Announcing the 2024 Shared Value Awards winners
The Shared Value Awards shed light on game-changers, bold innovators, and adventurous pioneers who dare to disrupt the status quo in a quest to create value for business, society and the planet. This year was no exception. We discovered many astonishing and impactful initiatives in APAC. In Asia alone, an impressive total of 7 finalists were recognised in Hong Kong, and for the first time, a finalist was acknowledged in South Korea. Well done to the finalists and congratulations to all the winners. A special congratulations goes to Nan Fung Development Ltd, from Hong Kong, who received the Program of the Year award!
The seven finalists in Hong Kong attended the Shared Value Awards watch party at JEB Group where the announcement was live-streamed from Melbourne: Arup, Ethical Supply Chain Program, HSBC, Sustainable Office Solutions, Nan Fung Development Ltd, Voice for Social Good, and TMS.SITE.
Advancing Equity
- WINNER: THE FINANCIAL WELLBEING COLLECTIVE – Financial Coaching in partnership with Keystart. Designed for early intervention and resetting people’s relationship with money to drive long-term financial resilience and well-being.
- HIGHLY COMMENDED: AIA AUSTRALIA – Age Well Menopause Program. A collaborative wellbeing program designed to educate and support both women and the medical community to advance wellbeing and return to work outcomes.
Climate and Nature Solutions
- WINNER: CONSERVATION VOLUNTEERS AUSTRALIA. Build back nature, one block at a time – in partnership with Arup and the Bupa Foundation, Conservation Volunteers Australia (CVA) has developed Nature Blocks – a fun, simple, and impactful way to build back biodiversity in urban areas, while creating a community of nature stewards.
Enhancing the Community
- WINNER: CHANCE CREATORS GROUP – social employment. This program creates chances for people who have been impacted by the justice system by providing meaningful employment and wraparound support through two social enterprises: Fruit2Work and Recycle4Change.
- HIGHLY COMMENDED: INTREPID TRAVEL – First Nations Tourism Mentoring. This collaborative program empowers First Nations people to seize tourism as a viable business opportunity, meeting the growing demand for authentic experiences while creating economic and social benefits for Aboriginal and Torres Strait Islander communities.
Partnerships for Purpose
- WINNER: ANZ – Saver Plus Program. This program brings financial education and matched savings together to build lifelong and life-changing savings habits. Since 2003, more than 58,000 people have joined the program, together saving more than $29 million and receiving more than $24 million in matched funds from ANZ. Saver Plus was developed by ANZ and the Brotherhood of St Laurence, and it is delivered nationally in partnership with Berry Street and The Smith Family with funding from ANZ and the Australian Government Department of Social Services.
Shared Value Bravery
Individual
- WINNER: CATHERINE FITZPATRICK – A champion of dismantling systems of financial abuse, Catherine is a worthy winner. Her collaboratively created “Designed to Disrupt” series exposes how financial products and services can be weaponised for abuse. Within a year of its release, 14 major banks adopted the primary recommendation.
Organisation
- WINNER: IMPACT SQUARE. Based in Korea, this impressive organisation feels like we have found a long-lost cousin. An impact accelerator in Asia, dedicated to impact business making a great breakthrough against the fundamental dilemma between impact and economic value of our world.
Shared Value Innovation
- WINNER: THE ENERGY CHARTER – Knock to Stay Connected. A national CEO-led collaboration that ensures those most in need receive a face-to-face discussion and access to hardship options to avoid a possible disconnection. This powerful voluntary program came about through the collaboration of 25 consumer and energy representatives
Shared Value Investing & Philanthropy
- AUSTRALIAN IMPACT INVESTMENTS. A recognised pioneer in impact investing with over $320m directed to 71 investments. Their Total Impact Portfolio (TIP) Strategy demonstrates that every dollar can be mobilised for positive change without compromising financial goals.
- HIGHLY COMMENDED: HOPE HOUSING. An innovative program aimed at essential workers with a co-investment loan to help buy homes near places of work. Both a pathway for homeownership and a vehicle for institutional investors to focus on the residential market.
- HIGHLY COMMENDED: MUTUAL TRUST. This organisation has embedded a shared value philosophy into their investment management approach, their investment offering. Their Responsible Investment model portfolio was designed to specifically illustrate the benefits of shared value: so far, delivering market or better returns whilst having a positive impact.
Shared Value Philanthropy
- WINNER: INTREPID FOUNDATION – A great way to fuel a shared value agenda, is by aligning your foundation or philanthropic endeavours to your core business. The Intrepid Foundation is an example of doing just that. By embedding the philanthropic spirit into travel products and educating tour guides to share local stories and activities, the Foundation enhances the traveller experience, allowing them to explore not just the world, but the world of impact and become a donation partner themselves.
Shared Value Program of the Year
- WINNER: NAN FUNG DEVELOPMENT LTD – The ‘Net Positive Lease’ Initiative created by Nan Fung Developments was a finalist in two categories, Innovation and Climate & Nature and was chosen by the judges to receive a “Program of the Year ” award. Reimagining tenant and landlord relationships in ways that create shared value is long overdue. Through well planned collaborations, incentives, carbon tracking, and partnering with localised impact partners, the initiative helps its tenants meet their ESG targets, as well as reduce their own Scope 3 emissions. This asset owner leverages its convening power and role to enable and scale sustainable solutions.
Congratulations again to all involved.
The Shared Value Awards are brought to you in collaboration between Shared Value Project and Shared Value Initiative Hong Kong.