University of Maryland Business school releases a sweeping new report
college park, md., December September 2022 /PRNewswire/ – Today, the Center for Social Value Creation (CSVC) is University of Maryland The Robert H. Smith School of Business has published an extensive report on the most effective strategies for driving environmental and social value creation (ESVC). The report lays out a new framework for understanding how companies in nine industries can generate meaningful, measurable improvements in environmental and social performance across industries.
CSVC identified six specific ways, or “levers,” that companies can use to drive ESVC outcomes: product research, development and innovation, sustainable production, supply chain management, alliances, financial and in-kind support, and talent management. CSVC also determined which levers were most effective for each of the nine industries reviewed. The report identifies three types of institutional changes that can leverage ESVCs effectively: operating structures, financing, and measurement/reporting.
More than ever, consumers are demanding a values-based commitment to sustainability and social good from brands across industries. CSVC research found that 80% of ESVC commitments are driven by growing consumer demand. These commitments appear in official announcements and press coverage under a variety of names: CSR, ESG, sustainability, etc. CVSC has developed the term “Environmental and Social Value Creation” or ESVC, Covers a wide range of actions and initiatives designed to benefit the bottom line and the wider world.
“CSVC is pleased to present this groundbreaking investigation into how businesses are responding to the surge in consumer demand for ESVC programs,” said Nima Fasic, Director of China Venture Capital. He added: “While the report is comprehensive, it marks a beginning rather than a conclusion. We hope to have an ongoing dialogue on how businesses can simultaneously drive financial growth and social and environmental value. Indeed, the bottom line and ESVC’s efforts reinforce a other.”
To get closer to ESVC’s working definition North AmericaCSVC and Sattva Consulting between January and July 2022. The team studied the ESVC plans of companies in nine industries: consumer goods and retail, energy, healthcare, technology, financial services, automotive, hospitality, telecommunications, and entertainment. Interviews with senior sustainability/ESG executives and 15 industry experts from 13 companies and an in-depth review of more than 150 academic and corporate reports corroborate the study’s findings.
“The need for ESVC initiatives is evident across industries,” he said Christine Fallon, Head of Global Brand GE Healthcare and CSVC Board Member. “However, each company faces its own challenges and has its own unique interests. It is therefore important to deploy the ESVC strategy that best suits your business. Together we have the opportunity to enter a new phase of social value creation. But what companies need to know is possible and what steps they can take.”
To download these new materials and learn more about CSVC, visit their website Gentlemen
About the Center for Social Value Creation at Robert Smith College
the robert h. smith school is University of Maryland business school.As one of the University’s 12 colleges and schools, Smith College engages with the nation’s business, government, nonprofit and professional networks Washington DCmetropolis.
The Center for Social Value Creation is a dedicated Smith College program designed to drive positive social and environmental outcomes combined with strong business performance. CSVC sponsors original research, events, and scholarships for Smith College students, alumni, corporate partners, and our larger community looking to apply for a business degree in the ESVC field.
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resource University of Maryland Robert H. Smith School of Business