Economic Resources
Corporate Social Responsibility
People who visit this Topic will get a useful orientation to "how Humanity can be positively affected by intentionally creating corporate structures that incorporate human values". Rob Scarlett
Activists
“A Journey of Growth, Transformation, and Impact… Changemakers need to be as focused on collaboratively building a supportive business paradigm and ecosystem — an “impact economy” — that supports mission-driven businesses as they build the businesses themselves. Impact Entrepreneur was launched as the first international network of its kind in the world.”
Midwest Investors Diversity Initiative.
Midwest Investors Diversity Initiative Moves Needle for More Women and Persons of Color on Corporate Boards. 46 companies appoint diverse directors and 34 adopt diverse search policies in response to investor alliance outreach.
Why Pass Benefit Corporation Legislation.
38 states including the District of Columbia have passed benefit corporation legislation. 13 states have passed the bill completely unanimously, with 32 total unanimous floor votes. Benefit corporation legislation has enjoyed an almost 90% approval rating on all votes from legislators in both parties. How will passing benefit corporation legislation benefit your state?”
Advocates/Services
”Make Business a Force For Good. B Lab is the nonprofit network transforming the global economy to benefit all people, communities, and the planet. We won't stop until all business is a force for good. There's no Planet B. Our international network of organizations leads economic systems change to support our collective vision of an inclusive, equitable, and regenerative economy.”
Minnesota has one of the few "B"-Lab Certified banks in the country. Sunrise Banks is the most Innovative bank empowering financial wellness. At Sunrise Banks, our success relies on the success of the communities we serve. We offer financially inclusive products that aim to better the lives of our clients in the Twin Cities Metro and beyond. We don’t see ourselves as bankers – we see ourselves as a social engine for good. The Sunrise family has been serving the urban core of Minneapolis and St. Paul since 1986, founded by current CEO David Reiling and his father, William. David Reiling is a social entrepreneur and innovator on the cutting edge of fintech and financial wellness. He strives to forge meaningful partnerships that drive sustainable economic growth. The bank, driven by David’s vision, focuses on positive community engagement and partners with like-minded companies to extend its mission nationally and around the world.
”A benefit corporation is a legal tool to create a solid foundation for long term mission alignment and value creation. It protects company missions through capital raises and leadership changes, creates more flexibility when evaluating potential sale and liquidity options, and prepares businesses to lead a mission-driven life post-IPO.”
Minnesota Benefit Corporations.
List of over 100 Benefit Corporations operating in Minnesota in 2020.
“Since 1982, Trillium has been striving to provide competitive financial returns for clients while helping them leverage the power of their assets to create concrete positive social change. We use an integrated and robust approach to advocacy that includes proxy voting, corporate engagement, and influencing the development of public policy.”
Zevin Asset Management. “Investors have an opportunity to do more than merely participate in the markets. With the right approach, we can take an active role in creating value and positive change while still maximizing the potential of our portfolios.”
Caux Round Table for Moral Capitalism.
“An international network of principled business leaders working to promote a moral capitalism. The CRT advocates implementation of its Principles for Business through which principled capitalism can flourish and sustainable and socially responsible prosperity can become the foundation for a fair, free and transparent global society.”
Mexican Organization (Select “English” in upper right screen) AliaRSE was born in 2001 as one of the results of the Corporate Social Responsibility Conference held in Mexico City in May 2000. The Organizing Committee of that Conference, which was the trigger for the CSR movement in our country , It was made up of the main business organizations in Mexico: the Business Coordinating Council (CCE) , the Employers' Confederation of the Mexican Republic (Coparmex) , Impulsa , the Confederation of the Social Union of Entrepreneurs of Mexico (USEM) , Aval , and the Mexican Center for Philanthropy ( Cemefi ) .
Mexican Organization (Select “English” in upper right screen) Mission: Support organizations that wish to increase their global competitiveness by adopting a culture of Corporate Social Responsibility.
Vision: Integrate a network of experts in Corporate Social Responsibility recognized for its approach to a modern Latin American culture.
Articles/Essays/Op-Eds
Shareholder Value Myth by Lynn Stout.
Shareholder primacy theory is suffering a crisis of confidence. In The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public Lynn Stout discusses how the traditional managerial focus on the shareholder’s interest can be harmful for the corporation and even for shareholders themselves and how it is more valuable to spread the focus over several objectives.
Proposals
Game Changers for a New Economy, Bretton Woods Committee.
In October 2002, IFC and ABN AMRO Bank convened in London the 12 largest project finance banks (including Citibank, Barclays, others) to discuss social and environmental issues in our lending practices with local communities, trade unions, NGO’s. We had 12 different cases in the morning and 1 common cause at the end of the afternoon, resulting in June 2003 into the Equator Principles, based on the IFC Performance Standards on Environmental and Social. A landmark achievement: it was the first voluntary sector agreement among sector industry leaders to raise the values’ bar.
Stories
The Right Thing, the Right Way, Right Now, by Larry Walker.
The Ridgeview Medical Center demands that consulting organizations attend their orientation session given to all new hires. In that session, they highlight their values statement: Do the Right Thing, the Right Way, Right Now. The story they shared to explain what that value statement meant in practice has stuck with me.