 | This article contains content that is written like an advertisement .(June 2023) |
Shared Value Africa Initiative (SVAI) is a non-profit organization dedicated to promoting and implementing the concept of shared value in Africa. SVAI aims to drive sustainable economic development on the African continent by fostering collaboration between businesses, governments, and civil society organizations. [1] [2] [3] [4] [5] [6]
SVAI operates as a regional platform that advocates for and supports the adoption of shared value principles across Africa. The organization recognizes that businesses can create long-term value for themselves and society by addressing social and environmental challenges through their core operations and strategies. [7]
SVAI seeks to raise awareness and understanding of shared value among businesses, government agencies, and non-profit organizations. By providing resources, training, and thought leadership. SVAI encourages the integration of shared value principles into strategic decision-making processes. [8]
SVAI facilitates collaboration between stakeholders from different sectors, including business leaders, policymakers, social entrepreneurs, and civil society organizations. By creating a platform for dialogue and partnership, SVAI promotes the exchange of ideas, best practices, and innovative solutions for shared value creation. [9]
SVAI advocates for policy reforms and regulatory frameworks that enable and incentivize shared value initiatives. Through research, policy analysis, and engagement with policymakers, SVAI seeks to create an enabling environment for businesses to adopt and implement shared value strategies. [10]
SVAI aims to build a community of shared-value practitioners across Africa. The organization organizes conferences, workshops, and networking events to connect professionals and organizations interested in advancing the shared value agenda. [11]
SVAI provides support and guidance to businesses and social enterprises in implementing shared-value projects. Through mentorship programs, capacity-building initiatives, and access to funding opportunities, SVAI helps organizations create sustainable business models that address social and environmental challenges. [12] [13]
In 2019 Safaricom partnered with Shared Value Africa Initiative to host the Africa Shared Value Summit. [14]
AIESEC is an international "youth-run" and led, non-governmental and not-for-profit organization that provides young people with business development internships. The organization focuses on empowering young people to make a progressive social impact. The AIESEC network includes approximately 40,000 members in 120+ countries.
Corporate social responsibility (CSR) or corporate social impact is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in, with, or supporting professional service volunteering through pro bono programs, community development, administering monetary grants to non-profit organizations for the public benefit, or to conduct ethically oriented business and investment practices. While once it was possible to describe CSR as an internal organizational policy or a corporate ethic strategy similar to what is now known today as Environmental, Social, Governance (ESG); that time has passed as various companies have pledged to go beyond that or have been mandated or incentivized by governments to have a better impact on the surrounding community. In addition national and international standards, laws, and business models have been developed to facilitate and incentivize this phenomenon. Various organizations have used their authority to push it beyond individual or even industry-wide initiatives. In contrast, it has been considered a form of corporate self-regulation for some time, over the last decade or so it has moved considerably from voluntary decisions at the level of individual organizations to mandatory schemes at regional, national, and international levels. Moreover, scholars and firms are using the term "creating shared value", an extension of corporate social responsibility, to explain ways of doing business in a socially responsible way while making profits.
The Earth Charter is an international declaration of fundamental values and principles considered useful by its supporters for building a just, sustainable, and peaceful global society in the 21st century. Created by a global consultation process, and endorsed by organizations representing millions of people, the Charter "seeks to inspire in all peoples a sense of global interdependence and shared responsibility for the well-being of the human family, the greater community of life, and future generations." It calls upon humanity to help create a global partnership at a critical juncture in history. The Earth Charter's ethical vision proposes that environmental protection, human rights, equitable human development, and peace are interdependent and indivisible. The Charter attempts to provide a new framework for thinking about and addressing these issues. The Earth Charter Initiative organization exists to promote the Charter.
The United Nations Global Compact is a non-binding United Nations pact to get businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The UN Global Compact is the world's largest corporate sustainability and corporate social responsibility initiative, with more than 20,000 corporate participants and other stakeholders in over 167 countries. The organization consists of a global agency, and local "networks" or agencies for each participating country. Under the Global Compact, companies are brought together with UN agencies, labor groups and civil society.
A social enterprise is an organization that applies commercial strategies to maximize improvements in financial, social and environmental well-being. This may include maximizing social impact alongside profits for co-owners.
The social economy is formed by a rich diversity of enterprises and organisations, such as cooperatives, mutuals, associations, foundations, social enterprises and paritarian institutions, sharing common values and features:
A sustainable business, or a green business, is an enterprise that has a minimal negative impact or potentially a positive effect on the global or local environment, community, society, or economy—a business that strives to meet the triple bottom line. They cluster under different groupings and the whole is sometimes referred to as "green capitalism." Often, sustainable businesses have progressive environmental and human rights policies. In general, a business is described as green if it matches the following four criteria:
Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a wide range of organizations, which vary in size, aims, and beliefs. For-profit entrepreneurs typically measure performance using business metrics like profit, revenues and increases in stock prices. Social entrepreneurs, however, are either non-profits, or they blend for-profit goals with generating a positive "return to society". Therefore, they use different metrics. Social entrepreneurship typically attempts to further broad social, cultural and environmental goals often associated with the voluntary sector in areas such as poverty alleviation, health care and community development.
Women of Uganda Network (WOUGNET) also known as Women of Uganda Network Development Limited is Ugandan non-governmental organization that aids women and women's organisations in the use and access of information and communication technologies (ICTs) to share information and address issues their concerns such as gender norms, advocating for their rights and building communities and businesses through education.
Creating shared value (CSV) is a business concept first introduced in a 2006 Harvard Business Review article, Strategy & Society: The Link between Competitive Advantage and Corporate Social Responsibility. The concept was further expanded in the January 2011 follow-up piece entitled Creating Shared Value: Redefining Capitalism and the Role of the Corporation in Society. Written by Michael E. Porter, a leading authority on competitive strategy and head of the Institute for Strategy and Competitiveness at Harvard Business School, and Mark R. Kramer, of the Kennedy School at Harvard University and co-founder of FSG, the article provides insights and relevant examples of companies that have developed deep links between their business strategies and corporate social responsibility (CSR). Porter and Kramer define shared value as "the policies and practices that enhance the competitiveness of a company while simultaneously advancing social and economic conditions in the communities in which it operates", while a review published in 2021 defines the concept as "a strategic process through which corporations can turn social problems into business opportunities".
The African Leadership Academy (ALA) is an educational institution located in the outskirts of Johannesburg, South Africa, for students between the ages of 16 and 19 years old, with current alumni coming from 46 countries.
The Nigerian Economic Summit Group (NESG) is a non-profit, non-partisan, private sector organisation with a mandate to promote and champion the reform of the Nigerian economy into a modern, globally competitive, sustainable, inclusive, open economy.
A sustainability organization is (1) an organized group of people that aims to advance sustainability and/or (2) those actions of organizing something sustainably. Unlike many business organizations, sustainability organizations are not limited to implementing sustainability strategies which provide them with economic and cultural benefits attained through environmental responsibility. For sustainability organizations, sustainability can also be an end in itself without further justifications.
The United Nations Environment Programme Finance Initiative is a partnership between the United Nations Environment Program (UNEP) and the global financial sector to catalyse action across the financial system to align economies with sustainable development. As the UN partner for the finance sector, they convene financial institutions on a voluntary basis to work together with them, and each other, to find practical solutions to overcome the many sustainability challenges facing the world today. UNEP FI does this by providing practical guidance and tools which support institutions in the finance sector to find ways to reshape their businesses and commit to targets for limiting greenhouse gas emissions, protecting nature, promoting a circular economy and supporting financial inclusion to address inequality. The solutions developed effectively form a blueprint for others in the finance sector to tackle similar challenges and evolve their businesses along a sustainable pathway. The creation and adoption of such a blueprint also informs policy makers concerned with sustainability issues about what would constitute appropriate regulation for the finance sector at large. Founded in 1992, UNEP FI was the first organisation to pioneer engagement with the finance sector around sustainability. The Finance Initiative was responsible for incubating the Principles for Responsible Investment and for the development and implementation of UNEP FI’s Principles for Responsible Banking and Principles for Sustainable Insurance as well as the UN-convened net-zero alliances. Today, UNEP FI provides sustainability leadership to more than 400 financial institutions, with assets of well over $80 trillion headquartered around the world.
The Climate Disclosure Standards Board (CDSB) is a non-profit organization working to provide material information for investors and financial markets through the integration of climate change-related information into mainstream financial reporting. CDSB operates on the premise that investors and financial institutions can make better and informed decisions if companies are open, transparent and analyse the risks and opportunities associated with climate change-related information. To this end, CDSB acts as a forum for collaboration on how existing standards and practices can be used to link financial and climate change-related information using its Framework for reporting environmental information, natural capital and associated business impacts.
The Alliance for Financial Inclusion (AFI) is a policy leadership alliance owned and led by member central banks and financial regulatory in developing countries with the objective of advancing financial inclusion.
Africapitalism is the economic philosophy that the African private sector has the power to transform the continent through long-term investments, creating both economic prosperity and social wealth. A think tank tasked with studying the philosophy, the Africapitalism Institute, was formally launched during the 2014 World Economic Forum on Africa in Abuja, Nigeria in May of that year.
The Minister of Small Business Development is a Minister in the Cabinet of South Africa.
The Global Entrepreneurship Summit is an annual event organized by the federal government of the United States, in partnership with foreign government hosts. The summit originated from an event organized by the Obama Administration called the Presidential Summit on Entrepreneurship, which was held in April 2010 in Washington, D.C. It brought together entrepreneurs from the United States, Europe, Africa, the Middle East, South Asia, and Southeast Asia to discuss the importance of social and economic entrepreneurship, establish entrepreneurship as an important area of policy focus, and strengthen mutually beneficial relationships between entrepreneurs.
The Youth Café is a not-for profit pan-African youth organization that was founded in 2012 and works with young people in Africa and around the world to foster community resilience, propose innovative solutions, drive social progress, enable youth empowerment and inspire political change. The Youth Café is headquartered at Kitisuru Gardens, in Nairobi, Kenya.