By Jim Epstein and Alicia Epstein Korten As an investment advisor, I (Jim) am often asked to sit on nonprofit boards. I have grown uncomfortable with the term not-for-profit to describe these organizations, which often embrace business principles in their operations. For example, DC Greenworks generates income from government contracts and fees for green roof … Continued
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In a store in my hometown of Ahmedabad, India, I was immediately charmed by the colorful display of intricate handcrafted embroidery on pillow covers, decorative wall-hangings and silk kurtas. The needlework was simple, yet elegant, distinctive – and yes, expensive. At first I hesitated over whether to spend so much on an embroidered piece I really liked. Then I read the price tag a bit more carefully and noticed that 65 percent of the proceeds went directly to the artisans, and the store itself was affiliated with SEWA, the Self-Employed Women’s Association.
3p is proud to partner with the Presidio Graduate School’s Managerial Marketing course on a blogging series about “sustainable marketing.” This post is part of that series. To follow along, please click here. By Kartika Chendorain Tulusan The Battle of Seattle was a sign of a change and the rise of civil society. It lead … Continued
Michigan Central Station (MCS, or Michigan Central Depot) stands tall as a monument to the time when Detroit was one of America’s most important economic centers. Could it make a comeback?
Nedbank Capital, one of the largest South African banks, and Face the Future, a global forest carbon project developer, signed a memorandum of understanding (MOU) last week to jointly develop sustainable forestry projects in Africa. Both companies already participate in developing African forestry projects. The MOU will allow the companies to bring together Face the … Continued
Last week the solar industry finally generated good news. Warren Buffett’s MidAmerican Energy Holdings agreed to buy First Solar’s Topaz solar farm, a 550-megawatt photovoltaic solar farm currently being built in Southern California (construction began last month and is set to finish by early 2015). The financial details of the purchase of the plant were … Continued
In October 2008, 8 weavers committed suicide in Sircilla, a small town in the state of Andhra Pradesh (India). This was preceded by another incident in 2006, when a destitute weaver of Sircilla sold his four-month-old son for Rs 500 (approx. $10) to keep the hearth burning.
Last month KPMG released the results of a survey of corporate social responsibility reporting that found that 95 percent of the Fortune 250 is now reporting on CSR activity. Among the largest 100 companies in each country surveyed, CSR reporting increased by 11 percent since 2008. Clearly, sustainability reporting is not just a passing trend. But … Continued
Last week Forbes added a new list to its famous collection. It wasn’t about the richest people in Asia, the most powerful women in America or the best companies worldwide, but about the top social entrepreneurs. For the first time in its 94-year history, Forbes assembled the Impact 30: a list of the world’s leading … Continued
With stimulus initiatives in the form of soft loans, cash incentives, tax credits and grants expiring, the U.S. energy sector must find new investors and new tax-based equity financing structures over the next 18 months or risk a sharp decline in new project builds, according to a report by the specialist research firm Bloomberg New … Continued
Have you ever shared a car ride, lent someone a book, made a mix tape, or traded clothing? Then you’re part of the WEconomy, a new economic model where communities of consumers share, swap or rent goods as opposed to owning them.
When we think of owning stock in an organization, we usually think of for-profit corporations. Images of streaming ticker symbols and stock markets rising and falling come to mind. In this case, we typically own stock so that we can (hopefully) make money. However, we have a unique opportunity to own stock in a nonprofit … Continued
A look back at the role of corporate banks during the financial crisis of 2008 and a look at other options such as Community Development Financial Institutions (CDFIs).
The Federal Aviation Administration is awarding $7.7 million in contracts to eight companies who will help the agency develop and approve sustainably-sourced “drop-in” jet fuels that can be used without changing aircraft engine systems or airport fueling infrastructure. The funds are being distributed by the Department of Transportation’s John A. Volpe Center. “These new green … Continued