If you work in the nonprofit sector, you’re probably already familiar with the term “CSR,” or “Corporate Social Responsibility,” which often describes how companies incorporate social and environmental concerns into their business. As SEC regulations change, CSR (which is an internal process) is being replaced by ESG, or “Environmental Social Governance.” This is a framework...
Creating a Workflow process is one of the best ways businesses can keep up with the changing landscape of office life. Workflows are being implemented across industries for good reason; according to a study by Gartner , automated workflows increase productivity, reduce errors and lead to overall lower operational costs for businesses. They make employees’ lives simpler and improve the customer service experience...
Millennials have long been the most hated generation. From Baby Boomers calling them “lazy” to Gen Z calling them “cheugy” and “cliché,” it seems like the now 27- to 42-year-olds can’t catch a break. But the biggest complaint from older generations is actually proof that millennials are important: Boomers notably lament the fact that millennials shook things up—they...
As nonprofit organizations aim to increase their funding and support during a time of economic uncertainty, it is c rucial to pay attention to the emerging donor demographic: Generation Z (better known as Gen-Z) . Gen-Z is the largest generation in the world and is set to have a significant impact on the future of charitable giving, especially as they are known for their active push for change. Like Millennials, Gen...
With the rise of mandatory due diligence legislation, it is no longer sufficient for compliance officers to screen a third party for indicators of bribery and corruption alone. Effective due diligence in the modern business environment should also encompass Environmental, Social and Governance (ESG) factors like a company’s human rights record and environmental impact. More countries have adopted—or are...
Wealth screening is the practice of gathering financial data on potential donors to find hidden wealth and donation opportunities . This is a crucial step in raising funds, as it often helps an organization prioritize and craft more effective outreach strategies. All of that important data is hard to find unless you’re working with a third-party vendor, though. Not only do wealth screening tools offer large databases...
Workflow management software is becoming increasingly popular across industries. Research conducted by the Market Research Future concluded that the market for Workflow Management Systems is worth over $55 billion and will grow 30.5% between 2020 and 2030, and that growth makes it an absolute necessity for today’s businesses, no matter the industry. But what is business workflow? The automation of business practices...
According to our research, 88% of publicly traded companies had Environmental Social Governance (ESG) programs in 2022. Initiatives related to sustainability are becoming undeniably important—but what happens when key stakeholders aren’t on board? Some executives are wary of implementing ESG programs or setting lofty goals, for reasons such as fearing negative backlash or being seen as “political”...
Undoubtedly, COVID-19 significantly catalyzed a technological shift at universities worldwide. Today, academia and education are undergoing one of their most substantial transformations. Millions of students, tutors, and professors have had to adapt to online classes to continue their research and studies. Nevertheless, research suggests technological transformation was already underway in academia before the global...
As anyone in manufacturing knows supply chain disruption has been a constant theme of the last few years. From COVID-19 to the war in Ukraine to raw material shortages, it has been a challenge to make sure all of the parts of your supply chain are running smoothly. Not only that, but increasing Environmental, Social, and Governance legislation make imperative that manufacturers do their due diligence to ensure that...
When most people think about nonprofits, they’re thinking about social or human services nonprofits—food banks, shelters, family services and other organizations that help meet basic human needs and build a more equitable society. While some are large and well-funded, many are so consumed by their daily responsibilities that raising awareness and donations becomes a second thought. How can you research donors...
Initiatives related to Environmental Social Governance (ESG) have grown in popularity over the last few decades. Businesses are now making it a point to become more sustainable, and they are doing that in very public ways. According to our research, 88% of publicly traded companies had ESG programs in 2022, as did 67% of privately owned businesses. This number is expected to continue growing, and growing with it is...
The climate crisis is one of the biggest challenges facing us today. Rising CO2 levels, melting ice caps and deforestation threaten humans and wildlife. And with each passing year, the threat grows. If you’re fundraising for an environmental nonprofit, there is no more relevant and pressing need. But how do you find and retain donors when there are thousands of environmental nonprofits out there? How do you present...
For decades, consumers have steadily increased their prioritization of buying goods from companies that value human rights and environmental sustainability—this includes every step of the supply chain. Ethically sourced food involves a wide range of sustainability initiatives, from responsible packaging and energy efficient transportation to environmentally sustainable growth practices and efficient returns management...
When it comes to fundraising, nonprofits and academic institutions often have the uphill battle of finding where to apply their efforts. No business wants to waste time and resources hosting a donor event or even dispersing newsletters to people totally uninterested in helping their efforts. Once the interested populations are identified, there is then the process of figuring out the potential amount that could even...
If you’ve logged onto the internet in 2023, you’ve probably heard about AI advancements. From appealing AI filters on social media to the March 14, 2023 release of GPT-4, artificial intelligence (AI) has become all the rage, and that’s not likely to end anytime soon. But what does AI have to do with film and media production? Generative AI, a category of intelligence that creates content like text...
Fundraising for a nonprofit healthcare organization should be easy. What nobler cause is there than fighting childhood cancer? Who wouldn’t want to donate to the Red Cross or the American Heart Association? Isn’t curing debilitating diseases a goal everyone wants to support? Of course it is. And yet, when you work in healthcare fundraising, raising awareness for your cause can prove challenging, especially...
Consumer attitudes have shifted dramatically since the onset of the pandemic, bringing a striking increase in their desire for transparency in supply chain ethics. From the consumer level to the statutory level, there is a greater focus on ensuring these laws are enforced and embraced across the whole of the supply chain: from farm to fork. In 2021, a global study found that 78 percent of consumers prioritize buying...
A multinational telecommunications company has pleaded guilty to breaching the anti-bribery provisions of the US Foreign Corrupt Practices Act and must pay a $206 million penalty. In this blog, we look at the judgement by the US Department of Justice, and highlight the legal, financial, reputational and strategic risks of a compliance failure. We also outline how Nexis® Solutions can help companies to improve their...
While environmental social governance (ESG) initiatives are increasingly becoming standard corporate practice, some organizations are still hesitant to invest the time and capital required to pursue a comprehensive program. In fact, sometimes securing internal buy-in can be the most challenging part of the process. To help you overcome these internal roadblocks, we break down some of the most compelling reasons an organization...
There are significant advantages to fundraising for higher education, whether it be for a distinguished university or a small, rural college. These institutions have an extensive network of prospective donors who already have a relationship with the school, either as current or former students. But with so much competition for their time and attention, how do you find alumni and engage them in a meaningful way? And how...
When you work at an arts nonprofit, it might feel like you’ve landed your dream job. Your days are spent doing something you love with people who are equally passionate about the cause. While your profession is intensely creative and rewarding, keeping the organization financially solvent (and thriving) might sometimes prove challenging. Meeting your fundraising goals year after year can turn into an all-consuming...
Once your work is live in the wild, that doesn’t mean the job is done. Modern PR campaigns are living, breathing things, with feedback incoming from a range of sources. And much like trees need sunlight, air and water to grow, your campaign needs data, analysis and refinement in order to flourish. These efforts should go far beyond old-school media monitoring, correlating media coverage with key business outcomes...
Over the past few months, companies from a wide range of jurisdictions and industries had to pay hundreds of millions of dollars in fines for alleged failures of compliance and due diligence. In this blog, we dive deeper into some of these enforcement actions and draw out lessons companies can learn to mitigate the legal, financial, reputational and strategic risks of a regulatory breach. We also explain how Nexis Solutions®...
Nonprofit organizations play a vital role in society by providing services and support to those in need. The past few years have been particularly challenging for nonprofits, as they have had to navigate the impact of the pandemic and economic uncertainty. However, despite these challenges, nonprofits have continued to serve their communities and have demonstrated their resilience and adaptability. Our 2023 Nonprofit...