There’s a new business movement percolating in Hong Kong which is causing companies, large and small, to re-think how and why they will operate in a post-pandemic society. The concept of embedding purpose, as well as profit, in business strategy has been introduced to members of the British Chamber of Commerce by the Hong Kong chapter of a global initiative which has grown out of Harvard Business School.
AMTD Group has been a pioneer in cultivating Hong Kong’s innovation entrepreneurship and contributing to Hong Kong’s society through its proprietary SpiderNet ecosystem. By joining Shared Value Project Hong Kong, AMTD will have the opportunity to share its experience and resources with other business leaders and practitioners who are implementing Shared Value strategies to jointly propel Shared Value adoption in Hong Kong and the Greater Bay Area.
AXA ‘Mind Health’ Programme is Hong Kong’s first end-to-end mental health programme for corporations, designed to improve the mental wellbeing of employees by bridging gaps in knowledge, trust and support.
In 2018, Novetex launched The Billie System in Tai Po, Hong Kong. With this sustainable initiative, the company upcycles textile waste into new yarn, thereby creating competitive advantage while addressing a pressing environmental issue.
By aligning profit with purpose, Mountain Hazelnuts (MH) aims to capture 3% of the US$7 billion global hazelnut market and expects to significantly increase the income of 15% of Bhutan’s population.
On 27 Nov., we convened CREATIVE COLLISION 2019, our first non-conference and largest tri-sector event yet, bringing together business, civil society, public sector and social innovation leaders to spark Shared Value action. More than 130 people attended, not counting volunteers (our de facto youth delegates), well exceeding our expectations. This was the first time we truly brought together our business community with our social innovation partners and public followers, with resoundingly positive feedback.
G For Good believes doing good is a fundamental value and aims to reinject purpose into business, a subsidiary of New World Development, co-founded by Adrian Cheng and Garrick Lau, G For Good advocates and supports various social innovation projects, including to provide resources in discovering, developing and incubating social entrepreneurial projects, organise conferences and workshops to spread Creating Shared Value in the community.
On World Mental Health Day on 10 Oct. 2019, corporate Members of Shared Value Project Hong Kong (SVPHK) announced a collective pledge to improve mental well-being in their workplaces and reduce stigma on mental health topics in Hong Kong. Pledging Members include Accenture, AIA Hong Kong, AXA, Barclays, EY, Nestlé, Tricor Group and The Executive Centre, representing prominent businesses in Hong Kong from diverse industries and with large workforces and customer bases.
It’s been five months since I began my journey with Shared Value. As an MBA intern, I had an invaluable opportunity to combinine my passion in Shared Value creation with my comprehension of business administration.
Hong Kong’s first Global Goals Jam took place last weekend, on 22-23 September 2018. The event was organised by Loftwork Hong Kong and SUSTAINHK, implementing a design thinking curriculum developed by The United Nations Development Programme and the Digital Society School (Amsterdam University of Applied Sciences). The event was hosted at nakedHUB New Street and MTRL HK (Loftwork’s creative lounge).