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Measures the number of volunteering work hours serviced by the employees of a company for a civic, humanitarian, charitable, environmental or public-service cause.
Innovation is a key driver for performance in the private sector, where it is constantly used in order to gain competitive advantages by increasing the range of products or services of the company, managing the resources more efficiently, reducing the environmental footprint or in order to increase their employees retention and motivation.
A swath of companies, from start-ups to big enterprises, are investing a lot of money in giving back to society or what is more commonly known as corporate social responsibility or CSR.
Microfinance institutions (MFIs) are mainly private-held companies, whose owners tend to have long-term interests (Ingo, W., Krauss, N. 2008). Most MFIs are strongly related with a social mission. For example, the most common “raison d’être” for MFIs is to broaden access to financial services, reduce poverty, empower women, build community solidarity, or promote economic development and regeneration.
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