• CREATING SHARED VALUE

    CONNECTING BUSINESS SUCCESS WITH SOCIAL PROGRESS

    Redefining Successful Business

    Drive profits and productivity for the company while simultaneously advancing the social and environmental conditions

    Addressing society’s needs and driving commercial success does not need to be in conflict with each other. Building a social value proposition into corporate strategy enables companies to unlock opportunities for business innovation and growth, and to become more sustainable financially in the long run. An increasing number of companies are making successful attempts in approaching social and environmental causes as business opportunities – driving profits and productivity for the company while simultaneously advancing the social and environmental conditions in the communities in which it operates. Capturing such opportunities will also become increasingly important to the competitive advantage of businesses.

    Business for Social Good Outstanding Awards

    Identify local examples of creating social and environmental benefits through profit-making businesses

    The Business for Social Good Outstanding Awards, the first award of its kind in Hong Kong, launched by Our Hong Kong Foundation, is an attempt to identify local examples of creating social and environmental benefits through profit-making businesses. Through this award programme, we aspire to advocate for new and better ways to deliver products and services, meet market needs, nurture productive enterprises and build a progressive society.

  • Past Winners of BSG Outstanding Awards

    The Business for Social Good Outstanding Awards, is an attempt to identify local examples of creating social and environmental benefits through profit-making businesses.

    LAWSGROUP – D2 Place

    Winner of

    Business for Social Good Grand Award

    A unique 4-step model for supporting young designers and entrepreneurs to grow their business. The unique creative offering of the young entrepreneurs attracted visitors to patron D2 Place. As business of the young entrepreneurs grow, D2 Place is able to collect higher rent through a profitsharing scheme. D2 Place also helped re-vitalize Lai Chi Kok area and raised interest in local design.

     

    Watch D2 Place's Story

    Lee Kum Kee

    Winner of

    Business for Social Good Award

    A household brand for cooking sauce in the Chinese community and beyond, Lee Kum Kee worked with farmers from Gansu province in China, introducing quality seeds, modern agricultural know-how and farm management practice to the local farms. The outcome is higher crop yield and improved livelihood for the farmers, while the company enjoys a secured supply of quality raw materials for manufacturing chilli sauce.

     

    Watch Lee Kum Kee's Story

    Fimmick

    Winner of

    Business for Social Good Award

    A digital marketing company that set up a social enterprise to promote traditional craftsmanship in Hong Kong. Through running social media campaigns and online marketplace, Fimmick helped the old craftsmen expand their business, while gaining a better understanding of the silverhair market and intergenerational marketing tactics to support Fimmick’s own business.

     

    Watch Fimmick's Story

    Towngas

    Winner of

    Business for Social Good Award

    New business opportunities through turning waste into energy. Towngas worked with Nethersole Hospital in Hong Kong to install a combined heat & power system, which generates electricity from landfill gas. It helps the hospital save HK$2.7M of energy cost per year, while Towngas is able to collect HK$3M of additional revenue. This also leads to a net reduction in carbon emission, creating mutual benefits for Towngas, its customer and the society.

     

    Watch Towngas' Story

  • How to Get Involved?

    Five Simple Steps

    1

    SUMMARISE YOUR STORY

    Summarise your story in not more than 1,000 words.

     

    You may describe strategies and practices of your businesses, and how you create impacts in enhancing your competitive advantage while simultaneously advancing social and environmental conditions. Use the selection criteria as a guide in writing your story.

     

    Submissions deadline
    21 June 2019

    2

    COMPANY VISIT

    Share your story in our visit to your company.

     

    We will arrange visits to shortlisted applicants. The visits will involve interviewing your employees and/or stakeholders of your business. This helps us better understand your story.

     

    July and August 2019

    3

    PANEL INTERVIEW

    The shortlisted applicants will be invited to meet a prestigious panel of judges formed by leaders from both business sector as well as social and environmental non-profit sector.


    There will be an in-depth discussion on your journey of using your business as a force for good.

     

    August 2019

    4

    COMMUNITY OUTREACH

    If you are selected as one of the finalists, you will be involved in the production of a video, highlighting the essence of how you create shared value for both your company and the community and the environment at large. The video will be shared with CEOs of Hong Kong businesses, social and environmental non-profit organisations, as well as students studying at local universities.

     

    They will collectively select, among the finalists, winners of the BSG Outstanding Awards.

     

    September and October 2019

    5

    AWARD PRESENTATION CEREMONY

    All BSG Outstanding Award winners will be recognised in an award presentation ceremony, tentatively scheduled in November 2019, and their stories will be featured through media and roadshows.

     

    November 2019

  • The Entry Form

    Submit your application to us by the following online entry form on or before 21 June 2019. In the application form, please summarise your business strategies and describe how you advance social and environmental conditions through your profit-making business.

  • Let Us Help

    No worries if you still have questions after reading the information here, please indicate your interest and we are ready to further explain to you. If you are not sure about your story, the best way is to share with us first!

    Hong Kong Council of Social Service (2864 2966) or Our Hong Kong Foundation (2603 3080)
  • ORGANISER

    Our Hong Kong Foundation (OHKF) was founded in November 2014 by Mr C.H. Tung, the Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference. The OHKF is a leading non-profit and non-governmental organisation dedicated to promoting Hong Kong’s long-term interests and sustainable development by drawing upon Hong Kong’s unique advantages and opportunities under the framework of ‘One Country, Two Systems’.

     

    To accomplish our mission, the OHKF has set up the Public Policy Institute, the China Institute, the SciTech Innovation platform, the Business for Social Good platform, the Academy of Chinese Studies, and the Hong Kong Chronicles Institute.

    ORGANISER

    Business for Social Good (BSG) is a platform created by the business leaders in Hong Kong, with the purpose of advancing social innovation and caring for our society through creating shared value. We believe that, while creating values for their shareholders, companies can at the same time use their core competence and resources to address social issues. BSG is established by Our Hong Kong Foundation with the support of over 120 business leaders as founding members. These business leaders joined the BSG platform in their personal capacity. With their collective wisdom and influence, the BSG platform aims to become a catalyst to inspire other business leaders to join their rank for the advancement of our society.

    STRATEGIC PARTNER

    GLG is the world’s leading platform connecting professionals with expertise. We pair businesses and nonprofits in every sector with the largest network of experts from around the globe to drive smarter, faster decisions. Our clients rely on GLG’s 650,000+ member-experts and almost 2,000 employees to provide 24/7 insight and exceptional service within our rigorous compliance framework. We bring the power of insight to every great professional decision. Visit www.glg.it.

    STRATEGIC PARTNER

    McKinsey & Company is a management consulting firm that help leaders make distinctive, lasting, and substantial improvements in performance, and constantly build a great firm that attracts, develops, excites, and retains exceptional people.

    STRATEGIC PARTNER

    Hong Kong Council of Social Service (HKCSS), established in 1947, works to promote a just and inclusive society by promoting collaborative efforts among NGOs in service planning and development, facilitating cross-sectoral partnership, advocating equality, justice, social integration and a caring community. The Council has now become an umbrella organisation of over 460 Agency Members that provide quality social welfare services for those in need through 3,000 service units all over Hong Kong.

    SUPPORTING ORGANIZATION

    The Social Innovation and Entrepreneurship Development Fund (SIE Fund), as a catalyst for social innovation in Hong Kong, connects our community with different sectors, including businesses, NGOs, academics and philanthropies to create social impact through innovative solutions that address poverty and social exclusion. Mostly through intermediaries, the Fund provides visionary individuals and organisations with diverse resources in support of research, capacity building and the entire life cycle of innovative ventures, from idea incubation and seed funding to implementation and eventual scale-up. The ultimate goal is to foster an ecosystem where social entrepreneurs can thrive and innovative ideas, products and services can benefit society by meeting underserved needs, unleashing underutilised talents, promoting social inclusion, as well as enhancing the well-being and cohesion of the society.

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