Transcript “driving systemic change” Economy for the Common Good

Economy for the Common Good
Current System
Goal: Money
Strategy: Competition
Success Indicators
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Profit and Loss
Balance Sheet
GDP
Values?
Behaviours?
“driving systemic change”
Economy for the Common Good
Current System
Proposal
Goal: Money
Strategy: Competition
Goal: Common Good
Strategy: Cooperation
Success Indicators
•
•
•
Profit and Loss
Balance Sheet
GDP
+
Common Good Balance
+
Common Good Index
“driving systemic change”
Economy for the Common Good
•
•
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2,000 corporate supporters
350 audited Common Good Balance Sheets
7,000 individual supporters
100+ local chapters
Cities and local authorities including:
Salzburg, Seville, Malaga, Stuttgart, Sudtirol
• Activity in 22 countries
“driving systemic change”
Economy for the Common Good
VALUES
• Human Dignity
• Solidarity & Social Justice
• Environmental sustainability
• Transparency & Co Determination.
“driving systemic change”
Economy for the Common Good
STAKEHOLDERS
• Suppliers
• Owners/ investors/ financial service
providers
• Employees
• Customers & business partners
• Social Environment
“driving systemic change”
The Common Good Matrix v 5.0
“driving systemic change”
Economy for the Common Good
Creating a Common Good Report and Balance
Sheet
• Decide whether to go solo or work with a peer group
• Identify who in the organisation is going to be involved
• Work through each indicator group in turn
• Write Common Good Report and assign initial scores
for each indicator
• Have the report and scores evaluated by peer group
or audited by independent ECG auditor
“driving systemic change”
Benefits of ECG for an organisation
• Strengthens purpose (social role + business)
• ECG balance = 360-degree view
• Maximises employee input to the business’ operations
• Cooperation platform for like-minded organisations
• Attracts employees looking for meaningful work
• Attracts ethical customers
• Reduces staff turnover and recruitment costs
• ECG certified organisations can give input into ongoing development
of the Matrix
“driving systemic change”
Economy for the Common Good
Feedback from ECG Businesses
VAUDE the outdoor clothing company and one of the ECG pioneer
companies has been awarded the status of Germany’s most
sustainable brand. The ECG found it exemplary in areas of
ecological product design and reducing environmental impact.
http://csr-report.vaude.com/gri-en/csr-standards/economy-for-thecommon-good.php
“The Economy for the Common Good is an important element of
sustainability reporting for VAUDE. We are creating even more
transparency, and engaging in critical dialogue with the public and
the common good network”
Antje von Dewitz, VAUDE CEO
“driving systemic change”
Economy for the Common Good
Feedback from ECG Businesses
Waldorf School for children and youth with
developmental disabilities
Through the process:
• We experienced a shift in awareness about ECG
• Affirming and encouraging being part of a global movement trying
to make a difference
• A way of systematically taking stock of practices that support our
values
• Allows you to recognise areas of strengths and weakness
• Structured self-reflection of organisational structures enables
strategic planning
Jan Goeschl, Director of Programs
“driving systemic change”
Economy for the Common Good
Feedback from ECG Businesses
Organisation for social
inclusion
Creating the ECG balance inspired us to:
• Increase and integrate our vision into our day-to-day business
• Develop new ideas for sustainable business management in
collaboration with
our whole team, including a better work/life balance
• Powerful impact of democratic decision making. It’s clearly
noticeable
that the responsibility for the organisation is held by all 26
employees
Vera Sokol, MD
“driving systemic change”
Contact details:
Andy Chapman
[email protected]
Bridget Knapper
[email protected]
“driving systemic change”