OPINION COMMENTARY:

Like many from countries where poverty and unemployment run high, a large number of young people in Upper Egypt feel hopeless. Ahmed Elmoursi proposes setting up training academies in the region to address the skills gap and provide the needed bridge between school and work.

There is currently an intense political divide in the United States regarding the integration of environmental, social, and governance (“ESG”) factors into the investment decisions of public and private pension funds. The key issues are whether ESG factors are appropriate considerations in furthering optimal financial performance and whether it is appropriate for plan fiduciaries to consider potential collateral social or environmental benefits in making their investment decisions. David Cifrino discusses the history, fiduciary law, financial performance and regulation associated with ESG investing.

FUTURE OF WORK SERIES:

Quality jobs that provide local living wages and equitable access to career pathways have become a critical part of the “future of work” conversation. Richard Kane and Barry Puritz of the Harvard Business School Club of New York’s Skills Gap Initiative, and Kenneth Adams, President of the LaGuardia Community College, discuss the creation of a non-degree program that is providing life-changing career pathways for individuals from low-income communities.

Eric Collins, founder of Impact X Capital and host of the UK The Money Maker, discusses how black entrepreneurship and business ownership is a pathway to black empowerment. He gives us his advice on how we can be disruptive visionaries and boldly create the world we want to see.

The knowledge, practices and methods pertaining to road safety have primarily evolved from the Western world. This knowledge is out of touch with the existing situation and realities specific to low- and middle-income countries. Their ineffectiveness translates into crashes, injuries, and deaths that could be avoided had they been adapted in a context-specific manner. Indian non-profit, SaveLIFE Foundation, through its scientific, quantifiable and well-documented Zero Fatality Corridor (ZFC) Model, makes a compelling case for considering cultural empathy to adapt standard methods and practices to a local context. By significantly improving the efficacy related to rule adherence, crash avoidance, faster medical assistance and greater engagement, the Model has led to a decline in crashes, injuries, and fatalities, thereby saving more lives across roads in India.

Social innovators and entrepreneurs of color often highlight challenges they face in making connections with funders, champions, and sponsors. These result in barriers that hamper development and advancement of their creative work. Dr. John Brothers, President of the T. Rowe Price Foundation, talks about the evolution of the Foundation’s approach to philanthropy, leading to the creation of Moonshot, an innovative, multi-year program designed to bring Baltimore’s entrepreneurs of color together with the global investment management firm’s network of investors and sponsors.

Impact performance reporting has been too influenced by mainstream financial reporting, trying to boil everything down to numbers, metrics and scores. Sarah Gelfand and Laura Budzyna, impact specialists, highlight the critical importance of also integrating qualitative information so the field does not lose the nuance that would ultimately make it better impact investors.

OPINION COMMENTARY:

Urban heat islands, compounded by the effects of climate change and environmental neglect, have a disproportionate impact on disadvantaged communities. David Cifrino, a 2022 Harvard Advanced Leadership Initiative Senior Fellow, uses Dorchester’s Columbia Road greenway as a model of our opportunity to bring about environmental justice.

Aligning the economic interests of shareholders and senior management with equity incentives is a foundational principle of American capitalism. Can the same principle also be harnessed to address wealth inequality in America by extending “ownership culture” to a broader cross-section of America’s workforce?

TECHNOLOGY INNOVATION IN SOCIAL IMPACT SERIES:

Digital innovation and open-source technology have evolved and matured over the last two decades and are now being applied to various uses beyond their traditional applications to business and industry. In this article, Heifer International’s Product Manager, Antoinette Marie, explores various use cases for technology to address the sustainable development goal of Zero Hunger using a collaborative and multi-stakeholder approach with smallholder farmers.

TECHNOLOGY INNOVATION IN SOCIAL IMPACT SERIES:

Many of the greatest leaps in technological advancement have emerged from a desire to improve the quality of life for underserved members of society. The article questions and addresses how sustained efforts to develop inclusive and accessible tech might lead to further progress for humanity as a whole.

OPINION COMMENTARY:

The COVID-19 pandemic served as a catalyst for a revived labor movement that looks drastically different from the stereotype of white men working in a factory. Americans who want all workers to live a life of dignity must get involved.

Michael Brennan and Adam Selzer, co-founders of Civilla, discuss the importance of embedding human-centered design from concept to implementation to address the process and system challenges plaguing our public-serving institutions.

Professor George Serafeim discusses the latest news of the Harvard Business School Impact-Weighted Accounts Project, an initiative that will mark a critical turning point for capitalism as we know it. The goal is to enhance Milton Friedman’s ‘fair rules of the game’ by fixing one of the most significant deficiencies of modern-day capitalism: social and environmental externalities.

TRANSFORMING CITIES SERIES:

Failing to apply a rubric for social impact, government-funded infrastructure has been culpable for legacies of segregating communities, spurring blight or displacement, and devastating natural environments. Daniel Balmori discusses how innovative efforts to reimagine underutilized public spaces -- including prior infrastructure follies -- have demonstrated that, deployed thoughtfully and with a lens toward equity, infrastructure improvements have the potential to positively transform the quality of life for entire communities, catalyze economic opportunities, and make environments more resilient.

TRANSFORMING CITIES SERIES:

Planners and engineers in the 50's and 60's often built freeways directly through African American communities, severing neighborhoods and dismantling small businesses in the way. Sally Bagshaw, Scott Bonjukian, John Feit, and other advocates and government leaders are now speaking out against these 70-year-old road design practices, offering solutions to restore and reconnect neighborhoods.

TRANSFORMING CITIES SERIES:

OPINION COMMENTARY:

Urban greenery can help create more resilient cities -- but only if residents are engaged in the process. Professor John Wilson, working at the intersection of sociology, environmental science and technology calls for an all-hands approach.

As we work to ensure a more just economic recovery, business leaders, policy leaders and philanthropists all have an important role to play. Paul Salem discusses how tested programs like Year Up plays a critical role in creating an integrated talent ecosystem for young people of color to succeed.

A conversation with Andrea Jung, President and CEO of Grameen America and former Chairman and CEO of Avon Products, Inc., discussing the use of microfinancing to help small businesses in America.

OPINION COMMENTARY:

Bob Levey provides a personal perspective on how individual institutions and organizations must also wrestle with the complex problem of homelessness within their own communities.