Here are a few concepts and movements you may hear about.
B Corp Certification is to business as Fair Trade is to coffee, awarded to businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose.
We encourage you to aim for BCorp certification as part of your Conscious Capitalism journey. Find out more about becoming a BCorp here.
Connect with BCorp Australia & NZ here.
A circular economy is based on the principles of designing out waste and pollution, keeping products and materials in use, and regenerating natural systems. With new ways of thinking we can redesign the system. Continue learning about the circular economy and the role that you can play in accelerating the shift. More about the Circular Economy Here.
Connect with Circular Economy Australia here.
While there is no single authority or group driving this agenda, many are working toward it.
The Rockefeller Foundation believes that an inclusive economy is one in which there is expanded opportunity for more broadly shared prosperity especially for those facing the greatest barriers to advancing their well-being. Read about The Five Characteristics of an Inclusive Economy here.
The World Economic Forum has a platform for Shaping the Future of the New Economy and Society aiming to advance prosperous, inclusive and equitable economies and societies that provide opportunity for everyone to fulfill their potential, and GrowInclusive, a virtual, interactive platform – will provide concrete solutions to drive change by providing a one-stop-shop to make global business and policy practices more transparent, inclusive and sustainable.
Watch the debate: Who’s Prosperity? How can we build inclusive and sustainable economies.
The Doughnut, or Doughnut economics, is a visual framework for sustainable development – shaped like a doughnut – combining the concept of planetary boundaries with the complementary concept of social boundaries. The framework was proposed to regard the performance of an economy by the extent to which the needs of people are met without overshooting Earth’s ecological ceiling.
Humanity’s 21st century challenge is to meet the needs of all within the means of the planet. In other words, to ensure that no one falls short on life’s essentials (from food and housing to healthcare and political voice), while ensuring that collectively we do not overshoot our pressure on Earth’s life-supporting systems, on which we fundamentally depend – such as a stable climate, fertile soils, and a protective ozone layer. The Doughnut of social and planetary boundaries is a playfully serious approach to framing that challenge, and it acts as a compass for human progress this century.
Originally an academic concept co-created by Harvard Business School Professors Michael Porter and Mark R. Kramer, Shared Value is a business strategy designed to solve social issues profitably. It does this by leveraging the resources and innovation of the private sector to create new solutions to some of society’s most pressing issues. In doing so, it creates a more prosperous environment in which to operate, making business more sustainable and resilient. Learn more here.
Connect with the Shared Value Project Australia here.