Paint Recycling a Fortune for All

People often console themselves that they will use leftover paint after they finish a paint job. They stash the color in the store for future use. However, most of these paints end up getting mould from years of storage and end up as wastes. An estimate of 50 million litres of colours gets wasted in the United Kingdom yearly.

The good news is that a network of 74 projects name Community RePaint aims to tackle the issue of paint wastage. The foundation which began in Leeds has the vision to reduce household hazardous waste. Another goal for the start-up is to ensure community groups, low-income home, and charities get a cheaper alternative should they need to brighten their walls.

ReciproCity is one of the biggest repaint schemes in the peninsula of Northwest England. The social enterprise evolved from a building material store into a decorator’s paradise. The paint then gets sold at an affordable price. The leading suppliers of the colours are trade wholesalers, manufacturers, and public donators.  In 2017 the company received around 81,000 litres of paint.

The reused paints have the same price among all products and companies. However, before a resale, the company’s eight-member team rein checks the color. It ensures that it contains no mould and that the contents of the inside match the written description of the tin or label.

The movement is beneficial to the environment in that it minimises wastage of paints. Most of the colours get thrown out to the environment after the years of it in storage amount to nothing.

References

https://www.theguardian.com/world/2018/oct/01/pot-luck-the-paint-recyclers-who-put-leftover-litres-to-good-use

 

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Social Enterprises Play a Crucial Role in Procurement

A procurement event called “The Art of the Possible is set to happen in Glasgow, United Kingdom. The event scheduled to kick off as from 10-30 to 14.30 hours on Friday, 16th November 2018 will occur at the Jayne Chappell Social Firms Scotland.

The Scottish government applauds the work by social enterprises. The government believes that the role that these social platforms play to bring about functions in the public service sector. One of the main plays of the part includes employability.

Social enterprises are passionate about installing social values within procurement and commissioning. It reflects positively in the public sector’s purchasing ability which results in maximum social benefits. The Scottish also benefit by getting value for their money.

Legislations billed in recent years have created opportunities that support the social, environmental and economic wellbeing. Such opportunities solve matters like inequalities, create jobs especially for the youth and the needy, and promote innovations. Legislative rules are not stable foundations on their own; they need the support of social entrepreneurs. It ensures that public value gets met through changes in behaviour and culture.

Public bodies depend on social entrepreneurs and the likes to produce different ranges of sustainability outcomes. Moreover, that is very crucial since procurements have a lot of concern about sustainability.

With the aid of social platforms, there exists a flexible fundamental shift. The shift focusses on behaviours and perceptions that make people view procurement as a refraining element of innovation. It leads people to see it as an enabler of activities and changes.

 

References

https://www.eventbrite.com/e/procurement-the-art-of-the-possible-registration-50348078458

 

The Five Most Famous Social Entrepreneurs

From time immemorial, entrepreneurship has been about making profit, even if it means adopting “the end justifies the means“ philosophy of life.  Even those entrepreneurs who decided to become altruistic, would only convert later in their lives, once they have accumulated enough wealth through their businesses. Similar to a sinner who repents on his deathbed in order to escape eternal punishment and be accepted into heaven.

Nowadays, social entrepreneurship is the order of the day. We are witnessing the emergence of a hybrid business model, with entrepreneurs making money, but also forming partnerships with social organizations and helping address the most pressing social issues.

They are modern-day Robin Hoods, and here are some of the most famous among them:

  1. Bill Drayton

Bill Drayton is one of the founding fathers of social entrepreneurship. He founded “Ashoka: Innovators for the Public“, the organization dedicated to bringing social entrepreneurs from all over the world together and helping them with their projects.

  1. Scott Harrison

Living  in one of the wealthiest parts of the world, New York City, Scott Harrison decided to leave it all behind and establish the non-profit charity, providing accessible drinking water in developing nations and giving away 100% of his organization’s profits.

  1. Muhammad Yunus

Yunus was awarded the Nobel Peace Prize for funding the Grameen Bank, which gives microcredit loans to the poor who want to start businesses, but lack any credit history and rating.

  1. Blake Mycoskie

During a visit to Argentina, Mycoskie found out that many chidren were getting injuries and infections because they were walking barefoot, with no shoes to wear. This prompted him to establish TOMS Shoes, donating one pair of shoes for every pair sold.

  1. Jeffrey Hollender

Hollender is the co-founder of Seventh Generation, natural products company, established with the aim of producing products with low environmental impact and donating 10% of its profits to charity organizations. No longer the CEO, he is still active as an author and the advocate for sustainability.

 

References:

Investopedia (https://www.investopedia.com/articles/investing/092515/10-most-successful-social-entrepreneurs.asp)

Online College (https://www.onlinecollege.org/2012/06/26/the-10-greatest-social-entrepreneurs-all-time/)

 

 

 

Russ Stoddard, a Passionate Social Entrepreneur

Russ Stoddard is the founder and former manufacturing chief executive officer of Oliver Russell. This is a purpose-driven creative agency that has a global clientele. It is teaming up with the former chief executive officer in launching the Humanista. This is a consulting firm that is fully given to transforming business and invest through social purpose. Humanista is focused on bringing a positive change in the lives of people through social purpose through the implementation of tangible impacts that can be practiced on a daily basis. Russ Stoddard is the founder and will be maintaining the presence of the company in the United States in Boise.

Russ added that they are ready to help leaders in integrating their social purpose into the firms. He has a thirty years’ experience in running the organizations both small and large and is reasonable for building companies. Through working with the cities, companies, and individual investors, the Humanist brings actionable plans for a wide variety of organizations. This consulting firm partner and owns various social enterprise labs. There is a high presentation of economic opportunities in the circular economy.

Some of the major services offered in Humanista include social impact corporate training and education, chief executive office coaching, interactive workshops, investing and raising capital, and speaking engagements. Together with Russ, they are committed to transform the business and create history. Russ Stoddard is the founder of the Oliver Russell, based in Idaho, Boise. He is a renowned leader in the business community has contributed to various platforms like sustainable brands and such.

 

References

http://www.csrwire.com/press_releases/41464-American-Social-Entrepreneur-German-CEO-Launch-Social-Purpose-Consultancy

Social Entrepreneurship:The Answer to the World’s Problem

With the planet facing numerous problems such as drastic climate change, overpopulation, man-made calamities, limited resources and many more there is a need for a solution for all these problems. Social entrepreneurship as a business-oriented strategy proposes to cater to the environment, to provide people with skills to earn a livelihood and to still enable people to make profits off their initiatives.

When the new branch of entrepreneurship was proposed in 2005 it seemed too farfetched. Instead of presenting people with entrepreneurial ideas, social entrepreneurship aims at equipping people with the skills to come up with their own ideas. It also enables individuals to be able to co-exist amongst themselves and in the social environment. By offering various classes that open up the minds of individuals, social entrepreneurship aims to equip them with skills that will benefit them and the entire environment.

Statistics from the Social Enterprise Survey in 2015 indicated that most social enterprises have business that is three times more than other SME startups. Over 49% of social enterprises had been running for five years and 35% of the companies had been running for three years or less. The survey also showed that social entrepreneurs are more innovative as in a period of twelve months 59% of them had introduced a new product into the market.

The key aim of social entrepreneurship is to do more social good while they earn their profits. Most of the profit earned by social entrepreneurs goes back into accomplishing environmental or social goals. Social entrepreneurship is not only creating positive change in the world it is also building upon values that people had disregarded for their own personal gain.

 

References

https://www.huffingtonpost.com/loukia-papadopoulos/the-future-belongs-to-soc_b_11033464.html

 

 

The Fight for Clean Renewable Energy Shifts from Global To Local

With the election of President Donald Trump, people were unsure on which way the clean energy initiative would take. In this war to reduce the use of fossil fuels and to increase clean energy use the non-state actors are highly essential. Climate action in the near future is heavily dependent on the non-state actors and their use of renewable energy.

The green economy that was envisioned will only be possible if clean energy is used by small and large businesses and non-state actors alongside local states join together to do away with non-renewable fuels. In the Paris Agreement, a total of 365 corporations announced their need for low-carbon energy to enable the US to be energy sufficient. Companies are making strides to go 100% renewable energy. RE100 is the new form of renewable energy that most companies are using.

In 2017, Google started an initiative of purchasing renewable fuel with the hope of transitioning to 100% renewable energy in the future. Other companies have also joined the fight with Apple Park running on 100% renewable energy. Other companies such as Amazon and Facebook have set goals to transition into 100% renewable energy in the near future.

Apart from various companies joining the clean energy movement, a number of U.S. states are also transitioning into the use of renewable energy. New York, for instance, hopes to be producing 50% of its own renewable energy by the year 2030. Cuyahoga County has built a solar farm that powers seventeen of their county buildings. The fight for clean energy fuel has ceased to be just a global issue as non-states, local states, businesses, and mere citizens are joining the initiative.

 

References

https://www.huffingtonpost.com/entry/from-global-to-local-the-_b_13897090

 

Grameen Bank: Helping the Poor

Muhammad Yunus is an awe-inspiring man. He grew up in a village in Bangladesh, went on to become a professor in Chittagong College and obtained the PhD the from the Vanderbilt University. However, he did not forget the poorest of the poor in his homeland. He noticed that poor Bangladeshi people who had a small business of their own, were forced to resort to usurious loans to keep their business going and buy materials. As a result, they could never make any profit, and had no way of escaping extreme poverty, no matter how hard they worked.

Yunus came up with an idea to offer these people microcredits, believing that they would repay that money. Sure enough, when he lent $27 to 42 women in his village, they made a profit of 0.02$ each. For his efforts in the struggle against poverty, he was awared the Nobel Peace Prize in 2006.

Now, Yunus is expanding his concept through Yunus Social Business, helping the poor all over the world, because their struggles are the same everywhere. In his words:“Young people should know about it. They should learn that there are two kinds of businesses in the world. One is a business which makes money and the other solves the problems of the world. It’s an academic exercise and what they do with that in real life will depend on them, what kind of live they would like to choose“.

That is the best defintion of social entrepeneurship. Social entrepeneurs rely on innovation and business principles, but their main intention is not to make profit- instead, it is to help society in addressing some of its pressing needs.

 

References:

 

Guardian (https://www.theguardian.com/sustainable-business/2017/mar/29/we-are-all-entrepreneurs-muhammad-yunus-on-changing-the-world-one-microloan-at-a-time)

 

Harvard Business Review (https://hbr.org/2010/05/the-bold-vision-of-grameen-banks-muhammad-yunus)