Principles for Social Investment Secretariat Recognizes Global Social Investment Leaders
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Melbourne, Australia
(28 November 2012, Melbourne) – Ten businesses from around the world were recognized by the Principles for Social Investment Secretariat (PSIS) as “Social Investment Pioneers” for their outstanding contributions to community development in their regions and their global best practices.
Speaking at the Social Investment Pioneer Awards event, CEO of PSIS, Shaun Cannon, congratulated the companies recognized for their leadership and called on greater private sector commitment to supporting positive social change.
“The Social Investment Pioneer Awards showcase the excellent work of small and multinational organizations from around the world. While the projects are diverse, they all shared a common thread – the alignment of commercial practices and competencies with broad community development objectives. It is through business recognizing the opportunities that social investment presents, and by scaling implementation, that the problem of arrested development can be turned around,” said Mr. Cannon.
“With stronger corporate leadership, we can harness the private sector’s unique capacity and capabilities across research, technology, innovation and financial capital to help tackle complex social, economic and environmental challenges,” he continued.
Entries were received from 40 countries, and the ten organizations honoured as “pioneers” span five categories: responsible business, inclusive business, shared value, social enterprise and strategic corporate philanthropy.
About the Principles for Social Investment
The United Nations Global Compact established the Principles for Social Investment Secretariat (PSIS) to facilitate and improve the impact of social investment by Global Compact signatories, and thereby contribute to measurable and sustainable improvements in the quality of life for communities in need. Launched in 2011 from its headquarters in Australia, PSIS’s purpose is to champion and communicate the practice and goals of social investment, distribute resources which support companies to hold themselves accountable, and to facilitate international collaboration between social investment practitioners. For more information: www.p4si.org
Contact
Principles for Social Investment Secretariat
Shaun Cannon
shaun.cannon@p4si.org
UN Global Compact
Kristen Coco
cocok@un.org