About Shared value initiative
The Shared Value Initiative: Solving Societal Challenges through Business Solutions
The Shared Value Initiative is a global platform that brings together leaders from various industries who are committed to solving societal challenges through business solutions. The organization was founded on the belief that businesses can create shared value by addressing social and environmental issues while also generating economic value.
The Shared Value Initiative works with companies, governments, and civil society organizations to promote the adoption of shared value strategies. These strategies involve creating new business models that align social and environmental goals with financial objectives. By doing so, companies can create sustainable solutions that benefit both society and their bottom line.
One of the key principles of shared value is collaboration. The Shared Value Initiative facilitates collaboration between different stakeholders to identify opportunities for shared value creation. This includes bringing together companies from different sectors to work on common challenges, as well as engaging with local communities to understand their needs and priorities.
Another important aspect of shared value is measurement. The Shared Value Initiative provides tools and resources for companies to measure the impact of their shared value initiatives. This helps them understand how they are contributing to social progress while also identifying areas where they can improve.
The Shared Value Initiative has worked with a wide range of organizations across different sectors, including healthcare, energy, finance, and education. Some examples of its work include:
- Working with Nestle in Ghana to develop a sourcing model for cocoa that benefits local farmers while also improving the quality of Nestle's products.
- Partnering with GE Healthcare in Kenya to provide affordable healthcare solutions in underserved communities.
- Collaborating with Enel Green Power in Chile to develop renewable energy projects that benefit local communities while also generating economic growth.
Through these partnerships and collaborations, the Shared Value Initiative has demonstrated how businesses can create positive social impact while also driving economic growth.
In addition to its work on shared value strategies, the Shared Value Initiative also conducts research on emerging trends in corporate sustainability. Its annual Shared Value Summit brings together leaders from around the world to share best practices and discuss new ideas for creating shared value.
Overall, the Shared Value Initiative is a powerful force for change in the business world. By promoting shared value strategies and facilitating collaboration between different stakeholders, it is helping to create a more sustainable and equitable future for all.