Social Entrepreneurship

The Definition Of A Triple Bottom Line Business

Triple bottom line is a term which describes a business that focuses on three main things: people, profits, and the planet. The first use of it was credited to John Elkington, who founded a consulting firm called SustainAbility. Before the term became known, the bottom line in a business was focused mostly on the financial side

Who Are The Impact Investing Venture Capitalists Betting On?

DBL Partners, an investment fund based in the San Francisco and Palo Alto area, recently announced the closure of an impact investing fund worth $400 million. This fund is the largest so far in the impact investing space and will focus on companies in the sustainable energy, products and services, digital media and imaging, healthcare and IT

Patagonia’s CSR: How Is It Working Out?

  Patagonia, known for its jackets made entirely from pop bottles and their “Don’t Buy This Jacket” Cyber Monday advertising campaign, has been a leader in corporate social responsibility initiatives. We had previously profiled Patagonia’s supply chain transparency, but let’s take a look now to see how these CSR initiatives are working out. Patagonia’s Mission For those

How CSR Brings Big Benefit to Small Business

Corporate Social Responsibility (CSR) has become a significant factor in customer relations, representing an excellent opportunity for small business to significantly engage public support. Redefining success in business, corporations creating value for society often benefit in ways that go well beyond the scope of tangible assets and annual profit. According to the 2013 Social Impact

Islamic Finance: A Fast-Expanding Market

When the Western financial world imploded in 2007-8, many nations’ economies suffered as a result. Riding out the storm with little to no negative impact in the midst of severe economic downturn, the Islamic financial market has paradoxically been experiencing exponential growth. For this reason, Islamic finance has become a topic of worldwide interest. However,

Organic Fertilizer Company Receives $500,000 Loan from RSF Social Finance

The organic fertilizer company EcoScraps has received a $500,000 loan from RSF Social Finance, a financial services organization that provides funding for nonprofits and social enterprises. The loan will help EcoScraps, a three-year-old company that makes organic, chemical- and manure-free lawn and garden products, expand its network of waste management partnerships and increase its exposure

A Gift of Service

Have you ever had your life stopped in its tracks by a sudden crisis?  Whether it is from illness, accident, a death in the family or one of life’s other challenges, most of us will run into a crisis at some point in our lives that throws us off the tracks.  Torn from your normal

The Glaring Need for a Sustainability Info-rum

As consumer demand increases for green products and companies continue to embrace sustainability as a business strategy, it’s glaringly apparent that there is going to be a need for solid, data-driven information that can help companies make smart decisions. The Fortune 500 has started adding the Chief Sustainability Officer as an official C-suite position, but

Loca-vesting

The local first movement has a new frontier: locavesting.  Friday’s stronger than expected jobs report showed several indications of economic growth. Every sector grew, including construction, manufacturing, and agriculture. Image what would happen if we could actually drive investment capital to Main Street! One way to make that happen is embodied in a term I heard

Recognizing CSR as a Core Business Practice

I have long argued that corporate social responsibility (CSR) needs to be a fully integrated strategy throughout a company in order to have a significant effect on how the company does business. I have also written often about social enterprise/entrepreneurship where one builds a for-profit company that focuses on solving social problems as well as

Net Impact 2011: Keen Healthcare CEO Vail Horton Inspires the Inspired

[youtube http://www.youtube.com/watch?v=uigpyiEhWxY&w=560&h=315] In one of the most stunning keynote sessions I have attended over the past five Net Impact Conferences, Keen Healthcare CEO Vail Horton, who was born without legs or proper bone growth in his arms, closed yesterday morning’s “speed keynote” session to a thunderous standing ovation at the Portland Convention Center. Horton told

VisionSpring: A Model TOMS Shoes Would be Wise to Adopt

The world of international development has so many buzzwords floating around, it’s hard to know what is legitimate and what isn’t. Over the past 10 years or so, the phrase “sustainable development” has entered the lexicon and appears here to stay. While there are a number of definitions for the term, ultimately it has to

So You Want to Become a Social Entrepreneur?

According to the venerable source, Wikipedia (there’s actually a citation from the 2002 book The World of Social Entrepreneurship by J.L. Thompson), social entrepreneurship is defined as, “A social entrepreneur recognizes a social problem and uses entrepreneurial principles to organize, create and manage a venture to achieve social change (a social venture). While a business

Can We Fix Capitalism?

“The more business has begun to embrace corporate responsibility, the more it has been blamed for society’s failure. The legitimacy of business has fallen to levels not seen in recent history. This diminished trust in business leads political leaders to set policies that undermine competitiveness and sap economic growth. Business is caught in a vicious

Hybrid Corporations: What Business Are You In?

In the guest post below, Alice Korngold, Founder of Korngold Consulting LLC, asks corporate leaders, “what is driving you–mission or profits?” by Alice Korngold The new “it” thing in social enterprise is hybrid corporations. There are B corporations–benefit corporations–whose mandates are to serve the public good and also increase shareholder value. There are also L3Cs,

Plumpy’nut and the Role of the Private Sector in International Development

Recently, the New York Times Magazine has been a hotbed for articles covering business in or affecting developing countries. Last week I wrote about a potentially more unconventional way of looking at the counterfeit goods trade from the perspective of major apparel companies. More recently, an incredibly impressive article was written by Andrew Rice, on

Net Impact Publishes Business As UnUsual 2010 Report

Hot off the presses comes Net Impact’s rather comprehensive report on business schools focusing on “sustainability” programs. “Net Impact is an international nonprofit organization with a mission to inspire, educate, and equip individuals to use the power of business to create a more socially and environmentally sustainable world.” The organization is active on campuses and

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