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| Shared Value Project Update |
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Hello and welcome to the latest edition of In Practice and the fast paced world of the Shared Value Project.
This month sees us starting to examine some of the specific challenges relating to shared value and in particular that of measurement. We also engage in discussion with the banking sector including Bendigo & Adelaide Bank and NAB with the release of FSG’s latest industry report and consider the shared value opportunities around building resilience within communities to better withstand catastrophic events.
On an organisational front we have now formalised our relationship with the Shared Value Initiative and believe this new regional partnership will heighten our ability to advance adoption and practice of shared value here in Australia. The focus of the Project will be to create a local community of leaders, companies and other supporting organisations who are committed to practicing shared value, while the Initiative will provide the global perspective and expertise, as well as a platform for highlighting the region’s shared value activities.
We are also delighted to announce the appointment of Mark Kramer FSG Managing Director and 'Creating Shared Value' co-founder to our Board of Directors and look forward to having his input into shaping the growth and development of the Shared Value Project.
I challenge all organisations to consider the opportunity with regard to shared value and invite you to join this exciting movement in business led social value creation.
Helen Steel
Executive Director
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| The Shared Value Project becomes the Shared Value Initiative’s first exclusive Regional Partner |
The Shared Value Project is delighted to announce that we have formalised our relationship with the Shared Value Initiative and are now the exclusive Regional Partner in Australia, and the first global Regional Partner of the Initiative.
This will see us working collaboratively to raise awareness and build a global community of shared value practice. As the peak Australian practice body for shared value, we believe this partnership will heighten our ability to advance the adoption and the practice of shared value here in Australia.
Read more.
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| LBG Australia & New Zealand become a member of the Shared Value Project |
LBG is the global standard for measuring and benchmarking corporate community investment. The LBG model provides a comprehensive and consistent set of measures for corporate community investment professionals to determine their organisation’s contribution to the community.
Measurement is an extremely important component to the shared value concept. It is garnering an increasing amount interest and experimentation as companies seek to present the results and outcomes of their shared value initiatives in a coherent and accountable manner.
Read more
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| Building Resilience: an opportunity to create shared value |
By Briar Lloyd, Shared Value Project
‘Building Resilience’ helps make people, communities, and systems better prepared to withstand catastrophic events – both natural and manmade – and more able to bounce back quickly and stronger.
Humans are not born with resilience – we learn it, adapt it, and improve upon it. The same is true for organisations, systems, and societies. Hence it is an opportunity for organisations to think about new polices or practices that enhance the competitiveness of their company by incorporating resilience for the benefit of the company and its various stakeholders in order to create shared value.
Read more.
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| Banking on Shared Value: FSG's latest shared value industry report |
Drawing on the experiences and insights of leading practitioners from the banking industry, including the National Australia Bank and Bendigo and Adelaide Bank, FSG's latest shared value industry report is titled 'Banking on Shared Value'.
This paper highlights opportunities for banks to create shared value, and demonstrates how banks can capitalise on those opportunities by leveraging their unique expertise and resources while flexing in new ways that will be essential to their success in the 21st century.
Read more.
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| Measuring Shared Value: the hottest topic at the Shared Value Leadership Summit |
By Melinda Leth, NetBalance
Melinda Leth, Senior Associate at NetBalance, provides terrific insight and reflections from the 2014 Shared Value Leadership Summit in New York, May 2014.
Melinda highlights how measuring shared value became a key focal point across several different sessions at the summit, and between practitioners at the networking sessions. In this article she focusses specifically on the 'Creating Shared Value Investment Framework' in development by Professor Michael E. Porter, and how this compares to existing investment measurement frameworks.
Read more.
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| Get Engaged and Become a Member |
The Shared Value Project envisions Australian organisations committed to adopting shared value as a practice, dedicating focused attention on creating shared value. We have designed a membership program to support these organisations in reaching their shared value vision and objectives, and are dedicated to delivering world recognised resources in order that this be accomplished.
As a member of the Shared Value Project, you have the exclusive opportunity to be a part of the shared value movement and the network shaping the future of shared value in Australia, establishing a major competitive advantage.
Read more.
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