‘In late November, Business Council for Sustainable Development in Hungary (BCSDH) and NESsT Hungary jointly hosted the “Sharing Hot Chocolate for Shared Value” event in Budapest, which focused on opportunities companies can do together with social enterprises for a better world.

A dozen representatives of major Hungarian companies attended the event. Nicole Etchart, CEO and founder of NESsT, presented the lessons of a recent research on the topic, highlighting three different models that corporations can engage with social enterprises, 1- as part of the company´s value chain, 2- as a provider of services for the company, 3- as an option for companies to go beyond CSR and provide longer term social investment to social enterprises. These three models were shared with examples of successful cooperation from abroad.

bcsdh

Anna Horváth, Country Director of NESsT Hungary, shared examples of Hungarian social enterprises, and the services and products they offer to the business sector. Some of these included matyodesign who using the first model has designed and produced exclusive promotion gifts for Univer, and also Alko-soft who using the second model is offering IT support services to Investum.  We surprisingly discovered that the entire NESsT Portfolio in Hungary is engaged with local companies – either as part of their value chain or providing essential products and services. In some cases, the companies are also engaged through employee volunteerism.

kockacsoki_1

Participants found the topic inspiring and a vivid discussion followed the presentations about the successes and challenges of the social enterprise sector, the ecosystem and the opportunities for corporations to engage with social enterprise.  The audience was also interested to learn more about impact investment and how the industry is providing capital to social enterprises. Kockacsoki, an enterprise that produces artisanal chocolate that works with young people with autism, provided the venue and the hot chocolate for the event. Other NESsT Enterprises were also present which provided instant opportunity for interactions.

You can take a look at the presentations here.

We hope that this was only the beginning of a mutually beneficial partnership between social enterprises and responsible companies, and that the dialogue will continue around Shared Value!

Leave A Comment...