B-Symbiotic embeds social and environmental impact directly into existing business procurement and distribution channels through a "Social Impact as a Service" model. The platform seamlessly integrates into current operations, allowing companies to support UN Sustainable Development Goals causes by redistributing a portion of transaction commissions. This mechanism enables businesses to achieve impact alignment without altering their established workflows or incurring additional costs.
Funding
Funding not disclosed
Founders
Product
Problem
Many organizations struggle to meet their Environmental, Social, and Governance (ESG) and Corporate Social Responsibility (CSR) goals due to the difficulty in tracking and proving the social impact of their procurement and distribution processes. Existing solutions are often costly, hard to implement, and lack transparency, hindering businesses from effectively contributing to a more sustainable future.
Solution
Symbiotic offers a "Social Impact as a Service" (SIaaS) platform that embeds philanthropy into every transaction, enabling businesses to seamlessly integrate social responsibility into their existing procurement and distribution processes. The platform connects socially-inclined buyers with socially-oriented suppliers, redirecting a portion of the commission earned to a non-profit organization chosen by the buyer. By leveraging blockchain technology, Symbiotic provides transparent accounting for ESG reporting, issuing unique NFTs for each transaction to document the social impact and track financial support to designated charities aligned with the UN Sustainable Development Goals (SDGs). This approach allows businesses to achieve their ESG and CSR goals without additional effort or cost, fostering a shift towards conscious capitalism.
Target Audience
Symbiotic primarily targets businesses looking to enhance their ESG compliance and CSR initiatives, as well as non-profit organizations seeking alternative funding sources.
Features
- Cloud-based platform connecting buyers, sellers, and non-profit organizations
- AI/ML functionality for matching and connecting aligned opportunities between buyers and sellers
- Margin redistribution mechanism that directs a percentage of each transaction to a social impact partner chosen by the buyer
- Blockchain-based smart contracts for transparently tracking and documenting embedded philanthropy
- NFT issuance for each transaction, showcasing customer's financial support to chosen NGO and correlating SDG
- Gratitude program that generates marketing collateral for buyers and sellers, contributing to customer retention and upsell
- Vendor interface/API for deeper co-marketing, branding, and sales registration/teaming