The C.K. Prahalad Award, created in 2010 to honor founding CEF Advisory Board member C.K. Prahalad, recognizes exceptional, globally significant private section action that exemplifies the fundamental connection between sustainability, innovation and long-term business success in a globalizing world. The Prahalad Award seeks to honor globally significant action(s) by companies, individuals, and/or collaborations in any or all of the following areas:
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NEIL HAWKINS, VP of Sustainability and Environment, Health & Safety at The Dow Chemical Company. Hawkins was recognized for his long track record of exceptional sustainability leadership within and outside of his company. His most recent standout achievement was forging a breakthrough collaboration with The Nature Conservancy to help Dow and other companies recognize, value, and incorporate nature’s services into global business goals, decisions and strategies.
THE SUSTAINABLE APPAREL COALITION. The Sustainable Apparel Coalition was honored for its pioneering efforts to unite the world’s apparel and footwear companies around a shared vision to reduce environmental harm and have a positive impact on communities. The Coalition is developing an Index to measure the environmental and social performance of apparel and footwear products across the value chain. Since its 2011 launch, the Coalition has grown to include companies representing over one third of the world’s apparel and footwear industry.
UNILEVER and CEO PAUL POLMAN. Unilever and Paul Polman were recognized for matching a bold vision of “long-term capitalism” with equally impressive action. The company’s Sustainable Living Plan sets out ambitious goals for 2020 that build on a long history of commitment and action on corporate sustainability issues including: halving the company’s overall environmental imprint, helping over one billion people take action to improve their health and well-being, and sourcing 100% of its agricultural raw materials sustainably. Read More.
COCA-COLA and CEO MUHTAR KENT were honored for their galvanizing international leadership on critical global environmental issues-- including helping catalyze 450 members of the Consumer Goods Forum to pledge net zero deforestation by 2020 in procurement-- as well as the company's comprehensive efforts to embed sustainability intocore business strategy. Video and background
WALMART BRASIL AND CEO HECTOR NUNEZ were recognized for historic leadership in galvanizing sustainability supply chain commitments that could be decisive in protecting Amazon ecosystems. Video and background.
C.K. Prahalad was the Paul and Ruth McCracken Distinguished University Professor at the Ross School of Business, University of Michigan specializing in corporate strategy. After decades of interaction with Global 500 CEOs as one of the world’s most well-respected management strategists, C.K.’s passing brought an abrupt end to what would surely have been a successful mission to innovatively expand sustainability agendas in boardrooms and executive suites across the globe.
C.K. was also a founding member of the CEF Advisory Board and an active participant in the CEF Annual Meetings. With Ram Nidumolu and M.R. Rangaswami, C.K. authored a 2009 Harvard Business Review cover story, "Why Sustainability is Now the Key Driver of Innovation."
C.K.'s authored or co-authored many best-selling business books, including Multinational Mission: Balancing Local Demands and Global Vision (1987), Competing for the Future (1994), The Future of Competition: Co-Creating Unique Value with Customers (2004), and The Fortune at the Bottom of the Pyramid: Eradicating Poverty through Profit (2004).
A prominent world-class figure, C.K. was named number one in the Thinkers50 (the most influential thinkers in management alive today) poll conducted by Suntop media and the Times of London. He was consulted by the top management of many of the world's foremost companies. C.K. served on the Board of Directors of Pearson Plc, Teradata Corporation, Hindustan Unilever Limited, TVS Capital and the World Resources Institute.