In today’s business landscape, Social Investment has sparked considerable interest among numerous investors, prompting a necessity to gauge and showcase social impact. Measuring impact can facilitate the creation of systemic, sustainable change, and it also enhances value creation for corporations. Now more than ever, corporate, government, and philanthropic investors are pursuing a meaningful return on their investment.
At FinX, we believe in the power of business to drive positive change in society. Our Social Impact division is dedicated to leveraging our expertise and resources to create meaningful and sustainable outcomes for communities around the world. Through innovative projects and strategic partnerships, we strive to make a difference where it matters most.
Our Approach
At the heart of our approach is a commitment to understanding the unique needs and challenges facing communities. We believe in taking a holistic view of social impact, considering environmental, economic, and social factors in our projects. By working closely with local stakeholders and experts, we ensure that our initiatives are culturally sensitive, inclusive, and effective.
Social Audit Projects
One of our flagship initiatives is our Social Audit projects, which have seen remarkable success in collaboration with our Australian counterparts, Huber Social. These projects involve a comprehensive assessment of an organisation’s social and environmental performance to identify areas for improvement and maximise positive impact.
Through rigorous data analysis, stakeholder engagement, and on-the-ground research, our team uncovers valuable insights that inform strategic decision-making and drive meaningful change. Whether it’s reducing carbon emissions, promoting diversity and inclusion, or supporting community development initiatives, our Social Audit projects empower businesses to align their corporate practices with their values and create a lasting impact.
Our Partnership with Huber Social
FinX Social proudly collaborates with Huber Social, a leading Australian social impact organisation, to conduct Social Audit projects that have yielded significant results. Through this Joint Venture, we combine our expertise in social impact assessment and data analysis with Huber Social’s well-proven Wellbeing Measurement Framework™, which measures shifts in well-being (Impact) and the capability and opportunity needs of people (Outcomes).
About Huber Social
Working across the private and social sectors globally, Huber Social holds ‘Wellbeing’ as the measure of success for humanity and works with organisations to measure and create social impact. Huber Social has extensive experience measuring the well-being of people, having successfully applied their system across the public, private, and social sectors in more than 10 countries.
Recognised as an authority in social impact measurement, Huber Social led the drafting of ‘Standards Australia, Measuring Social Value Handbook’, along with partners like Oxford University Blavatnik School of Government, Sweef Capital, and Trust Waikato. Huber Social is also a member of the United Nations Sustainable Development Goals Impact Assurance Advisory Committee and the UN Private Sector Mechanism of the UN Food and Agricultural Organisation.
Success Story
Through our partnership with Huber Social, we have had the opportunity to work with a diverse range of organisations across various sectors, including financial inclusion, education, and poverty alleviation. By leveraging our combined expertise, we have helped our partners identify areas for improvement and develop tailored strategies to maximise their positive impact on society.
Virutcham Microfinance Limited in Tamil Nadu, India (2021)
In 2021, Huber Social conducted a Social Impact Measurement for Virutcham Microfinance Limited in Tamil Nadu, India. This comprehensive study revealed that Virutcham Microfinance contributed to 9 out of the 17 United Nations Sustainable Development Goals (UN SDGs). The findings highlighted the significant role of microfinance in fostering economic growth, reducing inequalities, and promoting sustainable communities.
SKP Education in Maharashtra, India (2023)
Similarly, in 2023, we partnered with Huber Social to measure the impact of an Educational Trust in Pune, Maharashtra. This initiative demonstrated the trust's contribution to 11 out of the 17 UN SDGs, emphasising the critical importance of quality education, gender equality, decent work and economic growth in driving social progress. By conducting these Social Impact Measurements, we have empowered organisations to align their business practices with social responsibility goals, foster diversity and inclusion, and promote ethical business practices.
Our Commitment to Social Responsibility
At FinX, we are committed to driving positive change and creating a more sustainable and inclusive world. Through our Social Impact division and our partnership with Huber Social, we continue to explore new opportunities for collaboration, innovation, and social change.
By harnessing the collective power of our expertise, resources, and passion for social change, we aim to be a force for good in society. Together with our partners and stakeholders, we are shaping a brighter future for generations to come.
Expanding Our Global Reach: Partnership with WEAll
We are delighted to announce that FinX has joined the WEAll (Wellbeing Economy Alliance) global network, further strengthening our commitment to driving positive social change and promoting a well-being economy. This partnership aligns perfectly with FinX’s Social Impact division’s mission and our collaboration with Huber Social, as we work towards a future where economic success is measured not just by financial metrics but also by its contribution to the overall well-being of individuals, communities, and the planet.
As a part of the WEAll family, we will have access to a wealth of resources, knowledge-sharing opportunities, and a global network of like-minded organisations and individuals dedicated to advancing a well-being economy. This partnership will enable us to amplify our efforts, learn from best practices, and collaborate with other members to create an even more significant and far-reaching social impact. We are excited to contribute our expertise and experiences to this global movement, further solidifying our commitment to shaping a more sustainable and inclusive future for all.
Get Involved
Are you passionate about driving positive social change?
Join us in our mission to create a better world. Whether you’re a nonprofit organisation looking for support, a business seeking to enhance your social impact, or an individual eager to make a difference, we invite you to collaborate with us.
Together, we can achieve great things and build a brighter future for everyone.
