Today at the United Nations during UNGA week, Global Action Platform and KPMG International announced a new collaboration to recognize and encourage corporations to pursue shared value strategies that promote social progress and shared prosperity.
The multi-year collaboration between KPMG International and Global Action Platform will engage a distinguished steering committee of independent senior executives, economists, civic leaders and scholars in an ongoing program. The focus will be on developing metrics and criteria for effective shared value corporate strategy, nominating companies excelling in this area, and honoring achievement annually at the Global Action Summit, moderated and hosted this year by Fareed Zakaria (CNN).
The Global Shared Value Partnership Award will recognize and encourage corporations to address major societal challenges through innovative business strategy, that is, to create “shared value.” The award promotes private sector engagement and innovation that improve the quality of life and build prosperity for companies, individuals, communities, regions, and the world.
“At this critical transition in the national and global economy, Global Action Platform is honored to work with KPMG International in the creation of this ongoing shared value initiative and Award,” states Dr. Scott T. Massey, Founding Chairman and CEO, Global Action Platform. “Our international alliance of universities and businesses are working to create scalable, sustainable solutions for abundant food, health and prosperity for every person. We see this new partnership as an important way to advance these goals. KPMG brings tremendous thought leadership and analytics that can deepen our understanding of shared value and help us expand its impact.”
“KPMG International is excited to be working with the Global Action Platform to recognize excellence in creating shared value. Business has a critical role to play, in partnership with civil society, governments and the development community in working towards the achievement of the Sustainable Development Goals (SDGs). Creating shared value, which is good news for business and the community, is an essential way of building towards the achievement of the SDGs,” said Timothy A.A. Stiles, Global Chair of International Development Assistance Services, KPMG International.
The Shared Value Award will be presented annually at the Global Abundance Dinner, which serves as the closing ceremony of the Global Action Summit. This year’s Summit takes place 14-15 November 2016 in Nashville and will be hosted by Fareed Zakaria (CNN) for an audience of 500 global leaders and live streamed to a global audience.
Global Action Platform is the leading university-business alliance to advance scalable, sustainable solutions for abundant food, health, and prosperity. Global Action Platform contributes to achieving Sustainable Development Goals 1-3 and serves as the global think tank and convener for oneC1TY, a twenty-acre innovation park in Nashville, TN and as strategic global NGO partner for the Global Partnership for Sustainable Solutions-IPEU rural development project in the Philippines. Global Action Platform ongoing program activities are organized in four operating areas: CONVENE: a series of summits and forums for global leaders to build consensus for action; CHALLENGE: impact investment funds to advance transformative, scalable business solutions; CONNECT: online working groups and data analytic tools; and COMMUNICATE: a series of annual publications, online educational and investment platforms, and social media broadcasts. The ultimate goal is to create a world of abundance for all people, so that every single individual has a chance to thrive.
The Global Action Summit, hosted by Fareed Zakaria, is the most dynamic and innovative an annual forum focused on food, health, and prosperity for today’s global leaders. The aim of the Summit is to create, guide and facilitate leadership initiatives. Summit participants include senior-level business leaders, research scientists, and government officials, leaders of global agencies, NGO directors, and Summit Fellows.
KPMG is a global network of professional services firms providing Audit, Tax, and Advisory services. KPMG operates in 155 countries and has 174,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
KPMG’s IDAS professionals are among the most experienced providers of services to the public and development sectors in countries and regions where economies and finances are emerging. With local expertise in member firms worldwide, KPMG IDAS professionals work closely with emerging market stakeholders – government, civil society and private sector – to create sustainable change and effective, accountable service delivery. KPMG’s IDAS practice encompasses services in four major areas: Enhancing Impact, Ensuring Value-for-Money, Driving Accountability and Advancing Service Delivery. For more information, please visit our IDAS page.
Scott T. Massey or Dan Beyer
Global Action Platform
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The views and opinions expressed herein are the personal opinions of the interviewees and authors based on their personal experience working as Auditors in the industry and do not necessarily represent the views or opinions of KPMG International or any KPMG member firm.