B4SI (formerly known as LBG) takes its name from Business for Societal Impact. Established in 1994, the group was formed by six companies, coordinated by Corporate Citizenship, to create a common standard for measuring social impact.
Over a quarter century later, the B4SI Framework is embedded into global indices such as DJSI with around 1,000 companies using it. In that time, the B4SI Network has grown from the original six companies to around 180.
Today, the B4SI Framework is and will remain the elite and defacto standard for measurement and management of business-led community activities and social impact. As a Network that is managed by businesses, for businesses, B4SI will continue to lead and shape the way businesses deliver impact in the future. The recent expansion of the B4SI Framework to include Business Innovation for Impact and Procurement for Social Impact, two new methodologies developed in conjunction with over 20 leading and global businesses, is driving the B4SI Network to produce further-reaching impact whilst delivering significant business returns.
LBG is the fundamental tool for strategic decisions on community investment providing the base for defining priority areas and budget allocations.
Eduardo Moura
Sustainability Director, Energias de Portugal
LBG allows us to quantify our contribution into an easily digestible format for different audiences. For example, our LBG data feeds into our annual reports, is published on our website and used to promote our community work on social media.
Janet Liu
Corporate Sustainability and Community Manager at ANZ
We only manage what we measure. For us, using LBG was the corner stone to evaluate objectively our investment in the community.
Sandra Aparício
Head of Environment and Sustainability from GALP
The LBG framework allows Myer to measure and track our corporate community investment in a focused and methodical way. Through LBG, our community investment has become quantifiable, feeding into our strategic planning and better equipping us to meet our community program objectives.
Kate Driessen
Community Relations Advisor, Myer
…our membership has proved to be invaluable. When we came on board the LBG team provided expertise and guidance to help us embed measurement systems and better manage and evaluate our community programs and strategic partnerships.>
Brooke Pettit
Community & Corporate Social Responsibility Manager, Foxtel
We joined LBG to understand what other companies are doing and how we compare, positioning us to improve our community programs and how we measure them.
Abi Price
Senior Corporate Social Responsibility Specialist, Hitachi Europe
Using the LBG model gives confidence to our key stakeholders that we are using a robust, globally, recognised framework to report on community and that critically, we are measuring the impact of what we do. Because of the many tangible benefits, we have been part of LBG for over ten years.
Emili Budell-Rhodes
Community Manager, RELX Group
We can really compare results, not just internal parts of Siemens, but other companies as well. This allows us to benchmark better and improve our activities.
Olivia Whitlam
Corporate Citizenship Manager, Siemens