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Social innovation and shared value
Society today faces complex social challenges, which cannot be addressed in isolation. Recognising businesses are a critical part of the solution, Deloitte is taking steps to pursue ‘shared value’ initiatives.
Society today faces complex social challenges, which cannot be addressed in isolation by either the government or the not-for-profit (NFP) sector. Recognising they are a critical part of the solution, a growing number of Australian businesses are taking steps to pursue ‘shared value’ initiatives.
Shared value refers to a set of corporate policies and practices that enhance the competitiveness of a company, simultaneously advancing social and economic conditions.
Deloitte Australia is committed to helping Australian businesses to understand the opportunities for growth and competitive advantage that exist regarding shared value. To increase awareness of shared value across the Australian private sector, Deloitte Australia is proactively facilitating greater cross-sectoral collaboration. The firm convenes forums that bring together business, government and not-for-profit sector leaders to discuss our collective response to important societal challenges.
Our October 2014 ‘Profit with Purpose’ event brought together over 150 influencers to explore the importance of cross-sectoral collaboration in achieving shared value initiatives.