Creating Shared Value (CSV) is a strategy for addressing society’s challenges through profitable business models. It is a new model for responsible companies to expand their markets and enhance profitability while at the same time advancing the economic and social conditions in the communities they operate.
Some of the prominent examples of CSV from around the world are listed as follows.
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Creating Shared Value with the Hope Development Accounts Programme (HDA)
The HDA Programme helped low-income females support themselves, contributing to poverty alleviation in Hong Kong. Staff members were mobilised to participate in the programme as mentors. The programme was well recognised with its model of fund-matching with the Partnership Fund for the Disadvantaged and another charitable foundation.
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Creating Shared Value with Visa Government Solutions
Visa takes part in a welfare scheme in the Dominican Republic by which prepaid cards are issued to the beneficiaries for the purchase of groceries; with the financial literacy of the people having been enhanced, a new market is also open to Visa.
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