The programmatic strategy for CGSGI focuses on two interrelated sets of issues: (1) core social development issues such as health and education, which provide the enabling environment for (2) sustainable economic development. CGSGI will engage partner organizations, NGOs, and national governments as necessary to develop programs at costs that can be sustained by local communities. CGSGI reflects the Clinton Foundation's programmatic philosophy, ensuring that programs are:
- Cost effective.
- Run like a business (with an emphasis on results, metrics, transparency, management, etc.).
- Consultative and inclusive, working not only with natural resources companies, but also with national governments, domestic and international NGOs, multilateral actors like the Inter-American Development Bank, and local communities.
- Additive rather than duplicative of existing efforts.
- Focused on scalability and sustainability.
Acting as an honest broker and multi-faceted partner, CGSGI is focused on alleviating poverty in the developing world, through market-driven development that creates jobs and increases incomes, as well as by strengthening enabling factors such as health and education. This Initiative builds on the Clinton Foundation's proven track record as an operating NGO in the developing world and on its success in implementing and scaling-up development initiatives.
CGSGI initial focus is on Latin America, where projects to strengthen enabling factors to growth such as health care, education, and entrepreneurship in Colombia and Peru are being implemented. CGSGI is also initiating projects in Mexico, and eventually, Africa.
Across these programs and future efforts, several core operating principles guide CGSGI's work. First, the organization serves as an honest broker, emphasizing trust, cooperation, and transparency, to bring together stakeholders who have not previously worked together. Second, CGSGI identifies effective projects currently being implemented by governments, NGOs, and/or the private sector, and explore ways to bring them to scale or replicate and adapt successful initiatives elsewhere. Third, CGSGI determines where its expertise and help is needed most - whether it be technical assistance, capacity building, or capital - and work with partners to provide it. Finally, in areas where the Clinton Foundation already possesses operational expertise, such as in health and business development, CGSGI will partner with local actors on implementation.
Individual and Corporate Commitments:
Frank Giustra - $100 million to CGSGI
Carlos Slim - $100 million to CGSGI
Robert Cross - $1 million to CGSGI
Steve Dattels - pledge of $200,000 a year for five years
Harald Ludwig - pledge of $50,000 to CGSGI
Mike Wekerle - $1 million to CGSGI
Inter-American Development Bank, President Luis Moreno
New Gold Inc., Julio Carvalho, CEO & President - pledge of $1 million to CGSGI
Rusoro Mining Ltd., Andre Agapov, CEO & Director - pledge of $1.125 million
Teck Cominco Ltd., David Parker, Director Corporate Affairs & Sustainability
Barrick Gold Corp, Peter Sinclair, Director CSR - Barrick Gold Corporation is committed to building the capacity of the education system in the countries where it operates. Barrick is currently developing a comprehensive package of educational programs aimed at training school teachers and improving educational infrastructure in remote areas in several countries in Latin America.
Canaccord Adams Ltd, Paul Reynolds, President & COO - Canaccord Adams and GMP Securities, as two of the leading underwriters in the mining industry, have agreed to support this initiative and will work with its corporate mining clients to allocate some portion of the underwriting proceeds in this sector to CGSGI.
Deloitte & Touche, LLP, Glenn Ives, North American Mining Leader - providing structuring advice and project evaluations.
Endeavour Financial Ltd, Neil Woodyer, CEO - a pledge of $1 Million to cover the operating costs required to operate CGSGI out of Vancouver. In addition, we also pledge further financial support with the intention to grant CGSGI 335,000 stock options of Endeavour Mining Capital Corp.
GMP Securities L.P., Gene McBurney, Chairman - underwriters in the mining industry, have agreed to support this initiative and will work with its corporate mining clients to allocate some portion of the underwriting proceeds in this sector to CGSGI.
Newmont Mining Corp., Steven Gottesfeld, Vice President, Communications and Public Affairs - working with the CGSGI in Peru to improve regional and local governmental capacity to more efficiently and effectively utilize the tens of millions of dollars of canon minero and voluntary royalties paid to those governments by Newmont's subsidiary, Minera Yanacocha.
Pacific Rubiales Energy Corp., Ronald Pantin, CEO - contributed an initial $2.2 million to the CGSGI this year and will contribute a further $1.0 million over the next three years, reinforcing Petro Rubiales ongoing commitment to sustainable growth in Colombia.
Seeking partners/resources
The Clinton Giustra Enterprise Partnership seeks to engage and encourage philanthropists, foreign aid agencies, and corporations, to join its goal of poverty alleviation either through impact investing, or engaging with the Partnership as a buyer, partner, or donor.
The Enterprise Partnership is seeking partners who are interested in participating in any of the following ways:
As an investor, in the Enterprise Partnership's social impact investing fund, Acceso, which creates new enterprises to strengthen various demand-driven supply chains
As an equity investor, to provide donations to support and strengthen one or more of the supply chain or distribution assets
As a donor, to support philanthropic activities that provide access to opportunities for low-income populations
Partners (private sector and NGO) seeking to cooperate by any of the following means; joint financing value chain improvements, providing technical and capacity building assistance to small producers
