the triple bottom line
TRANSCRIPT
Taking Responsibility for the planet The triple bottom line
Presented by Daniel Smedley
09 August 2016
The triple bottom line
Hold on tight breakfast briefing | 9 August 2016
People
Planet
Profit
Hold on tight breakfast briefing | 9 August 2016
Our drivers of change
Everything we do embodies the passion and entrepreneurial spirit of our clients.
YOU'RE GREAT AT IT
PASSION
PROFESSION
YOU LOVE IT
MISSION
THE WORLD NEEDS IT
VOCATION
YOU'RE PAID FOR IT
Our drivers – working with purpose
Hold on tight breakfast briefing | 9 August 2016
Our drivers – working with purpose
Hold on tight breakfast briefing | 9 August 2016
Profitable Companywith LOW impact on
the community
Return to theshareholders
Return to the community
Profitable Companywith HIGH impact on
the community
Unhealthy Business Charity / NFP
Energy Management to increase productivity with purpose
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Social
Spiritual
Mental
Emotional
Physical
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What are B Corps?
1. Social & Environmental Performance
Min 80 pts on B Impact Assessment
2. Transparency
B Impact Report Transparent
3. Accountability
Expand fiduciary duties to consider interests of
all stakeholders
Companies using business as a force for good.They meet verified higher levels of:
What are B Corps?
What are B Corps?
Hold on tight breakfast briefing | 9 August 2016
“B Corp certification is to sustainable business what Fair Trade certification is to coffee”
As B Corporations and leaders of this emerging economy, we believe:
That we must be the change we seek in the world
That all business ought to be conducted as if people and place mattered.
That, through their products, practices, and profits, business should aspire to do no harm and benefit all.
What are B Corps?
Hold on tight breakfast briefing | 9 August 2016
B Lab Australia & NZ established a working group to develop model legislation for benefit corporationsIn the United States, laws have been passed in 31 States to allow for benefit corporations.
B Corp Community
1,836 B Corporations 130 Industries 50 Countries
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Why become a B Corp?
Why become a B Corp?
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Why become a B Corp?
• Benchmark performance that is transparent and accountable.• Set goals for improvement.• Reconnect with the company’s purposes and core values.• Partner with peers around the world.• Attract and retain talent with similar values.• Engage staff to find their purpose in work.• Positive impact on our community and environment.
Hold on tight breakfast briefing | 9 August 2016
What are we doing?
B Corp Assessment
EnvironmentEnergy UseFacilitiesSupply ChainManufacturing
PeopleJob GrowthCompensation & BenefitsEmployment PracticesWork EnvironmentEmployee Ownership
CommunitySuppliersLocalDiversityCharity / Volunteerism
GovernanceTransparencyOwnership
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How are we implementing B Corp model?
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Environment
• Initiatives to save paper, such as providing staff with MS Surface Tablets and tracking paper consumption per team.
• Environment friendly suppliers.• Initiatives to save energy.
Community
• Volunteering with charities.• Donating blood.• Donating clothing.
People
• Learning about life skills(e.g. financial planning).
• Leadership training.• One on one monthly catch-ups
(informal coaching).
Governance
• Independent board chair.• Annual day retreats to remind
employees of firm’s ethical, social and environmental mission.
• Employee engagement survey.
Hold on tight breakfast briefing | 9 August 2016