"I agree. What I want to know is what do they call themselves? How do they describe themselves? I think of them as 'businesses with heart' but I don't think they all collectively share a label yet...?"
the second is the US-based Global Impact Investing Network (GIIN), who have developed their own Impact Reporting and Investment Standards (IRIS) criteria:
For background on the GIIN, google "Forbes.com Rahim…"
I've also been investigating this question recently and have found two very robust frameworks used by global investors.
You may decide yourself whether you agree with their criteria.
The first is UK-grown, FTSE4Good, a set of…"
"Michael, It did spark an idea after I cam across what BITC had offered as "the case for responsible business". I realised that the case had been made as a call for addressing poverty and was embedded in a formal business plan describing…"
"Many thanks for all the suggestions as to what a responsible business should look like.
Having sent out our recent email newsletter ‘What is a responsible business?’, we received dozens of suggestions via our website as well as those…"
"Graham makes a very good point above about 'saying without doing'. and Colin reminds us how the concept of ethical business is undermined by greenwashing. 'Ethics' is surely an abstract concept unless we state our position…"
"I heard about this discussion through Michael's profit through ethics twitter and facebook.
i am interested in the idea of the responsible business that is prepared to answer the 'difficult questions' and not only answer the difficult…"
Hope you're well. Good to hear about Profit Through Ethics.
I've been thinking a lot recently - not about what a responsible business looks like but about the practical steps businesses can take to achieve…"
Hello again Michael.
We begin by proposing that people should be the central focus of business and economics and with a fundamental predicate, which can be seen as reciprocity that humans are not disposable.
First we challenge the…"
"An ambitious question! Important that it should be raised. One of the key questions raised by the idea of the responsible business is how it sustains a commitment to acting responsibly. Two factors are important in this, I suggest. One is enabling…"
">>"Seeking to minimise negative social and environmental impacts and maximise positive ones;"
"Ensuring that it has a net positive impact socially and environmentally."
Seeking is a bit too wishy-washy…"
Hello. I am obsessed by the notion of the 'truly responsible business'. I am quite sure they exist. I want to identify them. I think they are a very important part of a more sustainable future. I think that a lot of people would be happy to support them - as consumers, as employees, as investors for example - and thus provide incentives for other businesses to follow suit. So first things first, what do you think makes them responsible? How do they behave and/or differ from the norm? Here, for…See More
The Social Entrepreneurs Network is a network for all those interested in social entrepreneurship and social enterprise. The aim is to solve some of the practical challenges faced by social entrepreneurs.See More