Sustainable & socially responsible business

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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.

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Sustainable & socially responsible business

  1. 1. Sustainable & Socially Responsible Businesses Innovation Day - UH Maui College - May 2, 2014 David B. Fisher Maui Venture Consulting An Overview http://MauiVenture.net
  2. 2. 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”
  3. 3. 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
  4. 4. For-Profits Working to Be More Socially Responsible ! ! ! ! ! Non-Profit Social Enterprise Working to Be More Business Like A General Trend
  5. 5. Green Washing
  6. 6. Metrics The Importance of
  7. 7. 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
  8. 8. http://giirs.org Global Impact Investment Rating System
  9. 9. http://giirs.org/ storage/documents/ CompanyReports/ sample_company_rep ort.pdf
  10. 10. 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
  11. 11. 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
  12. 12. https://www.bcorporation.net
  13. 13. A Few Examples of Maui and Hawaii Businesses and Organizations Focusing on Sustainable and Socially Responsible Business
  14. 14. http://www.biodiesel.com
  15. 15. http://hawaiitaro.com
  16. 16. http://www.hnuenergy.com
  17. 17. http://www.risingsunsolar.com
  18. 18. http://hevn.net
  19. 19. http:// www.energyex celerator.com
  20. 20. http://www.aboutmcdonalds.com/mcd/sustainability.html
  21. 21. http://hawaiifarmersunionunited.org
  22. 22. http://www.sustypacific.com
  23. 23. http://www.sahawaii.org
  24. 24. Business Alliance for Local Living Economies https://bealocalist.org
  25. 25. http:// socialcapital markets.net
  26. 26. http://www.missionmarkets.com
  27. 27. The Toronto Social Venture Exchange - http://SVX.ca
  28. 28. https://www.cuttingedgex.com/listing
  29. 29. http://h-cx.com
  30. 30. Mahalo! http://MauiVenture.net df@mauiventure.net

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