Drumroll please! We’re thrilled to bring you our shortlist of finalists for the Shared Value Awards for 2022. Awards were open to members and non members who could demonstrate their impact in societal change and provide an excellent array of potential case studies and inspiration for our whole community. Thank you to all who took the time to enter the Awards.
We are always impressed with the efforts we see come from our finalists who are in a constant state of striving for improving the strategic thinking they bring to the joint goals of positive societal impact in the for-profit world. Each year we are seeing a deepening of partnerships, embracing a more complex world of change transformation and more thorough strategic frameworks that are being applied across the whole of business. Congratulations to all our finalists who are helping to recreate capitalism as a more inclusive and positive societal force.
Don’t forget to get your team together for our LinkedIn live event next Tuesday, 6 December.
Shared Value Organisation of the Year
Arup
Arup is a creative force at the heart of many of the world’s most prominent projects in the built environment. Arup’s global strategy reinforces sustainable development – creating shared value for their clients and communities while safeguarding the planet – is core in their DNA and business model. They have a recognised track record in delivering positive social and environmental outcomes and at COP26 pledged not to pursue any new energy commissions involving extraction, refinement or transportation of hydrocarbon-based fuels and aim to be a net zero emissions business themselves by 2030. Their Invest in Arup platform encourages their people to research, learn, collaborate, develop and deliver solutions to address the complex challenges for clients and society. Curiosity, innovation and technical expertise are key cultural elements that allow them to deliver against the incredibly high benchmark they set for themselves.
Regnan
Regnan is a responsible investment leader with a long and proud heritage providing advice, stewardship and innovative sustainable and Impact Investment solutions. Developed over several years, their proprietary system identifies and tests the companies they believe are well-placed to solve the world’s biggest problems. Rather than investing in companies fighting for the same pie, Regnan identifies companies that are redefining their markets. As those markets grow, these companies stand to grow.
HSBC Hong Kong
HSBC is Hong Kong’s largest banking and financial services organisation, serving more than 70% of the city’s population. Since 2018, HSBC have launched banking services and financial education materials for various communities including the elderly, people with dementia, homeless people, refugees, asylum seekers, ethnic minorities and those with mental health challenges. Additionally, they have implemented barrier-free facilities for customers with disabilities and special needs. To support the environment, HSBC has launched numerous green products and initiatives to protect the environment and to promote sustainable investment activities and behaviours in Hong Kong.
New World Development Company Limited
Under the leadership of Executive Vice-Chairman and Chief Executive Officer, Dr.Cheng Chi-Kong, Adrian, the Group infused Creating Shared Value (CSV) into its guiding vision, focusing on three main pillars – social innovation, culture and creativity, and sustainability – that form new connections between business success, social progress, and people’s well being. With its powerful ecosystem, the Group is in a distinct position to create shared value and address the needs of all stakeholders.
Shared Value Project of the Year
Apricot Consulting, Creating Shared Value for Intelligent Transport Systems
This project delivers employment opportunities for people living with disabilities through a partnership between Transurban, Multicap and Q Free, supported by Apricot Consulting. The partnership has also delivered education and technology via grants that will allow Multicap to upskill their clients and provide services to other suppliers creating even more employment opportunities.
AXA Asia and Africa, Fit to Flourish program
AXA Asia and Africa have developed education and marketing activities to promote good mental health behaviours in their customers and staff. Good mental health increases physical health with fewer chronic health conditions reported, thereby reducing claims and improving quality of life. AXA Asia and Africa are also utilising this program to educate staff to improve happiness at work and ultimately productivity. This program has seen an improvement in AXA’s net promoter score as an employer.
New World Development, Share for Good
Share for Good is Hong Kong’s first large-scale crowd donation platform, matching donation opportunities with NGO needs ensuring the maximum benefit and usage of donated goods. The platform works across multiple social areas, addressing access to medical supplies, food and other essential supplies. NWD formed new partnerships to address the challenge of logistics in getting donations to the right people.
Thriving Community Partnerships, The One Stop One Story Hub
When someone needs support from a service provider following a traumatic event, like domestic violence they are required to repeat their story each time, navigating complex systems to receive support. This not only deters those seeking help it re-traumatises the individual each time. The One Stop One Story (OSOS) is a world-first digital triage service providing people impacted by family violence, and their advocates, a single point to access support services in a secure way.
Shared Value Collaboration of the Year
Violet Initiative, End-of-Life Care Partnership
The partnership between The Violet Initiative and Goodwin Aged Care improved the end-of-life experience in residential homes and the associated mental health, financial and workforce impacts of substandard experiences. The partnership considered all parties; the elder, their family and staff members supporting them through to end of life in a way that delivered a more aligned and humane experience, increased resilience and lower burnout in their workforce, and less financial drain on the organisation and families from negative or conflict-ridden experiences.
Apricot Consulting, Creating Shared Value for Intelligent Transport Systems
This project is changing lives and improving accessibility by delivering employment opportunities for people living with disabilities through a partnership between Transurban, Multicap and Q Free, supported by Apricot Consulting. The partnership has also delivered education and technology via grants that will allow Multicap to upskill their clients and provide services to other suppliers creating even more employment opportunities.
Thriving Community Partnerships, The One Stop One Story Hub
The One Stop One Story (OSOS) is a world-first digital triage service providing people impacted by family violence, and their advocates, a single point to access support services in a secure way. What an important program to have accessible, trauma informed support services to minimise the support process re-traumatising victims.
Best Shared Value Idea Early-Stage
Enel Green Power, Agrivoltaic Research Project at EGP’s Cohuna Solar Farm
Enel Green Power is the world’s largest renewable provate player for whom innovation is key to their culture. The Cohuna Solar Farm is a pilot program of 80 hectares of cleared land that has traditionally been used for agricultural production. In many rural areas, the loss of productive land causes significant angst, so this project is looking to minimise both local social and environmental impacts by testing and integrating appropriate agricultural production amongst the fields of solar panels – hence – agrivoltaics. Learnings from this will inform future mixed use opportunities and improved biodiversity outcomes.
Corrections Victoria, Outside Job
A finalist in a number of categories, this project was also shortlisted here. You can read more about it in the categories below. The potential scalability of this program, along with the strong use of partnerships rather than supply chain thinking, ensured it was a finalist for the Best Shared Value Idea (early stages).
AIA Australia, Empowering Better Mental Health Treatment Outcomes
As a life insurer, AIA recognises the important role that a person’s financial position has with respect to their health and wellbeing. AIA want to ensure that they are focusing on upstream approaches to help people stay well so they reduce their risk of their symptoms worsening, and also help them get the insurance protection they need. In August 2021, AIA partnered with Perx Health and Hannover Re (HLRA) to run a pilot with some of AIA’s life insurance customers. Perx Health is a digital health management program which is delivered via an app and uses technology and behavioural science to deliver clinically proven self-management intervention and health management techniques. Following successful results from the pilot AIA is looking at how they scale this model for their customers.
Arup, Mushi – Floating Leaf River Cleaning Concept with Mycelium Structure
Healthy wetland systems provide a natural way of cleaning water. This project is a ground-breaking project that uses mucelium – the vegetated strain of fungi – rather than artificial plastics that are currently used to create floating wetlands in an Australian wetland restoration pilot project. These mycelium floating wetland modules, affectionally known as ‘Mushi’ are becoming thriving habitats as the plant roots absorb and cleanse the water. The project is moving into manufacturing and there are broad opportunities for urban waterways and run-off mitigation around infrastructure.
Violet Initiative, The Violet x Westpac Bereavement Partnership
The Violet-Westpac partnership recognises the key role of financial services across the last stage of life and bereavement; the human and economic impacts of this life stage for Westpac customers, staff and the organisation; and the vital role of financial services institutions as Social Change agents. The partnership leveraged the experience of the Violet Initiative to upskill Westpac staff to both improve the experience of customers dealing with bereavement as well as to further the Violet mission.
Investing in Shared Value
T8 Capital, Energy Vision
The T8 Energy Vision fund is entirely dedicated to investing in companies which provide a tangible contribution to the world’s shift to clean energy. It invests solutions, with their whole philosophy focused on companies that both enable and benefit from the shift so capital can find its way to those companies who are driving and enabling change.
Circulate Capital
Together with partners, Circulate Capital aim to prove that investing across the plastic value chain can generate competitive returns, while preventing plastic pollution, mitigating climate change and improving likelihoods. The organisation’s aim is to provide catalytic capital to companies that prevent plastic pollution and invest in targeted circular supply chain solutions. Their two key investment strategies are due to prevent 10 million tonnes of plastic pollution, reduce or avoid 15 million tonnes of CO2e emissions and manage 30 million tonnes of waste by 2030.
NWD, World’s First USD Social and Green Dual Tranche Bond in Public Market
As part of New World Development’s (NWD) ongoing commitment to the New World Sustainability Vision 2030 (SV2030) and ESG integration. NWD has nailed a whole lot of firsts (and we know what headwinds must be faced when you’re the first):
- The first corporate in the world to issue a USD denominated social and green dual tranche (the “dual tranche”) offering in the public bond markets.
- With this transaction, NWD also became the first non-financial corporate in Asia to
issue a USD-denominated Social bond in the public bond markets, - The first corporate in Greater China to issue a USD-denominated Green perpetual in the public bond markets.
Shared Value Practitioner of the Year
Tony Layh, Corrections Victoria
Tony is the General Manager, Prison Industries at the Department of Justice, Victoria. After participating in the Shared Value Masterclass Program in 2021, Tony was quick to see the shared value opportunity that might exist to reduce the recidivism of ex-offenders by providing employment opportunities with companies who were struggling to secure skilled labour. He has been instrumental in building the awareness of shared value within Corrections Victoria and the wider Justice team. His work has resulted in the development of a whole new employment focussed department within Corrections Victoria to expand on this initiative.
Alison McLean, AIA Australia
Alison McLean is General Manager of Shared Value Partnerships at AIA Australia (AIAA). AIAA has applied a shared value lens for several years, however under Alison’s leadership, she has developed and implemented a new and robust shared value strategy. With a background of Behavioural Science, Alison will always pilot a solution and then if it is effective and the return on investment can be achieved, she will scale the solution. Alison promotes collaboration, openness and strategic partnerships both internally at AIAA and externally through event and networking opportunities.
Dr Adrian Cheng Chi-Kong, New World Development
Adrian, CEO of New World Development Company, spearheads all Environmental, Social and Governance (ESG) initiatives across the group. Though simply calling them ESG initiatives is limiting, Adrian advocates a full integration of New World’s core businesses with social and environmental initiatives. Driving Shared Value thinking from the top all the way through the organisation and its’ programs.
Impact Partner of the Year
Infoxchange, Ask Izzy Connect
Ask Izzy Connect is the next generation of Ask Izzy, which recognises the critical role of ‘informal helpers’ in supporting many peoples’ help seeking journey. Ask Izzy Connect is a suite of training and tools aimed at informal help providers. It aims to build the capabilities using ‘4 Rs’: Recognise, respond, refer, reflect. Recognising a person who is seeking help, responding to the customer’s needs or requests, referring them to a source of external support / information such as Ask Izzy and reflecting on the interaction with a wellbeing, learning and mindful lens. In collaboration with TPG Telecom, this program is being piloted with select TPG Telecom employees who interact with customers every day.
Violet Initiative, Conversations that Count and the Violet Champions program
Violet and InvoCare are working together to improve the last stage of life and bereavement experience of Australians. Systemically, the partnership strives to positively shift the narrative around the last stage of life, normalising conversations, planning, preparation and new cultural rituals around death and mourning. The Violet-InvoCare partnership enables InvoCare to offer a clear differentiating proposition, by valuing the human experience of caring and bereavement as the central element of their service across their funeral service companies, private memorial parks and crematoria.
Corrections Victoria, Outside Job
In order to begin to make a real dent on recidivism, which was trending in the wrong direction and bringing with it a host of negative social and economic impacts, Corrections Victoria stepped outside its business-as-usual approach to re-engineer their Social Procurement contract. They are using their significant buying power with their private sector suppliers, but rather than mandating increased quotas, they are partnering to fill a skilled candidate pipeline that relates to the workforce needs of their partners and creating a supporting environment for those leaving prison to rejoin the workforce. They have defined its significance by increasing the weighting of this clause in procurement framework from 5% to 20% of the decision score in the procurement process remaking how we think about public private sector partnerships.
Violet Initiative, The Violet x Westpac Bereavement Partnership
The Violet-Westpac partnership recognises the key role of financial services across the last stage of life and bereavement; the human and economic impacts of this life stage for Westpac customers, staff and the organisation; and the vital role of financial services institutions as Social Change agents. The partnership leveraged the experience of the Violet Initiative to upskill Westpac staff to both improve the experience of customers dealing with bereavement as well as to further the Violet mission.
Activating Purpose Through Shared Value
IAG
With a purpose to “make your world a safer place”, IAG has created an organisation wide strategy focused on innovating around how they can create more prepared and resilient communities and people, both within their own organisation, and with the clients and communities they serve. They have set an ambition to help 1 million Australians and New Zealanders to take action to reduce their risk from natural hazards by 2025 and have a series of frameworks, targets and measurement tools to ensure they get there.
AIA Australia
AIA has a purpose to “Make a Difference in People’s Lives” and their dream is to champion Australia to be the healthiest and best protected nation in the world. Core to their ability to delivering on this is their AIA Embrace program, that is an ecosystem of products, programs and partnerships that supports Australians to improve their own wellbeing. They have deep data to look at the personal, societal and business impact of various health burdens and a preventative mindset while delivering impact from prediction & prevention through to recovery.
Kimberly-Clark
The mission at Kimberly-Clark is to sustainably build the best consumer products company for generations to come. This mission is anchored by their Purpose: Better Care for a Better World which was introduced in 2021. This is when Kimberley-Clark redefined their culture to look beyond the products they make and to advocate for all people; to use their brands and their platforms to drive positive societal changes.