Using Business As a Force for Good
-
Upload
talkingtransitionslides -
Category
Business
-
view
69 -
download
0
Transcript of Using Business As a Force for Good
Best for the World,Best for NYC
A Global Movement of Entrepreneurs Using Business as a Force for Good
Maximize
Shareholder
Value
20th Century 21st Century
Maximize
Shared
Value
Fulfilling the Promise of Capitalism
A Global Movement of Entrepreneurs
100,000+ Entrepreneurs
• Government & non-profits necessary but insufficient
• Business can attract capital and talent at scale
• Business is means to solve society’s greatest challenges
People want to use business as a force for good
Sustainable businesses
Conscious consumers
Responsible investors
Workers
100,000+
60 million Americans
$3.5 trillion invested
100 mm Millennials
Not Just Entrepreneurs
System not designed for this
• Corporate law is an impediment
• No standards to distinguish ‘good companies’ from good marketing
• No norms and no institutions = no scale
The Problem
B Corps are leading a global movement of entrepreneurs with one unifying goal . .
Redefine success in business
So that one day all companies competenot only to be best in the world, but best for the world
Which leads to a society with shared and durable prosperity for all.
What is a B Corporation?
Certification for companies that use business as a force for good
B Corps meet higher standards of:
• Social and environmental performance
• Transparency
• Legal accountability
860 B Corps, 60 Industries, 28 Countries
Measure What Matters
(B Impact Assessment)
860 B Corporations
100 Funds Managers & Investors
15,000 Other Businesses
40 Business Associations
15,000 Companies Measure What Matters
The B Corp Community Drives Policy Change
Etsy is a marketplace where people around the world connect to buy and sell unique goods. Its mission is to re-imagine commerce in ways that build a more fulfilling and lasting world.
Matt Stinchcomb
• Brooklyn, NY• 450 Employees
Brooklyn Coop is a community financial institution. Its mission is to further wealth building, resilience, and opportunity in the communities it serves - like Bed-Stuy and Bushwick – offering access to fair and affordable financial services.
Samira Rajan
• Brooklyn, NY• 10 Employees
Since 1999, UncommonGoods has been offering artists, designers and shoppers a way to express their individuality through creative design and to do so in a sustainable manner. The company runs its entire operation, including its warehouse and call center, under one roof in Sunset Park, Brooklyn.
David Bolotsky
• Brooklyn, NY• 150 Employees
CHCA is the largest worker owned cooperative in the US. It employs over 2300 home care workers who provide in home care services to the elderly and people with disabilities primarily in the Bronx and upper Manhattan. They provide over 3 million hours of service with revenues of $64 million.
Michael Elsas
• Bronx, NY• 2300 working
owners
Thank you!
Put your purpose into practice @ bimpactassessment.net
Bake it into your DNA @ benefitcorp.net
Be recognized as a leader @ bcorporation.net