Welcome!
This quarter our Corporate Social Investment (CSI) offering, CSI Works, generated a lot of interest and enquiries which sparked the CSI theme of this newsletter. Our communications co-coordinator, Michelle Cruywagen recently attended the Trialogue CSI Matters Conference held from 24-25 May in Johannesburg and shares some of the conference highlights in this 16th edition.
- We explore industry benchmarks in corporate social investment (CSI) spend and how this impacts on national social economic development (SED).
- We guide you on how best you can increase the sustainability of your CSI programme.
- We consider the importance of establishing partnerships - a hot topic at the CSI Matters conference.
- Finally, we share some valuable development lessons from Africa via Dr Pandelani Mathoma, GM of Old Mutual Corporate Affairs guest speaker at the conference.
We hope you enjoy our newsletter and are able to leave with new insights and inspiration. You're welcome to make contact via email should you have any questions, if you would like to further discuss topics highlighted in our newsletter or require more information on our services!
Warm Greetings from our Team!
Creative Consulting & Development Works
CSI spend flatlines after more than a decade of steady growth
Leading CSI (Corporate Social Investment) consultants and hosts of the annual CSI Matters Conference, Trialogue give an annual review of CSI strategies and practice in their popular CSI Handbook. The handbook gives the results and outcomes of field research and provides valuable benchmarks and insights into CSI. Here are a few extracts from the the handbook:
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How much should corporates be spending?
It appears that CSI spend had spanned across a broad range between 0,7-1,4% at the discretion of companies until recent changes in legislation regulated what companies spend on socio-economic development (SED).
According to industry experts, there has been a steady shift over the past decade among South African companies towards using a formula-based approach to determining CSI budgets, rather than an allocation based on board or CEO decisions.
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How to increase the sustainability of your CSI Programme
At Creative Consulting and Development Works, we're the trusted strategic partner of leading organisations in the development sector. Our main aim is to enable organisations to create sustainable livelihoods through strategic planning, research and evaluation, capacity-building, communication and our corporate social investment offering namely, CSI Works.
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Partnerships key to impactful socio-economic development
The recurring theme throughout the Trialogue CSI Matters Conference was the need to establish successful partnerships between key stakeholders concerned with corporate social investment. The main benefit of partnerships would be to increase the impact of socio economic development as well as the effective use of resources.
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Sir Richard Branson echoes the Big Issue of partnerships
Echoing the main sentiment from the Trialogue CSI Matters conference, biz-community CSI section featured an article on Virgin founder and world renowned entrepreneur Sir Richard Branson, who recently guest-edited The Big Issue's
special edition on entrepreneurship. Branson said he supported the initiative as the title's approach of a "hand-up, not a hand-out" which is in line with his belief that "it is important for business, government and the social sector to work together to create better opportunities for budding entrepreneurs."
Read more...
Africa rises up to claim her voice
“For too long Africa has been seen by the world as a problem to be solved, rather than a voice to be heard,” was the clear message from Dr Pandelani Mathoma GM of Old Mutual Corporate Affairs at the opening day of the Trialogue CSI Matters Conference at The Wanderers Club, Illovo, Gauteng last month.
Read more...
Contributors and Contact
Lindy Briginshaw (Director) Michelle Cruywagen (Communication Co-ordinator) Susannah Clarke (Research Co-ordinator) Lilian Kaplan (Research Assistant) Nondumiso Ntsengentsu (Communications Intern) Sue Maude (Bookkeeper) Jacques van Niekerk (Technologist)
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