politics

Triple Bottom Line Companies on the Rise, Propose New Corporation Classification

- Adam Clare

A triple bottom line corporation is one that watches closely not only profitability but also it’s sustainability. Triple bottom line companies are on the rise not only in performance but also in popularity as more people realize the fragility of the planet and the lack of attention we give it.

Triple bottom line companies give equally weighting to environmental goals and economic goals which can make the company more profitable, but some companies may take a competitive hit. For those companies, a group in the USA is fighting for a new type of corporation known as a “benefit corporation”.

Proponents of this new corporate form say it essentially bakes a triple bottom line into a company’s DNA that frees companies from the fear of shareholder lawsuits if their decisions fail to maximize shareholder value because of some competing interest of other stakeholders, such as workers. Under current corporate case law in the United States, for example, corporate directors are generally assumed to be liable in such suits. Incorporation as a benefit corporation is intended to establish the directors’ fiduciary responsibility to consider the interests of all stakeholders. Formalizing a company’s social and environmental purposes under a legal framework also makes it more likely that its good intentions will survive the departure of its founders or any major spurts of growth and that its directors will have the legal backbone to fend off buyout offers from conventional corporations that do not have the same commitments.

Most benefit corporations to date are either small or medium-sized businesses. But they include a few larger companies that are privately held, such as the outdoor apparel and accessory firm Patagonia Inc., which reportedly had annual sales of about $540 million for the year ending April 2012, and King Arthur Flour, an employee-owned, 223-year-old company with reported sales of about $84 million in 2010.

Read more at Worldwatch.

Ontario Saves Experimental Lakes Area

- Adam Clare

The federal government of Canada is so anti-environment that it hurts everyone on the planet. Their unwavering support for the world-destroying tar sands, refusal to work with other countries to improve the planet, and their inability to acknowledge human influenced climate change is revolting and regressive. Now that I got that off my chest….

Their most recent insult to environmental science in Canada was to shutter the Experimental Lakes Area in Ontario. Don’t worry, this is where the good news comes. Lucky, the provincial government understands the importance of monitoring our changing climate and stepped up to save the ongoing project.

The remote region of 58 pristine lakes has been used since the late 1960s for groundbreaking freshwater studies.

It became the subject of controversy when Ottawa announced last year that it was closing the area to save $2 million annually.

The Ontario government says it is working collaboratively with the federal government, the Manitoba government and others to keep the area operational this year and to ensure sustained longer-term operations.

It says the research performed in the area helps with pollution reduction strategies, understanding of climate change and how to protect our lakes and rivers in Ontario, across Canada and around the world.

Read more at the National Post.

India’s Supreme Court Paves the Way for Cheaper Pharmaceuticals

- Adam Clare

India continues to pave the way for providing cheaper generic drugs for its citizens compared to other nations which have a heavy patent system. Previously India has produced drugs for 97% less than ‘normal’ costs as well as committing to the development of generic drugs. Looking out for their citizen’s wellbeing has got them in trouble with a Swiss pharmaceutical company though.

The company took the government to court and after seven years of legal battles the court sided with the government’s goal of providing affordable health care.

Healthcare activists have called on the government to make medicines cheaper in a country where many patented drugs are too costly for most people, 40 percent of whom earn less than $1.25 a day, and where patented drugs account for under 10 percent of total drug sales.

“This appears to be the best outcome for patients in developing countries as fewer patents will be granted on existing medicines,” said Leena Menghaney, Medecins Sans Frontieres’ Access Campaign manager for India.

Over 16,000 patients in India use Glivec, the vast majority of whom receive it free of charge, Novartis says. By contrast, generic Glivec is used by more than 300,000 patients, according to industry reports.

“It’s a victory for patients who take these medicines and also for the government,” said M. Adinarayana, company secretary at Natco Pharma.

Read more here.

Canadians Want Science to be Free

- Adam Clare

Scientists in Canada have come under attack and censorship under the federal Conservative government and Canadians want that to change. Science Uncensored is a new organization focused on ensuring that research funded by the government is freely available to Canadians and that the government stop censoring research results. In the past few years, research on the damage of salmon farming to the effects of climate change on Canada have been held back from public release due to alleged political pressure. It’s great to see people who want evidence-based debate on policy standing up against this sort of intervention in scientific research.

If your Canadian, I encourage you to take a few minutes and send a message to your MP to voicing your support for open and free science.

Informed public debate is the foundation of democracy. Informed means, at the very least, having the scientific information that we have paid for through our tax dollars available for discussion. This means allowing our publicly-funded scientists – whose salaries and research costs we pay – to communicate freely.
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In early 2012, a number of science and science journalism organizations signed a letter to Prime Minister Harper asking that the muzzling of government scientists stop. Despite this and other actions, the muzzling has continued and the situation is getting worse. Just last month Democracy Watch and the University of Victoria Environmental Law Centre submitted a letter to the Information Commissioner asking her to investigate and determine whether the new science-communication policies are even legal.

Find out more at Science Uncensored.

Crowdfunding for Political Change

- Adam Clare

Sites like Kickstarter and Indiegogo have changed the way some projects get funding by using contributions from individuals on a large scale. There have been many art projects and products that have come into existence thanks to this new trend in crowdfunding.

Todd Aalgaard has wondered if crowdfunding can be used to encourage progressive politics. His insights into what crowdfunding can mean to political movements is a good read.

Expanding on the social remedy to this crisis that crowdfunding provides, the white paper goes on. “Besides the obvious benefit of increased fundraising potential,” it reads, “crowdfunding also offers a creative and engaging approach to raising awareness of your mission and, ultimately, growing your brand.”

“Think about it like this. It’s what we like to call the Rule of 10,” it reads. “First, imagine your organization has a donor list of 100 people. Now imagine your organization builds a crowdfunding campaign, and 10 of your supporters participate. Those 10 people create personal fundraising pages and then broadcast these pages to their social networks on a site like Facebook.”

The knock-on result, it suggests, is that the ripple-effect outreach brings a message, political, humanitarian, or otherwise, to roughly 10 times your initial donor base. In an emerging reality where democracy is influenced by a select and very powerful few, fundraising working in tandem with outreach—a basic strategy in both of Barack Obama’s successful presidential campaigns—is a way to resist the forces working against the public at every turn.

Read more at the Bankless Times.

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