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16 August 2024 – ADEC Innovations is pleased to announce the appointment of Joseph Favata as the company’s Global Chief Marketing Officer (CMO). Joe will be a key strategic driver for the “One ADEC, One Voice” vision and initiatives.
Joe brings extensive marketing and leadership experience across healthcare, outsourcing, finance, technology and impact-focused solutions. His expertise encompasses brand management, marketing strategy, digital and field marketing and market research.
In his previous leadership roles, Joe served as Chief Vision Officer at Nickel City Sage and Chief Marketing Officer & Vice President at Acclara. He also held various leadership positions within the Healthcare Financial Management Association (HFMA), currently serving as a President-Elect for the Empire NY Chapter and Sponsorship Chair for Region 2.
Joe’s passion for sustainability and commitment to helping organizations articulate their missions and drive positive change align perfectly with ADEC Innovations’ core values.
Upon his appointment, Joseph Favata commented, “I am incredibly excited about the opportunity to work alongside brilliant minds and notable brands. Together we aim to provide impactful solutions for our industries and the environment.”
Joe’s extensive background supports ADEC Innovations’ goal to drive progress and deliver results across our various businesses. His leadership will be instrumental in advancing our #OneADEC vision, fostering unity, collaboration and impactful innovation. We are thrilled to welcome Joe to the ADEC Innovations team and look forward to the expertise and vision he will bring to our organization.
7 May 2024 – ADEC Innovations announces the appointment of Brenden Faber as the new Chief Operating Officer (COO) of the group, effective April 22, 2024. As we continue to grow and evolve as a Global Business Services (GBS) organization, it is essential that we build connectivity and solidify our unified approach to the market. Brenden’s joining ADEC Innovations marks another significant step towards our ‘One ADEC, One Voice’ initiative.
Brenden brings a wealth of experience in operational excellence and strategic leadership, aligning with our objective to accelerate progress and deliver results from across our various businesses.
Brenden previously served as President of First American Exchange for 18 years. He also took up various senior leadership roles and First American Title Insurance Company-National Commercial Services, Commercial Due Diligence Services, and First Security Business Bank. Brenden holds a Juris Doctor degree from Gonzaga University School of Law and a bachelor’s degree in finance from the University of Utah.
London, 9 February 2024 – ADEC Innovations, a leader in global business services focused on Sustainability, Environmental Social and Governance (ESG), Resiliency, Adaptability, and Impact, proudly announces its membership with Impact Sourcing Alliance, furthering its commitment to driving positive social change through sustainable business practices.
“Impact is a central tenet of our brand and our product and service offerings. Impact sourcing, the practice of intentionally hiring and providing career development opportunities to individuals who otherwise have limited prospects for formal employment, aligns perfectly with our core values of social responsibility and sustainability. Being a member of Impact Sourcing Alliance, ADEC Innovations aims to contribute to the network of companies dedicated to leveraging the power of impact sourcing to create opportunities for marginalized communities worldwide,” says ADEC Innovations co-founder and Group CEO Jim Donovan.
“The Impact Sourcing model continues to gain traction as more companies recognize the potential of impact sourcing not only to improve their bottom line but also to create positive and social impact by providing employment opportunities to marginalized groups, be it rural communities, unemployed youth, single parents and differently abled individuals,” explains Matt Clarke, Director of Workforce Solutions at ADEC Innovations.
ADEC Innovations’ Impact Sourcing hub in Kenya, which provides employment to around 279 local residents is a prime example of Impact Sourcing in action; Matt adds, “Our Kenya operation provides people from local communities, including many from rural backgrounds, with long-term employment opportunities, skills development and economic growth. We look forward to showing the benefits of Impact Sourcing, sharing experiences and best practices from this hub and our other global locations to the rest of the impact sourcing community.”
Working with providers and partners like ADEC Innovations, the Impact Sourcing Alliance will showcase best practices, success stories, frameworks and methodologies of the community on Impact Sourcing.
Committed to sustainable development and Impact Sourcing, ADEC Innovations has over 40 years of group experience in professional services, enterprise technology, workforce solutions and impact solutions. For more information, contact us.
Find out more about the Impact Sourcing Alliance.
London, 16 January 2024 – The growing interest in sustainable and responsible business factors is driving the widespread adoption of impact sourcing amongst enterprises and providers. That’s according to the Impact Sourcing State of the Market 2023, Everest Group, 2023
The report provides a comprehensive analysis of the current state of the market, unpacking the concept of impact sourcing, the impact sourcing landscape, provides perspectives from both provider side (talent management) and buyer side (what buyers are seeking), and forecasts an outlook for the industry in 2024.
ADEC Innovations has a long history of creating employment opportunities for remote and underprivileged communities both onshore and offshore, and as an impact sourcing provider, we’re proud to be mentioned in the report as an impact sourcing specialist.
Impact sourcing speaks directly to our brand values to drive organizational value and deliver impact, for our clients and the communities in which we operate.
We remain committed to sustainable development and developing our impact sourcing initiatives and, as such, are expanding our delivery capabilities by opening new centres. For more information, contact us.
Read the full report: Impact Sourcing State of the Market 2023, Everest Group, 2023
The independent research and advisory firm Verdantix has researched the carbon management solutions market, to help clients understand how end-to-end solutions can support their emissions management, reporting and reduction activities, and meet the requirements of disclosure regulations and decarbonization targets.As a result1, Verdantix defines ADEC Innovations as “a strong fit for firms tackling complex supply chain emissions”, and as a “supply chain specialist, with particular strengths and flexibility in emissions data acquisition and management”.
Verdantix research shows that firms’ IT leaders are eager to partner with sustainability leaders, but lack the time and resources to deliver; for these kinds of organizations, ADEC’s combination of custom software and manpower is particularly compelling. Read the full case study about ADEC Innovations
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1 Verdantix, ADEC Innovations Targets Complex Supply Chain Management Needs, December 2023
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Conklin, New York, October 18, 2023 – ADEC Innovations, a global leader in environmental, social, and governance (ESG) solutions, is pleased to announce the expansion of its trusted property risk assessment tool, “RiskFacts,” into the comprehensive property risk platform “ADEC SiteRisk.” This evolution comes in response to the changing landscape of the commercial real estate industry, warranting a more robust property risk assessment and management program amongst industry players.
The commercial real estate industry has been experiencing remarkable activity and changes – from shifting workplace expectations and practices, rising interest rates, increasing climate change impacts and other environmental risks, etc. All these emphasize the essential need for reliable risk assessment tools.
Regulatory changes proposed by the U.S. Environmental Protection Agency (EPA) further underscore the critical importance of better risk assessment and management in the industry. A recent study published in the journal Nature Climate Change indicated that the U.S. real estate market may be overvalued due to unrealized environmental risks, likewise highlighting the significance of comprehensive property risk assessment.
ADEC SiteRisk represents a significant enhancement in the field of property risk management. The platform offers a comprehensive suite of solutions, to efficiently respond to the growing industry challenges and its ever-evolving landscape. ADEC SiteRisk solutions include the following:
- Risk Reporting Capabilities: ADEC SiteRisk offers specific services for environmental property risk assessment, including Phase I Environmental Site Assessments (ESA), Records Search and Risk Assessment (RSRA), Environmental Professional (EP) Opinions, and Property Risk Reports.
- Environmental Database Expansion: Users can now evaluate properties against government environmental databases, accessing millions of records from over 2,000 databases.
- Portfolio Monitoring: ADEC SiteRisk empowers clients to monitor their current property portfolio holdings and evaluate critical changes in database findings.
- Customizable Views: Building on RiskFacts’ features, users can continue to tailor the information they receive about a subject property.
- Property Risk Reports: ADEC SiteRisk’s Property Risk Reports provide an essential evaluation of a site and help determine what further assessments or mitigation strategies are needed to create sustainable, resilient solutions to property environmental threats.
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What is Impact Sourcing?
The meaning of Impact Sourcing has evolved since the term emerged in the early 2000s. In a nutshell, Impact Sourcing is a talent-sourcing approach that creates employment opportunities for individuals with otherwise limited economic opportunities.
Because the concept overlaps with similar ideas, like socially responsible outsourcing, it has evolved beyond its original focus. Now it encompasses broader social and impact goals, including gender equality and supporting local communities.
Impact Sourcing encompasses offshore and in-country sourcing. Offshore the model often generates jobs for marginalised individuals in emerging economies (e.g., India, Kenya, the Philippines, Zimbabwe and more)
The in-country approach includes creating employment by bringing operations to areas with low employment or employing from marginalised groups, like long-term unemployed, veterans and people with at-home care responsibilities.
Recently, the definition of Impact Sourcing has come under debate (and rightly so). The challenge of outlining a set of parameters which are prescriptive yet open to a range of applications has led to hurdles in its success measurement. As James Donovan, Group CEO of ADEC Innovations, a business process outsourcer (BPO) with an Impact Sourcing focus, reflected in a post following IAOP’s Outsourcing World Summit in 2023 – “Is Impact Sourcing about numbers? Is it about pure philanthropy?”.
Grasping the history and evolution of Impact Sourcing approaches can help shape our understanding of the current and future applications.
History of Impact Sourcing
The concepts linked to Impact Sourcing have been around for several decades. Back in the 1970s, the practice of “rural sourcing” emerged in the US to provide employment opportunities to individuals in rural areas, and since then, the concept has grown.
The 2000s – The term emerges
In the years preceding the 2000s, offshoring gained ground with outsourcing partners establishing centres in countries like India and the Philippines.
The primary driver for offshoring was to deliver operational cost reduction without compromising service quality or customer satisfaction. Moving work offshore gave rise to millions of new skilled jobs, enhancing economic conditions for workers, families, and communities and fostering a burgeoning middle class.
This era birthed Impact Sourcing – a strategic approach that intentionally utilises sourcing tactics to channel these economic gains for widespread positive impact.
The term “Impact Sourcing” was coined by the Rockefeller Foundation to describe this more intentional approach to employment that prioritises social impact.
The 2010s – The development
In addition to global work, the foundation supports the development of the outsourcing sector in Africa by providing job matching to help connect skilled youth and employers and supporting the business environment in countries to make them better places for outsourcing.
- 2012s – The United Nations Global Compact launches the Business Call to Action, which encourages companies to commit to inclusive business models, including impact sourcing.
- 2013 – Digital Jobs Africa Launched by Rockefeller Foundation
- 2016 – The Global Impact Sourcing Coalition (GISC) is established to promote the practice of Impact Sourcing and help organisations measure and report on their social impact.
- The Outsourcing Industry and Entrepreneurship Summit (OIES) is held in Kenya to promote Impact Sourcing as a tool for economic development in Africa.
- 2018 – The World Bank releases a report on the potential of Impact Sourcing to create jobs and reduce poverty in developing countries.
- ADEC Workforce set up operations delivering back-office, data entry and image annotation solutions in Kenya and the Philippines. Bringing employment and training to individuals in more rural areas by opening offices outside of tier 1 cities.
- CloudFactory was set up to connect people in developing countries to digital work, thereby creating economic and social impact.
- Daproim Africa started offering data entry, transcription, and digitization services while creating jobs for disadvantaged individuals in Kenya.
- DDD set up Impact Sourcing Service in several countries, providing data entry, content moderation, and other services while creating jobs for marginalized individuals.
- Samasource gained prominence for providing digital work opportunities to marginalized communities in countries such as Kenya, Uganda, and India.
- 2020 – the Impact Sourcing Champions Index start being applied to assess the number of workers employed, the quality of the jobs created, and the level of engagement with stakeholders.
- 2022 – Analyst interest picks up as Everest publishes a report on The Growing Need for Inclusive Talent Models: Learning from Impact Sourcing Specialists
- 2023 – Global Sourcing Association, in collaboration with IAOP, started to work towards the Global Sourcing Standard within social sourcing, which aims to create more inclusive and balanced impact sourcing.
- 2023 – Intelligent Sourcing introduces The Impact Sourcing Alliance, a resource for senior sourcing professionals looking for more information, vendors and connections in all areas of Impact Sourcing.
