Towards an Ethical Economy

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1 Towards an Ethical Economy Dr Wayne Visser Senior Associate, CPSL Director, Kaleidoscope Futures @CSRint

2 The evolution of responsibility 1980s Philanthropy Late 2000s Responsible Competitiveness 1970s Shareholders Early 1990s Corporate Governance Creative Commons License Late 1990s Stakeholders Engagement Early 2000s Corporate Accountability

3 The evolution of sustainability 1980s Health & safety Late 2000s Sustainable markets Early 1990s Environmental management 1970s Quality management Late 1990s Health, safety & environment Early 2000s Triple bottom line Creative Copyright Commons 2012 License Kaleidoscope Futures Ltd

4 Stages of Ethical Economy Ethical Economy 1.0 Transformative Defensive The Age of Greed Charitable The Age of Philanthropy Promotional The Age of Marketing Strategic The Age of Management The Age of Responsibility Ethical Economy 2.0 Source: W. Visser, The Age of Responsibility, 2011

5 Ethical Economy 1.0 = A Choice Source: ISO, 2004, W. Visser, The Age of Responsibility, 2011

6 How Has Business Responded? Ethical Economy 1.0 = A Mask Why? WHY!? Why do I have to pretend to care when I don t? I DON T! More doctors smoke Camel

7 Ethical Economy 1.0 = A Cost Source: W. Visser, The Age of Responsibility, 2011

8 Principles of Ethical Economy 2.0 KALEIDOSCOPE 5-S FUTURE FITNESS FRAMEWORK SAFE SHARED SMART SUSTAINABLE SATISFYING

9 Safe Economy - Vision A safe economy is one in which our products, organisations, communities, cities and countries: do not damage our health and wellbeing; rather, they minimize our exposure to toxins, sickness, disease and danger, allowing us to feel physically and psychologically secure SAFE

10 Safe Economy Reality SAFE

11 Shared Economy - Vision A shared economy is one in which our SHARED products, organisations, communities, cities and countries: address issues of equity and access by being transparent about the distribution of value in society working to ensure that benefits are fairly shared and that diversity is respected

12 Trends: Shared Inequality Economy Progress? SHARED

13 Smart Economy - Vision A smart economy is one in which our products, organisations, communities, cities and countries: use technology to better connect us to each other and allow us to share what we value most. facilitate more democratic governance by allowing us (as customers or citizens) to give direct, immediate feedback SMART

14 Smart Economy Progress? SMART

15 Sustainable Economy - Vision A sustainable economy is one in which our products, organisations, communities, cities and countries: operate within the limits of the planet by radically changing resource consumption patterns & ecosystem impacts shifting to renewable energy and resources closing the loop on production and moving to a low carbon society. SUSTAINABLE

16 Sustainable Progress? SUSTAINABLE

17 Satisfying Economy - Vision A satisfying economy is one in which our products, organisations, communities, cities and countries: produce high quality services that satisfy our human needs as well as enabling a lifestyle and culture that values quality of life, happiness and other indicators of wellbeing SATISFYING

18 Satisfying Economy Progress? SATISFYING Green = Most Happy Red = Least Happy HAPPY PLANET INDEX

19 The Ethical Economy Challenge Source: UNDP & Global Footprint Network

20 The Meaning of Responsibility Responsibility is literally what it says our ability to respond. Responsibility is the counterbalance to rights Responsibility is a form of sharing

21 What Have We Got to Lose? Ethical Economy 2012

22 Thank You! Good luck! & CSR International & Wayne Visser CSRint & KaleidoFutures & WayneVisser CSR International & Wayne Visser csrinternational & WayneVisser