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Making Business Work for Society
About Steward Redqueen
Steward Redqueen is a strategy consulting firm that aims to make business work
for society. Out of Amsterdam, Barcelona and Princeton we execute projects
around the world. As specialists since 2000, Steward Redqueen focuses on integrating sustainability, quantifying impact and facilitating change. Clients appreciate our rigorous analysis, our ability to solve complex problems, and for being
ahead of the curve. We work for (multinational) corporations, (development)
financials and public sector organizations.
World Class Impact Assessments
“These studies conducted by Steward Redqueen together with its associate partner Prof.
Ethan Kapstein of INSEAD will present opportunities to increase our positive social and economic impact within our markets.”
Peter Sands, CEO Standard Chartered
“The Steward Redqueen study would always be a masterpiece and a reference point for government agencies and other mining companies. I therefore urge other mining companies in
the country and even beyond to emulate the good example of Newmont Ghana.”
Mr. Henry Ford, Deputy Minister for Lands & Natural Resources, Ghana
”The results of Steward Redqueen’s SEIA have truly helped us get better insights into our positive business impact. I appreciate the focused and practical way in which Steward Redqueen
obtained and presented this innovative type of management information.”
Door Plantenga, Managing Director Bralirwa S.L. (Heineken), Rwanda
Kinderhuissingel 4 a/b
2013 AS Haarlem
+31(0)23 553 0400 ph
www.stewardredqueen.com
[email protected]
“I highly value the way Steward Redqueen managed to interact with all relevant parties within our organization. The studies are an appreciated tool which I always have with me and
regularly use in conversations with stakeholders.”
Nikolaus Tacke, Director European Government Affairs, The Coca-Cola Company
Why carry out a socio-economic impact assesment?
Example of client communication
“Mr Sands (CEO Standard
Chartered) said that the documents would also be “useful
for catalysing discussion” with
government authorities over
political and legal reforms that
could help promote economic
development.”
In the long run, business cannot succeed in societies that fail or fail to share the fruits of economic
growth. Your company therefore must include societal interests in its decision making and look
for shared benefits. The better stakeholders understand how your company contributes to a economic development the more they will support its strategic goals.
Through an in-depth assessment a company can quantify its total direct and indirect socio-economic impact in a particular country or region and analyze the myriad of ways through which it is
connected to the economy. Such an assessment helps to answer questions like:
• How important is the company and its value chain to the local economy’s GDP and employment? How can this footprint be increased?
• What is the broader effect of management decisions and how do policy changes affect the
company’s impact?
• What is the company’s direct and indirect environmental impact? How can it increase the
resource efficiency of its value chain?
Financial Times
Standard Chartered launches
impact reports
October 2010
Why assess your impact with Steward Redqueen?
Coca-Cola in Great Britain
Steward Redqueen has a long track record of socio-economic impact assessments in many developed and developing countries and in sectors as varied as agriculture, mining, food & beverage,
manufacturing, pharmaceuticals, banking and private equity. Companies we work for appreciate
our innovative analysis and visualization and many government and civil society stakeholders
regard our studies as robust and credible. This credibility comes from using audited company
data together with the best available country data and from applying rigorous economic methodologies (e.g. the input output methodology developed by Nobel laureate Wassily Leontief) in
combination with reasonable assumptions and a prudent interpretation of the results.
What are the results?
A Steward Redqueen assessment of your company’s socio-economic impact will deliver quantitative information on jobs, incomes, profits and taxes generated in the entire economy, the
company’s supply chain, in individual sectors and in specific regions. Resource use, carbon emissions, income distribution and household level impacts can be quantified as well depending on
the scope. Results of our studies have been used for infographics, apps, videos and scenario tools
and are intensively used in internal and external stakeholder interaction. We have changed the
perspective of many senior executives who viewed stakeholder interaction as a Corporate Social
Responsibility or Public Affairs activity rather than as a core element of the company’s strategy.
Based on the results of our studies many governments and stakeholders started viewing our clients as a true partner for growth.
Track record
We have completed over 100 socio-economic impact assessments
and evaluations for international organizations of which many in
Africa, Asia-Pacific, Europe, North and South America. These projects cover various sectors, such as food & beverages, (development) finance, extraction, pharma, recreation and agriculture.
“By mapping a company’s relationship to the economy in which
it operates businesses can do
much to advance their strategic
objectives and advance local
economic growth.”
Stanford SOCIAL
I N N O VAT I O N R e v i e w
Sourcing Locally for Impact,
Dr Kim and Prof Kapstein
(Steward Redqueen)
September 2011
“Any investment decision
also influences the extent to
which local supply chains are
strengthened. Some sectors
have stronger linkages to the
rest of the economy than others. This is country specific.”
IFC
Private sector contributions
to job creation and poverty
reduction
October 2012