triple bottom line

Telling Stories at the Intersection of Business, Environment, and Society, with Jen Boynton, Triple Pundit

Triple Pundit is a media company covering the conversation on sustainable business. The argument for a triple bottom line of people, profit, and planet, has been going on for more than 100 years. In 1916, two shareholders, the Dodge brothers sued Henry Ford in Dodge v. Ford Motor Company. The courts ruled in favor of the Dodge brothers, stating that a: business corporation is organized and carried on primarily for the profit of the stockholders.” In 1970, economist Milton Friedman published his article “The Social Responsibility of Business is to Increase its Profits.” Friedman argues that any money spent by a company on “social responsibility” takes away from the benefit…

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The Impact Measurement Challenge

Calling all data geeks and entrepreneurs. Here’s a business opportunity. Although there are better definitions out there, an entrepreneur is someone who identifies a perceived pain or a desired gain in the marketplace and uses innovative approaches to resolve the pain or bring about the gain. Well, I have a pain for you. As I have been interviewing entrepreneurs for the Social Entrepreneur podcast, one pain point comes up again and again. They tell me that their greatest desire is to create social and environmental impact. However, it is difficult, time consuming and expensive to measure impact. The time and effort that they spend measuring impact reduces the resources that they…

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The Impact Measurement Challenge

005, Rick Hooper, Barefoot Power | Clean Energy in Developing Countries

As a Vice President for Philips Electronics, Rick Hooper was actively involved in Corporate Social Responsibility, or CSR. While in Thailand, he and his wife supported a local school and charity. There, he began to see the difference that for-profit companies can make. Today, Rick is the CEO of Barefoot Power, a for-profit social enterprise that assists people in developing countries to access affordable renewable energy while reducing poverty and creating new markets. Today, Barefoot Power has revenues in the tens of millions of dollars. In this episode of the podcast, we talk about: The trend toward and the challenges of corporate social responsibility (CSR). The ambition of the developing…

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005, Rick Hooper, Barefoot Power | Clean Energy in Developing Countries

000, Introduction, Social Entrepreneur | Episode Zero, My Journey to Social Entrepreneurship

For several months, I have been behind closed doors, creating the first episodes of this podcast. Since I knew nothing about podcasting, I have learned everything from scratch. The results are not perfect but as Reid Hoffman, the founder of LinkedIn has been quoted as saying, [spp-tweet tweet=”If you are not embarrassed by the first version of your product, you’ve launched too late.”] This is the “getting to know you” episode of the podcast Social Entrepreneur. In this initial episode, I tell the story of how a woman in Kenya, who simply wanted to get the best price for her chickens led to the founding of this podcast. I’ll describe what…

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000, Introduction, Social Entrepreneur | Episode Zero, My Journey to Social Entrepreneurship