About Business with Purpose

Purpose /ˈpəːpəs/, to most, relates to a search of the reason why and what something or someone is to become. In recent years, “purpose” is also emerging as a competitive advantage and a powerful way to blend business and society, where companies with an established sense of purpose – measured by social impact – were seen to significantly outperform the S&P 500 by over 1,000% over 15 years (EY / Harvard Business Review, 2016). The business case for “purpose” becomes increasingly clear, but building it to inspire stakeholders and trust is more than just creating a mission statement in the office.

In February 2021, the “Business with Purpose” platform was formed through an Impact Partnership between The Hong Kong Management Association (HKMA) and Social Ventures Hong Kong (SVhk). It is united by our common vision to support corporate and social leaders in redefining sustainability, while reinforcing a shared mission to embed PURPOSE in action for a better collective future for HKMA’s members and the wider business community.

Signatories 2023

Signatories 2022

Signatories 2021

Highlights of 2022 Pledge in Action Signing Ceremony

Meet Our Influential Impact Leaders 2021

Mrs Bally Wong
Founder & Chairman
ABC Pathways Group

Mr Angus Slater
Former Managing Director
Bupa (Asia) Limited

Mr T K Chiang
Managing Director
CLP Power Hong Kong Limited

Mr David Yeung
Founder and Chairman
Green Monday Group

Prof Simon Wong JP
Chairperson and CEO
LH GROUP

Prof Randy Lai
CEO
McDonald’s Hong Kong

Ms Apple Kong
Group Director
Sunshine Laundry Group

Mrs Elizabeth Kok
Director and Senior Advisor
Swire Properties Limited

Dr Delman Lee
Vice Chair
TAL Apparel Limited

Mr Francis Ip
Executive Director and Deputy CEO
Yip’s Chemical Holdings Limited

What We Do

To help businesses realise their full potentials, a series of “Business with Purpose” initiatives will be launched under the pillars of Advocacy, Award, Advisory and Academy.

By activating a stronger supporting ecosystem to advance purpose-led values, the platform hopes to inspire and nurture purposeful leadership and future talents for our business community.

Pledges in Action

Together we declare purpose, and put our vision into action

2030 is fast approaching, as are our aspirations to realise the United Nation’s Sustainable Development Goals. Every baby step matters.
Starting from 2021, we invite all business leaders to declare PURPOSE.

• Purpose in Action
  Prioritise purpose in business strategy. Action-based approach.
• Universal Employee Development
  Culture of inclusion, wellbeing, innovation and co-creation.
• Responsible Investing
  ESG-aligned investments. Community ventures for collective impact.
• Planet-friendly Practices
  Eco-friendly workplace and infrastructures. Solutions to combat climate change.
• Operational Impact & Accountability
  Corporate governance. Impact evaluation. Shared value approach.
• Supply Chain Sustainability
  Collective actions and partnerships. Integrated lifecycle model.
• Ethical Consumption
  Conscious consumption movement. Sustainable living for the next generation.

Highlights

JUMPSTART YOUR PURPOSE JOURNEY, TODAY

Stay tuned for the latest Business with Purpose happenings:

Advocacy

• Join our pledge in action and declare purpose. Together.
• Join our “Business with Purpose” Network

Award

• The Hong Kong Sustainbility Award – apply by 14 May here

Academy

• Advanced Executive Diploma in ESG Strategy and Innovation for Net-Zero – sign up here
• Executive Diploma in Sustainability, ESG and Green Finance – sign up here
• Executive Certificate in FinTech and Sustainable Finance – sign up here
• Executive Certificate in Green Finance and ESG – sign up here
• Executive Certificate in ESG Planning (Certified ESG Planner CEP®) – sign up here
• 碳交易與綠色金融高級行政證書課程 – sign up here
• 綠色金融、可持續發展及環境、社會與企業管治行政證書課程 – sign up here
• Workshop on ESG and Green Finance for Leadership – Why, What, How – sign up here
• Workshop on Sustainability & ESG – Opportunities for Insurance and Wealth Management Professionals – sign up here

Advisory

• Limited free social innovation lab sessions by Social Ventures Hong Kong – sign up here

Our Impact Partner

Social Ventures Hong Kong (SVhk)

Social Ventures Hong Kong (SVhk) is an Impact Purpose Organisation dedicated to reimagining a purpose-driven city. Since its founding in 2007, SVhk has invented over 40 social innovation projects including Light Be (empowerment housing), Green Monday (plant-based movement), and HATCH (co-working factory). SVhk is also committed to mainstreaming impact value creation through its “Business 2.0” platform and has advised a number of notable Hong Kong businesses including Airport Authority Hong Kong, Cathay Pacific, the Urban Renewal Authority, and the Hong Kong Broadband Network.

Contact Us

Interested in the above? Please join our “Business with Purpose” Network to stay tuned for our upcoming initiatives, or contact us via businesswithpurpose@hkma.org.hk.