sustainable & socially responsible business
DESCRIPTION
Slideshow for "An introduction to Sustainable or Socially Responsible Business" practices and metrics with some Hawaii examples. This was used 5/2/14 for a presentation to Maui high school students attending an Innovation Day at the University of Hawaii Maui College.TRANSCRIPT
Sustainable & Socially Responsible Businesses
Innovation Day - UH Maui College - May 2, 2014
David B. Fisher Maui Venture Consulting
An Overview
http://MauiVenture.net
What are sustainable and socially responsible business practices?!• Not to pollute • Design with minimal waste, re-use, and recycling in mind • Use less resources and substitute renewables wherever
possible • To look out for the welfare of the community where the business
is located • Do the products and services promote health? • Does the business create jobs and a future for the
community? • To look out for the welfare of customers, employees, and
suppliers in addition to return on investment to the investors. • To engage and be engaged with your stakeholders through
transparency, governance, and ownership. • Move from “sustainability” to “regenerative” to “anti-fragile” !
Why should businesses focus on triple bottom line returns and why should you care? • What is a triple bottom line?
• People • Planet • Profits
• Both Investors, Consumers and Governments are looking more carefully at companies before investing, buying, regulating.
• Talent (students/employees/entrepreneurs) are factoring this in to what they work on and who they work for.
• To help stakeholders make better decisions about their time, money and votes
For-Profits Working to Be More Socially Responsible !!!!!
Non-Profit Social Enterprise Working to Be More Business Like
A General Trend
Green Washing
MetricsThe Importance of
Traditional Metric!•Profits = Revenues - Expenses •Return on Investment = Profits/Investment = % Environmental •Carbon Footprint = Carbon Dioxide draw down + reduction of carbon emissions in product/service life cycle
•Waste Reduction People & Community!•Job Creation • Adequate Pay • Jobs with a future
Metrics - examples
http://giirs.org/storage/documents/CompanyReports/
sample_company_report.pdf
Hawaii’s New Legal Entity: “Sustainable Business Corporation”
!Similar to the National “B Corporation”
Hawai‘i Sustainable Business Corporation Signed into Law July 8, 2011
Why The Need For Special Entities?• To Prevent Hostile Stockholder Actions
protesting action supporting other stakeholders
• To show accountability to customers, stakeholders, and social investors.
• To become skilled at developing, improving and using social impact metrics
• Standards • Third Party Certification
A Few Examples of Maui and Hawaii Businesses and Organizations
Focusing on Sustainable and Socially Responsible Business
http://www.aboutmcdonalds.com/mcd/sustainability.html
Business Alliance for Local Living Economieshttps://bealocalist.org
