The SnO Center is supported by the HEC Foundation. It manages the Movement for Social * Business Impact launched on November 9, 2016 together with Action Tank "Social & Business"
On November 9, 2016 HEC Paris launched an ambitious initiative: the Movement for Social * Business Impact. This movement aims at contributing to a more inclusive economy, where businesses seek to maximize their social impact together with their economic performance.
The Movement for Social * Business Impact builds on the academic research and teaching by the HEC Paris Social Business / Enterprise and Poverty Chair, funded by Danone, Schneider Electric and Renault and launched in 2008.
The Chair in turn supported the creation of the Action-Tank Social & Business, designed to incubate inclusive business models fighting poverty in France. Since 2010, the Action-Tank has helped develop and implement innovative poverty alleviation projects, bringing together companies, NGOs, public and academic authorities.
The Movement for Social * Business Impact focuses on four key actions:
- Catalyzing world-class research on business social impact and social business by building on partnerships with the best international academic teams.
- Strengthening and broadening the teaching opportunities concentrating on social business impact, training a new generation of managers.
- Accelerating the deployment, and scaling up social business projects incubated in France.
- Providing institutional resources to develop international social business incubation models, which offer essential goods and services to the poorest populations.
To co-construct the Movement for Social * Business Impact over a three-year period, the three initial funders of the Social Business / Enterprise and Poverty Chair - Danone, Schneider Electric and Renault - were joined by new corporate partners: Sodexo and Veolia.
Please find the press release HERE.
Created in 1972 by HEC Alumni, the HEC Foundation has been recognized as a public interest organization by the French authorities.
It focuses on furthering knowledge in management sciences and supporting the development of HEC Paris with the following priorities:
- Providing needs- and merit-based scholarships,
- Supporting research,
- Facilitating teaching by providing cutting-edge tools and resources to hire new faculty,
- Supporting HEC’s international development.
In 2008, the HEC Foundation began a five year fundraising campaign, tHECampaign, which raised a grand total of 112 million euros. More and more businesses and alumni actively support HEC Paris’ development projects, and are instrumental in maintaining the school’s leadership and future ambitions.
The HEC Foundation counts today over 7 500 individual benefactors, 18 chairs and centers and 46 partner companies.