BSR Insight | Quick Guide on Strategic Community Investment
The International Finance Corporation (IFC) has released a new "quick guide" to help companies develop a community investment approach that contributes to long-term improvements in the quality of life for local communities and creates an environment conducive to private investment.
The guide is organized around seven key strategies:
- Assess the business context, including risks and opportunities.
- Assess the local context, including an evaluation of socioeconomic conditions and potential partners.
- Engage communities in visioning and prioritizing.
- Invest in capacity-building.
- Set parameters such as an exit strategy and budget.
- Select implementation models, which could be in-house or multi-stakeholder partnerships.
- Measure and communicate results such as community perceptions and returns on investment.
The IFC plans to incorporate company feedback into a more comprehensive handbook to be released later this year. Download the guide now and provide your feedback.
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