Driving Innovation through Corporate Impact Venturing

A Primer on Business Transformation

The days of traditional corporate social responsibility (CSR)—the bolt-on approach that is compliance driven, costs money, and produces limited reputational benefits—are fast coming to an end. A new paradigm is emerging in its place that is responding to structural changes in the operating environments of business. The balance is shifting from an exclusive focus on responsibility to one that assesses joint opportunities for financial and social returns. This approach is far more ambitious in terms of scale and impact: it endeavors to achieve actual financial returns, greater effectiveness, and more leverage potential for both business and society by updating patterns of value creation in new and existing multitrillion-dollar markets.

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