Give a Day 20: Paving the Way for Impactful Entrepreneurship in Cambodia 

Entrepreneurial ecosystems
The 20th edition of Give a Day unfolded on February 1st, 2024, under the topic “Navigating Impact Management and Transparency to Achieve the SDGs: Learning from Global Markets." co-hosted by Khmer Enterprise, Swisscontact and the Global Steering Group for Impact Investment (GSG). 
Give a Day 20: Opening remarks by H.E Dr. Chhieng Vanmunin, CEO of Khmer Enterprise.

The evolution of the Give A Day collaboration platform

With its modest pilot in 2022, Give A Day has become a cornerstone event for the entrepreneurial community in Cambodia. Over 300 Entrepreneur Support Organisations (ESOs) have actively participated in the previous events, with an impressive 94% expressing their eagerness to be part of the initiative again. The success of Give A Day lies in its ability to create opportunities by fostering collaboration and connecting the ecosystem actors with one another. 

The Give a Day 20 attended by 46 participants and 13 organizers.

A global collaboration for insights on impact management and transparency

For its 20th edition, Give A Day proudly collaborated with the Global Steering Group for Impact Investment (GSG), enhancing the event's global perspective. The collaboration aimed to bring knowledge on global trends related to impact management and impact transparency—two crucial levers for mobilising capital seeking impact in emerging markets.

The 20th edition of Give a Day.

Creating connections to drive impact investment

The Global Steering Group for Impact Investment (GSG), a registered UK charity since November 2017, has established over 40 National Advisory Boards globally. This organisation brings together leaders from finance, business, and philanthropy to address pressing social and environmental challenges. Serving as the Secretariat of the Impact Taskforce, GSG accelerates private capital seeking to make a positive impact on society and the environment. The GSG has also shown interest in establishing a National Advisory Board in Cambodia. 

Promoting transparent information to mobilise capital for positive change

Give a Day 20 "Navigating Impact Management and Transparency to Achieve the SDGs: Learning from Global Markets" is co-hosted GSG as a part of their Capacity Building and Stakeholder Engagement Workshops in the region. This workshop, tailored for listed and large companies, SMEs, investors, chambers of commerce, policymakers, financial regulators, professionals in the accounting profession, and academia who aim to gain a deeper understanding of the significance of impact transparency as a key lever to mobilise private capital for positive impact, assess the current state and trends in sustainability reporting and impact transparency, with a focus on country-specific implications, foster engagement with organisations committed to sustainability and impact transparency and to equip participants with essential tools for implementing impact transparency and management practices. 

Industry leaders discuss the global landscape of sustainability reporting

The event featured keynote addresses from industry experts, including Jo Fackler, Impact Management Platform, and Santiago Sueiro, Senior Policy Manager at GSG. A panel session on "Introduction to Impact Transparency and the Global Landscape of Sustainability Reporting" included insights from Ms. Chea Yaeem, Deputy Director of Securities Issuance Supervision Department, Securities and Exchange Regulator of Cambodia; Mr. Michael Tan, Founder Director, Aquarii SG Pte Ltd and CEO, Aquarii BD Cambodia and Ms. Devahuti Chaudary, Senior SDG Impact Specialist, Asia-Pacific UNDP Sustainable Finance Hub. 

Addressing alignment challenges for better collaboration between Non-Governmental Organisations and the private sector

The discussions covered business readiness for increased sustainability disclosures, addressing challenges and opportunities. Insights included challenges in operationalising impact management, emphasising the need for NGO-private sector alignment, framework selection issues, and growing recognition of impact management in the private sector. Opportunities were highlighted in increased investment as investors focus on impact. Alignment issues with standards and the perception of sustainability disclosures as a cost were discussed. The call to action stressed the need to bridge the gap in impact education, emphasising its democratisation to transform Environmental, Social and Governance (ESG) perception and attract capital. 

A commitment to foster sustainable entrepreneurship in Cambodia

With 46 participants in attendance, Give A Day 20 successfully brought together a diverse group of stakeholders committed to advancing sustainable practices and impact transparency in Cambodia's entrepreneurial landscape.  

Give A Day – a space that drives transformative growth in the Cambodia entrepreneurship community

As Give A Day continues to evolve, it remains a catalyst for transformative conversations, knowledge-sharing, and collaboration, contributing to the growth and sustainability of Cambodia's entrepreneurial ecosystem. Stay tuned for more updates and insights from Give A Day as it continues to shape the narrative of impactful entrepreneurship in Cambodia. 

Networking during the Give a Day 20 at Khmer Enterprise office on February 1st, 2024.

The event was covered by the following media:

Entrepreneurial ecosystems
Enhancing Entrepreneurial Ecosystem and Investments (3Ei)
The overall goal of the 3Ei is for the private sector to actively contribute to the Cambodia's socio-economic development and attaining the goals of the Sustainable Development Goals (SDGs). The achievement of this overall goal will be driven by two outcomes: enhanced coordination, and collaboration within the entrepreneurial ecosystem; and increased business performance and investments in the ecosystem.