"...the concept of Shared Value sets itself apart from frameworks like philanthropy and corporate social responsibility (CSR). The key distinguishing feature of Shared Value is that it aims to address social and environmental problems through company’s core business, rather than as a separate side project. Sustainability and human rights are not add-ons or compliance tasks but part of a corporate strategy. It’s the old business case argument on steroids.

From Oxfam’s perspective, the motivation behind Shared Value, to better align core business and social impact, is an ambition we agree with. For too long, we have struggled to move attention to social issues out of niche sustainability departments and onto the agenda of corporate executives. Nevertheless, the discussion at the Shared Value Summit left me with more questions than answers."

"[This guide] explains the Blended Finance opportunity and offers a framework for starting or scaling up activities for a range of development funder audiences. Each organization’s mission, motivations, staff profile, and operating context are, of course, unique. As there is no “one size fits all” method to adopting a Blended Finance approach, the framework provided in this document will need to be tailored to fit your own organization’s needs. This Guide has used the experience of the Canadian Department of Foreign Affairs, Trade and Development to illustrate ‘real world’ examples of how this process can be employed, but their experience will need to be adapted for your own context. The purpose of this document is to help your organization set goals to engage in Blended Finance and realize an action plan for successful implementation. Development funders can draw on a range of tools to engage private capital providers through Blended Finance."

Read the guide here

Source details: ReDesigning Development Finance Initiative A joint initiative of the World Economic Forum and the OECD, Sept 2015, http://www3.weforum.org

"The South African Business Development Services Provider1 (BDSP) space is active and growing. According to ANDE South Africa’s Entrepreneurial Ecosystem map, there were almost 150 BDSPs2 supporting entrepreneurs in 2017, with estimates exceeding this figure. National development and transformation priorities, coupled with global trends, have seen a proliferation of these programmes in South Africa, yet little is known about their effectiveness and uniqueness in the South African context. In an effort to deepen understanding of the incubator and accelerator landscape in South Africa, ANDE hosted a series of breakfast roundtables in Johannesburg and Cape Town in 2017 and 2018. This document presents an overview of the key findings of the roundtables and provides recommendations for further research.

Absa’s new strategy reflects our African identity. We are firmly committed to playing a shaping role in society.

 Bringing possibilities to life: Absa’s new strategy

The Absa group embarked on a journey to become a fundamentally different, disruptive and digitally led bank; making some critical choices that shape the business and brand strategies. One of the key decisions is for the business to become an active force for good in society. With that, our new purpose and strategy, at the heart of which is growth, will be driven through three strategic priorities and three enablers, one of which is playing a shaping role in society.

 

The AECI Wise Wayz Water Care (WWWC) programme started in 2016 and is based in the Mbokodweni catchment area, working with 122 members of the Folweni and Ezimbokodweni communities in eThekwini, KwaZulu-Natal. WWWC promotes healthy natural environments through water and food security, while also developing community skillsets and sustainable livelihoods in historically disadvantaged communities. WWWC keeps a 30 kilometre stretch of the Umbogintwini River clear of solid waste and invasive alien plants, and has rehabilitated the Ezimbokodweni wetland of approximately 0.9 hectares, providing ecosystem services such as flood attenuation to the community. The rehabilitated area is cared for and monitored by the community.

 

When Michael Porter and Mark Kramer published ‘Creating shared value‘ in Harvard Business Review in February 2011, the impact was huge. Although much of it was positive (a stellar citation rate; articles in The New York Times, The Economist, The Guardian; Davos roundtables; McKinsey’s award for the best HBR article in 2011), many within the sustainability community were less impressed.

John Elkington, executive chair of Volans and the nearest sustainability has to a founding father, took Porter deftly to task for his lack of subtlety. Paul Polman, Unilever CEO and sustainability’s leading light ever since he told short-term speculators to sell their shares in his company, was also unconvinced.

Others decided that the difference between sustainability and shared value was simply semantics. We don’t agree.

"The idea of creating Shared Value has become a global movement," he noted. "If Africa is going to leapfrog to the 'good capitalism' [Shared Value], it's going to depend on the culture that is created in the business community here. It’s going to depend on the vision and the leadership … to spread this culture, so that when business thinks about how to succeed, they think about the kind of profit that enables everyone to succeed." - Mark Kramer, co-founder and MD of FSG

Business and Society Conference 2019
Charlotte Mokoena is the executive vice president for Human Resources and Corporate Affairs at Sasol. She was appointed to Sasol’s Group Executive Committee in 2017. Charlotte’s career spans various industries, including the global beverages business, information and communication technology, health, management consulting, education and agroprocessing – as well as the non-profit sector. Prior to joining Sasol, Charlotte was a human resources executive at Tongaat Hulett Limited. She also worked in several senior executive positions, primarily in human resources, at Telkom and at Coca-Cola Africa Group, as organisational capability manager. Charlotte holds a BA degree in Social Sciences, an Honours degree in Human Resources Development and a Postgraduate Diploma from Leicester University in the UK.

 

Business in Society Conference Co-winners of the Trialogue Strategic CSI Award 2018 Kirsten Mahood and Nicole Solomon | AECI Wise Wayz Water Care Sydwell Shikweni | Merchants SA’s Social Action-based Leadership Development

Inspired by the African term for the universal concept of ubuntu – a shared humanity – since 2004, the Clover Mama Afrika initiative has fostered a spirit of caring, protection of vulnerable groups and the development and transfer of income-generating skills in low-income communities across South Africa.

Old Mutual will include a new and integrated pan-African vision for the group’s social responsibility activities and policies across the continent in 2018. This new strategy will focus on:

  • Being a responsible continental corporate citizen;
  • Consolidating strategic CSI interventions across Africa and
  • Building capacity and earning buy-in.

Business is driven by profit, but Shift Social Development CEO Tiekie Barnard believes in the importance of profit with purpose. In this Q&A, she explains the meaning of Shared Value and how companies can use this business strategy to find where the biggest growth opportunities lie.

It is now critical for any business to demonstrate that it has a purpose before and beyond profit, and that it seeks to improve the lives of its customers. Failure to have such a purpose, to be clear about it and to ensure it directs everything you do, will lose customers, employees and ultimately business value. This requires transparency and authentically communicating purpose to the consumer in a tangible, trustworthy way.

 

INNOVATIVE FINANCE FOR DEVELOPMENT IMPACT

Presented with Absa There are a variety models that can be used to fund multistakeholder approaches to address a range of socioeconomic challenges. Innovative finance sessions will focus on the impact opportunities from blended finance, understanding alternative credit models and managing risk, the range of innovative finance tools available, how innovative finance can improve organisational sustainability, and how corporates can contribute to strengthening social infrastructure.

INNOVATIVE FINANCE FOR DEVELOPMENT IMPACT

Presented with Absa There are a variety models that can be used to fund multistakeholder approaches to address a range of socioeconomic challenges. Innovative finance sessions will focus on the impact opportunities from blended finance, understanding alternative credit models and managing risk, the range of innovative finance tools available, how innovative finance can improve organisational sustainability, and how corporates can contribute to strengthening social infrastructure.

 

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