Nestle launches CSV Prize

A conteSt to enable winners make investment to create significant difference in helping to scale up or replicate business-oriented initiatives, has been launched by Nestlé, a leading nutrition, health and wellness company.

Winners could win up to 500,000 Swiss Franc to address challenges in nutrition, water or rural development.

In this regard, nominations for the contest dubbed, “2016 Nestlé Creating Shared Value (CSV) Prize”, has opened till February 28.

A statement issued by Nestlé in Accra said its overall aim is to reward the best examples of initiatives worldwide and to encourage others to adopt the approach.

The Nestlé CSV Prize is awarded every second year.

According to the statement, CSV runs deep throughout Nestlé’s global operations and is based on the belief that for a company to be successful in the long term and create value for its shareholders, it must also create value for the society.

In selecting the winner, the CSV Council would be looking for an entry that is innovative, applies environmentally sustainable practices, has demonstrated results on a small scale and could be viably scaled-up to help improve people’s lives, the statement said.

In 2014, the Prize was awarded to three organisations including Honey Care Africa, which won the overall CSV Prize for its Sweeter South Sudan programme, which helps farmers to generate additional income from honey production.

Also selected was MSABI Tanzania for its True Life Water Point programme that provides access to safe water and sanitation and Sanergy for its Sustainable Sanitation in Africa’s Informal Settlements programme to make affordable and hygienic sanitation accessible to people in low income urban areas.

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