The Schwab Foundation for Social Entrepreneurship today announced 40 awardees for social innovation in 2019. The list includes start-up founders and chief executive officers, multinational and regional business leaders, government leaders and recognized experts who are working to address social and environmental issues with innovations in areas ranging from water purification to financial inclusion to combatting hate.
For more than 20 years, the Schwab Foundation has recognized social entrepreneurs as a new breed of leader – values-driven, inclusive, compassionate and entrepreneurial, developing new sustainable models for business, human development and environmental initiatives – and embedded them in the platforms of the World Economic Forum.
Now in its third decade, the Schwab Foundation has introduced three new award categories along with the established category of Social Entrepreneur of the Year: Public Social Intrapreneur, Corporate Social Intrapreneur and Social Innovation Thought Leader. These new categories recognize and support an ecosystem of social innovation to accelerate the world’s collective progress.
The awardees were selected by Schwab Foundation board members in recognition of their innovative approach and potential for global impact. These members of the board include Helle Thorning-Schmidt, Prime Minister of Denmark (2011-2015); and social innovation expert Johanna Mair, Professor of Organization, Strategy and Leadership at the Hertie School of Governance in Germany.
“Social entrepreneurs are no longer working in isolation – the Schwab Foundation recognizes the champions of social innovation in the social sector, but also in business, government and academia. We see social innovation as an ecosystem of pioneering actors with a common purpose,” said Hilde Schwab, Co-Founder and Chairperson of the Schwab Foundation for Social Entrepreneurship. “We have introduced the new award categories based on the multistakeholder model of the World Economic Forum as we endeavour for this dynamic community to build platforms for greater and more sustained change.”
“The 2019 Schwab Foundation awardees represent a new ecosystem of leaders who are driving change and shifting organizations and systems towards a more just, inclusive, sustainable future,” said François Bonnici, Head of the Schwab Foundation for Social Entrepreneurship. “Not only do they demonstrate alternative models that better serve our society and planet, but they also show that mobilizing and transforming society is possible by instilling innovation into the levers of policy, finance, and research for greater inclusion and sustainability.”
The 2019 awardees are:
Founders or chief executive officers who solve a social or environmental problem, with a focus on low-income, marginalized or vulnerable populations
Jalil Allabadi (Jordan), Chief Executive Officer, Altibbi. He created a digital health platform on awareness, information and advice for the MENA region, reaching more than 200 million users.
Mehrdad Baghai (Australia), Co-Founder, Chairman and Chief Executive Officer, High Resolves. This enterprise combats hate with education through immersive learning experiences that have engaged more than 300,000 students in Australia alone, and continues to expand globally.
Sanjay Bhatnagar (India), Chief Executive Officer, WaterHealth International. Using commercially available water purification technologies, remote monitoring and smart card systems, WaterHealth International provides affordable, safe drinking water to nearly 450 underserved communities.
Alex Eaton (USA), Chief Executive Officer, Co-Founder, Sistema.bio. This clean energy and fertilizer company for smallholder famers has reached more than 36,000 people, more than half of whom are below the global extreme poverty line; and treated over 100 million tonnes of organic waste.
Mostafa Farahat (Egypt), Chief Executive Officer and Co-Founder, Nafham. Farahat co-founded an online educational video platform for students that uses the power of the crowd to simplify and explain curriculum lessons through short videos.
Roberta Faria (Brazil) and Rodrigo Pipponzi (Brazil), Co-Founders, Editora Mol. They created a social impact publisher that develops printed materials – magazines, books, calendars, guides – at below-market prices, and directs parts of its revenue to social organizations in Brazil.
Phillip Goff (USA), Co-Founder and President, Center for Policing Equity. He founded the Center for Policing Equity to serve as a bridge between police departments and communities to alleviate problems of race and policing, resulting in 25% fewer arrests and 33% fewer use-of-force incidents.
Prema Gopalan (India), Director, Swayam Shikshan Prayog. Gopalan promotes women’s economic and social empowerment as entrepreneurs and leaders for sustainable community development, helping 145,000 women succeed in remote or ailing markets.
Lisa McLaughlin (USA), Chief Executive Officer, and Robin McIntosh (USA), Co-Founder and Co-Chief Executive Officer, Workit Health. Under their leadership, Workit Health provides online opioid addiction treatments, helping more than 1,300 opioid use disorder patients in two years.
Enyonam Nthabiseng Mosia (South Africa), Co-Founder and Chief Marketing and Customer Experience Officer, Eric Silverman (USA), Co-Founder and Chief Operating officer, and Alexandre Tourre (France), Co-Founder and Chief Executive Officer, Easy Solar. This innovative pay-as-you-go solar distribution company in West Africa makes energy affordable for the underserved.
Kennedy Njoroge (Kenya), Co-Founder and Co-Chief Executive Officer, Cellulant. This enterprise provides mobile payments and digital commerce, impacting 17 million unbanked farmers in sub-Saharan Africa.
Christopher John Ralph Sheldrick (United Kingdom), Chief Executive Officer, what3words. what3words is a global address system that divides the world into a grid of 3m x 3m squares, each allocated with a fixed and unique three-word address. It has also been adopted by NGOs, aid organizations, emergency services, delivery companies and governments to improve business efficiencies, drive growth and save lives
Joseph Thompson (Ireland), Chief Executive Officer and Co-Founder, AID:Tech. Thompson leads AID:Tech in deploying blockchain technology to deliver international aid, helping more than 70,000 clients.
Hla Hla Win (Myanmar), Chief Executive Officer and Founder, 360Ed. This enterprise transforms outdated 40-year-old textbooks into animated and colourful learning materials, impacting about 35,000 people in 2018.
Corporate Social Intrapreneurs
Leaders within multinational or regional companies who drive the development of new products, initiatives, services or business models that address societal and environmental challenges
Rob Acker (USA), Chief Executive Officer, Salesforce.org, Salesforce. Acker leads the social enterprise branch of Salesforce, working to make its customer relationship management (CRM) available to the non-profit, education and philanthropy sectors.
Amar Ali (United Kingdom), Chief Executive Officer, Africa Improved Foods (Royal DSM). Africa Improved Foods leverages technology to produce high-quality fortified nutritious foods from grains sourced directly from smallholder farmers.
Khalil Daoud (Lebanon), Chairman and Managing Director, LibanPost. Under Daoud’s leadership, LibanPost’s refugee initiative has impacted more than 280,000 refugees.
Salah Goss (USA), Head, Mastercard Labs for Financial Inclusion, Mastercard. Goss oversees the development of digital solutions that positively impact low-income households in Africa and other developing markets.
Pranav Kothari (India), Vice-President, Large-Scale Education Programmes (LSEP), Educational Initiatives. Under Kothari’s leadership, LSEP products have reached more than 12 million underprivileged students in India and closed bids to expand to 1,000 schools over the next three years.
Harald Nusser (Germany), Head, Novartis Social Business. Nusser and his team support global health through social business models that enable access to medicines against infectious and chronic diseases in lower-income countries. In 2018, NSB reached nearly 25 million patients with medicines and 7.9 million people with health education.
Garance Wattez-Richard (France), Head, Emerging Customers, AXA. Wattez-Richard founded AXA Emerging Customers, a business whose objective is to protect today’s and tomorrow’s middle class and close the insurance gap across emerging markets.
Public Social Intrapreneurs
Government leaders who harness the power of social innovation social entrepreneurship to create public good through policy, regulation or public initiatives
Ann Branch (Belgium), Head of Unit, European Commission, Branch is responsible for social and inclusive entrepreneurship. She leads work on implementing the European Commission’s agenda for social economy and social enterprises, including developing policy and financial instruments to promote social enterprises and enterprise opportunities for underrepresented and vulnerable groups.
Kim In-Sun (South Korea), President, Korea Social Enterprise Promotion Agency. Kim fosters and promotes social enterprises, providing consulting services to improve the business administration, technology, taxation and labour.
Christophe Itier (France), High Commissioner for a Social and Inclusive Economy and for Social Innovation, Ministry for the Ecological and Inclusive Transition of France. Itier coordinates the actions of French ministries to promote the field of social innovation and the social economy.
Geoff Mulgan (United Kingdom), Chief Executive, Nesta. Under Mulgan’s leadership, Nesta has launched a range of new initiatives in investment, programmes and research, and implemented new strategies to develop partnerships to promote innovation.
Maryam Uwais (Nigeria), Special Adviser on Social Investments to the Vice-President, National Social Investment and Welfare Programmes. Uwais works to provide affordable and accessible microcredit to microenterprises.
Jonathan Wong (Thailand), Chief of Technology and Innovation, United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). Wong has spearheaded social innovation and social enterprise in public policy with numerous governments across the Asia-Pacific region.
Social Innovation Thought Leaders
Recognized experts and champions shaping the evolution of social innovation
Julie Battilana (France), Professor of Business Administration, Harvard Kennedy School of Government. As Founder and Chair of the Social Innovation and Change Initiative, she examines the processes by which organizations and individuals initiate and implement changes that diverge from the norm.
Marie Lisa M. Dacanay (Philippines), President, Institute for Social Entrepreneurship in Asia (ISEA). Dacanay has led pioneering work on social entrepreneurship in a developing country context and led research on reducing poverty and women’s economic leadership.
Cheryl L. Dorsey (USA), President, Echoing Green. At Echoing Green, Dorsey identifies transformational leaders through its fellowships and other innovative leadership initiatives.
Fadi Ghandour (Jordan and Lebanon), Executive Chairman, Wamda Capital. Ghandour is shifting the entrepreneurship ecosystem in the Middle East and North Africa through Wamda, a funder and start-up incubator.
Filipe Santos (Portugal), Dean, Católica Lisbon School of Business and Economics. His leading work across academia, practice and policy has helped to advance social entrepreneurship in Portugal and Europe.
Peter M. Senge (USA), Senior Lecturer Behavioral and Policy Sciences, MIT-Sloan School of Management. Senge’s work focuses on developing extended learning and change communities, particularly on systems thinking.
Christian Seelos (Austria), Director, Global Innovation for Impact Lab, Stanford University. Seelos develops insight that helps organizations make better strategic and operational decisions about innovation, scaling and system change.
Roberto Mangabeira Unger (Brazil), Professor, Harvard Law School. As a philosopher, politician and law professor, Mangabeira Unger’s writings span the fields of social theory, philosophy of law, economics, religion, science and philosophy.
Frances Westley (Canada), J.W. McConnell Emeritus Professor of Social Innovation, University of Waterloo. Westley specializes in the areas of social innovation, sustainable development, strategic change, visionary leadership and inter-organizational collaboration.
Commission proposes draft mandate for negotiations on Gibraltar
The European Commission has today adopted a Recommendation for a Council decision authorising the opening of negotiations for an EU-UK agreement on Gibraltar. The Commission also presented its proposal for negotiating guidelines.
It is now for the Council to adopt this draft mandate, after which the Commission can begin formal negotiations with the United Kingdom.
Vice-President Maroš Šefčovič, the EU’s co-chair of the Joint Committee and Partnership Council, said: “By putting forward this draft mandate, we are honouring the political commitment we made to Spain to start the negotiations of a separate agreement between the EU and the UK on Gibraltar. This is a detailed mandate, which aims to have a positive impact for those living and working on either side of the border between Spain and Gibraltar, while protecting the integrity of the Schengen Area and the Single Market.”
Gibraltar was not included in the scope of the EU-UK Trade and Cooperation Agreement agreed between the EU and UK at the end of 2020. The Commission committed to begin the negotiation of a separate agreement on Gibraltar, should Spain request so. That is why the Commission is now recommending that the Council authorises the launch of specific negotiations on Gibraltar.
Today’s Recommendation builds upon the political understanding reached between Spain and the UK on 31 December last year. It is without prejudice to the issues of sovereignty and jurisdiction, and focuses on cooperation in the region.
The proposed negotiating directives put forward solutions to remove physical checks and controls on persons and goods at the land border between Spain and Gibraltar, while ensuring the integrity of the Schengen area and the Single Market. The proposals include rules establishing responsibility for asylum, returns, visas, residence permits, and operational police cooperation and information exchange.
Other measures are included in different areas, such as land and air transport, the rights of cross border workers, the environment, financial support, and establishing a level playing field. It envisages a robust governance mechanism, including a review of the implementation of the agreement after four years, the possibility for both parties to terminate the agreement at any time and the possibility of unilateral suspension of the application of the agreement under certain circumstances.
Spain, as the neighbouring Schengen Member State and as the Member State to be entrusted with the application and implementation of certain provisions of the future agreement, will be particularly affected by the agreement. The Commission will therefore maintain close contacts with the Spanish authorities throughout the negotiations and afterwards, taking their views duly into account.
With regard to external border control, in circumstances requiring increased technical and operational support, any Member State, including Spain, may request Frontex assistance in implementing its obligations. The Commission acknowledges that Spain has already expressed its full intention to ask Frontex for assistance.
The UK-EU Trade and Cooperation Agreement excluded Gibraltar from its territorial scope (Article 774(3)). On 31 December 2020, the Commission received a note of the proposed framework for a UK-EU legal instrument setting out Gibraltar’s future relationship with the EU. The relevant services in the Commission have examined this in close consultation with Spain. Building upon the proposed framework and in line with Union rules and interests, the Commission has today adopted a Recommendation for a Council decision authorising the opening of negotiations for an EU-UK agreement on Gibraltar and presented its proposal for negotiating guidelines.
IRENA Outlines Action Agenda on Offshore Renewables for G20
Boosting offshore renewables will accelerate the energy transition and allow G20 countries to build a resilient and sustainable energy system, a new report by the International Renewable Energy Agency (IRENA) finds. Offshore Renewables: An Action Agenda for Deployment actively contributes to the G20 agenda by identifying actions which support the commercialisation of offshore technologies such as wind, wave, tidal, ocean thermal and floating PV in pursuit of extending their deployment worldwide. The report was launched by IRENA’s Director-General Francesco La Camera during the meeting of G20 Environment, Climate and Energy Ministers in Naples.
“Offshore renewables have the potential to meet more than twenty times of today’s global power demand”, said Francesco La Camera, Director-General of IRENA. “Particularly offshore renewables constitute a critical pillar for decarbonising energy systems and fostering a global blue economy. I congratulate the G20 Presidency for their forward-looking decision to integrate offshore renewables in the G20 agenda. IRENA is pleased to support the G20 Offshore Renewables Action Agenda with our energy transition expertise and valuable input from our global membership.”
To put the world on a climate-safe pathway, IRENA’s 1.5°C scenario foresees a massive growth of offshore wind, ocean energy and floating photovoltaic in the coming decades. Offshore wind for example would increase from 34 gigawatts (GW) today to 380 GW by 2030 and more than 2,000 GW by 2050. Ocean energy would represent additional 350 GW of offshore renewable generation capacity by 2050.
Today’s report includes 50 concrete actions that G20 countries could take while defining their national strategies for offshore renewables. Suggested actions include the strengthening of oceans governance in line with UN Law of the Sea, the integration of offshore renewables in national marine spatial planning and early planning for infrastructure like underwater cables and grids. Policy frameworks, international cooperation and investment in R&D are key recommendations to drive offshore globally. The report recommends to promote financing for offshore within the “Finance Track” of the G20.
Offshore renewables have the potential to greatly contribute to SDG 14 on the sustainably use of oceans while boosting blue economy activities such fishery, shipping and tourism. A blue economy fuelled by offshore renewables would help islands and countries with coastal areas to meet their national goals aligned with the Paris Agreement and 2030 Sustainable Development Agenda.
The G20 is well placed to foster offshore renewables. Members account for the vast majority of global economic activity and trade and are home to over three-quarters of total offshore renewable installed capacity to date. 99.3% of total offshore wind capacity and nearly all installed ocean energy capacity globally can be found in G20 countries.
Today’s report was prepared by IRENA on the request and to the Italian Presidency of the G20. It benefited from the input of the G20 Working Group on Energy and insights by IRENA’s global membership gained under the Agency’s Collaborative Framework on Offshore Renewables.
Commission overhauls anti-money laundering and countering the financing of terrorism rules
The European Commission has today presented an ambitious package of legislative proposals to strengthen the EU’s anti-money laundering and countering terrorism financing (AML/CFT) rules. The package also includes the proposal for the creation of a new EU authority to fight money laundering. This package is part of the Commission’s commitment to protect EU citizens and the EU’s financial system from money laundering and terrorist financing. The aim of this package is to improve the detection of suspicious transactions and activities, and to close loopholes used by criminals to launder illicit proceeds or finance terrorist activities through the financial system. As recalled in the EU’s Security Union Strategy for 2020-2025, enhancing the EU’s framework for anti-money laundering and countering terrorist financing will also help to protect Europeans from terrorism and organised crime.
Today’s measures greatly enhance the existing EU framework by taking into account new and emerging challenges linked to technological innovation. These include virtual currencies, more integrated financial flows in the Single Market and the global nature of terrorist organisations. These proposals will help to create a much more consistent framework to ease compliance for operators subject to AML/CFT rules, especially for those active cross-border.
Today’s package consists of four legislative proposals:
- A Regulation establishing a new EU AML/CFT Authority;
- A Regulation on AML/CFT, containing directly-applicable rules, including in the areas of Customer Due Diligence and Beneficial Ownership;
- A sixth Directive on AML/CFT (“AMLD6”), replacing the existing Directive 2015/849/EU (the fourth AML directive as amended by the fifth AML directive), containing provisions that will be transposed into national law, such as rules on national supervisors and Financial Intelligence Units in Member States;
- A revision of the 2015 Regulation on Transfers of Funds to trace transfers of crypto-assets (Regulation 2015/847/EU).
Members of the College said:
Valdis Dombrovskis, Executive Vice-President for an Economy that works for people, said: “Every fresh money laundering scandal is one scandal too many – and a wake-up call that our work to close the gaps in our financial system is not yet done. We have made huge strides in recent years and our EU AML rules are now among the toughest in the world. But they now need to be applied consistently and closely supervised to make sure they really bite. This is why we are today taking these bold steps to close the door on money laundering and stop criminals from lining their pockets with ill-gotten gains.”
Mairead McGuinness, Commissioner responsible for financial services, financial stability and Capital Markets Union said: “Money laundering poses aclear and present threat to citizens, democratic institutions, and the financial system. The scale of the problem cannot be underestimated and the loopholes that criminals can exploit need to be closed. Today’s package significantly ramps up our efforts to stop dirty money being washed through the financial system. We are increasing coordination and cooperation between authorities in member states, and creating a new EU AML authority. These measures will help us protect the integrity of the financial system and the single market.”
A new EU AML Authority (AMLA)
At the heart of today’s legislative package is the creation of a new EU Authority which will transform AML/CFT supervision in the EU and enhance cooperation among Financial Intelligence Units (FIUs). The new EU-level Anti-Money Laundering Authority (AMLA) will be the central authority coordinating national authorities to ensure the private sector correctly and consistently applies EU rules. AMLA will also support FIUs to improve their analytical capacity around illicit flows and make financial intelligence a key source for law enforcement agencies.
In particular, AMLA will:
- establish a single integrated system of AML/CFT supervision across the EU, based on common supervisory methods and convergence of high supervisory standards;
- directly supervise some of the riskiest financial institutions that operate in a large number of Member States or require immediate action to address imminent risks;
- monitor and coordinate national supervisors responsible for other financial entities, as well as coordinate supervisors of non-financial entities;
- support cooperation among national Financial Intelligence Units and facilitate coordination and joint analyses between them, to better detect illicit financial flows of a cross-border nature.
A Single EU Rulebook for AML/CFT
The Single EU Rulebook for AML/CFT will harmonise AML/CFT rules across the EU, including, for example, more detailed rules on Customer Due Diligence, Beneficial Ownership and the powers and task of supervisors and Financial Intelligence Units (FIUs). Existing national registers of bank accounts will be connected, providing faster access for FIUs to information on bank accounts and safe deposit boxes. The Commission will also provide law enforcement authorities with access to this system, speeding up financial investigations and the recovery of criminal assets in cross-border cases. Access to financial information will be subject to robust safeguards in Directive (EU) 2019/1153 on exchange of financial information.
Full application of the EU AML/CFT rules to the crypto sector
At present, only certain categories of crypto-asset service providers are included in the scope of EU AML/CFT rules. The proposed reform will extend these rules to the entire crypto sector, obliging all service providers to conduct due diligence on their customers. Today’s amendments will ensure full traceability of crypto-asset transfers, such as Bitcoin, and will allow for prevention and detection of their possible use for money laundering or terrorism financing. In addition, anonymous crypto asset wallets will be prohibited, fully applying EU AML/CFT rules to the crypto sector.
EU-wide limit of €10,000 on large cash payments
Large cash payments are an easy way for criminals to launder money, since it is very difficult to detect transactions. That is why the Commission has today proposed an EU-wide limit of €10,000 on large cash payments. This EU-wide limit is high enough not to put into question the euro as legal tender and recognises the vital role of cash. Limits already exist in about two-thirds of Member States, but amounts vary. National limits under €10,000 can remain in place. Limiting large cash payments makes it harder for criminals to launder dirty money. In addition, providing anonymous crypto-asset wallets will be prohibited, just as anonymous bank accounts are already prohibited by EU AML/CFT rules.
Money laundering is a global phenomenon that requires strong international cooperation. The Commission already works closely with its international partners to combat the circulation of dirty money around the globe. The Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog, issues recommendations to countries. A country that is listed by FATF will also be listed by the EU. There will be two EU lists, a “black-list” and a “grey-list, reflecting the FATF listing. Following the listing, the EU will apply measures proportionate to the risks posed by the country. The EU will also be able to list countries which are not listed by FATF, but which pose a threat to the EU’s financial system based on an autonomous assessment.
The diversity of the tools that the Commission and AMLA can use will allow the EU to keep pace with a fast-moving and complex international environment with rapidly evolving risks.
The legislative package will now be discussed by the European Parliament and Council. The Commission looks forward to a speedy legislative process. The future AML Authority should be operational in 2024 and will start its work of direct supervision slightly later, once the Directive has been transposed and the new regulatory framework starts to apply.
The complex issue of tackling dirty money flows is not new. The fight against money laundering and terrorist financing is vital for financial stability and security in Europe. Legislative gaps in one Member State have an impact on the EU as a whole. That is why EU rules must be implemented and supervised efficiently and consistently to combat crime and protect our financial system. Ensuring the efficiency and consistency of the EU AML framework is of the utmost importance. Today’s legislative package implements the commitments in our Action Plan for a comprehensive Union policy on preventing money laundering and terrorism financing which was adopted by the Commission on 7 May 2020.
The EU framework against money laundering also includes the regulation on the mutual recognition of freezing and confiscation orders, the directive on combating money laundering by criminal law, the directive laying down rules on the use of financial and other information to combat serious crimes, the European Public Prosecutor’s Office, and the European system of financial supervision.
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