Through the prize, we reward initiatives that reflect the spirit of Creating Shared Value by addressing challenges in nutrition, water, or rural development.
The winners reflect Nestlé’s belief that for a company to be successful in the long term and create economic and social value for its shareholders, it must also create value for society as a whole.
Nestlé has announced the finalists for the Creating Shared Value Prize 2016: Natural Extracts Industries (NEI) from Tanzania and Agro-Hub from Cameroon. After four screening phases, the two finalists were selected from a group of 450 applicants by the Nestlé CSV Council, along with 9 independent experts and 9 Nestlé internal experts.
Both programs stand out for providing social-economic benefits to smallholder farmers in Sub-Saharan Africa, and increasing commercial value locally in the production of vanilla and cassava. They reflect good examples of how the private sector can contribute to increasing livelihoods in Africa.
Nestlé CEO Paul Bulcke will announce the winner of the Creating Shared Value Prize 2016 at the Creating Shared Value Forum on 21 June 2016. The winner will receive a share of CHF 500,000 in prize monies.
Natural Extracts Industries
Natural Extracts Industries is a social enterprise pioneering sustainable extraction of flavors in Tanzania. Founded in November 2011, NEI has established a value chain for the marketing of natural flavour extracts from vanilla, cacao and orange, working with smallholder farmers on the Tanzanian side of Mount Kilimanjaro.
Find out more: Natural Extracts Industries website
Agro-Hub is an agricultural production and marketing agency in south-west Cameroon working to help small-scale farmers gain access to sustainable markets. Agro-Hub has built a small-integrated factory to transform cassava into starch and garri, a type of tapioca, and sell it to its network of consumers through its own fresh food store (Agro-Mart).
Find out more: Agro-Hub website