Palladium Hosts Shared Value Event in PNG
The Impact Economy: Creating Shared Value for Social Impact and Financial Return
Palladium was pleased to launch the first of their Positive Impact events in Port Moresby last week at the Grand Papua Hotel. This was the first in a series of regional workshops exploring the importance of the Impact Economy: specifically, how private sector organisations can do good socially and do well financially at the same time, building powerful coalitions that address complex societal issues.
Our suite of high profile panellists spoke about why the concept of Shared Value is critical to operating in PNG, sharing their own Shared Value initiatives.
The panel represented a broad cross section of PNG’s private sector, including:
- Mark Baker: Managing Director, ANZ PNG
- Paul Thornton: General Manager, Retail, Bank of South Pacific
- Stephanie Copus-Campbell: Executive Director, Oil Search Foundation
- Frank Kramer: Chief Executive Officer, Kramer Auseco & Chairman, Kumul Petroleum Holdings Limited
- Gavin Murray: Country Manager, ANZ, Timor-Leste, PNG & Pacific Islands, IFC
- Beatrice Mahuru: CEO, Digicel PNG Foundation
- Lesieli Taviri: Country Manager, Origin Energy PNG
- Allan Bird: Former Chairman, Innovative Agricultural Grants Scheme (under AusAID)
Panellists discussed the importance of identifying initiatives/causes that are strongly linked to their organisation's mission and vision, but also stressed that execution and building a strong supporting coalition are both critical to truly realising and sustaining the Shared Value vision.
Panellist Beatrice Mahuru, CEO of Digicel PNG Foundation, said, ‘The development landscape has changed. We cannot continue to do business as usual. We need to diversify our resource base and audit how we’ve done things, and part of that diversification audit is to advance projects and programmes from being sustainable ones to being profitable ones. And for this to happen, there needs to be inclusive growth…Digicel Chairman Denis O’Brien captures the Shared Value perspective succinctly: “Where Digicel as an organisation grows, so too must its communities.”’
Joan Cabezas, Palladium’s Asia-Pacific Region Director for Strategy Execution, also acknowledged the importance of discussing Shared Value in the PNG context: 'It is exciting to realise the amount of shared value initiatives already in place in PNG coming both from the private and the public sectors. The challenge now is how to bring them to scale and how to execute them in a timely and professional manner, delivering the expected impact outcomes to all the stakeholders.’
The second event in the Positive Impact series will be held in Jakarta on the 16th of February 2016. Sydney, Canberra and Brisbane will follow in March 2016. More details to be released shortly.
We are now calling for panellists for these upcoming events. If you can add value to these sessions, please contact Christina Robinson, Events & Marketing Coordinator, at firstname.lastname@example.org.