Living Up To Our Mission: Our 2020 Annual Report
Living Up To Our Mission: Our 2020 Annual Report
The extent of the damage caused by the COVID-19 pandemic is, frankly, bewildering. For us at Yunus Social Business, both as individuals and as an organisation, 2020 was a year that posed huge challenges.
In the midst of these setbacks, one thing has brought us particular encouragement: through our partnerships with our funders, through our collaboration with our portfolio social businesses and through teamwork with our remarkable colleagues and team members, we have been able to carry out work which has shown us that we are an organisation that lives up to its mission and remains true to its purpose.
Discover more in our 2020 Annual Report.
LESSONS FROM COVID-19
For us, COVID-19 has made clearer than ever the importance of social businesses within our societies and economies throughout the world. How many times have we heard about “building back better” or increased focus on “stakeholder capitalism”? Social businesses represent the better, more inclusive capitalism that we all want to see, and businesses great and small throughout the world have a huge amount to learn from them.
Going forward, we at Yunus Social Business will continue to do everything in our power to finance and support these game-changing social businesses and bring more attention to them, as they deserve. At the same time, we will continue to work with corporations and support them in learning best practices from the fantastic social-business entrepreneurs in our portfolio and beyond.
Harnessing the Power of Networks for Social Impact : Part I
Networks exist in many forms and serve a vast array of different purposes. There’s the beautiful synergies in nature that allow humans and trees to breathe each other’s waste, and there’s the way that organisations function through a distributed network of interacting social animals. In all these examples, shared purpose and communication (of one type or another) are key.
Social Business Spotlight: Impact Water
Over 9 million Ugandans lack access to safe drinking water, that equates to the entire population of London. Without access to clean water, it is estimated that 440 children still die every week due to waterborne diseases.
Supporting Growth. How does YSB support one waste management social business in Brazil?
A social business needs to deliver results in three core areas; social impact, financial sustainability, and organisational resilience. But in order to mature in these areas businesses need more than just capital; they also require non-financial support, training and access to networks.
