The first Africa Shared Value Summit billed for the 25 & 26 May 2017 at the Sandton Convention Center, Johannesburg has promised to unveil a future-proof business strategy – ‘profit with a purpose’ which will amplify awareness and advocacy for the relationship between shared value and profit.
According to the organisers, companies who create Shared Value do so through the normal operation of their businesses; it is not an (often short-term) add-on limited by budget, but rather a future-proof business strategy for long-term gain.
The Shared Value Initiative was launched by consulting firm FSG and Prof Michael Porter in 2012. The inaugural 2017 Africa Shared Value Summit is modelled on the successful Shared Value Leadership Summit held annually in New York.
“There are corporate bodies that are currently taking the lead in changing the face of capitalist business practice, but it is the social innovators who are really embracing the practice and reaping the rewards – financially and societally,” a release from the organisers stated.
The Summit’s keynote speaker will be Marc Pfitzer, Managing Director of FSG, one of the world’s leading consultancies focusing on social change strategy and creating business models and strategies that lead to social impact.
Speaking on the growth of Shared Value, Marc is optimistic that business is starting to catch on: “If you look at the spread of the concept, and you look at the continued emergence of new companies who say ‘we’ve got a built-in purpose in our strategy’, it’s not just a communication-based tagline, it’s really about making different choices in our strategy. We keep on getting new companies coming into the fold, so the underlining movement is happening and is spreading all over the world.”
Marc’s expertise spans numerous subjects, including Shared Value, collective impact, agricultural development, impact measurement, and the mechanics of collaboration. His influential articles “Innovating for Shared Value” and “The Ecosystem of Shared Value” were published in the Harvard Business Review in 2013 and 2016 respectively. Prior to FSG, Marc served as Principal at The Boston Consulting Group (BCG) based in Zürich.
Chief Marketing Officer of Nando’s, one of the Summit’s sponsors, Doug Place has received more than 30 international and national marketing and advertising awards, including The Media “Top 40 Under 40” in 2014, and was recognised as one of Destiny Man Magazine’s 2015 ‘Young and Powerful’ industry leaders. Through the implementation of Shared Value principles, Nando’s has achieved major successes in the development and recognition of African artists and the fight against malaria.
Another speaker highlight is Barry Swartzberg, Group Executive Director Responsible for International Strategy at Discovery. Discovery Health’s pioneering approach to incentivising people to be healthier is world-renowned.
The impact of the adoption of a Shared Value strategy underpins the organisation’s global success and new business growth. Other high-profile speakers include Sanda Ojiambo, Head of Corporate Responsibility at Safaricom, who will share her experience in multi-sectoral policy and development work throughout Sub-Saharan Africa, and Maria Papetti, Head of Enel Holdings, who will speak on sustainability, renewable energy growth and social equality.
The Summit will also feature Shared Value trailblazers like Dr Sara Saeed, winner of the UNICEF Global Goal Campaigner Award 2016, who will share insights into the doctHERS project in Pakistan.
Other participants include: Michelle Constant (CEO, BASA); Gordon Cook (Activist, Stir4Change); Zaakira Mahomed (Founder, Happy with a Purpose and Mina Cup), David Blyth (CEO, Yellowwood); Claire Reed (CIO, Reel Gardening); Genevieve Leveille (Co-Founder, 0TenTic8); Cecilia Kinuthia-Njenga (UNEP Head, South Africa); and Thomas van Viegen (EY Associate Director: Climate Change and Sustainability Services).
Embracing CSV is the key to long-term sustainability, enabling businesses to survive and thrive in a changing business climate. Shift Social Development, the team of women behind the Summit headed by Tiekie Barnard, aims to create an annual platform where Shared Value practitioners can share their stories and influence businesses and brands in the creation of Shared Value, thus embodying the Shift Social Development mantra of profit with purpose.