Dear NuSocia Patrons,
The year 2021-22 has been a year of growth for us at NuSocia where we were able to serve our clients across the far flung parts of the country and in variety of projects ranging from policy advisory, strategic CSR process design, impact evaluation of some very interesting projects across post disaster projects, financial inclusion projects and agricultural projects. This was backed by us reaching to top50 of the Women Startup Program at IIMB-NSRCEL and being the only start-up from the Impact advisory domain.
All this has become possible because each member of the team NuSocia has delivered beyond 100% and with passion which also resulted in the trust shown by our valued patrons and clients.
We have started this new financial year with our Annual NuSocia Thought Sumit in the month of April. Besides the detailed strategy planning, the highlight of the summit was a session from Hon'ble Biju Dominic who the Mint Newspaper has profiled as "The new think tank" of India. His session and suggestions became a lighthouse for our future direction. The summit focussed on our aim to continually keep bridging the gap between awareness and actions to create long-term value, differentiated solutions, and continue to earn the confidence of our client partners.
Essential Reads
We are pleased to share that our advisor Paul Klein has recently been recognised as one of the world’s leading change makers. A well-deserved recognition for over two decades of work in the impact sector.
Rightfully so, our recommended read for this month is Paul’s ‘Change for Good’. With Change for Good, Paul Klein undoubtedly shows a new and promising strategy for how businesses can shift from taking passive corporate social responsibility to contributing to active and intentional societal change. CHECK HERE
India Eases Green Rules for Coal Mines to Tackle Fuel Crisis. Is it boon or bane?
Recently, India has eased environmental approvals for coal mine expansions to boost output amid fuel shortages. The environment ministry’s exemption is valid for mines that have already won approvals to expand output by 40% and will allow them to produce as much as 50% more than the original planned capacity. "The long-term solution is to build more renewable energy,” according to Vibhuti Garg, an energy economist at the Institute for Energy Economics and Financial Analysis. READ MORE
Formidable Human-AI Relations Can Accelerate Sustainability Efforts
Artificial Intelligence (AI) is advanced enough to work in harmony with humans, combining powers to fast-track large-scale efforts to make real change when it comes to environmental sustainability, resource preservation and waste reduction. READ MORE
NuSocia Spotlight
In this episode we bring to you an impact assessment study that we conducted in the flood affected parts of Dakshin Karnataka and Kodagu Districts
NuSocia research team led by one of the co-founders of NuSocia along with locally experienced resources, conducted primary research with a mixed-method approach of both qualitative and quantitative techniques. Proportional stratified random sampling was used to survey beneficiaries. In addition, six focused group discussions with participants from each trade, and key informant interviews with various stakeholders were conducted, consistently maintaining gender balance.
Despite having challenges posed by hilly terrain with absence of mobile network and local language barrier, NuSocia team was able to reach out to the last mile beneficiaries, covering long distances by foot and took extra due diligence in deciphering the content.
The research observed that the project undertaken by our client had supported the beneficiaries in surviving the post-disaster phase by enabling Income diversification opportunities without needing to displace them.
Adding further value to this project, NuSocia recommended improved sustainability of intervention, which was proactively accepted by the decision makers.
The NuSocia team internalised best practices of this project, such as discrepancy in cultural nuances, languages etc. and keeping head room for dealing with unforeseen project risks. Accordingly, recommending the scale up activities to NuSocia partners.
I hope that you enjoyed reading this newsletter. I look forward to your feedback and suggestions to make it more meaningful and insightful.
Regards,
Manju Menon
Co-Founder & CEO, NuSocia