Traditionally, the divide between a for-profit or nonprofit organization was clear: for-profit businesses would engage in revenue generation and nonprofits would engage in charitable work to solve social issues and would largely stay away from revenue generation. The rise of social enterprises in recent years, however, has made that distinction less and less clear. Social entrepreneurs are finding innovative ways to challenge the […]
So why benchmark? Companies that grasp the importance of a solid sustainability strategy (and view it as an asset rather than a hindrance) know investors increasingly value this forward-thinking approach. In addition, knowing where you stand against your competitors and identifying strengths and weaknesses for improved strategic decision-making can help your corporation drive innovation and increase bottom line benefits. But […]
1. The scale of social enterprises varies globally
2. Social enterprise is about impacts
Positive impacts can be seen in a number of ways: in what a social enterprise produces or sells, for example, or by the way it does business. “Most of our work is agricultural so we are particularly interested in enterprises that go out of their way to include […]
Net positive is far more transformative and ambitious than corporate social responsibility.
It’s not just about reducing impacts here and there, rather it requires a systems-based approach and the involvement of the entire business.
1. Net positive is about giving more than you take
2. Boundaries are important
3. It isn’t just repackaged CSR
It also allows businesses to engage employees and customers with a […]
Like many highly prized hardwood trees, Hawaii’s mighty Koas have been disappearing at an alarming rate. Sought-after for furniture and guitar-making, boats, and housing, there are said now to be only 10% of the Koas that there were 200 years ago. At the current pace of replanting, the species could be virtually wiped out in a decade or two.
That’s where […]
During my panel, I was asked some good questions on how business leaders can make a positive difference.
1. What does business sustainability mean for you?
It means being smart, creative and bold so you can pursue initiatives that improve both business results and environmental outcomes. Everyone in this audience can show the world how to do business while protecting nature in […]
It’s not unusual for a small business to work with community nonprofit groups, but a New York-based chain of coffee shops is taking that partnership further.
Coffeed operates six cafes in New York, plus a restaurant in Fort Tryon Park in Manhattan and a new location in Seoul, South Korea. The company partners with a different charity at each location.As Inc. […]
Joey Hundert — social entrepreneur, start-up consultant and founder of the “Sustainival,” the world’s first green carnival — has been working for a decade and a half to promote ventures that both make money and make the world a better place.
Wry: We talk about social enterprise, and we talk about social entrepreneurship. But when you start to really dig into […]
Sustainability’s emerging popularity has enthralled many young people, interested in dedicating their lives to work in the field, developing privileged understanding of the term’s meaning. The new wave of forward-thinking professionals possess sustainability knowledge, but they treat the knowledge like a special right granted only to a select few. Sustainability professionals, by and large, need to develop empathy to understand […]
Sustainability must be reframed as an opportunity if it is to take hold.
We’ve heard the word sustainability a lot lately. Climate change scientists warn countries and companies of the dangers of current levels of carbon emissions. Board directors are being called upon to be more transparent and punish bad behaviour. NGOs and social groups want companies to earn a licence […]
In order to make the widest impact possible, your organization needs to appeal to a wide audience. This audience should include people from all backgrounds, including race, religion, gender, sexual orientation, income level, and so on. Otherwise, it may appear that your organization is being exclusive with one particular group and perhaps even discriminatory toward others. In order to create […]
Among the B Corps that you may already know and whose products you use are Ben & Jerry’s, Patagonia, Couchsurfing International and Etsy. In fact, more than 1,200 firms from 38 countries and 121 industries are now certified B Corps, with more being added every week.
A B Corp is essentially a sustainable business or social enterprise that voluntarily meets higher […]