Ensure that social capital is at the core of all SeedRock's businesses to both safeguard our investment and place SeedRock at the forefront of achieving sustainable development with local partners. We are committed to working with individuals and their communities while we engage in local trade and the development of local economies through partnerships and social enterprise.
|What We Do
SeedRock Social Enterprises (SSE) was created to deliver social betterment programs in the communities that SeedRock's Businesses operate. Our aim is to support an integrated approach to sustainable development in the areas of food security, education, microfinance and health. To help identify the needs of the communities as well as lead innovative industry research and development, SSE establishes partnerships with sector specialists and highly focussed organizations. Through these partnerships, SSE gains access to sector expertise and funding in addition to creating an environment that will command an avant-garde network of global learning between the private and public sectors. Our focus lays heavily on strengthening local capacity by creating sustainable social investments through participatory development. Engaging with the local government, universities, CBOs and NGOs, SSE ensures that social programming is line with local development plans and that efforts build on, rather than replace, existing capacities.
|How We Implement
In order to facilitate the most robust outcomes for each of our designated social bettement focuses, SSE will create a partnership structure composed of key individuals and organizations from around the world. The sub-committees, comprised of former in-country State Ministers and global subject experts in each sector will help guide policy and program development. University partnerships that span the globe will help facilitate innovative research and learning. Finally, collaboration with NGOs and other charitable organizations will contribute to sector expertise, helping drive successful program development, implementation and management.
SSE plans on working closely with its partners and the local communities in developing its investment strategy for each country. To assist with such an approach SSE will establish relationships with donor organizations to apply for grant funding, and fund matching opportunities that will aid in the implementation costs of the research and development of each betterment program. In addition to grant funding, SeedRock Corporation has committed to supplement operating costs and implementation costs by earmarking a percentage of its overall profits from each of its business units.
|Monitoring and Evaluation
Demonstrating social returns is important to ensure effective programming as well as warranting a sound investment for stakeholders. To allow for performance monitoring, SSE is in the process of drawing from the Reporting and Investment Standards framework (IRIS). The framework has created a common language of indicators and metrics that facilitates a greater exchange of information and ameliorates benchmarking.