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
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.
Lee Kum Kee
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.
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.
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.
How to Get Involved?
Five Simple Steps
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