The past couple of months have signified the momentous development that the Shared Value Project has gone through this year, establishing a network and a membership base of Australia’s leading companies and individuals practicing shared value.
We are delighted to announce our newest members Bendigo and Adelaide Bank, National Australia Bank (NAB), Nestlé Australia, Phil Preston, Social Ventures Australia (SVA), and YMCA Victoria who all have been at the forefront of shared value in Australia, applying the strategy as well as raising the profile of the concept.
NAB and Bendigo Adelaide Bank are great examples of how the financial services sector has been one of the leading industries in the shared value movement. Both banks feature in the recently released ‘Banking on Shared Value’ report by FSG and the Shared Value Initiative, contributing comments and case studies to articulate how shared value has put them ahead in their markets by addressing social issues, and giving them a unique competitive advantage, for example with Bendigo Bank’s Community Bank, and NAB Care.
Nestlé has lead the way in the shared value concept’s development from the earliest stages with a conviction that the company can do business in ways that both deliver long-term shareholder value and benefit society. Through its global practices and Nestlé Oceania operations through Australia, New Zealand and the Pacific Islands it is a world leading nutrition, health and wellness company and is best positioned to create shared value in nutrition, water, and rural development.
In the consulting and advising space Phil Preston and SVA both have been early adopters, training and providing shared value consulting services to corporations, governments, and civil society organisations.
Phil Preston is a community engagement strategist, following his passion for linking performance improvement in large and small businesses with positive community outcomes as a speaker, facilitator, educator, and advisor with a particular focus on shared value. Phil is also a prolific writer of think pieces and cases studies that help to raise awareness of shared value in practice. Read his latest article in this month’s newsletter on ‘Five ways to start exploring shared value in your business’
SVA works with innovative partners to invest in social change, helping to create better education and employment outcomes for disadvantaged Australians by bringing the best of business to the social sector, and by working with partners to strategically invest capital expertise. Their consulting division is sharing evidence and shared value knowledge to build social sector capacity.
YMCA Victoria, the community not-for-profit organisation has been innovative in using a shared value approach in fundraising and developing corporate partnerships to serve the Victorian community. YMCA Victoria delivers services everyday in settings including community recreation and sporting facilities, schools and kindergartens, youth services, and youth justice facilities.
We very much look forward to working with these members and having them as part of our membership network, to service their shared value needs and collaborate to deliver local initiatives for the Australian shared value network.
Click here to find out more about the Shared Value Project’s members.
Click here to find out more about the Shared Value Project’s membership program.