On July 10th, Prime Minister Modi of India interacted with 40 Solar Mamas trained by Barefoot College in Tanzania. PM Modi took great interest in all the vocational and entrepreneurial activities that the Solar mamas are conducting such as solar electrification, tailoring, bee keeping and honey making. In fact he was very happy to take home some of the products like robes and honey which are now sold commercially in Zanzibar.
Barefoot College has trained solar mamas in 74 of the least developed countries. This project is done in collaboration with the Indian government. The founder Bunker Roy has lead this organization for 42 years and recently handed over the operational responsibilities to Meagan Fallone, CEO of Barefoot College International. In the last 2 years BCI has started to scale the vocational training activities by building training centers outside of India. The first such training center was launched last year in Zanzibar. 5 more training centers will be launched in Africa and a few in Latin America, Asia and South Pacific.
Congratulations Bunker, Meagan, and the whole Barefoot College team!
(disclaimer: the author is a board member of Barefoot College International)
On Dec 1, Mark Zuckerberg and Priscilla Chan made the announcement welcoming the birth of their daughter Max and their decision to give 99% of Facebook shares (currently USD 45bn) to the Chan Zuckerberg Initiative to advance human potential and promote equality for all children in the next generation. This was posted (in Facebook)through an awe-inspiring and mindful letter “A letter to our daughter” that should become a must read for people in the private sector, public sector, academia, citizen sector, basically everyone as it articulates with clarity the challenges we face and how to tackle these. The Chan Zuckerberg Initiative is set up as an LLC which has attracted both praise and criticisms.
I personally believe that their decision is great and inspiring as it would give them much more flexibility in achieving their goals by being able to do both: invest and donate with impact. This Initiative is bold and it will provide a major boost to both impact investing and venture philanthropy and hopefully one day it will go for B Corp certification!
On Sept 24 B Lab UK hosted the event “Change is coming” the official launch of 62 certified UK B Corps at Proud Galleries in Camden, London. The B Corp movement is gaining momentum and now there are over 1400 companies across 42 countries that are B Corp certified and a number that is growing by the day. In this event it was inspiring to hear the founders of Bridges Ventures, COOK, Fairphone, and Streetlife talk about their businesses and their road to become B Corps. It was also a great gathering to network with the B Corp global community as many leaders were present such as Bart Houlahan, (B Lab Co-Founder), Marcello Palazzi (B Lab Europe Co-founder), and Pedro Tarak (Co-founder of Sistema B, B Corp South America).
There was also a big announcement made by Bart that B Lab is establishing a Multinationals and Public Markets (MPM) Advisory Council as of January 2016 as a strong response for the growing number of multinationals and publicly listed companies that are interested in joining the B Corp movement. In a video message delivered by Paul Polman, Unilever CEO, he announced that Unilever will participate in the MPM Advisory Council and invited others to join them to achieve a collective vision of a global economy where all businesses work to create a more shared and durable prosperity for all. Yes, change is coming!
Having followed the movement of B Corps and benefit corporations over the past 6 years it was with great joy to attend yesterday the Swiss B Corp Community Forum that took place at the Impact Hub. B Corps are a new type of company that uses the power of business to solve social and environmental problems (see the first video below to find out in less than 2 minutes). These companies aim to be not the best in the world but best for the world. The B Corp movement has been rapidly expanding with now close to 1300 B corporations in 41 countries and in 121 industries. B corps have started expanding also in Europe with now 70 B corporations. The 4 Swiss B corporations (3 Certified and one soon to become) that were presenting yesterday were: Abhati, Heidi.com, Montagne Alternative, and Opaline. To understand more about the B Corps please view the videos below. It is a movement that is definitely moving the needle in making business a force for good.
The 12th Skoll World Forum took place April 15-17th in Oxford. It was my 9th Skoll in a row and it is still my favourite forum for its great content, inspiring conversations and unlimited networking opportunities. This year two of the topics that were most emphasized were girls’ education and the continuing need to collaborate amongst the three converging worlds; private, public and citizen sectors. Another positive,this year, many of the sessions were recorded (more than ever) so subscribe to the youtube page of Skoll so that you can check on the videos that are being uploaded. Check also content through their Facebook and twitter page.
We would like to introduce you to Karmafy
Karmafy represents a global social currency for doing good. The platform offers businesses, apps, and cause organizations the opportunity to attract new users and strengthen their existing user base by allowing users to track and make use of their socially responsible actions. We partner with businesses through a commonly used rev-share model and deliver more engaged users. Increased monetization occurs through cross promotion, use of gamification and functionality to make directed donations to vetted philanthropic organizations. More to come soon.
Crowdfunding platforms are continuing to be launched and according to industry sources there are more than 500 platforms. Of the 4 types of crowdfunding sites (donation-based, reward-based, loan based and equity based) this year we are likely to see a surge of equity based crowdfunding sites (in particular in the USA) that would allow for investment in startups. This is due to the passage of the JOBS Act last year that includes the Crowdfund Act. A recent article titled Crowdfunding Clean Energy by David Bornstein gives an excellent insight on the recent trends in this area. In addition to Solar Mosaic described in this article there are several new green crowdfunding sites that look appealing. Impact Crowd, Abundance Generation, OnGreen