President Clinton Hosts
President Barack Obama, Egyptian President Mohamed Morsi, and Governor Mitt
Romney on Closing Day of 2012 Clinton Global Initiative Annual
Meeting
Eighth CGI Annual
Meeting Closes with over 150 new commitments made valued at more than $2
billion, expected to impact nearly 22 million people. Members have now made
nearly 2,300 commitments, which will improve the lives of over 400 million
people in more than 180 countries
First CGI Latin
America established. CGI University, CGI America dates
announced.
New York, NY – Today, President Barack Obama, Egyptian President Mohamed Morsi, and former Massachusetts Governor Mitt Romney joined President Clinton and other international leaders on the final day of the eighth Clinton Global Initiative Annual Meeting. Over three days, an array of heads of state, CEOs, non-profit leaders, and other global luminaries made over 150 new commitments, expected to impact nearly 22 million lives. To close the meeting, President Clinton and Chelsea Clinton announced plans for CGI University, CGI America, and the first CGI Latin America Meeting in 2013.
“I am convinced that cooperation, not conflict, will define this century,” said President Clinton. “From the capitols of the world to the most remote villages, people everywhere understand that there are universal challenges which face us all and are beyond the power of any individual to solve alone. As the eighth CGI Annual Meeting draws to a close, I celebrate our members who have committed to working together to meet these challenges head on. Their creative and focused actions will help to bring about a stable, sustainable world in which all people have a chance to thrive.”
The day’s theme, “Designing Our Systems,” emphasized that our interconnected world requires intentional systems of governance, community welfare, and commerce in order to create economic growth and provide for the social good. In the day’s sessions, CGI members examined tools and approaches used to design systems that enable sustainable prosperity and opportunity for all. Clinton Foundation and CGI board member Chelsea Clinton moderated a session called “The Case for Optimism in the 21st Century.”
Following President Clinton’s conversation with President Morsi, Chelsea joined President Clinton to announce details for CGI University 2013. Washington University in St. Louis will serve as next year’s site for the gathering that brings students, youth organizations, topic experts, and celebrities together to explore innovative solutions to pressing global challenges. The meeting will take place April 5-7, 2013 and convene more than 1,000 students representing approximately 300 colleges and universities around the world.
President Clinton revealed that CGI will hold CGI Latin America in Rio de Janeiro, Brazil next year in December. It marks the Clinton Global Initiative’s first overseas meeting since convening CGI Asia in Hong Kong in 2008. President Clinton also announced that CGI America, a meeting focused on collaborative solutions to economic recovery in the United States, will return to Chicago in June 2013.
Last night, President Clinton also honored this year’s recipients of the Clinton Global Citizen Award, Carlos Slim Helú, founder of Fundación Carlos Slim; Luis A. Moreno, president of Inter-American Development Bank; Denis O’Brien, chairman and founder of Digicel Group; Pepe Julian Onziema, programme director and advocacy officer of Sexual Minorities Uganda (SMUG); The Right Reverend Christopher Senyonjo, executive director of St. Paul’s Reconciliation and Equality Centre; and Katie Stagliano, founder and chief executive gardener of Katie’s Krops.
Featured speakers on the closing day of the Annual Meeting included Barack Obama, 44th President of the United States of America, Bill Clinton, 42nd President of the United States of America and founding chairman of the Clinton Global Initiative, Felipe Calderón, President of Mexico, Mohamed Morsi, President of the Arab Republic of Egypt, Tony Blair, Former Prime Minister of the United Kingdom, Mitt Romney, former Governor of Commonwealth of Massachusetts, Akinwumi Adesina, Minister of Agriculture and Rural Development, Federal Republic of Nigeria, Her Highness Princess Ameerah Al-Taweel, Vice Chairwoman and Secretary General, Alwaleed Bin Talal Foundations, Timothy F. Geithner, Secretary of the Treasury, U.S. Department of the Treasury, Ngozi Okonjo-Iweala, Finance Minister, Federal Republic of Nigeria, Sir Fazle Hasan Abed, Founder and Chairperson of BRAC, Walter A. Bell, Chairman of the Board, Swiss Re America Holding Corporation, Deepak Chopra, Founder, The Chopra Foundation and Founder and Chairman of the Board of The Chopra Center for Wellbeing, Wesley Clark, Chairman and CEO of Wesley K. Clark & Associates, Chelsea Clinton, Board Member of the William J. Clinton Foundation and the Clinton Global Initiative, Piers Morgan, host of CNN’s Piers Morgan Tonight, Art Naqvi, Founder and Group Chief Executive of Abraaj Holdings, Clarence Otis, Jr., Chairman and CEO of Darden Restaurants, Inc., Bill Parish, President of Mosaic, Judith Rodin, President of the Rockefeller Foundation, Charlie Rose, Executive Editor and Anchor of Charlie Rose, Irene B. Rosenfeld, Chairman and CEO, Kraft Foods Incorporated, Richard Stengel, Managing Editor of TIME Magazine, Luis A. Ubiñaa, President, The Ford Foundation, and will.i.am, Founder, i.am.angel Foundation.
The 2012 CGI Annual Meeting is sponsored by Abraaj Capital, American Federation of Teachers, Ambassador Gianna Angelopoulos, APCO Worldwide, Barclays, Bill & Melinda Gates Foundation, Blue Cross and Blue Shield of North Carolina, Booz Allen Hamilton, Cisco, CLSA Asia-Pacific Markets, Crédit Agricole Corporate and Investment Bank, Delos Living, Deutsche Bank, Diageo PLC, The Dow Chemical Company, Duke Energy Corporation, ExxonMobil, The Ford Foundation, Varkey GEMS Foundation, The Goldman Sachs Group Inc, Houghton Mifflin Harcourt Publishing, Hewlett Packard Company, Inter-American Development Bank, InterEnergy, Jive Software, Knoll Inc, Laureate International Universities, Microsoft Corporation, NRG Energy Inc, Procter & Gamble, The Rockefeller Foundation, Shangri-La Industries, Standard Chartered Bank, Starkey Hearing Foundation, Swiss Reinsurance Company, Tom Golisano, Toyota Motors Corporation, United Postcode Lotteries, The Victor Pinchuk Foundation, and Western Union Financial Services Inc.
The full program, webcast schedule, and list of all CGI Annual Meeting commitments are available here: clintonglobalinitiative.org/2012.
The following new commitments were announced in Plenary Sessions today:
NGO 2.0 Shaping the Next Generation of Social Entrepreneurs
Commitment by: Hult International Business School
In 2012, 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
Commitment by: Rwanda Ministry of Health
In 2012, 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
Commitment by: STARS Foundation
In 2012, 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
Commitment by: nanoICE
In 2012, 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
Commitment by: Tiyatien Health
In 2012, 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
Commitment by: Mercy Corps and the Swiss Agency for Development and Cooperation (SDC)
In 2012, 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
Commitment by: the MPULE Institute
In 2012, 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
Commitment by: Sabanci Foundation
In 2012 and 2013, 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
Commitment by: IntraHealth International
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
Commitment by: The PRASAD Project
In 2012, 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
Commitment by: Deutsche Bank Americas
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
Commitment by: United Water
In 2012, 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
Commitment by: FSG Advisors
In 2012, 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
Commitment By: B Lab
In 2012, 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.
The following progress reports were announced in Plenary Sessions today:
General Mills/PEPFAR/USAID Partnership for Food Security
Commitment by: General Mills, Inc.
In 2009, General Mills, in partnership with the Office of United States Global AIDS Coordinator (OGAC) and United States Agency for International Development (USAID), committed to link its technical and business expertise with small and medium-sized (SME) mills and food processors in sub-Saharan Africa, with the goal of improving those companies' ability to produce high-quality, nutritious, and safe food at affordable prices. This partnership will utilize the expertise of 1,200 experts in General Mills' research and development arm to investigate the challenges to locally sourcing supplemental and therapeutic foods for the U.S. President's Emergency Plan for AIDS Relief (PEPFAR). Ultimately, General Mills, in close partnership with the USAID Agriculture Bureau, aims to engage multiple Fortune 500 food companies in the provision of technical assistance to up to 200 SMEs in 15 countries.
Pollinator Habitat Improvement
Commitment by: Grief, Inc.
In 2009, Grief, Inc. committed to improving pollinator habitats using various silvicultural activities. Grief expects these treatments to increase pollinator populations and, ultimately, improve wildlife habitat for game and non-game species, songbirds and migratory birds. By improving wildlife habitat, timberland owners will justify increases in hunting lease revenues. Increasing pollinator populations will allow for greater yield on agricultural lands.
Girls Not Brides: Partnership to End Child Marriage
Commitment by: The Elders, The Ford Foundation, NoVo Foundation, and Nike Foundation
In 2011, the Elders, the Ford Foundation, the Nike Foundation, and the NoVo Foundation committed to jointly establish 'Girls Not Brides: The Global Partnership to End Child Marriage' (Girls not Brides). Girls not Brides is a member-driven partnership with a global focus. They also committed to raise $3 million to ensure the functioning of the partnership, the creation of a secretariat, and to seed activities to end child marriage in priority countries. In addition, they committed to establish a network of donors to support programs to end child marriage worldwide.
Developing MFI Social Performance Scorecard & Ratings
Commitment by: The Moody's Foundation
In 2010, Moody's, one of the world's leading sources for credit ratings, research, and risk analysis, committed to develop a scorecard and standardized rating for assessing the social performance of microfinance institutions (MFIs). The social performance rating will consider items such as client protection principles, client service, social impact measurement, and governance. As part of this process, Moody's will work with investors and MFIs to develop an understanding how social performance is assessed, create customized social performance tools, and publish research on how the industry assesses social performance. Moody's will work with a consortium of partners including The Social Performance Task Force, Grameen Bank, Women's World Banking, Blue Orchard, The MIX Market, Deutsche Bank, and ImpAct to design and develop the scorecards.
Western Union’s Our World, Our Family Program
Commitment By: Western Union Foundation
In 2008, Western Union Foundation made a commitment to initiate the Western Union's Our World, Our Family® program, a five-year, $50 million initiative designed to equip migrants and the communities they leave behind with the skills, knowledge, and resources essential to alleviating poverty. Worldwide, there are an estimated 500 million migrants working outside of their home countries, who sent home an estimated $369 billion in remittances in 2007. Western Union and its partners seek to leverage the talents, experience, and resources of migrants and other stakeholders to build capacity and extend access to capital and financial services to communities outside the financial mainstream. Since its inception, this program has achieved key milestones including developing a global partnership with Mercy Corps, launching an employee volunteerism program, introducing Western Union Global Giving Circles to support educational initiatives in India, and collaborating with the Economic Intelligence Unit to develop research and convene leading experts around the issue of migration.
Medical Supply Chain Transformation Project
Commitment By: The Coca-Cola Company
In 2010, the Coca-Cola Company (TCCC) committed to share its route-to-market expertise to support the Global Fund to Fight AIDS, Tuberculosis and Malaria (The Global Fund)'s ability to get vital drugs, medicines, and medical supplies to the people who need them most. It will do this initially through a pilot project wherein 10 months of direct support will be provided to the Medical Stores Department in Tanzania. There is potential for additional phases of work. The objective will be to test this innovation in public private partnering to build a model that encourages others to add their expertise. The company hopes to create a scalable, sustainable and replicable model that can be rolled out to other countries facing similar challenges related to the supply chains of critical medicines. It is envisaged that partnerships with multiple organizations from the public sector, private sector and civil society could be encouraged in future replications of this work.
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About the Clinton Global Initiative
Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI) convenes global leaders to create and implement innovative solutions to the world’s most pressing challenges. CGI Annual Meetings have brought together more than 150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media. To date CGI members have made nearly 2,300 commitments, which have already improved the lives of more than 400 million people in more than 180 countries. When fully funded and implemented, these commitments will be valued at $73.1 billion.
CGI also convenes CGI America, a meeting focused on collaborative solutions to economic recovery in the United States, and CGI University (CGI U), which brings together undergraduate and graduate students to address pressing challenges in their community or around the world. For more information, visit clintonglobalinitiative.org and follow us on Twitter @ClintonGlobal and Facebook at facebook.com/clintonglobalinitiative.
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