In 2024, more corporations are embedding social innovation into their core business strategies, recognizing it as essential to long-term sustainability and competitiveness. The Schwab Foundation’s Rise Ahead Pledge expanded to include 24 companies committed to addressing the $1.1 trillion funding gap in social innovation worldwide. These leaders actively collaborate with social enterprises to co-create solutions tackling healthcare access, clean energy, and education. Companies like Medtronic Labs focus on accelerating healthcare delivery in underserved regions through technology, while IBM drives AI applications for social good. By integrating social innovation, corporations unlock new market opportunities, enhance brand reputation, and foster stakeholder trust. This growing commitment reflects a broader trend where business success and societal progress are increasingly interconnected and mutually reinforcing.
For detailed analysis: https://www.weforum.org/stories/2024/09/social-innovation-companies-impact-brand/
