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RE-THINKING MONEY, RELIGION & POLITICS

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How to Influence Your Company's Impact

You want to make a difference in the world, and you believe that your company should be a part of that vision. What is the best way to convince your coworkers and boss that yours is a worthy cause, one that should be supported by their time, effort, and/or money? In a discussion at a conference in Brazil, speakers from impact organizations that work with large corporations shared what works–and what to avoid. From an article by Pioneer Post, here are some of their tips:


1. Think mindset, not (only) money

Some companies want to achieve hugely ambitious goals – say, eradicating Dengue fever–but with a budget that’s rather less ambitious. Finding a balance between expectations and the available budget can be a challenge. The road towards more impact was not only about money. Often it was more about mindset–doing things differently with the money you already have.



2.  Don’t go straight for the CSR team 

Working only with a company’s corporate social responsibility department isn’t ideal, because CSR often runs on a “parallel track” to the core business. That means its budget is always at risk of being cut when company cash is tight. Working with a CSR or sustainability department still makes sense but in a “transversal” way–they can support a project which involves several other departments such as those responsible for innovation or new business. That approach allows intermediaries to help a firm “change how they do business.”


3. Hunt out the right people to approach

Companies don't decide. It’s the people in the companies who decide. So be an investigator to figure out who you should be talking to. Women seem to be “quite open” to such conversations as well as getting younger employees on board first.


4. Offer opportunities to co-create 

Corporates love to put their talent in the service of social challenges. Rather than simply asking for funding, involve corporate employees in the creative process of developing solutions, which they may then finance when it comes to implementation. 


5. Identify business-critical issues

Getting a company to make big commitments means identifying key concerns of the moment; for example, Nespresso, which became a certified B Corp in 2022. A business-critical issue beforehand had been the use of its aluminum capsules. How could this be addressed? Nespresso now has committed to a circular model designed to reduce waste while keeping products and materials in use longer.


6. Acknowledge risk and reputation

Many company leaders are aware that there’s a risk of not acting now. And reputation matters–particularly for family-owned firms whose name is connected to the business or who are closely tied to a particular city, for example.


7. Don’t shy away from complexity 

Transforming corporates and the wider economy is an “ongoing process.” ESG (environmental, social, and governance) may be trendy right now, but it’s not the solution–especially as issues go far wider than just the typical targets of ESG departments in terms of diversity or carbon footprint. It’s not simple, it’s really complex. Solutions can be complex. 


While these tips are intended for use in a corporate setting, there's no reason that many of them couldn't be applied to a small business, church, or nonprofit. With the right approach, your passion can be transformed into the group's passion. There are many examples of one person making this kind of difference, such as the visionaries who are featured on the Better Capitalism in Action tab on our website.


If you have achieved this kind of goal in your own sphere of influence, we would love for you to share your story with us at info@bettercapitalism.com. We are always excited to hear about and pass on stories of people who are making the world a better place!



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