The Covid-19 outbreak has triggered inspiring reactions from the private sector to support communities with philanthropy and Corporate Social Responsibility initiatives. The question is how do we maintain this momentum on the medium and long term with Shared Value?
The world is changing at a staggering pace and in order to keep up, businesses must adapt. But isn’t that what business does best - adapt? At least the successful ones: they innovate to stay relevant and ahead of the competition. So why does it seem so difficult for the private sector to adapt to the change this time?
We are living through uncertain times in Hong Kong and it is more relevant than ever for the private sector to create legitimacy with all stakeholders. Creating Shared Value can be a tool for business to build this trust and Shared Value Project Hong Kong services are structured around four pillars to accompany corporations on this journey. These pillars underpin everything we do to drive the movement in the region.
Before joining Shared Value Project Hong Kong, I had spent most of my career in the luxury industry. Glamour and beauty are the perks - but for me, there was always something missing.
All speakers at the summit recognized that we lacked alignment on the language around creating shared value. The consensus was that CSV is part of a wider toolkit including philanthropy, CSR or the ESG framework, and that organisations can use shared value as the roadmap to achieve their purpose.