The Third Sector has been having a bit of a tricky time recently, with funding hit badly by the changing economic climate over the last few years. It needs to find ways of coping with this new ‘normal’, and approach the challenges flexibly and effectively; taking advantage of every avenue it can to increase awareness and donations.
A new global report ranking world aid agencies by their transparency concludes they have a lot to improve.
- Only two agencies – DFID and World Bank IDA – ranked as ‘good’
- Report concludes: ‘Some progress, but aid is still not transparent’
In recent years there has been much made of Socially Responsible Investment (SRI), but since the global downturn in the economy, will this mark the end of this era, and will charities start to lose out on the investments of big businesses, in exchange for their focus on more profitable ventures?