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.

Negócios Economia e finanças

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

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
Global Impact Investment Rating System

http://giirs.org/
storage/documents/
CompanyReports/
sample_company_rep
ort.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 Economies
https://bealocalist.org

The Toronto Social Venture Exchange - http://SVX.ca

Mahalo!
http://MauiVenture.net
df@mauiventure.net

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Sustainable & socially responsible business

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. 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. 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. For-Proﬁts Working to Be More Socially Responsible ! ! ! ! ! Non-Proﬁt Social Enterprise Working to Be More Business Like A General Trend

5. Green Washing

6. Metrics The Importance of

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. http://giirs.org Global Impact Investment Rating System

9. http://giirs.org/ storage/documents/ CompanyReports/ sample_company_rep ort.pdf

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. 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. https://www.bcorporation.net

13. A Few Examples of Maui and Hawaii Businesses and Organizations Focusing on Sustainable and Socially Responsible Business

14. http://www.biodiesel.com

15. http://hawaiitaro.com

16. http://www.hnuenergy.com

17. http://www.risingsunsolar.com

18. http://hevn.net

19. http:// www.energyex celerator.com

20.

21. http://www.aboutmcdonalds.com/mcd/sustainability.html

22. http://hawaiifarmersunionunited.org

23.