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Five ways the corporate agenda has changed in 2022

On the 26th March, 2020, everything changed.

In response to the growing coronavirus pandemic, the United Kingdom entered the first of three national lockdowns. Overnight, the corporate agenda changed. Business leaders were immediately struggling with questions of supply chains, working from home and responding to the crisis.

In 2022, we find ourselves facing new problems. The cost of living crisis, the war in Ukraine, and the continuing effects of the coronavirus dictate the corporate agenda.

To build ambitious corporate partnerships, your charity needs to respond to this shifting agenda. As such, we have outlined five ways in which the agenda has changed this year.

The battle for talent

When surveyed by Inspiring Workplaces, the majority of CEOs listed hiring – and retaining – the right talent as their top priority.

The pandemic has given a lot of people the space to consider their options. As such, thousands of workers are moving to companies that better align with their values or offer greater flexibility.

Therefore, organizations looking to remain competitive have to prioritize their workforce. This prioritization comes in many forms. It could be increased wellbeing support, providing flexibility around working hours or even meaningful charity partnerships.

In recent research, Slack have found that up to 30% of employees intend to leave their job this year. Your charity partnership could be the thing that makes candidates choose that company.

Adapting to a hybrid world

We find ourselves in the middle of a digital revolution. The pandemic taught us that whilst face to face interaction is valuable, it isn’t always essential. As such, companies are having to rethink how they create value for their customers.

As more basic services and goods – such as education, employment and social interactions – move online, problems arise. It is easy for people to feel left out and for small details to be overlooked. Left unchecked, this can lead to disastrous results.

Companies are racing to solve these problems. Whether they are trying to replace the ‘water cooler culture’ or ensure that their platform works for all generations, they are all looking to build a digitally inclusive future. It is worth thinking if your charity can play a part in this.

Equality, diversity and inclusion

Forbes research shows that millennials will be the predominant workforce by 2026.

As customers and as colleagues, millennials demand to see themselves and their friends represented by companies. This means there is increasing pressure to demonstrate diversity in advertising, in leadership and in workforces.

To tackle and stay ahead of this trend, businesses are beginning to pay closer attention to their diversity and inclusion policies. They recognize the need to understand their workforce and identify any barriers to underrepresented groups. The Equality, Diversity and Inclusion conversation is tough for companies, but has incredible results. When done correctly, it presents an exciting opportunity to tap into diverse perspectives – creating better products, partnerships and culture as a result.

Increasing focus on sustainability

We are moving from a world of reporting on Corporate Social Responsibility (CSR) to a world of reporting on Environmental, Governance and Sustainability data (ESG).

In the wake of COP26, the general public are more aware than ever of the threat climate change creates. As such, we are demanding more environmental action from companies.

The smartest companies are looking at how they can go beyond carbon neutral into planet positive – or at least reduce the impact of their supply chain on the planet. By giving companies a nuanced way to discuss their ESG, your charity could be providing a much needed solution.

The era of purpose driven business

Finally, the Edelman Barometer shows us that we have become much less trusting of companies than we have been before. Business leaders, therefore, are looking at key ways to rebuild this trust with their target audience.

The most advanced solution to this problem is to identify and demonstrate their business purpose. To think what problem they exist to solve, and how they can best go about solving it.

This has led to a significant move from transactional modes of corporate philanthropy, towards strategic partnerships. Consequently, corporates are typically partnering with fewer charities more intensely.

Giving from corporates is likely to increase in the coming years. There is more evidence that partnerships work, increasing understanding that business and charities have complementary assets, and mounting pressure on companies to demonstrate social purpose.

We have seen a dramatic shift in the corporate agenda. This has created exciting partnership opportunities which are only available to those who rise to the challenge. Come to our Advanced Corporate Partnerships Masterclass to seize these opportunities with both hands.

Conclusion

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More than money – what to value in a corporate partnership

This piece is brought to you by a guest writer – Katherine Woods.  Katherine is the Partnership Development Lead at Action for Children and is currently setting up the charity’s first standalone New Business Team. Here’s what she had to say about the non-financial value your partners can bring:

I find the corporate-partnership world really exciting. It’s evolved massively over the past few years and continues to do so. Today, the most successful partnerships are multi-faceted. They have touchpoints across all aspects of the business. And they don’t simply rely on fundraising as the sole piece of activity.

Andy at Remarkable Partnerships asked me to outline what I see as the main non-financial benefits that a partner can provide. So here’s what I look at in partnerships:

  1. Reach

There is a reason that big consumer brands spend millions of pounds on advertising annually. Visibility is key.

But there are very few charities that have those kind of budgets.

Which is why a partnership can hold such great potential for a charity brand—from expanding your general reach to spotlighting your cause for targeted groups. Our development team, drawing from a consultant with prior campaigns in the privacy-centric online gaming space like the best no KYC casinos, has piloted anonymous donation channels that draw in tech-savvy supporters wary of traditional tracking. Whatever your organisation’s mission, these expanded visibility opportunities will advance it further. The more people recognize your brand and mission, the greater their inclination to contribute.

For example, we are incredibly lucky at Action for Children because our friends at FirstGroup are very generous with their advertising space. We are given huge amounts of visibility across their network. They enable us to publicise our key campaigns in a way that we simply wouldn’t be able to do without them.

2. In Kind

Back to the lack of budget. There are a range of ways that a company can help a charity plug the lack-of-budget gap by donating resource, such as event space or legal expertise. These are opportunities for the company to support you with the cause itself.

Not only does it help the charity, but it can give your partner’s employees another way of being part of the partnership that doesn’t involve them asking friends and family for money.

But! It has to really make sense. It has to be authentic. There’s nothing worse than trying to create an ‘in kind’ opportunity that doesn’t really work for both sides.

3. Network

Over the course of a partnership you have the potential to ignite a passion for your cause in people.

As fundraisers, we do a good job of telling people how amazing our charities are. Imagine if you had someone else doing that for you. A peer-to-peer introduction carries a lot of weight and can open doors, helping you achieve bigger and better things.

I’ve been incredibly fortunate to work with some very dedicated, passionate and influential senior volunteers over the years. They are often totally wonderful individuals and can be a huge asset to your organisation. Maximise this potential!

Overall, there is a huge amount corporate partners can do for you – so stop just asking for cash.

We love this piece from Katherine. Our view is that when you choose to focus partnerships on overall value rather than purely cash donations, you get more fulfilling partnerships for both parties. Equally, partnerships that begin with a non-financial contribution are more likely to succeed because they begin by focussing on solving problems, which is what they should be about.

If you have any comments or suggested comments for future blogs, we’d love to hear from you below.

This piece is brought to you by a guest writer – Katherine Woods. Katherine is the Partnership Development Lead at Action for Children and is currently setting up the charity’s first standalone New Business Team. Here’s what she had to say about the non-financial value your partners can bring:

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min read
Highlights from Anchors Aweigh: launch event

On the 1st of July, we were delighted to be joined by 80 professionals from across the charity and business sectors for the launch of our new research – Anchors Away: breaking free of the barriers to ambitious charity-company partnerships. We heard from four incredible speakers and had some great comments in the Zoom chat, and we’re proud to share some of the highlights.

Barriers from the company side:

Jenni Berkley, Communications and CSR Manager of Belfast Harbour, started the event by talking about the barriers to ambition she’s experienced in the corporate secotr

“The problem is short-termism. Many people want to see something good happen in their timeframe or tenure. Something good even if it’s not the right thing.”

“I must get around 20 letters a week from charities I’ve never spoken to or maybe even heard of asking for money. It’s incredibly frustrating – they may get £100 if they’re incredibly lucky, but there needs to be an understanding of how our partnerships operate.”

“Charity-company partnerships are like finding your life partner… right down to wondering if you like the same films. You need to be compatible with each other from the superficial details all the way through to sharing the same ethos. It’s up to the charity to demonstrate that.”

Barriers from the charity side:

Then Ghalib Ullah, Head of Commercial Partnerships, spoke about the barriers he’s encountered and overcome through his career.

“The biggest barrier is structural. Our budget works on a yearly basis, so we are pulled back to achieving short term income, rather than achieving our more ambitious goals. We need to work as a whole organisation to overcome this.”

“Another barrier is organisational buy-in. We went through a process of identifying who internally was key to our success as a team. We understand that we’re pitching internally as much as we are externally.”

“Corporate partnerships is still in its infancy. How to achieve strategic partnerships is not as well understood as how to secure major grant funding. It is essential we invest in training as a team and as individuals.”

Background to the research:

We then moved to discussing how the research came about, before discussing some of the key recommendations.

“We defined ambition as the desire to create the most social value possible, then looked at what held people back from pursuing ambitious partnerships in favour of things like Charity of the Year or sponsorship models instead.” – Ian McQuillin, Rogare

One of the main things we found was the collaboration continuum, which we have adapted from Austin and Seitinedi. You can see the model that explains levels of ambitions below:

“Charity-company partnerships can make great changes in the world, so it’s a missed opportunity to be anything short of as ambitious as possible.” – Jonathan Andrews, Remarkable Partnerships

The importance of seeking value beyond money:

“The fundraisers label can hold us back. We need to be corporate value raisers, not corporate fundraisers.” – Jonathan Andrews, Remarkable Partnerships

“There are so many different ways partnerships deliver value – which are easy to overlook if money is the only or main measure of success.” – Crispin Manners, Onva Consulting

“I would recommend starting to report on added value, where it exists, as well as income. Don’t wait to be asked to report on it, just send out the results and examples you have as part of your normal reporting so that it starts to become embedded and better understood.” – Sophie Powell-White, Great Ormond Street Hospital

The importance of having a partnership north star:

“It is important that your projects excite not only your corporate team but your partners – they need to visualise the potential impact they could have on the world.” – Ghalib Ullah, Parkinson’s UK

“All the team have in their heads. That when we go into a conversation with a company what we are looking for is that ambition at the top of our partnership model. Which is an ambition that only us and that company can achieve… If you’ve got that ambition then all the levers for change will naturally fall out of it because it is so strategic to both sides…. In three years’ time what would the Sun newspaper headline say [the partnership] has achieved?” – charity interviewee in the research.

To get your copy of the full report, download it here

On the 1st of July, we were delighted to be joined by 80 professionals from across the charity and business sectors for the launch of our new research – Anchors Away: breaking free of the barriers to ambitious charity-company partnerships. We heard from four incredible speakers and had some great comments in the Zoom chat, and we’re proud to share some of the highlights.

Stay Informed. Stay Remarkable.