Beyond Corporate Social Responsibility (CSR) and Creating Shared Value (CSV),
By Wayne Visser and Chad Kymal
Integrated Value Creation, or IVC, is an important evolution of the corporate responsibility and sustainability movement. It combines many of the ideas and practices already in circulation – like corporate social responsibility (CSR), sustainability and creating shared value (CSV) – but signals some important shifts, especially by focusing on integration and value creation. More than a new concept, IVC is a methodology which helps a company to integrate its response to stakeholder expectations (using materiality analysis) through its management systems (using best governance practices) and value chain linkages (using life cycle thinking). Ultimately, IVC aims to be a tool for innovation and transformation.