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Audible casestudy (1) (1)

Equity, Racial Justice, and Economic Empowerment

Listening and working with the community.
Corporate

Audible

Audible is a U.S.-based audiobook and podcast service that allows users to purchase and listen to audiobooks and other spoken-word content online. Audible is the largest audiobook producer and retailer in the United States. Audible is a subsidiary of Amazaon.com, Inc, headquartered in Newark, New Jersey.

Audible
Corporate Social Impact

Impact Learning

We have examined how an approach based on collaboration and partnership creates economic development for all.

  • How can you meaningfully engage all of your stakeholders, including employees?
  • How a business can positively affect the cities they call home.
  • How can you create an inclusive approach to economic development?
Engagement of Audible with Sopact

Building IMM Capacity

Challenges before Sopact engagement

    • Audible

      - Audible has multiple programs in the community that need alignment to the business value pillars.

      - Audible is starting a pilot program leveraging Audible’s Newark Now debit card created with MoCaFi to support students and families at risk of food insecurity. It needs to have an impact framework defined from the beginning instead of evaluating it after the fact.

      - Audible needs a program-level dashboard to make strategic decisions for initiatives such as Newark creating jobs, sustaining businesses, and attracting foot traffic resulting in economic empowerment.

Impact journey after engagement with Sopact

  • Conducted an impact experiment for a pilot program Audible Bucks.
  • Conducted end-to-end impact management from strategy, metrics, and data collection and built a dynamic dashboard within four months.
  • In process of aligning all the other programs  to business core values 
  • Able to connect all of the programs to the four core focus areas and three core value pillars of race, equity, and economic empowerment through Sopact impact advisory and Impact Cloud®.
  • In process of decision-making dashboard for resource allocation with continuous impact learning
Impact Experiments with Sopact

Audible has three pillars of business core value, Race, Equity, and Economic Empowerment of the community. The goal is to align all internal programs to the business value and continuous learning with data-driven decision-making capacity. Sopact helped Audible start with one program as an Impact Experiment serving as a pilot and learning will help to scale.

how we do it

Case Study

CSR Programs

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