2012 CGI Annual Meeting Day 3
President Clinton, Mutar Kent, and Gabriel Jarmillo discuss distribution systems and supply chains during the Closing Plenary Session of the 2012 CGI Annual Meeting.
Yesterday, the third and final day of the 2012 Clinton Global Initiative Annual Meeting focused around the theme “Designing Our Systems,” highlighting how the world requires systems of governance, community welfare, and commerce to account for economic growth as well as social good. Watch the sessions and view photos.
The day opened with remarks from Governor Mitt Romney, which was followed by the morning plenary session on “The Future of Food.” The session was moderated by Judith Rodin, President of The Rockefeller Foundation, and panelists included Akinwumi Adesina, Minister of Agriculture and Rural Development, Federal Republic of Nigeria; Jason Clay, Senior Vice President, Market Transformation, World Wildlife Fund; Clarence Otis, Jr., Chairman and CEO, Darden Restaurants, Inc; and, Irene B. Rosenfeld, Chairman and CEO, Kraft Foods, Inc.
Prior to the afternoon plenary session, President Barack Obama addressed the importance of stopping human trafficking throughout the world. Watch President Obama’s remarks. The plenary session “Working Capital: Creating Value for Business and Society” was moderated by Richard Stengel, TIME Magazine’s managing editor, and panelists included Arif Naqvi, Founder and Group Chief Executive, Abraaj Holdings; Lynn Stout, Distinguished Professor of Corporate & Business Law, Jack G. Clarke Business Law Institute - Cornell Law School; and, Jochen Zeitz, Chief Executive Officer, Sport & Lifestyle Division and Chief Sustainability Officer, PPR; Chairman, PUMA.
There were also several special sessions, one which was a discussion about “The Case for Optimism in the 21st Century,” moderated by Chelsea Clinton with Jack Andraka, Student, North County High School and Cancer Researcher, John Hopkins University School of Medicine; Gregory Lucier, Chairman and CEO, Life Technologies; Ngozi Okonjo-Iweala, Finance Minister, Federal Republic of Nigeria; Billy Parish, President, Mosaic; and Luis A. Ubiñas, President, Ford Foundation. Watch the session.
The Annual Meeting closed with a conversation between President Clinton and Egyptian President Mohamed Morsi, where they discussed global issues and President Morsi’s ambitions for the future of Egypt. At the end of the plenary, President Clinton announced that in 2013, CGI will hold CGI Latin America in Rio de Janerio, Brazil in December and CGI America in June. Chelsea joined President Clinton on stage to also announce that CGI University will take place on April 5-7 at Washington University in St. Louis. Watch the closing plenary.
During the three-day event, more than 150 new Commitments to Action were made, which are expected to impact nearly 22 million lives. The new commitments President Clinton announced on the last day of the Annual Meeting are below.
NGO 2.0 Shaping the Next Generation of Social Entrepreneurs
The Hult Prize committed to help launch a new wave of student social entrepreneurs in response to a challenge made by President Clinton and building on the successes of past Hult competitions. This will be achieved by creating a start-up accelerator for social entrepreneurship designed to fund, mentor, advise and launch new social businesses. Through the continuation of its established global competition, Hult will bring together more than one thousand college and university students from over 130 countries, totaling more than 300 different colleges and universities. Working in five-person teams this spring, these students will compete at one of five global locations and online for the opportunity to spend the summer at the Hult Accelerator -- a world-class center for innovation in Boston -- and secure US$1 million in seed funding to start their businesses. Out of the hundreds of teams who will attend the regional stage of the competition, the best six teams will be selected to work at the Accelerator. Each of the six winning teams will then pitch their idea at CGI's Annual Meeting in September 2013, where President Clinton, along with CGI Meeting attendees will select and award the winning team with a $1 million prize.
Rwanda Human Resources for Health Program
The Government of Rwanda, partnering with the US government, the Global Fund, and leading health sciences universities committed $152,000,000 to create the Human Resources for Health (HRH) Program to build the health education infrastructure and workforce necessary for a high quality, sustainable healthcare system. Partnering with 7 leading medical schools, 5 nursing and midwifery schools, and 1 health management school, the program will send more than 100 faculty members to Rwanda annually to assist medical, nursing, and public health schools and teaching hospitals and to mentor educators and students.
20 x 20: To Serve 20 Million People by 2020
STARS Foundation committed $70,000,000 to impact the lives of 20 million people by 2020. This commitment will expand the Impact Awards program, which provides $100,000 grants in unrestricted funding to local NGOs, into 100 countries. A new awards category for NGOs improving access to Water, Sanitation and Hygiene (WASH) will be added, with grants to be awarded to organizations that together serve 10 million people. STARS will also launch “STARS Projects,” a new operational unit that will deliver new products and solutions for ‘base of the pyramid’ markets serving an additional 10 million people.
Post Harvest Project: Reducing Waste for Food Security
nanoICE committed $8,945,000 to launch the Post Harvest Project (PHP). This commitment will install new cold chain systems at the Port of Tema and Lake Volta that will dramatically reduce fish waste and fish shrinkage, providing more protein for Ghanaians and more income for fishers. The commitment will also install a manufacturing plant at the Port of Tema with a transportation station at Lake Volta to make organic fertilizer from fish waste to provide an environmentally safe, locally made fertilizer for 134,000 hectares.
mHealth From the Ground Up in Rural Liberia
Tiyatien Health and Medic Mobile committed $1,000,000 to build a model for community-based, mobile-enabled maternal, newborn and child health (MNCH) services in the Konobo district of Grand Gedeh, which has no mobile network and only one health facility. Through this commitment, Tiyatien Health will equip a pilot cadre of frontline health workers to deliver primary health care to all villages in the district for the first time.
Agri-Fin Mobile: Increasing Small-holder Income Through Mobile Mercy Corps and SDC committed $3,800,000 to develop new business models that offer mobile agricultural and financial services to small-holder farmers in Indonesia, Uganda and Zimbabwe. The Agri-Fin Mobile program will offer farmers access to mobile-based agricultural and financial services, including farm and crop management tools, financing, micro-insurance, and access to markets for their products, to increase their income.
In Women’s Hands: Empowering the Next Generation of African Female Leaders
The MPULE Institute committed $280,000 to develop the Network of Women Investing in Africa (NEW Africa) Leadership Program. By training and empowering women to excel in leadership roles in Ethiopia, Ghana and South Africa, NEW Africa will increase young African women’s representation and participation in the global development agenda, increase investment in social services and labor-saving technologies that are most beneficial to women, and unlock new opportunities in sectors proven to lift women and their families from poverty.
Brighter Futures: Ending Child Marriage in Turkey and Abroad
The Sabanci Foundation committed $400,000 to financially support, and help design, a meeting to take place in Istanbul in February 2013 and organized by Girls not Brides, where participants will design advocacy and communication strategies to end child marriage. Using these strategies, the Turkish National Platform to End Child Marriage will educate 200 parliamentarians and policy makers and 500 families, religious leaders, teachers, and officials in Turkey about the negative impacts of child marriage.
Next Generation Technology for Frontline Health Workers
IntraHealth commits $500,000 to design a scalable e/mLearning Program in Kenya, building on initial success in its partnership with the Kenyan Medical Training College network. IntraHealth will design a scalable eLearning model that will first be applied in two training institutions, where more than 80 frontline health workers will be equipped with new a/mLearning skills. Once the model is designed and tested, IntraHealth will make it available to frontline health workers across Kenya.
A Budding Interest: Organic Farming
The PRASAD Project committed to addressing regional issues of environmental degradation, economic disempowerment, illiteracy, and food insecurity in the Tansa Valley of India by supporting local farmers and their families address these issues through the establishment and expansion of several programs, including the adoption of organic farming techniques. To address land degradation and soil erosion problems, the PRASAD Project will provide training in organic farming and horticulture to local farmers. They will aid in the implementation of an integrated watershed program for better, more sustainable water resource use and will implement soil conservation and tree planting programs. To address regional economic issues, the PRASAD Project will help farmers and their families access markets for their food and other agricultural outputs. The PRASAD Project, in conjunction with these activities, commits to providing a series of trainings to community residents which include literacy, vocational, environmental education, social health awareness, and sanitation and solid waste management programs. To support the long term impact and sustainability of these programs and initiatives, the PRASAD Project will conduct these trainings with the support of a number of Self-Help Groups (SHGs). Adopting a multifaceted approach recognizes that these issues are interrelated and inextricably linked.
Essential Capital Fund
In 2012, Deutsche Bank committed to structuring an innovative seven-year investment fund - the "Essential Capital Fund" - that provides crucial catalytic funds to socially responsible investment funds and enterprises that support the microfinance and social enterprise sectors. The Fund represents a pioneering effort in the impact investing field because it provides risk mitigation mechanisms for others investors. Specifically, by deferring a portion of its management fee, generating a savings reserve via a step coupon mechanism for investor returns and offering a 10 percent guarantee, the Fund promises to unlock significant capital currently reluctant to engage in unproven sectors. Slated to reach $50 million in portfolio size by 2015 and designed in collaboration with leading social impact stakeholders, the Essential Capital Fund will invest in 1) "first loss" positions of debt funds, 2) guarantees on loan syndications, 3) loans to impact investments and 4) other innovative opportunities.
United Water 'Solution': Investing in America's Water
United Water committed to partner with institutional investors to form entities that will provide Nassau County, New York and the City of Bayonne, New Jersey with private capital to pay down accumulated debt and initiate capital investment in their municipal water systems. Through this five year commitment, United Water will take over operations and repairs of these water systems in exchange for resident-paid water usage fees. The municipalities, while clearing millions of dollars of accumulated debt, will maintain ownership and regulatory oversight of these systems. This unique partnership and innovative financial solution will promote job creation, create a cleaner environment, and ensure that ownership and stewardship of the water system never leaves public hands.
Establishment of the Shared Value Initiative
FSG committed to establish the Shared Value Initiative (SVI), a multi-stakeholder organization that will serve as a global knowledge and learning hub for companies and other stakeholders on the shared value concept, with key corporate co-founders. The SVI will capitalize on the current momentum around shared value by driving adoption amongst companies and by improving implementation at companies that have already engaged in shared value strategies. The SVI will engage in four major activities - deepen and document knowledge, create toolkits for implementation, build communities of practice via physical and virtual engagement opportunities, and steward the concept of shared value. Within the first two years, the founding partners aim to establish the SVI by developing an interactive communications platform, developing shared value content and events, and conducting outreach to a wide-range of stakeholders by identifying and developing outreach plans for stakeholders critical to shared value adoption and implementation.
Building a Global Movement to Redefine Success in Business
B Lab committed to extend the B Corp movement globally and grow the community of B Corps by 250 businesses, with a goal of reaching 20 countries on 6 continents by December 2013. Organizations that register as B Corps are purpose-driven to create a more inclusive and sustainable economy, with legal underpinnings that allow them to produce value for society as well as shareholders. B Lab will build on the momentum of the B Corp movement in the US and begin its global campaign first in South America, partnering with its first international partner Sistema B to build a founding class of 100 B Corps in the region by the end of 2013. This global initiative will include policy work to create a new corporate form and policy incentives, extensive use of B Lab's standards and technology platform, and partnerships with organizations that have regional presence and expertise.
See more highlights from the Annual Meeting.