The Social Impact Day (SID) is one of Japan’s largest events for sharing the latest trends in social impact management in Japan and abroad, and this year marked its fifth anniversary. This year’s event was the first to be held online over three days.
The SID 2020 featured top-runners who have been taking on the challenges of hammering out cutting-edge initiatives on impact management in their respective working environments. Guests from a variety of sectors included businesses (for-profit and non-profit), funders, intermediary support organizations, governments and academia, and over three days they shared their current practices, challenges, and lessons-learned in more than 13 themes with 637 registered participants, and discussed future prospects.
The rapid spread of the new coronavirus infection, which no one could have predicted just a year ago, is forcing us and the whole world to make transformative changes. One of these changes is the shift to a new type of capitalism; from shareholder capitalism to stakeholder capitalism. We need to consider and appreciate a variety of social and environmental values that cannot be measured by conventional monetary values, and work to ensure that these values are produced in an optimal manner in our business and activities, with a result that these new values flow freely, and are reinforced and cherished in society.
How can social impact management contribute to this transformation? What can we glimpse from the latest global trends, growing practice in Japan in the private, non-profit, and government sectors, and the development of new standards and frameworks? We introduced and discussed various aspects of the social impact management in practice and drew up the future we are aiming for.
