Companies today are operating in a more complex and competitive environment where traditional models for doing business are no longer sufficient and expectations of business are growing both internally and externally. Many companies have long and robust histories of contributing to their communities as well as to more global societal needs, but this has been done primarily and historically through philanthropy and more traditional corporate social responsibility. However, companies are increasingly seeking greater alignment of these activities with their business interests in order to increase their value proposition. These same companies are also under increased pressure to build their business in a sustainable manner through innovative approaches.

The National Academies of Sciences, Engineering, and Medicine convened a workshop to explore the concept of shared value for global health and safety stakeholders in both the public and private sectors; roles, responsibilities, incentives, and opportunities for different stakeholders engaging in global health and safety initiatives in low- and middle-income countries; and the potential of partnerships and collaboration for improved outcomes for all stakeholders, including the communities they serve. Participants considered potential opportunities for creating shared value for all organizations, specifically the creation and impact of shared value through an organization's core products and services, through employee health and wellness programs, and through community or population health investments. This report summarizes the presentations and discussions from the workshop.

Contents

• The National Academies of SCIENCES • ENGINEERING • MEDICINE
• PLANNING COMMITTEE ON EXPLORING SHARED VALUE IN GLOBAL HEALTH AND SAFETY
• FORUM ON PUBLIC–PRIVATE PARTNERSHIPS FOR GLOBAL HEALTH AND SAFETY
• Reviewers
• Acknowledgments
• 1. Introduction
  • ORGANIZATION OF THE REPORT
• 2. Shared Value: Understanding Its Evolution and Opportunities to Improve Global Health
  • THE EVOLUTION OF SHARED VALUE
  • ISSUES IN HEALTH FOR CORPORATE-SECTOR ENGAGEMENT
  • OPPORTUNITIES FOR HEALTH: EMBRACING SHARED VALUE APPROACHES
• 3. Linking Performance and Investments in Health
  • GENERATING VALUE: STRATEGIC CHOICES FOR THE HEALTH CARE INDUSTRY
    Rebecca Weintraub.
  • CORE BUSINESS PRODUCTS AND SERVICES
    Frederic Sicre.
  • BENEFITS OF WORKPLACE HEALTH PROGRAMS
    Ray Fabius.
  • COMMON THEMES UNDERPINNING WORKPLACE HEALTH PROMOTION PROGRAMS
    Ron Goetzel.
  • ADDRESSING BOTH WORKPLACE AND COMMUNITY HEALTH
    David Wofford.
  • PANEL DISCUSSION
• 4. The Roles of Corporate Philanthropy, Corporate Social Responsibility, and Shared Value
  • DEFINING THE CONCEPTS OF CSR, PHILANTHROPY, AND SHARED VALUE
  • CSR FROM THE PERSPECTIVE OF HESS
  • STRATEGIC PHILANTHROPY FROM THE PERSPECTIVE OF MEDTRONIC
  • SHARED VALUE AND PHILANTHROPY FROM THE PERSPECTIVE OF GE
  • DISCUSSION
• 5. The Journey to Shared Value
  • OVERVIEW
    Kyle Peterson.
  • EXPERIENCES ON THE JOURNEY TO SHARED VALUE
• 6. Impacts of Shared Value on Partnerships and Other Stakeholders
  • CALVERT FOUNDATION
    Beth Bafford.
  • FINANCING FOR DEVELOPMENT
    Aron Betru.
  • CARE
    Abbey Davidson Maffei.
  • BROADREACH HEALTHCARE
    John Sargent.
  • ROBERT WOOD JOHNSON FOUNDATION
    Marjorie Paloma.
  • USAID
    Wendy Taylor.
• 7. Measuring and Reporting Corporate Impact
  • SUSTAINABILITY REPORTING
  • INTEGRATING HEALTH METRICS INTO CORPORATE REPORTING
    Brett Tromp.
• References
• APPENDIXES
  • Appendix A. Applying Shared Value Principles to Improve Global Health
  • Appendix B. Workshop Agenda
  • Appendix C. Speaker Biographical Sketches

Rapporteurs: Rachel M. Taylor and Francis Amankwah.

Suggested citation:

National Academies of Sciences, Engineering, and Medicine. 2016. Exploring shared value in global health and safety: Workshop summary. Washington, DC: The National Academies Press. doi: 10.17226/23501.