Local authorities from CECP’s Global Exchange cite levering assets, purpose, support of sustainable development goals, and digitization as top of mind for large companies around the world
Further reinforcing world-wide trends seen over the last year among some of the world’s largest companies, affiliates of the Global Exchange, a network from CECP: The CEO Force for Good, have identified four key areas of focus taking root: Levering Assets, infusing Purpose throughout the business, broader support of the Sustainable Development Goals, and Digital Adoption and Integration in multiple areas.
CECP’s Global Exchange, an effort initiated nearly two years ago, seeks to unite country-based, mission-driven corporate societal engagement organizations to advance the corporate sector as a force for good around the world. Participating organizations – each a Global Exchange Local Authority in their respective country – combined cover 59% of the world’s GDP and 50% of global population. They include Admical in France, Beyond Philanthropy in Germany, CECP in the USA, Cemefi in Mexico, Comunitas in Brazil, CSRone Reporting in Taiwan, Dynamo Academy in Italy, Trialogue in South Africa, Korea Productivity Center in South Korea, Samhita in India, and, SynTao in Mainland China and Hong Kong. Local Authorities work individually with some of the world’s largest companies to support their societal engagement efforts, offering cultural learnings and context, expert data-driven insights on country-specific social impact efforts, and opportunities to deepen corporate programs in regions around the world.
“The Global Exchange’s leadership efforts in standard setting and benchmarking on corporate societal engagement around the world has been vital in meeting the needs of multinational companies,” said Carmen Perez, Director, Data Insights, CECP. “The Global Exchange network’s ability to identify key trends represents a powerful tool for companies seeking to find solutions to some of the world’s most pressing problems.”
Local Authorities report hearing from companies that these four trends are top of mind for CSR executives and practitioners around the world. The themes were echoed by findings in CECP’s Giving Around the Globe.
From impact investing, to data, to intellectual property, to brand and logistics, leading companies are solving societal challenges by leveraging their many skills and assets.
• Trialogue cited an example from South African cellular services company Vodacom, which set up a Stock Visibility Solution to enable clinic nurses to manage the availability of chronic medication and avoid supply depletion. The program offers South Africa’s Department of Health up-to-the-minute information on medication availability, enabling improved supply of necessary medications at clinics.