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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