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Highlights: Australia at the 2015 Shared Value Leadership Summit in New York

May 13, 2015

The Shared Value Project leadership team and a cohort of our members and local shared value practitioners are currently representing Australia in  New York for the highly anticipated 2015 Shared Value Leadership Summit: Business at it’s Best in New York. Facilitated by the Shared Value Initiative, the Summit gathers the world’s leading thinkers and doers of shared value to deliver the ‘how-to’ of building a shared value strategy that truly showcases business at its best. Participants will share best strategies and roll up their sleeves to generate new business solutions to social issues, reimagining the role of business in society and the nature of competitive advantage. This is shared value leadership. #SVLeaders

Click here to access the live web stream from the 2015 Shared Value Summit.

Our Executive Director Helen Steel shares her key highlights and takeaways from the summit throughout the week.


Summit Day 1 | Tuesday 12 May | The ‘Why’ of Shared Value

1. Professor Michael Porter kicked off the day. “All great strategies require you to not do things. You can’t meet every need. You have to decide what you’re not going to do”.
2. Bendigo & Adelaide Bank’s Chair Robert Johanson sharing the stage with Shared Value Project Chair, Peter Yates AM discussing the importance of regional champions to support the growth of the shared value movement globally.
3. 1st Shared Value Storyteller Session from Zoe Piper, Co-founder and Director of Ecolour leading the way with the production of shared value, toxin free paint from Australia. We think Ecolour has now gone global!
4. A powerful session exploring the empowerment of women from all socio-economic backgrounds. What wins could result? Investment in women’s health? Banks focusing on women clients? Gender equality? Corporate sector pay attention: women are powerful consumers!
5. The final session of the day with Adrian Gore, Chief Executive of the Discovery Group leading by example with Vitality, a shared value insurance model that makes society healthier, also available in Australia from Shared Value Project founding member AIA Australia.

Summit

Summit 1

Summit 3

 

Summit Day 2 | Tuesday 3 May | The ‘How’ of Shared Value
1. Kathleen McLaughlin, President of the Walmart Foundation, and Darren Walker, President of the Ford Foundation helped us better understand that when used properly, philanthropy can support and drive shared value.  Philanthropy fills in the blanks that business is currently not pursuing and provides powerful partnership opportunities.
2. Dr Allan Pamba, Vice President of Pharmaceuticals, East Africa at GlaxoSmithKline (GSK) inspired us with his Kenyan story and the GSK objective to make their products available to 80% of sub-Saharan Africa and thereby making a healthier Africa.
3. Barclays is leading the way in imbedding shared value into their core business with their Barclays Social Innovation Facility a ‘intrepreneurs’ lab designed to incubate innovation within the bank.
4. Barbara Byrne, Vice Chair of  Investment Banking at Barclays gave us some thought provoking gems: “Women in leadership get better results” and are therefore more likely to create shared value.  “No one wants to read a story on good investment banking”.  “What are NGO foundations investing in?”, are they practicing and leading the way in responsible investing?
5. Jeremy Heimans, Australian co-founder and CEO of Purpose closed the summit by exploring the opportunity for New Power to help mobilise and drive the shared value movement.  Shared Value + New Power = Change.

Summit 1
Summit 2