To Press Releases listFeb 25, 2017
Nairobi: Nestlé SA has called on Kenyans to nominate individuals, government bodies, non-governmental organizations, members of the academia and social enterprises for its 2016 Nestlé Creating Shared Value (CSV) Prize. The nominations will see Kenyan nominees compete globally for a KSh48million (CHF 500,000) prize.
The Nestlé CSV prize is awarded every two years to help scale up or replicate business-oriented initiatives that address challenges in nutrition, water or rural development.
“Kenyan organizations have fared well since the launch of the prize in 2009 with a Kenyan project taking the runner up position in 2012 and a further two other organizations winning in 2014,” said Cornel Krummenacher, CEO of Nestlé Equatorial African Region (EAR).
In 2012, UK’s Excellent Development and its Kenyan partner African Sand Dam Foundation were the runners up while in 2014, Kenyan based Honey Care Africa (HCA) beat others in the world to win the prize for their South Sudan project.
Another Kenyan organization, Sanergy, emerged runners up winning KSh13million in 2014 to help replicate its sanitation project in Nairobi’s Mukuru slums to other informal settlements.
“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 society,” said Cornel.
The closing date for the nominations will be on 28th February 2015.
In selecting the winner, the CSV prize council looks for projects that are innovative, those that apply environmentally sustainable practices, demonstrate results on a small scale and can be viably scaled-up to help improve people’s lives.
Over 757 applicants from 93 countries applied for the 2014 CSV Prize.
About the Nestlé CSV Prize
The Prize is awarded every two years to help scale up or replicate business-oriented initiatives that address challenges in nutrition, water or rural development. More information on the CSV Prize is available on http://www.nestle.com/csv/what-is-csv/nestleprize/about-csv-prize