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Right Is Might SOCIAL JUSTICE AND CORPORATE PROFITS Promod Sharma | FSA, FCIA Insurance Actuary | @riscario May 31, 2014
84% Business Self-interest … … doing good work for society
Right = $$$
The work of science is to substitute facts for appearances and demonstrations for impressions. John Ruskin verifiable trut...
The work of science is to substitute facts for appearances and demonstrations for impressions. John Ruskin
The work of science is to substitute facts for appearances and demonstrations for impressions. John Ruskin
Right = ?
Doing What’s Right PAST: demonstrations FUTURE: appearances
Blaise Pascal (1623–1662) Pascal’s Wager probability theory decision theory
Do Right And Matters Do Right But Doesn’t Matter Do Wrong And Matters Do Wrong But Doesn’t Matter $ Bank -rupt $ $$$ $$$
Do Right But Doesn’t Matter insurance
Do Right And Matters insurance
Do Wrong But Doesn’t Matter Do Wrong And Matters
Do Right And Matters Do Right But Doesn’t Matter Do Wrong And Matters Do Wrong But Doesn’t Matter $ $$$ $$$ insuranceinsur...
206,650 Gatorade: Don’t put flame retardant chemicals in sports drinks!
1,129 + 2,515 Rana Plaza, Bangladesh April 24, 2013
“… none of the companies involved are suppliers to Benetton Group or any of its brands” (@benetton, Apr 24, 2013) DENIAL a...
REACTIVE
$17M $40M Compensation Fund REACTIVE
LEAD
Pretend you can read this
“putting social values first.”
11,536
Project Ara
59,374 Powerade: If Gatorade can take crazy chemical BVO out of sports drinks, so can you
The Most Credible Spokespeople Edelman Trust Barometer 2014 – Executive Summary Most trusted sources
Do Right And Matters Do Right But Doesn’t Matter Do Wrong And Matters Do Wrong But Doesn’t Matter $ $$$ $$$ insuranceinsur...
Promod Sharma | @riscario
Right Is Might: Social Justice and Corporate Profits
Right Is Might: Social Justice and Corporate Profits
Right Is Might: Social Justice and Corporate Profits
Right Is Might: Social Justice and Corporate Profits
Right Is Might: Social Justice and Corporate Profits
Right Is Might: Social Justice and Corporate Profits
Right Is Might: Social Justice and Corporate Profits
Right Is Might: Social Justice and Corporate Profits
Right Is Might: Social Justice and Corporate Profits
Right Is Might: Social Justice and Corporate Profits
Right Is Might: Social Justice and Corporate Profits
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Right Is Might: Social Justice and Corporate Profits

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[UPDATE (Jun 10, 2014): Now includes a studio recording of the presentation]

Does doing what's right boost corporate profits? If not, how can corporations be encouraged to behave in ways which are good for them and society?

This presentation from the first-ever The Global Change Initiative (http://globalchange.ca) explores these questions and proposes ways for a win/win. Examples include Sarah Kavanaugh (Gatorade/Powerade), Rana Plaza, the Fairphone and Project Ara. The summit took place at Toronto City Hall from May 30 - Jun 1, 2014 in the same Council Chambers used by Mayor Rob Ford.

This is the full slide deck used by actuary Promod Sharma.

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Right Is Might: Social Justice and Corporate Profits

  1. 1. Right Is Might SOCIAL JUSTICE AND CORPORATE PROFITS Promod Sharma | FSA, FCIA Insurance Actuary | @riscario May 31, 2014
  2. 2. 84% Business Self-interest … … doing good work for society
  3. 3. Right = $$$
  4. 4. The work of science is to substitute facts for appearances and demonstrations for impressions. John Ruskin verifiable truths displays of proof
  5. 5. The work of science is to substitute facts for appearances and demonstrations for impressions. John Ruskin
  6. 6. The work of science is to substitute facts for appearances and demonstrations for impressions. John Ruskin
  7. 7. Right = ?
  8. 8. Doing What’s Right PAST: demonstrations FUTURE: appearances
  9. 9. Blaise Pascal (1623–1662) Pascal’s Wager probability theory decision theory
  10. 10. Do Right And Matters Do Right But Doesn’t Matter Do Wrong And Matters Do Wrong But Doesn’t Matter $ Bank -rupt $ $$$ $$$
  11. 11. Do Right But Doesn’t Matter insurance
  12. 12. Do Right And Matters insurance
  13. 13. Do Wrong But Doesn’t Matter Do Wrong And Matters
  14. 14. Do Right And Matters Do Right But Doesn’t Matter Do Wrong And Matters Do Wrong But Doesn’t Matter $ $$$ $$$ insuranceinsurance
  15. 15. 206,650 Gatorade: Don’t put flame retardant chemicals in sports drinks!
  16. 16. 1,129 + 2,515 Rana Plaza, Bangladesh April 24, 2013
  17. 17. “… none of the companies involved are suppliers to Benetton Group or any of its brands” (@benetton, Apr 24, 2013) DENIAL attendance sheet label
  18. 18. REACTIVE
  19. 19. $17M $40M Compensation Fund REACTIVE
  20. 20. LEAD
  21. 21. Pretend you can read this
  22. 22. “putting social values first.”
  23. 23. 11,536
  24. 24. Project Ara
  25. 25. 59,374 Powerade: If Gatorade can take crazy chemical BVO out of sports drinks, so can you
  26. 26. The Most Credible Spokespeople Edelman Trust Barometer 2014 – Executive Summary Most trusted sources
  27. 27. Do Right And Matters Do Right But Doesn’t Matter Do Wrong And Matters Do Wrong But Doesn’t Matter $ $$$ $$$ insuranceinsurance
  28. 28. Promod Sharma | @riscario

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