The research on Business for Good: Understanding the Motivations for Business to Create Shared Value was launched. This is a collaborative study commissioned in 2019 by the Hong Kong Social Entrepreneurship Forum, Ernst & Young, InnoFoco Limited and the global Social Innovation Exchange, with support of the Social Innovation and Entrepreneurship Development Fund (SIE Fund).
In this study, the motivations and push and pull factors for local, regional and international companies to adopt a stakeholder-centric approach in doing business were examined through 18 case studies. The topic of whether the younger population will play an increasingly important role in influencing business behaviour was studied as well. It was concluded with concrete recommendations on how different stakeholder groups – particularly government, business, educators and the media – can help promote the wider applications of business for good in Hong Kong.
For details, please refer to the executive summary and full report here.