Through the company's partnership with Impact Genome, the world's only standardized impact registry, CSR leaders can now demonstrate outcomes from social impact programs

Benevity Inc. has introduced Benevity Impact Reports, powered by the Impact Genome. This innovation leverages outcomes data from an extensive registry of 2.2 million programs, enhancing Benevity’s reporting tools and providing companies with detailed insights into their social impact.

1. Importance and Need for Enhanced Impact Reporting

• Current Landscape:
  • The 2024 State of Corporate Purpose Report indicates that 89% of social impact leaders are required to demonstrate measurable impact.
• Challenges:
  • Traditional social impact measurement is often manual, inefficient, and lacks standardization.

2. Features and Benefits of Benevity Impact Reports

• Outcomes-Based Reporting:
  • Transforms traditional metrics (e.g., donation amounts, volunteer hours) into tangible social outcomes (e.g., access to affordable meals, quality healthcare).
• Nonprofit-Friendly:
  • Eliminates manual reporting efforts from nonprofits, addressing a major pain point identified by 92% of social impact leaders.
• Benchmarking and Storytelling:
  • Provides data-backed storytelling to inspire stakeholders and build brand trust.

3. Detailed Reporting Insights

• Impact Overview:
  • High-level trends on total estimated outcomes supported by employees.
• UN SDGs Mapping:
  • Aligns company programs with United Nations Sustainable Development Goals.
• Geographical Impact:
  • Regional insights into the impact of employee giving and volunteering.
• Beneficiary Analysis:
  • Details specific populations supported by employee efforts.
• Nonprofit and Outcomes Details:
  • Comprehensive listing of supported nonprofits and detailed outcome explanations.

4. Strategic Implications and Benefits

• Economic Efficiency:
  • Demonstrates value and ROI in a tight economic environment.
• Purpose-Driven Workforce:
  • Enhances engagement by showing employees the real impact of their contributions.

5. Industry Feedback and Case Studies

• Leadership Views:
  • Kelly Schmitt, CEO of Benevity, emphasizes the innovation’s ability to bring scale and efficiency to CSR.
• Partnership and Vision:
  • Jason Saul, CEO of Impact Genome Registry, highlights the transformation of social impact into quantifiable progress.
• Client Testimonials:
  • Anthony Sanchez from Moody’s Foundation appreciates the ability to quantify the impact of donations and volunteer hours.

Benevity Inc. has set a new benchmark in social impact reporting with the launch of its AI-powered Impact Reports. By leveraging the comprehensive data from the Impact Genome, Benevity enables companies to measure and demonstrate the tangible outcomes of their social initiatives without burdening nonprofits. This innovation is poised to revolutionize how companies engage with social impact strategies, providing a clear, data-driven narrative that enhances transparency and accountability.