Nestlé S.A. has recently kicked off its 2018 Creating Shared Value (CSV) Prize, seeking out winning initiatives from across the globe.
The Nestlé CSV Prize offers all social and commercial enterprises, as well as non-governmental organisations (NGOs) prizes totalling RM2.2 million (CHF 500,000) for innovative business initiatives that address challenges in nutrition, water or rural development, which can be scaled up or replicated. Shortlisted entrepreneurs will also be able participate in the 2018 World Water Forum in Brazil to pitch their initiatives live to the Nestlé CSV Council.
Nirmalah Thurai, Executive Director, Group Corporate Affairs, Nestlé (Malaysia) Berhad, said, “There are many innovative socially-conscious projects run by amazing Malaysians. This is a wonderful opportunity showcase these initiatives on a global platform and we strongly encourage Malaysian change makers to submit their ideas.”
This is the 8th edition of the Nestlé CSV Prize, which is held every two years. This year, it celebrates Nestlé’s 10 years of Creating Shared Value, a philosophy which is embedded throughout the Group. CSV is based on the belief that for a company to be successful in the long term and create value for its shareholders, it must also create value for society.
Since the Nestlé CSV Prize was established, Nestlé S.A. has supported nine initiatives, helping them unlock their potential and create a greater impact. The last winner in 2016 was Agro-Hub from Cameroon, an agricultural production and marketing agency connecting smallholder farmers with sustainable markets. Previously in 2014, Honey Care Africa won for its Sweeter South Sudan programme, helping farmers generate additional income from honey production.
Online applications for ideas on nutrition, water or rural development are open from now until October 31, 2017 at www.changemakers.com/creatingsharedvalue. For more information, visit http://www.nestle.com/csv/what-is-csv/nestleprize.
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