{"id":13,"date":"2011-12-20T09:13:26","date_gmt":"2011-12-20T14:13:26","guid":{"rendered":"http:\/\/bam-enterprises.com\/?p=13"},"modified":"2012-03-09T13:22:11","modified_gmt":"2012-03-09T18:22:11","slug":"the-bam-triple-bottom-line","status":"publish","type":"post","link":"https:\/\/fibonaccifund.com\/site\/the-bam-triple-bottom-line\/","title":{"rendered":"The Fibonacci Fund triple bottom line…"},"content":{"rendered":"

Conscious Business Practices<\/strong><\/p>\n

In the spirit of providing continuity in defining what it means to practice Conscious Business, here is an excellent summary as found on WIKIPEDIA’s encyclopedia site: wikipedia.org, search “Conscious Business”.<\/p>\n

There is currently no agreed upon criteria to ascertain whether a business is a Conscious Business or not. However, there are some highly agreed upon principles.<\/p>\n

CONSCIOUS BUSINESS is a term used to describe a business enterprise that seeks to be aware of the effects of its actions, and to consciously affect human beings and the environment in a beneficial way. Conscious Business also refers to a movement towards \u201cValue’s based\u201d economic value, where \u201cValue’s\u201d represent social and environmental concerns globally as well as locally. The Conscious Business movement has emerged from the theory of Corporate Social Responsibility, and is currently related to movements of Not Just For Profit Business Models, Conscious Consumerism, and Socially Responsible Investing. Conscious Business could also be referred to as \u201cConscious Capitalism\u201d<\/p>\n

Doing No Harm
\nIt is generally agreed upon that the product or service of a Conscious Business should not be intrinsically harmful to humans or the environment. However, it is possible for such a business to be taking part in the Conscious Business movement if it is taking conscious steps to be more aware of it’s social and environmental affects, and to adopt more beneficial social or environmental practices.<\/p>\n

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Triple Bottom Line Model
\nMost Conscious Business subscribe to a Triple Bottom Line model of success for their business endeavor. They aim to provide positive value in the domain of People, Planet, and Profit.<\/p>\n

People
\nA Conscious Business seeks to benefit both the external livelihood as well as the internal lives of its shareholders and employees. Furthermore, the Business seeks to benefit all stakeholders including manufacturers, affected communities, and humanity at large. Some trends in Conscious Business which have arisen out of these efforts include:<\/p>\n

The forming of wellness affirming workplace cultures
\nImproved Employee benefit programs
\nUse of Fair Trade materials for manufacture or sale
\nAssistance to communities who supply raw materials
\nAssistance to communities who manufacture materials
\nLocal Community outreach programs<\/p>\n

Planet
\nA Conscious Business will seek to minimize its impact on the environment, and replenish the environment where it is able. Conscious Businesses may choose to benefit the environment in many different ways, some trends include:<\/p>\n

Robust Recycling programs
\nBuilding \u201cGreen\u201d or \u201cZero-impact\u201d workplace facilities
\nUsing solar or wind energy in the workplace
\nPurchasing materials from organic or sustainable farmers
\nPurchasing renewable and sustainable materials
\nWorking with environmentally conscious distributors
\nUrging manufacturers and distributors to adopt better environmental practices
\nAdopting sustainable product packaging<\/p>\n

Above and Beyond
\nMany Conscious Businesses choose to use their resources to benefit social and environmental programs that are not directly related to the creation or distribution of the product or service. Frequently, a Conscious Business will donate employee paid time, money, or products towards various non-profit organizations. Sometimes a Conscious Business will create a Foundation, which works with one particular cause. Also, some Conscious Businesses will become involved with social or political campaigns to protect the environment, animals, or people. Conscious Businesses will sometimes use significant amounts of their profit towards these causes. Furthermore, a Conscious Business will sometimes work closely with suppliers in either a farming or manufacturing community in a developing country, and help to develop the community economically and replenish it environmentally.<\/p>\n

Conscious Business Versus Social Responsibility
\nTo term a business a Conscious Business is unique from the concept of a Socially Responsible Business: although, of course, a Conscious Business is likely to be Socially Responsible. Being a Conscious Business does not only mean implementing a Local Community Program, or creating a company Foundation. A business could implement one of these programs and still not be aware or respond to the fact that the business as a whole is doing more harm than good. The term Conscious Business implies that a business will seek to be conscious of its impact on the world in various spheres, and continue this inquiry over time. It is concerned with both its impact on a human\u2019s inner and outer world as well as animal and environmental well-being. Furthermore, a Conscious Business considers both short-term and long-term effects of its actions or inactions. A Conscious Business evolves as does the methods that a business can and chooses to be of benefit to the world and to function with awareness. Therefore, though Conscious Businesses will be Socially Responsible, the term \u201cConscious Business\u201d holds larger connotations for the businesses\u2019 actions than does Social Responsibility.<\/p>\n

Conscious Businesses
\nMany believe that Anita Roddick pioneered the Conscious Business Movement with her company, \u201cThe Body Shop\u201d in 1976. This company has been an environmental leader, and worked to support various activist causes including putting an end to animal testing, and defending human rights. An overwhelming amount of Conscious Businesses can be found in the health food industry as well as the LOHAS (lifestyles of health and sustainability) market. However, today Conscious Businesses can be found emerging in almost all aspects of the business world. There are various agencies and companies that catalogue the social and environmental practices of businesses for consumer use, as well as companies which consult with businesses to increase their awareness and beneficial practices in the world.<\/p>\n

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Conscious Business Practices In the spirit of providing continuity in defining what it means to practice Conscious Business, here is an excellent summary as found on WIKIPEDIA’s encyclopedia site: wikipedia.org, search “Conscious Business”. There is currently no agreed upon criteria to ascertain whether a business is a Conscious Business or not. However, there are some  [ Read More ]<\/a><\/p>\n","protected":false},"author":3,"featured_media":154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[],"class_list":["post-13","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ff-main-points","category-fibonacci-fund"],"_links":{"self":[{"href":"https:\/\/fibonaccifund.com\/site\/wp-json\/wp\/v2\/posts\/13","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fibonaccifund.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fibonaccifund.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fibonaccifund.com\/site\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fibonaccifund.com\/site\/wp-json\/wp\/v2\/comments?post=13"}],"version-history":[{"count":14,"href":"https:\/\/fibonaccifund.com\/site\/wp-json\/wp\/v2\/posts\/13\/revisions"}],"predecessor-version":[{"id":225,"href":"https:\/\/fibonaccifund.com\/site\/wp-json\/wp\/v2\/posts\/13\/revisions\/225"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fibonaccifund.com\/site\/wp-json\/wp\/v2\/media\/154"}],"wp:attachment":[{"href":"https:\/\/fibonaccifund.com\/site\/wp-json\/wp\/v2\/media?parent=13"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fibonaccifund.com\/site\/wp-json\/wp\/v2\/categories?post=13"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fibonaccifund.com\/site\/wp-json\/wp\/v2\/tags?post=13"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}