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What's New in FSSI

Introduction

The Foundation for a Sustainable Society Inc. (FSSI) is looking for a consultant to prepare and package its Business Continuity Plan, and conduct BCP orientation for FSSI staff.

FSSI is a non-government organization established in 1995. It manages an endowment fund which resulted from the successful debt-swap campaign of international and local organizations to cancel the foreign debt from the Swiss government.

FSSI has promoted a “triple bottom line” (3BL) approach in supporting social enterprise development. This approach enables social enterprises to manage their economic, social, and environmental impact. FSSI supports social enterprises by providing financial and technical services that enables them to achieve their profit, people and planet bottom lines. FSSI has a range of products and services that include equities, loans, deposits, and grants, as well as business development support services.

FSSI is embarking on a new journey with its Strategic Plan 2020 – 2024. The strategic plan has four key results areas (KRA): financial service delivery, social enterprise development, asset and investment management, and organizational development.

One of the objectives under the organizational development key result area is “to implement a business continuity plan (BCP) to ensure operations continue in the event of major disruption”.

Purpose

The overall purpose of the consultancy work is package the existing risk management framework and risk response plan and develop the appropriate business continuity plan. 

Scope of Work

1. The consultant will conduct the following:

a. Review the following existing documents:

b. Risk Assessment –threats and risks to FSSI operation, assets and human resources

c. Business Impact Assessment – identifying range/ levels of impact to:

  • Health and safety
  • Compliance and legal impact
  • Reputation
  • Financial impact
  • Performance and capability

d. Risk Rating and Risk Rating Matrix – low, medium, high risks based on probability and impact

e. Risk Management Framework

f. Risk Response Plan –trigger points (condition or other event that will cause a risk to take place) and appropriate response

2. Prepare the risk management guidelines (detailed risk response)

3. Prepare the recovery plan

4. Package the Business Continuity Plan

5. Prepare a BCP Orientation course design

6. Conduct BCP orientation to FSSI employees

Deliverables

The contractor shall submit a comprehensive Business Continuity Plan according to the risks to FSSI’s assets and resources, and a corresponding BCP orientation course design to be implemented for FSSI employees.

Duration and Location

The coordination meetings with the staff and IT assessment will be held thru online meetings.

The professional service contract shall be for 30 person-days.

Estimated timeline for the engagement:

Activity Estimated Workdays
Orientation meeting 1
Review of existing documents on risk management, risk assessment 3
Coordinate with key informant/ key person on resources at risk: Human ResourcesPhysical AssetsFinancial Assets 1
Data gathering, meetings with key informants 5
Preparation of risk management guidelines 7
Coordination and conduct of management meeting for roles and responsibilities 3
Present initial draft of the BCP 1
Revision and approval of BCP 3
Prepare course outline, coordinate schedule for BCP Orientation 2
Conduct BCP Orientation 1
Packaging of FSSI Business Continuity Plan 2
Submission of final output 1

Institutional Arrangement

The contractor will work with HR and Administration manager, and other staff as needed.

Qualifications

  1. College degree in a related discipline or equivalent training and experience;
  2. Minimum 2 years of hands-on experience on business continuity and/ or disaster and risk management for businesses or organizations, including performing business impact assessment, IT recovery planning, understanding of basic regulatory requirements, among others;
  3. Familiar with financial services organization applications and technologies (credit services);
  4. Effective documentation and communications skills.

Application Process

Interested and qualified candidates should submit their applications which should include the following:

  1. Quotation (Professional Fee) for the short term engagement
  2. Updated and detailed curriculum vitae
  3. Copy of related previous work (if available)

Applications should be emailed to the Human Resources and Administration Manager Doreen Erasga, doreen@fssi.com.ph not later than Thursday, 17 June 2021.

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What's New in FSSI

Amidst the economic challenges brought about by the COVID-19 pandemic, digitalization is seen as essential in ensuring the continuity of operations of businesses and organizations. However, the shift to digital transformation has also led to concerns over data privacy and cybersecurity. There is now a compelling need to consider data protection and maintain robust security systems especially in terms of data collection and retention. 

Following its webinar on the Digital Transformation Roadmap for Social Enterprises in late 2021, the Foundation for a Sustainable Society, Inc. (FSSI), hosted an online forum to discuss the Data Privacy Act of 2012 and its policy implications for financial services and civil society organizations (CSOs). 

The learning session, attended by around 70 representatives from CSOs and financial service institutions, was held on February 26, 2021. It was led by Atty. Benjieline Puzon of the Policy Review Division of the National Privacy Commission (NPC). Atty. Puzon is the Policy Adviser of the NPC for non-bank financial institutions, collaborating with various local and multi-national companies on the safe conduct of their businesses in connection with data privacy. 

“Information is the most valuable resource,” she shared. To protect the security of information, Republic Act No. 10173, known as the Data Privacy Act (DPA) of 2012, was enacted. The DPA aims to protect the “human right to privacy while ensuring the free flow of information to promote innovation and growth.” Its principal author, the late Senator Edgardo Angara, said that the mandatory protection of all personal information by data collectors – whether public or private – under the law will help truly usher in a knowledge-driven economy. Atty. Puzon adds that many businesses, such as online retailers, capitalize on information sharing, but without securing the integrity and confidentiality of data, the public would be hesitant to use online platforms to sell or buy. It is only when personal information is protected, and when it is not abused, that it can be beneficial to the economy. 

Visit our official YouTube channel to view the recording of the webinar in full. 

You may also read the highlights of the discussion here, and  browse other relevant learning materials through this link

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What's New in FSSI

About FSSI

FSSI is a non-government organization established in 1995. It manages an endowment fund which resulted from the successful debt swap campaign of international and local organizations to cancel the foreign debt from the Swiss government.

FSSI has promoted a “triple bottom line” (3BL) approach in supporting social enterprise development. This approach enables social enterprises to manage their economic, social, and environmental impact. FSSI supports social enterprises by providing financial and technical services that enables them to achieve their profit, people and planet bottom lines. FSSI has a range of products and services that include equities, loans, deposits, and grants, as well as business development support services.

Job Summary

Directly in charge of the Foundation’s financial resources for operations: governance bodies (General Assembly, Board of Trustees and committees), management and secretariat (FSSI management and staff), and general administration.

The Finance Manager is responsible for accounting and internal control of the Foundation’s assets and real properties (including resources acquired from its development financing operations), commercial portfolio, and cash resources and account maintenance.

Key Result Areas

  1. Budgeting/Budget Monitoring
  2. Accounting and Internal Control
  3. Monitoring of Investments & Performance of Fund Managers of the Commercial Portfolio
  4. Custodianship
  5. External Audit
  6. Monitoring of Financial Assets Acquired and Accounts Recovery
  7. Unit Administration
  8. General Coordination and/ or BOT/ Committee Secretariat

Qualification Requirements

Education

Bachelor’s degree in Accounting and a Certified Public Accountant

Experience

At least 5 years’ experience in comptrollership, treasury/ cash management, investments and credit management in a supervisory capacity.

Competencies Required

1. Technical Competencies

  • Proficient in the use of utilizing software applications on numbers processing and spreadsheets software 
  • Working knowledge of banking, labour and taxation laws and rules, accounting principles; current economic market conditions;
  • Accounting and bookkeeping principles and practices;
  • Fund management and budgeting skills
  • Financial analysis, monitoring and evaluation

2. Project Management Skills

3. Cost – Benefit Analysis Skills

4. Partnership Building & Networking Skills

5. Proficient in the use of MS Office applications (MS Word, Excel, PowerPoint)

Application Process

Interested applicants may tender an application letter addressed to the HR and Administration Manager with their curriculum vitae and submit to:

The HR and Administration Unit

Foundation for a Sustainable Society, Inc.

46-E Eugenio Lopez Street corner Samar Avenue

South Triangle, Quezon City

fssi.recruitment@gmail.com

Deadline for submission of application is Friday, 28 May 2021.

FSSI will reply to shortlisted applicants only.

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What's New in FSSI

FSSI is pleased to announce the election of Engr. Sylvia ‘Ibing’ Paraguya as its new Board of Trustees’ Chairperson.

Ms. Ibing is the Chief Executive Officer of the National Confederation of Cooperatives (Natcco). Before her election as chairperson, Ms. Ibing was FSSI’s Treasurer and led its Investment and Finance Committee. She has been active in FSSI for many years, and first represented MASS-SPECC Cooperative Development Center (MASS-SPECC) in the General Assembly in 2001.

Mr. Nestor Carbonera of Philippine Partnership for the Development of  Human Resources in Rural Areas (PhilDHRRA) and Mr. Joe Detablan of VICTO National (VICTO) were elected as new members of the FSSI Board of Trustees. Also elected as officers of FSSI are Mr. Larry Millan of the National Council of Churches in the Philippines (NCCP) as Vice Chairperson; Mr. Rey Laguda of Philippine Business for Social Progress (PBSP) as Treasurer and Investment and Finance Committee Chairperson; Ms. Tetay Plantilla of the Federation of People’s Sustainable Development Cooperative, Inc. (FPSDC) as Secretary; and Ms. Agnes Bolanos of Mindanao Coalition of Development NGO Networks (Mincode) as Auditor and Projects Committee Chairperson. Mr. Carbonera and Mr. Detablan were also elected as chairpersons of the Internal Affairs Committee and the Committee on Education and Advocacy, respectively.

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What's New in FSSI

The COVID-19 pandemic has resulted in unprecedented health, economic, and social crisis affecting the most vulnerable sectors. Social enterprises will be critical to our COVID-19 response and recovery. 

Social enterprises, like every other form of business, have been affected and are among the worst hit by the pandemic, and often with people who need the most support. But despite not having systemic government assistance, many social enterprises have survived and adopted measures to respond and pursue innovations to help local communities adapt and recover.  

Social enterprises have proven to be effective models in creating employment and scalable local productivity, and building the capacities of poor communities in managing their resources. They not only try to fill gaps and serve needs, but also enable local communities to become agents of their own change.   

With the COVID-19 crisis, social enterprises have had to grapple with recovery even as they continue to pursue their social mission. When the pandemic threw markets into disarray, social enterprises stepped in as partners to support communities and local governments and spearheaded efforts to mitigate the effects of the pandemic – from the delivery of essential services to providing humanitarian relief.   

The disruption caused by the pandemic has highlighted the need to strengthen and support social enterprises and create an enabling environment for them to prosper. It is time to bring them from the sidelines to the front lines in terms of decision and policy-making and allocation of resources. Social enterprises will create jobs, come up with solutions to global challenges, and accelerate sustainable business practices.   

Towards building back fairer, the PRESENT Coalition has embarked on various platforms to assist social enterprises recover in pursuit of food security, health and decent work for all, women’s economic empowerment and resilient and sustainable communities.  Social enterprises need an enabling environment and support programs that the government can and should provide, as embodied in the Poverty Reduction through Social Entrepreneurship (PRESENT) Bill.  

The PRESENT Bill primarily aims to acknowledge and support social enterprises for their role in poverty reduction. It includes incentives and a governing body that will create an enabling environment for them to thrive and lift more people out of poverty.  

Support the call to pass the PRESENT Bill now. Sign the petition here 

I. What are Social Enterprises? 
 
A social enterprise or SE refers to primarily a social mission-driven wealth-creating organization, however organized, including non-stock or non-profit non-government organizations (NGOs), people’s organizations (POs), foundations, associations, cooperatives, sole proprietorships, partnerships, and corporations, established to improve societal well-being as well as ecological sustainability. A social enterprise for purposes of the proposed PRESENT Act shall also mean a Social Enterprise with Marginalized Sectors as Primary Stakeholders (SEMPS).  

II. Key Features of the PRESENT Bill 
 
1. Recognition of Social Enterprises (SEMPS) 

SEMPS are social enterprises that explicitly declare and pursue poverty reduction or improving the quality of life of specific segments of marginalized sectors as a principal objective. A SEMPS engages and invests in the poor to become effective workers, suppliers, clients, and/or owners, and ensures that a substantive part of the wealth created by the enterprise is distributed to them. In addition to reinvesting its surplus or profits back towards the fulfillment of its social mission in a sustainable way, a SEMPS also uses its surplus or profits and mobilizes other resources to assist the poor to become partners in SE or value chain management/ governance and to become partners in community, sectoral and societal transformation. 

 2. National PRESENT Program: strategic economic sub-sectors as units of planning  
The planning framework of the PRESENT Program and its planning process shall ensure that the marginalized sectors are engaged as primary stakeholders. It shall add value and complement ecosystem-based, area-based, community-based and other tools and processes in local economic development by promoting and utilizing the economic subsector as a strategic unit of analysis and planning SE development interventions.  
 
The PRESENT Program shall identify and develop key SEMPS and resource institutions as partners in strategic economic subsectors that have the potential for growth and where large numbers of the poor are concentrated.  SEMPs shall be developed as vehicles to ensure that the marginalized sectors benefit the most from sustainable subsector development. 

3. Qualification of SEMPS  

To qualify for the benefits and incentives provided for in this Act, the SE shall: 

  • Provide or facilitate the provision of a combination of transactional and/or transformational services to improve the position and benefits derived by the poor from the SE and the value chain or economic subsector where the SE is located; 
  • Invest a substantive part of its surplus, profits or mobilize other resources to assist the poor to become partners in SE or value chain management/governance and/or to become partners in community, sectoral and societal transformation 
  • Make a proactive contribution to resolving social and environmental problems and generate profit or surplus with due regard to social and environmental costs 
  • Be engaged in economic activity within the sectors of agriculture and fisheries, industry and services which, for purposes of this Act, shall refer to an activity in any of the economic subsectors 
  • Ensure that a substantive part of the wealth created by the enterprise is distributed to the poor in the form of services, dividends and other forms of benefits, and payments and incentives for products or services rendered consistent with the principles of fair trade 
  • Be duly registered with the appropriate agencies as provided under the Corporation Code or the Cooperative Code of the Philippines, Magna Carta for Micro, Small and Medium Enterprises, Barangay Micro Business Enterprises Act, Microfinance NGOs’ Act, and other laws 

4. SE Support Programs 

  • SE Capability Building and Sustainability Program  
  • Social Enterprise Recovery and Rehabilitation Fund for financing programs and projects supporting adaptation and resilience of social enterprises, including stimulus grants 

5. Incentives for SEs and Social Investors  

  • Special Credit Windows with non-collateralized loans  
  • Grants to qualified social enterprises and resource institutions   
  • Strengthening of the Agriculture and Fisheries Credit Policy  
  • Exemption from payment of VAT, tariff, and duties for the importation of all types of product inputs, equipment, machinery, implements, and spare parts 

 6. Appropriate government structure  

  • The Department of Trade and Industry (DTI) to serve as the central planning, coordinating, implementing and monitoring body of the program 
  • Creation of a Social Enterprise Development Council (SEDC) attached to DTI to carry out the policy under the Act 
  • Establishment of a National Center for Social Enterprise Development (NCSED) under the SEDC which shall 1.) Provide SEMPs with capability-training and education through the Social Enterprise Capability Building and Sustainability Program; 2.) Develop and enhance a research and development system which shall equip every SE with innovative and sustainable approaches; 3.) Manage a Social Enterprise Marketing Assistance Program (SMAP); 4.) Implement Capability Building Projects as approved by the Council  

7. A budget that supports the PRESENT Program and SE development through hybrid financing 
Hybrid financing shall refer to the combination of grants with loans and other financial instruments to support the unique nature of SEs as wealth-creating organizations that pursue social missions to improve societal well-being – in ways that are ecologically and financially sustainable.  

Help support the call to pass the PRESENT Bill now.

Sign the petition:  

https://www.change.org/passthepresentbillnow

For updates, follow the PRESENT Coalition here

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Newsletter, What's New in FSSI

Impact enterprises solving the most urgent social and environmental challenges through market-based models are important actors in the socio-development landscape. Geared towards the development of products and services that address the fundamental problems of poverty and sustainable development, they solve social problems by challenging traditions, combining creativity with intelligence.  

In the Philippines, social enterprises serving the poor are often pioneers, facing challenges and risks referred to as the “pioneer gap.” These challenges include difficulties in the operating environment, finding resources and raising capital, and growing their business with few investors willing to finance to absorb the risks involved in pioneering new business models. As a result, many of these enterprises fail because of lack of support, not just financial but also mentorship, to enable them to make it to a later stage. Impact investing targets to bridge these gaps.   

The Pioneer Gap – Courtesy of Impact Pioneers Network

With the mission to leapfrog the impact entrepreneurial ecosystem in the Philippines, social enterprise incubator xchange has partnered with India’s Villgro. Villgro and xchange have combined decades of experience in investing in impact entrepreneurs to address gaps in the Philippine ecosystem. Villgro is India’s oldest and one of the world’s largest social enterprise incubators. xchange is an incubator in the Philippines that invests in early-stage social enterprises while providing tailored mentorship and support to help them achieve scale. Together, they designed and developed the Impact Pioneer model that would encourage collaboration with other individuals and organizations or “impact pioneers” who believe that entrepreneurship is a key tool in solving social and environmental challenges.  

In its first year, the network will focus on building resilience during the pandemic economy by providing a variety of investments including zero-interest loans and quasi-equity through a Resilience Fund, as well as six months of tailored support to build resilience and to adapt their models for a recession year. It is also expected to launch new services for enterprises and impact pioneers, while continuing to grow the network of individuals and institutions and engage the larger ecosystem.  

The network’s priority sectors are agriculture and fisheries, climate crisis, education and employment, and affordable healthcare. It will adopt a gender lens in all aspects of its operations and will actively source enterprises which impact the lives of women and girls.   

You can learn more about the Impact Pioneers Network here. Also check out this guide on angel investing by infoDev.

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What's New in FSSI

The Foundation for a Sustainable Society, Inc. (FSSI) has signed a five-year partnership with the Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA) to collaborate in capacity building, advocacy, and research efforts to support inclusive agricultural and rural development.   

Founded in 1966, SEARCA is a center of excellence in agricultural and rural development. It is the oldest among 26 specialist institutions in Southeast Asia. The organization has recently embarked on a five-year strategic plan that emphasizes focus on elevating the quality of life of agricultural families through sustainable livelihoods and access to modern networks and innovative markets.  

“FSSI’s five-year Strategic Plan is closely aligned with SEARCA’s in terms of our desired impact on local communities, especially the agriculture sector. We look forward to collaborating with SEARCA to support inclusive agricultural and rural development,” said FSSI Executive Director Sixto Donato C. Macasaet.   

The areas of collaboration between FSSI and SEARCA include capacity building, including training on best practices and lessons learned specific to agri-enterprise development and sustainability, sustainable finance, and access to credit; research, including participation of FSSI-supported agri-enterprises in pilot studies and technology transfer, as well as value chain specific agri-research; and advocacy, specifically on awareness raising on strategies that will build the triple bottom lines or enterprise sustainability awareness. 

Agriculture remains an important sector of the Philippine economy. However, agricultural yield and area have been on a steady decline through the years, not only in the Philippines but all over the Southeast Asian region. To help address this, governments have been adopting policies focused on business incubation and information and technology advancement.  

FSSI is set to launch its accelerator program, the Sustainable Agri Enterprise Impact Lab or SAIL.  This is closely aligned with SEARCA’s InnovEIGhts project, an agribusiness incubation program envisioned to establish and develop the agri-and rural sector through technology development and transfer. 

FSSI is a social investment organization committed to support the development of sustainable communities through social entrepreneurship. It supports enterprises with People, Planet, and Profit objectives, also known as the triple bottom lines (3BL), through financial and capacity building services. 

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Newsletter

Cautious Optimism and Perseverance in 2021  

Sixto Donato C. Macasaet

We’re now two months into 2021; how are you with your resolutions and intentions for the year?  

2020 was fraught with challenges, including the crippling effects of the COVID-19 pandemic and destructive typhoons that hit parts of the country. Yet, optimism remains. A Pulse Asia survey released in December last year revealed that 9 out of 10 Filipinos are optimistic about 2021, a sentiment shared across populations in geographic areas and socio-economic grouping. 

With significant progress in the development of COVID-19 vaccines, the economy expected to regain its momentum, and programs in the pipeline to assist in the recovery, there is cautious optimism that 2021 is the year that we start to rebuild. We are hopeful – with a sense of readiness for difficulties that lie ahead. Hence, we persevere.  
 

At FSSI, we are looking forward to be part of the solutions, even as we deal with challenges that COVID-19 has brought upon us.  

We have recently joined the Impact Pioneers Network, a first-of-its-kind angel investing network in the Philippines to catalyze local capital to exclusively support impact-first enterprises with potential to grow and create social impact at scale. In its first year, the network will focus on building resilience during the pandemic economy by providing a variety of investments and tailored support for social enterprises to adapt to the recession year.  
 

We have also launched a partnership with the Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA) to collaborate in capacity building, advocacy, and research efforts to support inclusive agricultural and rural development.   
 

As an organization built upon the collaboration of various civil society organizations and government, we believe in the importance of partnerships and working together as we navigate the road to recovery and resilience.   
 

I would also like to take this opportunity to enjoin you all to support the PRESENT Coalition’s campaign to pass the Poverty Reduction through Social Entrepreneurship (PRESENT) Bill. On Friday, February 26, the coalition will be launching the PRESENT Bill Petition Campaign to raise 1 million signatures to support the bill’s enactment into law. You can support the campaign by signing the petition here: https://www.change.org/passthepresentbillnow  
 

I look forward to seeing many of you in future events. May you and your loved ones always be healthy and hopeful.

Dodo

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What's New in FSSI

BACKGROUND

The Foundation for a Sustainable Society, Inc. (FSSI) is a social investment organization committed to support the development of sustainable communities through social entrepreneurship. Since 1995, we have  been supporting  social enterprises across the Philippines through loans and capacity building. Our organization promotes the triple bottom line (3BL): social equity, environmental protection, and economic development, also referred to as three P’s or PEOPLE, PLANET, PROFIT.  

SUMMARY OF TASKS AND QUALIFICATIONS:

FSSI is in need of interns for the organization and digitization of its library. S/he will report to the Knowledge Management, Advocacy, and Communications (KMAC) Unit.

Main Responsibilities:
  • Conduct of inventory and classification of reference materials;  
  • Assist in the cataloging, de-duplication of records, and other improvements 
  • Organize and offer library instruction for library users; and 
  • Support in the digitization of information materials, photographs, and other content 
Competencies: 
  • Completed subjects or demonstrated competence in library and information science 
  • Familiar with library classification systems and database management  
  • Working knowledge of basic computer tools such as Microsoft Word, Excel, and SharePoint 
  • Resourceful, detail-oriented, and proactive

PERIOD OF ASSIGNMENT

At least 300 hours between March and December 2021 

Please note that FSSI provides a daily modest stipend. Interns may choose to continue to work beyond the 300 hours in agreement with the designated supervisor.  

LOCATION

FSSI Office at 46-E Eugenio Lopez Street, near corner Samar Avenue, Quezon City  

APPLICATION REQUIREMENTS

  1. Proof of enrolment with inclusive dates to confirm that you will be enrolled during the intended period of assignment 
  2. Endorsement from school or instructor 
  3. Resume 

Interested applicants can email their requirements to fssi@fssi.com.ph with the subject line “FSSI Internship” 

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