Looking Forward – Relevance Achieved By Amy Domini, CFA, founder, Domini Social Investments ( Article from Fall 2012 - Special 20th Anniversary issue of GreenMoney Journal and  www.GreenMoney.com )

Looking forward ten, even twenty years, what will Socially Responsible Investing (SRI) have become? What will it have accomplished? What will the field look like? Today, I build a case for a good future. In a word, it will largely be marvelous.

Roughly 15 years ago, I spoke in Jackson Hole, Wyoming. It is a spectacular setting, one that makes a person proud to be in a great nation like ours, one that protects such places. Yet, as I reminded the audience that day, it had not been the public that had kept the Grand Tetons pristine. It was one man, John D. Rockefeller, who had purchased the land and given it to the nation.

This is the classic dilemma we in SRI struggle with every day. It is great that the Grand Tetons are a public treasure, but they became so on the backs of crushed labor forces, pollution and selfishness. One man made his money and then gave it away, but he set in motion the international oil industry, an industry that is robbing us of a climate, a future.

That day I challenged SRI to become relevant. Today, I can see clearly that it has. Over the next twenty years, the positions we have taken and the battles we have fought will lead to a universal understanding that what we have been saying, the way you invest matters, is absolutely correct. We will see our guiding principles integrated into the mainstream. We will be astonished at the acceptance and the impact that we have had.

How We Became Relevant - Performance Matters

Perhaps the most devastating argument we faced early on was the Modern Portfolio Theory (MPT). It argues that the previous “prudent man” idea of buying good stocks alone, created risk. Introduced in 1952 by Harry Markowitz, the original premise was simple: investors should focus on overall portfolio risk. Simply put, even if you love software, you still shouldn’t build an entire portfolio of software stocks. Astonishingly, this revelation won Mr. Markowitz a Nobel Prize in Economics and caused the entire financial services industry to argue that the individual risk characteristics of a company mattered little.

Against this backdrop, SRI seemed hopelessly old fashioned. We argue that each company, by virtue of the industry within which it operates, faces a series of risks that we label as risks to people or the planet. We then argue that taking too large a risk is not necessary and further, that it perpetuates an acceptance of these risks. Wall Street pundits stated with great authority, but with no basis, that our form of analysis flew in the face of Modern Portfolio Theory and so would fail. Our largest barrier was that, to use the vernacular, every smart person knew SRI was stupid.

The evidence proved otherwise. The MSCI KLD 400 Social Index has not only debunked the premise of MPT, but also shown that risk avoidance works. The index has outperformed -- and has done so with a lower standard deviation. Clearly, examining the risk of corporate behavior tells us something about a company that is useful to investors.

Why We Are Relevant – An Increase in Reporting

SRI practitioners have pushed for “extra-financial” data and have gotten it. At first, true comparative data on companies was extremely scarce in some areas of keen interest to the concerned investor. Any good researcher understands that the newspapers are a lousy place to start. The fact that we know that Apple sourced from Foxconn does not tell us what Hewlett Packard does. What is needed is data that is universally ascertainable, without the company answering a questionnaire (which allows them to self-define), and the data must be quantitative in nature, e.g. I don’t care as much about a statement that a company seeks diversity as I do about how many minorities have been hired.

Today, thousands of companies self-report. Whereas the one or two companies that issued Social Responsibility reports thirty years ago were real outliers, today it is so mainstream that Forbes magazine maintains a blog to follow them. Accounting giant PWC makes available the 2010 survey of CSR reporting on their website. The highlights: 81 percent of all companies have CSR information on their websites; 31 percent have these assured (or verified) by a third party. Their 2012 update contains examples of what to look for when writing (or reading) them.

Who was pushing for this disclosure? It wasn’t civil society, it wasn’t Wall Street; it wasn’t government. It was a loose confederation of concerned investors who consistently pushed for greater and more standardized “non-financial” information.

Why We Are Relevant – An Increase in Regulation to Disclose

Regulators are beginning to expand on the data corporations are required to disclose. Remember, there was no God-given definition of the right way to report financials to investors. In 1932, when reforms to protect investors began, regulators looked at some of the pre-existing methods and evaluated them. This led to audited annual reports on income statements and balance sheets. It led to quarterly unaudited reports. These had, in the past, come to be viewed as important in judging the financial soundness of a corporation.

However, the regulators did not stop with accounting issues. Given that the 1930s were a period of high unemployment, the number of company employees was considered important, and so its disclosure became mandated. There is no reason that more robust social and environmental reporting shouldn’t be in the financial reports. We already disclose a company’s hometown, without companies complaining of the inappropriateness and burden of so doing.

The Initiative for Responsible Investment at Harvard University maintains a database of Global CSR Disclosure requirements. In it we find 34 nations are taking steps. In 2009, Denmark, required companies to disclose CSR activities and use of environmental resources. In 2010, the United Kingdom required companies that use more than 6,000MWh per year to report on all emissions related to energy use. Malaysia, in 2007, required companies to publish CSR information on a "comply or explain" basis. Regulators, recognizing the societal costs of less than full cost accounting, are moving in to mandate disclosure.

Mainstreaming - With this solid base, here come the “big boys”

Conventional asset managers and the academic community have brought SRI to the mainstream. I began by saying the future for SRI is marvelous. Consider a world in which every major financial asset management firm demands that its staff study the social and environmental implications of the investments they make and bases recommendations upon it.

But this has already begun. Consider MEAG, the American portfolio management branch of Munich Re. Their team buys only publicly traded bonds which then back the insurance the firm issues. They use ESG criteria to give their research the edge and to avoid risk. When I met with their research team, I found that they use several of Domini’s Key Indicators. No, we don’t publish the indicators. It also was not a coincidence. The two firms independently discovered the same indicators to be telling because they both use the same logic in approaching the issues. Or there is UBS Investment Bank, where analysts specifically address the social, environmental or governance risks of a company they are recommending.

Finally, look at the all-important realm of academia, where MPT began. Just three recent examples are telling:

The Impact of a Corporate Culture of Sustainability on Corporate Behavior and Performance by Professors Robert Eccles and George Serafeim, Harvard Business School. “… we provide evidence that High Sustainability companies significantly outperform their counterparts over the long-term, both in terms of stock market and accounting performance. The outperformance is stronger in sectors where the customers are individual consumers, companies compete on the basis of brands and reputation, and in sectors where companies' products significantly depend upon extracting large amounts of natural resources.”

Corporate Social Responsibility and Access to Finance by Beiting Cheng, Harvard Business School, Ioannis Ioannou, London Business School, and George Serafeim, Harvard Business School. “Using a large cross-section of firms, we show that firms with better CSR performance face significantly lower capital constraints. The results are confirmed using an instrumental variables and a simultaneous equations approach. Finally, we find that the relation is primarily driven by social and environmental performance, rather than corporate governance.”

An FDA (Food and Drug Administration) for Financial Innovation: Applying the Insurable Interest Doctrine to Twenty-First Century Financial Markets, by Eric A. Posner and E. Glen Weyl, Law School, University of Chicago. “We propose that when firms invent new financial products, they be forbidden to sell them until they receive approval from a government agency designed along the lines of the FDA, which screens pharmaceutical innovations. The agency would approve financial products if they satisfy a test for social utility …”

The Next Twenty Years

This article limits its scope to only one leg of the SRI stool. It does not discuss the growth of shareholder activism, which is vibrant. Nor does it address the mainstreaming of selling products with narrow and specific social purpose, also a burgeoning field. Rather, by looking at the application of social criteria to an investable universe alone, we see that barriers have been removed, and that now both a mountain of money, and the force of government and academia, will work with us and introduce our goals into mainstream investment thinking.

We know we can make money, government is increasingly with us, and academia is swinging our way. Now, the rapid acceptance of more robust and integrated accounting has done away with the last barriers. This brings us the assets to have impact. As society sees the full cost of traditional business behavior, SRI will be embraced as the single most important lever towards building a better world than the planet has ever seen.

Article by Amy Domini, who has worked for decades to advocate that financial systems must be used to create a world of universal human dignity and ecological sustainability. She authored or co-authored several books. Her most recent, Socially Responsible Investing: Making a Difference and Making Money, was published by Dearborn Trade in 2001. She writes on the topic frequently. Her articles have appeared on the Huffington Post, the OECD Observer, GreenMoney Journal and the Journal of Investing. She is a regular columnist for Ode Magazine.

Time magazine named her to the “Time 100 list of the world’s most influential people” in 2005. President Clinton honored her at the inaugural meeting of the Clinton Global Initiative, citing her role in making socially responsible investing a global trend. The Dalai Lama, during a Town Meeting on Ethics, heard her presentation and urged his audience to give it credence.

Ms. Domini works with high net worth individuals at the Sustainability Group in Boston; she also founded Domini Social Investments, LLC ( www.domini.com ), a no-load mutual fund family for socially responsible investors. Between the two firms, she manages roughly $2 billion in assets, all invested with environmental and social objectives in mind.

She holds the Chartered Financial Analyst designation and received her B.A in International Economics from Boston University. In 2006, Ms. Domini was awarded an honorary Doctor of Business Administration from Northeastern University. In 2007, she received an honorary Doctor of Humane Letters from the Berkeley Divinity School at Yale. Ms. Domini is a past trustee of the Church Pension Board at the Episcopal Church (U.S.A.). Among others, she is also a past Board member of the Governing board of the Interfaith Center on Corporate Responsibility, the National Community Capital Association, and the Social Investment Forum.

For more information go to- www.GreenMoney.com

========

By Joe Keefe, President and CEO, Pax World Management  (From the special 20th Anniversary issue of the GreenMoney Journal and www.GreenMoney.com )

Twenty years from now, we will have either successfully transitioned from our current economic growth paradigm to a new model of Sustainable Capitalism or we will be suffering the calamitous consequences of our failure to do so. Likewise, sustainable investing will either remain a niche strategy or it will have supplanted mainstream investing. This is the critical point we must embrace: sustainable investing can no longer simply present itself as an alternative to traditional investment approaches that ignore environmental, social and governance (ESG) imperatives; it cannot simply be for some people; it must actually triumph over and displace traditional investing.  

The current model of global capitalism - call it growth capitalism - is premised upon perpetual economic growth that must ultimately invade all accessible habitat and consume all available resources.[Footnote 1] Growth capitalism must eventually collapse, and is in fact collapsing, for the simple reason that a finite planet cannot sustain infinite growth. Moreover, the dislocations associated with this infinite growth paradigm and its incipient demise - climate change, rising inequality and extreme poverty, resource scarcity (including food and water shortages), habitat loss and species extinctions, ever more frequent financial crises, to name just a few - will increasingly bedevil global policy makers in the years ahead. The public sector is already experiencing a high degree of dysfunction associated with its inability to confront a defining feature of this system: the need for perpetual growth in consumption spurs a corresponding growth in public and private debt to fuel that consumption, which has roiled financial markets and sovereign finances across the globe. 

Meanwhile, the environmental fallout from this infinite growth paradigm is becoming acute. All of earth’s natural systems – air, water, minerals, oil, forests and rainforests, soil, wetlands, fisheries, coral reefs, the oceans themselves – are in serious decline. Climate change is just one symptom. “The problem is the delusion that we can have infinite quantitative economic growth, that we can keep having more and more stuff, on a finite planet.”[FN 2] The problem is an economic system that makes no distinction between capital investments that destroy the environment, or worsen public health, or exacerbate economic inequality, and those that are aligned with earth’s natural systems while promoting the general welfare. Under growth capitalism, a dollar of output is a dollar of output, regardless of its side effects; short-term profit is valued regardless of the long-term consequences or externalities. 

It is therefore discouraging that, in the U.S. at least, there is no serious discussion in mainstream policy circles about alternatives to the present system. Nor do I think there will be for some time given our current political/cultural drift. Political and economic elites, and the public itself, remain committed to growth capitalism, accustomed to “having more and more stuff,” for a host of economic, social and psychological reasons. As Jeremy Grantham has written, “[t]he problems of compounding growth in the face of finite resources are not easily understood by optimistic, short-term-oriented, and relatively innumerate humans (especially the political variety).”[FN 3] Our campaign finance system, wherein policy makers are essentially bought off by and incentivized to advance the very interests that stand to profit most from the current system, is no help. Making matters worse, large segments of the public do not even accept what science teaches us about climate change, or natural systems, or evolution, or a host of other pressing realities. The late U.S. Senator Daniel Patrick Moynihan once said that everyone is entitled to their own opinion but not their own facts. Today, it seems that a growing number of people, aided and abetted by special interests that stand to benefit from public ignorance, are increasingly opting for their own “facts.”

So, neither the public sector nor corporate and economic elites, as a result of some newfound enlightenment, seem poised to consider alternatives to the current system. To the contrary, their first impulse will be to resist any such efforts. This is the critical problem at the moment: while there is an array of powerful forces aligned against the type of sweeping, systemic change that is needed, there is no organized constituency for it. There are individuals and groups who support this or that reform, or who are focused on critical pieces of the larger puzzle (e.g., climate change, sustainable food & agriculture, gender equality, sustainable investing), but there is no movement, no political party or leader, no policy agenda to connect the dots.

That is a shame because there is a clear alternative to growth capitalism that has been articulated in recent years by a diverse body of economists, ecologists, scientists and other leading thinkers - including leaders in the sustainable investment community.[FN 4]

Although there is as of yet no unified theory or common language, let alone any sort of organized movement to speak of, what has emerged is essentially a unified vision, and that vision might best be described as Sustainable Capitalism.[FN 5]

Sustainable Capitalism may be thought of as a market system where the quality of output replaces the quantity of output as the measure of economic well-being. Sustainable Capitalism “explicitly integrates environmental, social and governance (ESG) factors into strategy, the measurement of outputs and the assessment of both risks and opportunities…. encourages us to generate financial returns in a long-term and responsible manner, and calls for internalizing negative externalities through appropriate pricing.”[FN 6] Essentially, business corporations and markets alter their focus from maximizing short-term profit to maximizing long-term value, and long-term value expressly includes the societal benefits associated with or derived from economic activity. The connections between economic output and ecological/societal health are no longer obscured but are expressly linked.[FN 7]

There is no question that growth capitalism must give way to Sustainable Capitalism. It’s as simple, and as urgent, as that. Over the next 20 years, the sustainable investing industry must play a pivotal leadership role in ushering in this historic transformation. We will need to connect the dots and catalyze the movement. Why us? For the simple reason that finance is where the battle must be joined. It is the financial system that determines how and where capital is invested, what is valued and not valued, priced and not priced. The sustainable investment community’s role is vital because the fundamental struggle is between a long-term perspective that fully integrates ESG factors into economic and investment decisions and our current paradigm which is increasingly organized around short-term trading gains as the primary driver of capital investment and economic growth regardless of consequences/externalities.

The notion that sustainable investing can simply keep to its current trajectory - a few more assets under management here, a few more successful shareholder resolutions there, a few more GRI reports issued, another UN conference, an occasional victory at the SEC - and achieve what needs to be achieved on the scale required is, frankly, untenable. We need to be more ambitious in our agenda.

We will also need to take a more critical stance, not only advocating for ESG integration but against economic and investment approaches that ignore ESG concerns. We will need to consistently critique the notion that externalities associated with economic output are somehow collateral, or that financial return is sufficient without beneficial societal returns, or that markets are inherently efficient and self-correcting. We will need to unabashedly offer sustainable investing not as an alternative approach but as a better approach - as the only sensible, responsible way to invest.

I believe the sustainable investing industry will also need to align itself with a more explicit public policy agenda - while remaining non-partisan - and work with like-minded reformers to advocate for that agenda. For example, sustainable investors should be sounding the alarm about resource scarcity and advocating for a massive public/private investment plan in clean energy, efficiency technologies and modernized infrastructure.[FN 8] The age of resource scarcity and the need for efficiency solutions is upon us.[FN 9] At Pax World, we offer a fund - the Global Environmental Markets Fund (formerly the Global Green Fund) - whose investment focus is precisely that. Our industry needs to fashion such investment solutions, and I believe there will be opportunities to do so collaboratively as well as competitively.

I also feel strongly that the greatest impediment to sustainable development across the globe is gender inequality. Advancing and empowering women and girls is not only a moral imperative but can unleash enormous potential that is now locked up in our patriarchal global economy. Sustainable investors need to press the case that gender equality needs to be a pillar of Sustainable Capitalism. At Pax World, we also have a fund - the Global Women’s Equality Fund - whose investment focus is exactly that.

In my view, the sustainable investing community should also be advocating for public funding of federal elections, either through a constitutional amendment or, absent an amendment, through a voluntary public funding system. The notion that we can tackle any major public policy issue, let alone undertake the epochal transition to Sustainable Capitalism, while politicians and regulators are captive to the very interests they are supposed to regulate, is beyond naïve. We will not be able to reform capitalism if we cannot reform Congress. 

Finally, asset management firms like my own will need to find ways to craft new, more persuasive messages, launch new products, form new partnerships, and fashion new distribution strategies and alliances that are focused on lifting the industry as a whole, because a rising tide will lift all boats. Pax World has taken a step in this direction in launching our ESG Managers Portfolios, where many ESG managers and strategies are now available under one roof in one set of asset allocation funds. There is more to be done - together, as an industry. 

The times call for leadership. The transition to Sustainable Capitalism is necessary and urgent, as is the triumph of sustainable investing over investment approaches that effectively prolong and exacerbate the current crisis. Twenty years from now, our industry will be judged by whether we have met this burden of leadership. Our impact either will be dramatic or inconsequential. We either will succeed or we will fail. We should resolve to succeed, and to work collaboratively toward that end. 

Article by Joe Keefe, President & CEO of Pax World Management, headquartered in Portsmouth, NH. Pax World manages approximately $2.5 billion in assets, including mutual funds, asset allocation funds and ETFs, all of which follow a sustainable investing approach. Prior to joining Pax World, Joe was President of NewCircle Communications (2000-2005), served as Senior Adviser for Strategic Social Policy at Calvert Group (2003 – 2005), and was Executive Vice President and General Counsel of Citizens Advisers (1997-2000). A former member of the board of US SIF (2000 - 2005), Joe was named by Ethisphere Magazine as one of the “100 Most Influential People in Business Ethics” for 2007, 2008 and 2011, and in 2012 was recognized by Women’s eNews a one of “21 Leaders for the 21^st Century, where he was the sole male honoree. 

You should consider a fund's investment objectives, risks and charges and expenses carefully before investing. For this and other important information, please obtain a fund prospectus by calling 800.767.1729 or visiting www.paxworld.com . Please read it carefully before investing.

Equity investments are subject to market fluctuations, a fund’s share price can fall because of weakness in the broad market, a particular industry, or specific holdings. Emerging market and international investments involve risk of capital loss from unfavorable fluctuations in currency values, differences in generally accepted accounting principles, economic or political instability in other nations or increased volatility and lower trading volume.

Distributed by ALPS Distributors, Inc., Member: FINRA            PAX002590 08/13

Footnotes:

[1] See, William E. Rees, “Toward a Sustainable World Economy,” Paper delivered at Institute for New Economic Thinking Annual Conference, Bretton Woods, NH, April 2011, p. 4.

[2] Paul Gilding, The Great Disruption, Bloomsbury Press, 2011, p. 186.

[3] Jeremy Grantham, “Time to Wake Up: Days of Abundant Resources and Falling Prices Are Over Forever,” April 2011 GMO Quarterly Letter.

[4] I am thinking of such writers and thinkers as Wendell Berry, Lester Brown, Paul Gilding, Herman Daly, Thomas Friedman, Paul Hawken, Richard Heinberg, Mark Hertsgaard, Amory Lovins, Hunter Lovins, Bill McKibben, Donella Meadows, Jorgen Randers & Dennis Meadows, James Gustave Speth and, of course, E.F. Schumacher. Contributions from the sustainable investing community include Steven Lydenberg’s Corporations and The Public Interest, Robert Monks’s The New Global Investors, Marjorie Kelly’s The Divine Right of Capital, and The New Capitalists by Stephen Davis, Jon Lukomnik & David Pitt-Watson. See also the work of The Capital Institute, www.capitalinstitute.org

[5] Credit Al Gore, David Blood, Peter Wright and the folks at Generation Investment Management for putting a stake in the ground and endeavoring to define and popularize this concept.

[6] “Sustainable Capitalism,” Generation Investment Management LLP, 2012, p. 2.

[7] This notion of Sustainable Capitalism is not unlike the concept of “shared value” s advanced by Michael E. Porter and Mark E. Kramer. See, “Creating Shared Value,” Harvard Business Review, Jan-Feb 2011.

[8] See Daniel Alpert, Robert Hockett & Nouriel Roubini, “The Way Forward: Moving From the Post-Bubble, Post-Bust Economy to Renewed Growth and Competitiveness,” © 2011, New America Foundation, www.newamerica.net

[9] See Jeremy Grantham, “Time to Wake Up: Days of Abundant Resources and Falling Prices Are Over Forever,” supra; See also, “Resource Scarcity and The Efficiency Revolution,” Impax Asset Management, www.impaxam.com

For more information go to- www.GreenMoney.com

=======

Photo courtesy of Bigadventures

Unlike this lucky bloke,  green innovation is starting to feel pretty dam hard.

Many out there are struggling to develop new sustainable strategies, products, processes and implementing them all by pushing against the current flow.  Most are attempting to look at this world with green tinted glasses and reform almost all of the products and processes we live by.  The opportunity is certainly abounding and yet the reality can be sobering.  
Innovators are being asked to be more even more compelling, operate with less resources, and eek-out more value to each respective need.  A greater responsibility to improve current models, under the lens of sustainability, is falling on the brave and courageous few people to change the world.  The true goal may be to actually recruit "green" marines, the few and the proud… Hooo-Rah!


Pick any challenging real world issue and look closely… you can find just a handful of truly passionate social entrepreneurs working for change in that arena.  Whether the innovation is in food, agriculture, energy, technologies, products, or waste... we are being asked to redesign them all.  Only a few out there are truly developing system-wide changes to save time, resources and precious money, all in the greater name of sustainability.  When did the fate of so many lay in the hands of so few? But are we all trying to rebuild a ship after is has hit the iceberg and taking in water? Let's hope not.


At some point it all begins to feel like paddling upstream against the current while having "conventional" rocks appear in your path.  One can imagine the timeless innovators felt this great resistance… maybe we are no different now.  Oddly, most what we are transforming makes a product, service or process- simpler, easier, cheaper, with have less impact.  Consider clean technologies such as electric vehicles; simple to use (no gas), effective operations (gets you there) and easy to power (plug-in). Yet in today's ecological thinking, we must still prove the business case for them. Who is being asked to prove the business case for pollution, obvious waste with the harsh negative impacts we see daily... no one!


A collective grand vision for the green movement is to get all parties involved into the millions of innovations, as our evolution is seeking the best collaborative solutions to our varied modern problems. If we leave these crucial tasks only for a few to solve, making major inroads may simply take too long.  The conventional model is to work in a resource constrained systems that are functioning under old corporate cultures of; time equals money, bigger and better, and of course... not "my" problem.  

Our greatest task as innovators is now recruitment of conscious leaders... yes I do mean you! If you have made it this far, then you too could decide that now is the time to rally and gain momentum. Whether it be for noble ideals, lofty aspirations, personal gain or for the greater collective good of future generations... does it really matter anymore?  What matters now is what you do, how you live and what you support. We are all gifted with constant access to new communication channels, reliable information and available resources.  Even though there are few valid excuses left to claim… some certainly will.


If we wait, if we dilly-dally, if we decide not to give these bold efforts 110% now... where will it leave us all exactly?  Will we be able to move our own evolution forward fast enough to make real progress? Can we recruit others fast enough to the grand vision, so they can grasp it for themselves and realize this is our only way forward.  It may simply come down to values and a few questions to ask.


Trust- Do we have enough to move forward together?


Integrity- Similar to trust, can we commit to do what we say we will?


Responsibility- Can we find our own and help others see theirs?

Creativity- Can we look at the real issues with freedom and inspiration?


Motivation- Will what we are building move others to action?

Interested to hear your ideas, solutions and opinions?  Please share them here, it is a first step towards change. 

Jared Brick recently attained an MBA in Sustainable Management at the Presidio Graduate School in SF.  He is developing the first ever reusables tracking platform, rewarding consumers everywhere in their retail experiences.  Follow the journey at traxactions.com or on twitter: traxactions

….”[earth] has, or had, a problem which was this: Most of the people living on it were unhappy for pretty much all of the time. Many solutions were suggested for this problem, but most of these were largely concerned with the movements of small green pieces of paper… which is odd, because on the whole, it wasn’t the small green pieces of paper that were unhappy…”
— Douglas Adams

The recent financial crisis has been a credit crisis, and in response the government and the Federal Reserve have taken an active role in increasing the money supply to manipulate business cycles. The surges and contractions of the business cycles cause fluctuations in the economy, and thus in employment. In this way these fluctuations are felt in every aspect of society. We take these cycles as a given. However, in Ecological Economics Herman Daly and Joshua Farley (2008) put forward an interesting idea: the fluctuations in the economy are caused by the design of the monetary system, and not by law of necessity. By decoupling business cycles from the circulation of money these ups and downs can be avoided.

Currently the worldwide money supply is tightly linked to investment cycles. Business has its natural cycles, but the linkage of these cycles to the money supply by means of lending and borrowing causes a self-reinforcing feedback loop: when investment goes down, spending goes down, causing a decrease in the money supply, which will further decrease investments, and so on. Daly and Farley have a novel proposition: ‘there is no reason why the monetary system must be linked with the private commercial activity of lending and borrowing’.

Let’s imagine a world where the monetary system is decoupled from the activity of lending and borrowing. Money will be treated as a public good that facilitates exchanges within the economy. The government can match the supply based on for instance, consumer price indexes. A beneficial side effect is that inflation will be easier to control. The reserve requirements of banks will be 100%. Banks will make money by charging for services they provide and by borrowing and lending real money instead of by creating it.

What effects will such a decoupling have? Currently, the financial sector has a disproportionate size compared to the real sector: the size of the real sector is roughly $30 trillion per year, whereas the trade in money, with no intervening commodity is almost $2 trillion per day. The financial sector should be in service of the real economy, and a decoupling of the money supply from investments will support this.

With investments recoupled to the real economy – making economic profit based on increased production capacity by means of investments- the focus on how to make economic rents will shift.  Currently profits are made by moving paper around. With the financial sector recoupled to the economic sector it will become more important to make profits in the real economy. Introduction of a 100% reserve requirement will bring investors closer to their investments. It is only make-believe, but it is interesting to think of what implications this will have for business. With rents primarily to be made in the real sector instead of the financial, how will this affect the organization and management of business?

The current design of the economy and its institutions, banks and business, make up a system that is unstable, unpredictable and uncontrollable. After the crisis in 2008 most agreed that things needed to change. Yet most has returned to business as usual. The necessity for change has not eroded. Exploring this possibility of decoupling the monetary system from private lending may be a perfect solution to many of our economic problems.

Based on:

Daly, H., & Farley, J. (2007). Ecological Economics. Principles and Applications. Dehli: Island Press.

Classical economics as a discipline can be traced back to the publication of Adam Smith’s The Wealth of Nations in 1776. It is no coincidence that economics as a science emerged in the Era of Enlightenment, or ‘Age of Reason’.

Coming from an era where religion and concern about the afterlife dominated the lives of people, during the Enlightenment people started to explain and understand their world from a rational standpoint. This resulted in a flourishing of scientific discoveries. As a result the worldview changed: instead of God as the primary goal and end, reason was now seen as the source of ultimate knowledge. This new worldview was causal, mechanistic and deterministic.

Classical economics resonates with these ideas: humans are seen as rational actors, and the movements within the economy can be understood, explained and predicted by causal theories and mathematical formulae. In the last twenty years these assumptions have been challenged: economic theories have not been able to predict, explain or prevent any of the economic downturns we have been through. The theories seem to be less applicable to an understanding of an increasingly complex reality.

In the last decades various perspectives have emerged that have affinity with this increased complexity: complexity theory and systems thinking. It seems as if we cannot understand reality by understanding separate elements. Meaning emerges from the interactions between different elements within a system and between systems. The relatively new branch ‘ecological economics’ is congruent with the new complexity and systems paradigm, and takes a break from the mechanical worldview: it does not accept the pre-analytic version of the world assumed by mainstream economics. Within classical economics parts of reality, like the social or ecologic reality are excluded for the sake of theory. The basic tenets of classical economics, rational thinking and the market mechanism, do not stand firm when tested in reality. The comprehensive systems worldview of ecological economics is much better equipped to do so.

For instance, the market mechanism is supposed to produce efficient prices. However, in reality we seldom find perfect markets, resulting in various kinds of market failures, such as externalities, public goods, dilemma of the commons, and monopolies. A near sacred belief in the organizing power of markets has brought the global ecology to the edge of. Ecological economics places the economy within the natural environment, thereby searching for solutions for the abovementioned market failures.

Another example: The assumed rationality behind peoples’ choices found many antagonists, such as Herbert Simon. As a sociologist and economist, he instead proposed a theory of ‘bounded rationality’. The economist Neva Goodwin contests that people make individual choices: as social beings, much of our behavior and choices are governed by our social environment. Ecological economics relates economic theory to social perspectives – coming to a theory of economics that is much more credible and in line with reality than the ‘rational choice’ perspective.

Ecological economics will, just as classical economics, not be able to predict the future. However, because it has a more realistic perspective, it will be better able to understand the current developments in the economy. Placing the economy in relation to social and ecological realities puts boundaries to the shapes the economy can take, especially its size. Ecological and social laws are taken into account within this economic paradigm. More importantly, it is better equipped for addressing the problems that the rational and market view have caused.

Recommended further reading:

Daly, H., & Farley, J. (2007). Ecological Economics. Principles and Applications. Dehli: Island Press.

Hawken, Paul. (1993) The ecology of commerce : a declaration of sustainability.

3 Reasons to Recycle Your Content

1. Increase Engagement – Everyone connects differently. One customer might prefer reading blogs while another lives for Twitter.  Reusing your content helps you connect to people where they are and increases the chances that they’ll see the information and take interest.
2. Improve SEO - Search engines love new content and continually scan your website for updates.  Repurposing content lets you increase your web pages as information flows from an e-book to a landing page to a blog post. It also gives you the ability to send keyword rich links back to your site as you publish the content to different platforms.
3. Reduce Clutter – Nobody likes waste.  Don’t churn out useless or uninteresting information. Invest the time and resources to develop several solid pieces of content and recycle them.

3 Ways to Recycle Your Content

Businesses create content for many reasons (to inform, educate, engage, get leads, etc.). But, a single piece of content should never be just that. Ecological thinking applies to content too.

• Reposition a Presentation - After giving a presentation, write a blog post highlighting the key messages, and post the presentation on Slideshare.
• Recycle an e-Book – After you publish an e-book, break the chapters out into a series of blog posts and share them through social media.
• Repurpose a Press Release – After submitting a press release, write a blog summarizing the news and repurpose it once again in an e-newsletter.

Content can and should be repurposed, repositioned and reused.  Just remember to customize your recycled content for each audience. Let your content come full circle and take on a new life of its own.  

To see an example of recycled content in the making, check out the original post on our content marketing blog.

What does mind/body wellness have to do with environmental concern? What is the glue that holds the broad Lifestyles of Health and Sustainability umbrella together? What do the practices of yoga and meditation have to do with environmental awareness? Systems thinking shows the folly of disembodied mind, disconnected individuals and deracinated culture, while providing glue that cements together the disparate LOHAS threads. 

First off, what is, systems thinking? Systems thinking goes beyond linear thinking and a mechanical view of the world that does not recognize connecting linkages. Linear thinking reflects a simple cause/effect relationship, for example measuring the independent variable’s effect upon the dependent variable. A system is an ecology of relationships all interacting with unpredictable results. Systems thinking describes emergence; which means the collective properties of the whole are not found in the parts. There is no discrete cause and effect between two isolated variables. Everything is connected within the ecological system. Whole systems are driven by the logic that when you remove particular parts, the system falls apart and you lose explanatory power.

Recognition of three systems; the mind/body system, the self/society system and the culture/nature system shows how systems thinking forms the foundation of the Lohas philosophy. It reinforces the importance of yoga and meditation for harmonizing body and mind, the importance of social relationships in forming our individual identity and the importance of nature in the formation of culture.

Beyond the fact that nature is a prerequisite for our survival, humanity has spiritual needs to connect with the environment on a deeper level. Throughout history and throughout the world, we see the human urge to connect to something greater than themselves is universal. Rather than projecting our religious impulse skyward, now, we see the need to project that impulse to the world around us. Our connection to nature is not just a biological fact; it is a spiritual principal that colors the world with meaning. Life has meaning because we are connected to the world around us. The meaning lies in that connection and with the environmental peril we face, the meaning requires political engagement along with spiritual and social engagement because facing the environmental crisis will require policy change, policy choices and collective action on unprecedented levels. Facing this environmental crisis could provide an engine for spiritual renewal. Sustainability could become the new religion, a religion rooted in scientific fact and a religion formed in response to environmental challenges.

Three systems, body-mind system, the self-society system and the culture-nature system move our consciousness outward from our mind, to our self, to our community and finally to the natural system. This forward movement in consciousness will hopefully spur on evolutionary adaptation that will increase human nature’s capacity to deal with the growing environmental crisis. The LOHAS market is a tool for moving this evolutionary adaptation forward.

Earlier this year I attended the Urban Green Summit. This was an event that focused on the inner city citizens of Denver to promote better awareness of green and sustainable business opportunities. It was definitely a crowd that I wanted to connect with and peaked my curiosity to know if LOHAS aspects penetrate different cultures and economic circumstances. I was not disappointed. The event was developed by CURE-T’s Dr. H. Malcolm who received federal funding to promote green jobs and education in Colorado. Dr. Malcolm is a mover and a shaker and you can’t help but be magnetized to his presence and his message. He is always deflecting praise and bringing in others to highlight. This is a sign of a great leader in my book. He also echoed a concern that I have myself: Why is it that the urban communities of color always appear absent in green initiatives, conferences and activities? The LOHAS market tends to target the largely affluent caucasian market. But there is plenty of opportunity unseen and untouched in the minority dominant urban markets as well.

The summit had a star studded panel that included Phaedra Ellis-Lamkins, CEO of Green For All, environmentalist and author, John Francis III and founder of Green for All and current president of Rebuild a Dream, Van Jones. These heavy hitters were mixed with other local movers and shakers in the green movement. Unfortunately I was hoping that there would be more people in attendance at the event. I was told from an insider that having an event on a Saturday morning early is not so PC in the African American communities. There were indeed more people who were there as the day progressed.  I found it to be a very interesting event and demonstrated that green needs to be connected to the urban community by education and clear benefits. The best presentation for me came from Van Jones.

Here is what Van had to say to the urban based audience. See if it resonates with you:

“These days people are gathering in unusual groups. Not large groups but different ones. They are the ones who grew were the sensitive children. These are the ones that wanted to save the polar bears and save the world and were disturbed by the mistreatment of others. This tribe is just beginning to find each other. There are more people entering life who are sensitive. Something happening where humanity is being tested and if we don’t pass nothing will be left. Will humanity prove to be a blessing or a curse. This the first time technology and size make up a force of nature. The creator could have made us as robots he did not. We are something more interesting. We have free will, choice and decision making abilities. All other species are set in process.

Will we be locusts or honey bees? Both work hard but one is destructive and one is constructive. Locusts wipe out everything in its path. Destroy habitat until there is none at which point they die. Bees work is a blessing. It makes life of others possible. This movement is deeper than just solar panels and part of interest is the growing sense of peril. I cannot believe that only one race cares for the earth. The U.S. colonization was just as much about land as it was about labor. Land is sacred. We need to remember to view it as such instead of a commodity. We need to remember the difference between a tree and lumber, an animal vs. a pelt, a person vs. a slave. These sacred beliefs were considered paganism. Indigenous peoples of the world have this wisdom and are outcasts in modern society. They are called witches, druids, and pagans. It turns out they are quite wise. They are also known as the highest ecological wisdom. It is only now after 500 years of colonization that the children of the colonizers are coming around to honoring this wisdom.

Do we belong to the earth or does the earth belong to us? An economy that is run by fossil fuels equals trouble in the future. We run a civilization that runs on death. Coal is 40 million years old. Oil is 60 million years old. Both are made up of dead materials. We burn death in our cars and as electricity but are shocked when death shows up as asthma and global warming. We are much better when we have a living economy. One that runs on life such as the sun, wind and water.

So how do we get there? We need to change our ways. Change has 4 drivers. There are the mystics. They see the vision of what we are to become. Then there are the artists who popularize the vision. The entrepreneurs who create the technologies and then the politicians who create the rules.  The current culture is not ready for change. The Tea Party is a buzz saw. And yet the biosphere is so small that we need change. We are a soap bubble in the universe.  What can we do? The last economy had 3 mistakes: 1. Consumptions 2. Credit 3.Ecological destruction

Production has moved overseas and our economy was based on spending. Kill it, shrink wrap it, sell it, trash it was the method. The past 18 months has seen the most wacky weather and environmental changes. Mother earth is telling us something. We need to adopt a strategy of green growth, restoration and conservation. Create local consumption that respects the earth. If I had talked to you all in 08’ it would have been very different. You would have all been smiling. Obama will take care of us. Now everyone is looking gloomy. This was only 2 ½ years ago. Do you remember where you were when he was elected? When he was sworn into office? How you felt? We forgot how we got to that moment. Obama was not the author for hope. The movement for hope didn’t start with Obama it started in 03’. When Bush went to war you stood up. More people mobilized in the 1st week than Vietnam did in 6 years. We lost but we didn’t quit. In 06’ Kerry ran and was only 100K votes short of an Indiana win and lost but we didn’t quit. In 05’ Katrina hit as did the Huffington Post and YouTube. We had the 1st speaker of the house. Obama was out there as an unknown Senator selling a book and ran into the movement and found us. Don’t insult yourself. Obama inspired us but we inspired him first. Now it is time for the movement of hope and change. This can’t be about things we are against but things we are for. We need to be willing to connect people with work that needs to be done. Soldiers are coming home to nothing. Nation building needs to be done here too. There is a saying – bankers get rich in good times, the people go broke in bad times. We need to praise and support our public employees – teachers, fire fighters, nurses and police. Now rich people don’t pay tax and communities are abandoning them when they never have abandoned us.

You were born for a reason. You are sensitive for a reason. Depression is terrible. It clouds you so you can’t see the opportunity. They tried to kill hope in 68’ when Kennedy was assassinated. We are throwing away our efforts because FOX TV is mean. We have been through much more than the tea party. In 1906 no woman could vote, no paid holidays, no weekend, no child labor laws. People fought year after year until today. You fought when they had clubs and guns. We didn’t have social media and yet we mobilized. Are you going to be locusts or honey bees to make the next century ordinary or extraordinary and beautiful.”

Love to hear what you think of what Van Jones has said and if you feel LOHAS can be intergrated into urban markets is a better way.

Ted Ning is renowned for leading the annual LOHAS Forum, LOHAS.com and LOHAS Journal the past 9 years Ted Ning is widely regarded as the epicenter of all things LOHAS leading many to affectionately refer to him as ‘Mr. LOHAS’. He is a change agent, trend spotter and principal of the LOHAS Group, which advises large and small corporations on accessing and profiting from the +$300 billion lifestyles of health and sustainability marketplace.  The LOHAS Group is a strategy firm focusing on helping companies discover, create, nurture and develop their unique brand assets.  For more information on Ted visit  www.tedning.com

Written by Jean Houston

As I travel around the globe speaking and training, I have consistently found that most people ask me the same question, ‘how do I discover my purpose in life?’  In the past, who you became was determined by your family and circumstances. You didn't have much choice. But now there is an open moment in history where you have the chance to tap into the soul of your purpose. 
 Millions of people right now are experiencing a yearning and desire to awaken to their unique gifts and offer them in service to the world—while living a life of joy and fulfillment. It's a surging of the human spirit, a virtual global awakening, at a scale that no one has ever seen before. Simply put, people are longing to finally feel fully alive and to fulfill their unique purpose in life.
So then why is living a life of meaning and purpose so difficult? It is because our current social systems have not been set up to prepare us to live a life of true purpose. That's because today's culture exists not to nurture our highest aspirations, but to ensure our basic survival.

Our educational system is designed to create good workers who will slot into jobs and careers later in life—not to empower fiery, creative people who are forging the path ahead together.

Our social contracts exist to perpetuate the status quo—not to encourage our highest potentials to blossom. Is it any wonder why so many people's best attempts to evolve themselves and our culture fall short of the goal? We simply haven't been trained in how to bring the possible future into the present.

It's not that they don't have the talent or interest to live purposeful, meaningful life. The issue is far simpler. People struggle to activate their "purpose code" because they haven't woken up to--or are only partially awake to--our situation as a human race. Most people hold on to old, limiting beliefs of themselves and our human story. Overwhelmed by all the changes in the world around them, most people live their lives within a "small story," and therefore confine themselves to a "small self." That's why so many people feel that they don't have a purpose, or that they aren't able to actually *live* the life they were born to live.

     There is a saying that “What the caterpillar calls the end of the world, the master calls a butterfly.” I believe that it is butterfly time.  Just as the guidance cells in the mush that is the caterpillar in its cocoon suddenly begin to activate the transformation of mush into butterfly, so too this is the time when we realize that the guidance or imaginal cells of our bodies, our communities, and, yes, even of the cells of our planet are calling us to come together in all our parts to form something gorgeous, interdependent, living lightly on the Earth, cross pollinating cultures, ideas, spiritual forms, glowing with the light that suffuses us, becoming transparent  to transcendence.  And to rise out of the mush we have been caught in these many hundreds of years and to take flight in the air of the new story which is emerging in our time. 

 For the fields we traverse, the many flowers of mind states and soul knowings we now enter are those that belong to the whole, earth, to many cultures, to what I am calling PanGaia. And as the butterfly pollinates and cross pollinates from place to place, flower to flower, so do we also if we have the will and the willingness to discover our purpose and  be part of this extraordinary moment in time.

Three Keys to Empowering New Beliefs

 The first key to activating your life's purpose is to hold new beliefs about yourself and about your role in the Great Story of where humanity is headed.

       Living a great life, requires that you understand the challenges and opportunities of our moment in history. To understand this for myself, I've gathered information from my work in over 100 countries and 40 different cultures and what I've discovered has served as a sure guide on my path. Specifically, I have found five great shifts in our understanding of the story of our time that are affecting everything we do today.  I believe that awakening to the power of these shifts will help you cultivate your sense of compassion and of the infinite possibilities of this moment.

The five shifts are:
• Our understanding of who and what we are and what we need to become in order to be able to deal with the complexity of our time is evolving.

• Human societies are in the process of re-patterning. Social constructs are dissolving and whole new stories are trying to emerge, such as the rise of women to a full partnership with men across the globe, and many others.

• How we conduct business and governance is shifting in the midst of vast ecological and financial changes.  This is perhaps the most important social event of the last five thousand years, because these issues  impact almost everything in our lives.

• The rise and fusion of different cultures--we are swiftly moving towards a planetary civilization that accentuates the uniqueness of each culture while blending them together. Think of the great fusions of food and of music and of beliefs.

• Whole new orders of spirituality are emerging that are not about religion. The new cosmologies are giving us a view of ourselves that we never had before. For the first time ever, we find that we don't just live in the universe, but that the universe lives in us.
      

This journey begins by letting go of old beliefs and patterns to make room for the new beliefs and capacities that will empower you to awaken to and live your higher purpose.

 The Second key allows you to discover and realize the vast field of inner intelligences—using multiple means of knowing and being in order to gain insight into life at a level to which that most people rarely have access.  These skills are to be found on four levels of your human capacity, sensory-physical, psychological-emotional, mythic-symbolic, and unitive-spiritual. As you learn how to utilize the extraordinary capacities to be found at each of these levels you literally move into new ways of being.  For example, you will learn how to play with time in such a way as to take five minutes and experience it internally as hours—these are "hours" you can use to develop a skill or move a project forward.

You will learn to access "inner experts", willing helpers or personas that will help you navigate the complexity of life with elegance and confidence.
 
The third key gives you the means to break free from unconscious, habitual ways of reacting to life that were born thousands of years ago, and embrace higher ways of being for a new era.You will discover ways to move through life with ebullience in your bones and an appetite for celebration—seeing everything as an expression of the Creator. You will move through life, motivated not by guilt or obligation, but by gratitude and an abiding zest for doing the things that are called forth by living out of your higher purpose.

Dr. Jean Houston is presenting a FREE 75 minute downloadable audio seminar entitled 3 Keys to Discovering and Living Your True Purpose Available Now at www.DestinyandYou.com .

Dr. Jean Houston is a Scholar, Philosopher and one of the foremost visionary thinkers and doers of our time. She is considered one of the principal founders of the Human Potential Movement. A powerful and dynamic speaker she has served as consultant to several agencies of United Nations including UNICEF and the UNDP. She has worked in over 100 countries training leadership at every level to enhance skills and purpose so as to bring a new mind to bear upon challenging issues. A prolific writer and author of 26 books including A Passion for the Possible and The Mythic Life, Dr. Houston has recently joined the faculty of Evolving Wisdom, today's fastest growing global e-learning company specializing in transformative education, to provide her wisdom online in a cutting edge format.
www.DestinyandYou.com

Ted Ning is renowned for leading the annual LOHAS Forum, LOHAS.com and LOHAS Journal the past 9 years Ted Ning is widely regarded as the epicenter of all things LOHAS leading many to affectionately refer to him as ‘Mr. LOHAS’. He is a change agent, trend spotter and principal of the LOHAS Group, which advises large and small corporations on accessing and profiting from the +$300 billion lifestyles of health and sustainability marketplace.  The LOHAS Group is a strategy firm focusing on helping companies discover, create, nurture and develop their unique brand assets.  For more information on Ted visit  www.tedning.com

Here it is mid August and already I have to start working on my conference attending schedule for the fall of 2011. It seems like I have to do this earlier and earlier each year primarily because there are so many LOHAS oriented conferences being added or are catching my attention that I did not know of before. I have done a post on what events I think are important the past 2 years and here is my 3rd installment of top green/health and wellness/social enterprise/sustainability/leadership conferences worth considering as you plan your conference schedule for the fall.

For those new to the conference scene, there are two seasons – fall and spring. There are associations and organization that provide 1 or 2 events a year usually during those months. This is primarily because summer is a time when many set up personal vacation time and winter has more holiday time and weather issues.

Conference strategy
In determining which event is best for you take a look at the speakers and topics that will be presented. It is also important to look at the sponsors and how the event is presented via the event website. This will give you a feel on the type of companies that will be attending the event and what type of audience the event is trying to attract. By viewing the agenda content you can get an idea on how in depth they plan on going on topics. Also look at the networking opportunities that are in the program. Some events consciously embed them in the program via receptions, meals and outings and others do not. It is really up to you to make the best of the time for your own networking purposes.

On site
I find attending events to be incredibly stimulating. However I also find them to be extremely exhausting. Make sure you eat right, drink plenty of fluids, keep to a good sleep schedule and maintain a steady energy balance. For the large trade shows make sure you wear comfortable and supportive shoes for those hours on the exhibit floor. There are plenty of after party events to attend at which you can have some great business talks. It is up to you to make sure you know what formula works best for you. Set up meetings in advance if you can. That way you have some anchors to build the rest of the day's plan around and not get too lost in the shuffle of things - especially if they are large trade shows.


Leadership
Women in Green - August 30-31st Santa Monica CA
Focuses on women in leadership positions that promote green business. Although all the speakers are women you don’t need to be of the double X chromosome to attend. This is the second year of the event and according to people who attended last year it was about 200 people. This year there should be more.

Conscious Capitalism - OCT 12-14 Austin TX
You need an invite to attend this prestigious event that brings many CEO’s together to discuss conscious leadership within organizations. It is a relatively small event with around 200 attending. John Mackey of Whole Foods co-founded this and has people ranging from the CEO of the Container Store to Jean Houston speaking on how business can drive conscious change.

Green
Green Initiatives Conference Sept 29-30th Ft Lauderdale FL
A new event on my radar that has some interesting presenters and sponsors. The event team that is putting this on look like they have a tech background and may be one of the main focuses of the event. There are larger corporations participating such as DOW, HP and Coca Cola. It looks like they will focus on sustainability within larger companies and case studies from experiences.

SXSW Eco Oct 4-6 Austin, TX
SXSW music festival looks to sing a new green tune this year with the addition of a green event. Former LOHAS speakers who will be presenting include Simran Sethi and Philippe Cousteau. This is thier first year and the B2B event looks interesting. A great idea tagging it onto SXSW.

Opportunity Green Nov 9-10 Los Angeles, CA
OG is in its 3rd year and brings together green business and sustainable design in LA. They have about 800 attendees from all walks of life – corporate, entrepreneurs, media and of course Hollywood. They hold a great green design competition and it is a high energy event with interesting sessions and booths ranging from LED lighting for studios to BMW to water filters.

BSR - Nov 1-4 San Francisco, CA
The big one for the larger corporations that has been around a long time focusing on the corporate responsibility of multi-national corporations. Last year they had over 1000 in attendance. If you are looking to connect with the bigger companies on CSR initiatives this is the one to check out.

Funding and Finance
SOCAP Sept 7-9 Fort Mason, San Francisco CA
A vibrant event focusing on investing into social entrepreneurship. This event brings together large funds and banks with social entrepreneurs. Competitions on business plans are submitted ahead of time for a competition for funding and there is great education on raising capital for the startup and social enterprises.

SRI in the Rockies OCT 2-5 New Orleans, LA
A flagship event for social responsible investing(SRI) that brings SRI funds together with financial advisors. They also bring in a mix of speakers who focus on humanitarian, social and environmental impacts such as Jane Goodall, David Bornstein, Hunter Lovins and Bill McDonough. If you want insights on SRI and where it is headed this is THE event to attend.

Slow Money OCT 12-14 San Francisco, CA
Slow Money is a network of food activists, investors and entrepreneurs who nurture a range of conversations in order to actively develop funding and investment channels for local and sustainable food enterprises. Like Slow Food, they have local gatherings and a larger main event promoting a slow and steady investment into businesses who are seeking an alternative to the conventional Wall Street type investor.  Speakers include David Suzuki, David Orr and Vananda Shiva.

Investor's Circle OCT 26-27 Philadelphia, PA
A membership organization that  support a great entrepreneurs that are addressing social and environmental issues. They look at 10-15 high impact deals that are seeking investment.  They also provide a due diligence process that starts once the event is complete. It is about 200 people in attendance who are angel investors, fund managers, family office managers, foundation executives and trustees, wealth, financial and philanthropic advisers and their clients and other accredited investors.

Industry Specific
EcoTourism and Sustainable Tourism Conference Sept 19-21st Hilton Head SC
With over 30 inspiring sessions, 50 leading industry partners, and impactful and engaging keynote presentations, the ESTC 2011 (Hilton Head Island, SC, USA, September 19-21, 2011) sets the platform for ongoing dialogue promoting innovative ideas and practical solutions, driving change in global tourism.

Expo East Sept 22-24 Baltimore MD
Attended by as many as 25,000 industry professionals and featuring thousands of exhibits, Natural Products Expo East is the largest natural, organic, and healthy products trade show on the East Coast. With the newest and best-selling products and branded ingredients available this show features the best in organic at All Things Organic/Organic Products Expo-BioFach America, offers an extensive retailer training program and provides an advocacy platform through a strategic partnership with Natural Products Association East. Natural Products Expo East is ranked as one of the top 200 tradeshows in the US.

Greenbuild Oct 4-7 Toronto Canada
Greenbuild is the green building industry's can't miss event. It's where we go to learn about what's new in green building practices through the extensive educational sessions, see the latest technology and innovation in the exhibit hall, and perhaps more importantly, where we go to do business.  Greenbuild is a one-stop shop for credential maintenance. From pre- or post-show LEED workshops to sector-specific summits, from green building tours to concurrent educational sessions, you will find the education you need at Greenbuild. Most sessions at Greenbuild will be approved for continuing education credits for LEED and other professional credentials, allowing you to maintain your credential with ease.

Beauty/Wellness
Natural Beauty Summit Oct 6-7 NYC
This is a smaller and formal event for the natural and organic beauty industry that brings together the mission driven companies such as Dr. Bronners and Weleda with the larger corporations such as Este Lauder, L’Oreal and Avon. It is more of a lecture format and a lot of presentation intake. If you are a data hound you will get your fill. If you are a networker you will need to work for it but there are good connections to be made. The group is a bit insular if you are an outsider but if you are seeking to enter the luxury skincare market it may be worth considering.

Green Spa Network - Oct 9-12 Sundance, UT
This event is made up of a group of spa resorts and products that want to go the extra mile in promoting green efforts in the spa industry. The event has about 100 passionate people who want to move the spa world in the direction of holistic and sustainable integration. They are a very open and friendly group that welcomes newcomers (and new members). Plus the events are always at pristine green resorts.

ISPA - Nov 7-9 Las Vegas
If you are in the spa industry you have to go where everyone goes which is the International Spa Association Conference. Every other year they have their annual event in Las Vegas which brings investors, products and service providers, spa techs and directors together. This is THE most well groomed event I have ever experienced with exhibitors providing facials, teeth whitening and massages. There is good data provided on the spa world and great sessions specific to spa owners and employees. ISPA provides great data on the spa market as well. 

Social Venture Network Oct 27-30 Philadelphia, PA
SVN is a membership organization of successful social entrepreneurs ranging from Ben Cohen and Jerry Greenfield, creators of Ben & Jerry’s, to Van Jones, former Green Czar to Obama, to Tom Szaky founder of Terracycle. It mixes sustainability with community building and innovation and a ton of passion. You can’t leave this event without 2-3 bonding hugs. It is a great place to seek mentorship, collect ideas and also potential funding from successful entrepreneurs and community leaders who are interested in helping others. This overlaps with the Investor’s Circle previously mentioned.

Net Impact Oct 27-29 Portland, OR
Net Impact is a large event that brings 2500 students and corporations together. They have chapters associated with Universities all over the country with a large membership and the event focuses on social enterprise, green business strategies, and nonprofit work.

Public Events
Yoga Journal Conference Sept 18-25 Estes Park, CO
For yoga die hards and trainers interested in the business of yoga or just to improve their own yoga practice. Famous yoga instructors such as Rodney Yee, Sean Corn and Shiva Rae have taught classes here. There is a vendor area as well.

Greenfestivals
Greenfests are the creations of Green America and a designed to celebrate green and diversity in various regions. Their flagship event in San Fran pulls in 30,000 attendees and they have some amazing keynote speakers such as Dr. Weil, Deepak Chopra, Amy Goodman, Jim Hightower and many more. Companies large and small mingle together with the public selling their products and services. I think these are great not only to see what is being sold but to see who is buying and the similarities and differences each region has as it relates to green. There is always a colorful audience at Greenfestivals.
New York  10/1-2
Los Angeles  10/29-30
San Francisco 11/12-13

Bioneers San Rafael, CA 10/14-16
Bioneers is where ecology meets activism meets celebration. I could spend hours in the parking lot just reading all the bumper stickers on people’s cars (mostly hybrids). If you are into fighting injustices of the underserved, hearing the wisdom of traditional cultures and the stories of animals and unique journeys of people this is an event for you. There are workshops on business, youth, art, peace and more.  It draws about 3-5,000 who are all there because of the larger mission Bioneers embodies. Networking is great but you will need to be selective on who you connect with since there are so many types of people there.

Of course these are just a few of the many events out there of interest to me. There are many others that are international that I did not include. If there are any other events you see I am missing please feel free to comment and add.

Ted Ning is renowned for leading the annual LOHAS Forum, LOHAS.com and LOHAS Journal the past 9 years Ted Ning is widely regarded as the epicenter of all things LOHAS leading many to affectionately refer to him as ‘Mr. LOHAS’. He is a change agent, trend spotter and principal of the LOHAS Group, which advises large and small corporations on accessing and profiting from the +$300 billion lifestyles of health and sustainability marketplace.  The LOHAS Group is a strategy firm focusing on helping companies discover, create, nurture and develop their unique brand assets.  For more information on Ted visit  www.tedning.com

I used to play Sim City when I was a kid, and I always named my city "Utopia." So a talk entitled "Futuretopia" really got my idealistic jazz on. Man, I was excited.  I imagined it painting a vision of the future of a harmonious union of sustainability, sufficiency, spirituality, beauty, and appropriate use of advanced technologies that could inspire humanity to get far beyond the current fu*k-everything-but-me paradigm and into an interconnected matrix of sustainable winning.

And I left feeling like..."Dammit, humans, can't we do a little better?"

I guess what it comes down to is, the talk was a lot more...practical, than I was hoping for. I honestly can't fault it for that. It's not the speaker's fault that I was on my idealistic high horse to start with.

A few highlights:

• Blinds that can store solar energy, solar batteries, improved microwaves
• Design for disassembly. Why don't we just pull the motherboard out and put a new one in?  Why are computers "disposable"?
• Design for up-cycling.  Design it so that when it's done, it can be used for something else. A cruise ship that becomes a home or hotel built into the side of a hill.  (Now, that's a bit more like what I'm talking about.)
• Stop rewarding consumption
• Mandate strict building codes
• Tax energy use on a sliding scale
• Are you yawning yet? 

elephant journal is proud to be the official new media partner with LOHAS Forum. Click here for our ongoing LOHAS coverage, and be sure to follow our live coverage on Twitter. [Our editor Waylon Lewis is honored to serve on two panels during this event.]

[youtube]http://www.youtube.com/watch?v=lDkT3fPRn3U[/youtube]

elephant journal:  Tell me about your experience with LOHAS.

Marc Barasch:  I’ve been around since almost the beginning.  New age business had been bifurcated, and suddenly people were beginning to figure out how to put their spiritual ideas into business.  It started with good ol’ tofu companies, small granola businesses just beginning to advertise and act like real businesses.

elej: How have you seen it change over the years?

MB: It’s been a mixed blessing. You lose some of the authenticity of the core intent as companies sell to larger conglomerates.  It’s wonderful thatit propagates the meme and distributes the products at a scale that a small company never could have done.  There are tremendous benefits to that.  But from my somewhat outside observation, you also lose some of the integrity. For example, if you look at Ben and Jerry’s, when they were acquired by Unilever, I believe they intended to keep a very progressive business model, including a fixed ratio of how much top executives were paid. However, that model was not kept.

So the LOHAS community needs to ask:  how can LOHAS not replicate some of the disparities and discontinuities of the prevailing system that are collectively driving us off a cliff?  I think it’s time for companies to not just look at the sustainability and humanity of their organizational development, not just as a CSR add-on or a laudable afterthought, but something that’s included in the raison d’être of the company itself?  I think that’s the question that we need to be asking. What does the company do?  What is the product?  How can we ensure that it’s not increasing consumerism?

How does this push forward a new emergent model, without pushing forward the parameters of a dysfunctional system?  How does it value and push forward what needs to be done in the world?  And quickly?  We need to step out of the matrix and look at this from some zero point and reverse engineer it.  What does the world need, and how do these entities—businesses and corporations—directly serve that need?

In an era where money is de-realized into nothing but bits and bites, a fictive system based on number magic, the priests of the numerate have always worked abstract magic on the masses, and become the elite through magical hand gestures—in this case, tapping on keyboards.

I’m very personally interested in complementary currencies.  Look at Switzerland, for example.  One reason that they’ve been so stable economically is not just because they are neutral, but because they have some very sophisticated complementary currencies to meet social needs, as well.

elej: What do you think we need now?

MB: I think it’s time for radical experimentation, we need hybrid or fusion companies, with nonprofits using the profit system and businesses founded with a social mission first, such as Patagonia.

How do we take on the really large social mission of true transformation, and not just nibble around the edges of real change?  I think that’s not just grandiosity.  It’s necessity.

How do we model as organizations that meet emergent civilization?

elej:  How are you modeling an organization that meets the emergent civilization?

MB: This might sound pretentious, but I really took a cue from something Thomas Keating once said, something to the effect of, “I get up every morning, and I decide what will do the most good.  This simplifies things tremendously.”

6 years ago, when Field Notes on the Compassionate Life came out, I thought, “If I’m talking about compassion, I need to enact it.”  So I stopped my entire career trajectory from that point forward, and asked how I could do the most good and accept whatever answer I was given.  I asked myself, "what does the universe want?" And I’ve followed that question pretty loyally for these last 5 years.

That lead to a lot of coincidences, that eventually led me to planting trees in Ethiopia, to start.  I started the Green World Campaign, and watched it grow into a mostly volunteer-driven organization that’s now operating in 5 countries (Kenya, Ethiopia, Mexico, Philippines, India).  We’ve planted close to 500,000 trees.  We’re involved in regenerating communities.  We’re restoring the economy and ecology of the world’s poorest places, doing work that serves people and planet.  In the model of agroforestry that humans and nature have been co-creating since the beginning.

The idea that our relationship to the natural world is to avoid keeping our own destructive hands off it, is inadequate, completely. We’re supposed to work in an integral way together. Renew communities as we renew the environment.

How do we take the holistic model that we all ascribe to philosophically and apply it in the real world, particularly at the bottom of the pyramid, with the people and places that our collective fate is inextricably entwined?  Collective enactment of the global village.

As a critique, we’re very good at created “enlightened, green-gated communities”.  But how does this affect the poorest of the poor?  Trickle down economics.  Everything is connected.  Everything should be seen as interactive parts of a whole.

Reforestation is a quantifiable healing strategy.  We are using interactive new media and new technologies.  It’s part of the DNA of GWC.  We have an alliance with Digital Globe, the largest satellite imaging company, to be able to show donors over time degraded areas turning green.

A tree is a deeply embedded meme in the human psyche.  We’re a tree-planting species.  We always have been.

We’re operating in many domains, whether it’s carbon credits for eco-stoves, creating social enterprises by sourcing commodities like herbs and teas, non-timber forest products, how to partner with indigenous communities in a way that empowers them and also introduces appropriate technology and new agronomic strategies that are harmonious with their traditional agricultural practices.

We are not only providing environmental education, but also working on linking that up with schools in the US, so kids can get a sense of the global village.  I’m big on creating positive feedback loops in a way that empowers global citizens. Doing good doesn’t have to be only through large corporations and large environmental groups.  How do we self-aggregate and do something that we can see that benefits all of us?

How do we all learn from each other?  I’m taking pains to pick and search partners that are mission-aligned and have a real global citizen mindset.  Some sort of understanding of the spiritual underpinnings of human existence, if you will. We’re not aiming to be USAID.  We want to work with the LOHAS community.  We’re propagating ideals in the context of the developing world that are really building global community that includes the poorest of the poor.

Our model is infinitely scalable.  With proper funding, we could scale this up almost immediately.

I call this work Green Compassion.  And the movie “I Am” also relates to this.

elej: Tell me about I Am.

MB: I got a call from Tom Shadyac, who wanted to make a film about the book.  A large part of the film is based on the book.  Here’s a guy who had earned about $2.1B dollars gross for the studios thru his Jim Carey and Eddie Murphy movies.  As much as possible, I want Green World Campaign to be congruent with the ideals presented in the movie and the book. Everything I do is informed by my own healing work and experience, and my background in Buddhism.  It all stems out from that.

Interviewer's note:  And that's what it's all about.

It’s never to early to teach kids to be green. From the moment they are born, kids impact the world, and the sooner they learn to be conscientious of the environment, the better. Learning about protecting the world can be fun, and these books make becoming eco-friendly a fun experience for kids.

1. 50 Simple Things Kids Can Do to Save the Earth: Check out this book that tells kids the many ways they can contribute to saving the Earth.
2. The Giving Tree: Shel Silverstein’s book teaches kids about the relationship between kids and the forest.
3. My Bag and Me!: My Bag and Me! can teach your child to be eco-friendly by using reusable bags.
4. A Drop Around the World: Kids can follow a drop of water around the world in this book.
5. The Great Kapok Tree: In The Great Kapok Tree, a man changes his mind about chopping down a large tree in the Amazon when he hears the pleas of the animals.
6. George Saves the World by Lunchtime: George saves the world with simple everyday actions in this book.
7. The Tree in the Ancient Forest: In this book, Carol Reed-Jones writes about the web of plants and animals in the world.
8. Earth-Friendly Crafts for Kids: Here you’ll find 50 awesome recycled crafts projects.
9. The Forever Forest: Kids save a tropical treasure in The Forever Forest.
10. Charlotte’s Web: Charlotte’s Web teaches animal appreciation, life cycles, and ecosystems.
11. Green Wise Kids: Jean Clausen’s book teaches kids about doing simple things to improve the environment, sharing age appropriate activities.
12. The Empty Lot: This book’s hero sells off an empty lot, but after consideration, learns about all of the natural elements that make the lot more valuable than he thought.
13. My Favorite Tree: Kids can choose their favorite North American tree in My Favorite Tree.
14. One Well: One Well tells the story of water on Earth.
15. The Lorax: The Lorax offers kids an ecological warning about the disregard for the Earth’s environment.
16. We Are Extremely Very Good Recyclers: These kids recycle their toys instead of throwing them away, and they even get their classmates involved.
17. Herb the Vegetarian Dragon: In this book, kids will read about eating vegetarian through Herb, the vegetarian dragon.
18. Oil Spill!: Kids can learn about the ecological damage of oil spills in this book.
19. Earth Book for Kids: Earth Book for Kids has activities to help heal the environment.
20. Wonderful Nature, Wonderful You: Wonderful Nature, Wonderful You tells the lessons of nature and the animal kingdom.
21. What’s It Like Living Green?: Kids teach kids how to live green in this book.
22. The Adventures of a Plastic Bottle: This plastic bottle helps kids learn about recycling from a new perspective.
23. Recycled Crafts Box: Kids can make crafts out of recycled materials using this book.
24. The City of Ember: In The City of Ember, the heroes of the book live in a world run on hydro power.
25. Giggles the Green Bean: Giggles the Green Bean learns environmentally friendly lessons and transforms his stinky town to green in this book.
26. The Curious Garden: The Curious Garden tells a story of a little boy who becomes a city gardener in an urban, factory town.
27. Dear Children of the Earth: Mother Earth writes to children to get their help in this book.
28. World Beneath Our Feet: Kids can read about the world that exists in the soil in World Beneath Our Feet.
29. The Berenstain Bears Don’t Pollute (Anymore): This family of bears learns about why we need to mend our polluting and wasteful ways.
30. Why Are the Ice Caps Melting?: Kids can read about the dangers of global warming in Why Are the Ice Caps Melting?

This list was provided by Onlineclasses.org. For more info on ways to educate kids on the environment using online tools check out their website. If you have other books you think are missing please let us know and we can add them to the list.

Ted Ning is renowned for leading the annual LOHAS Forum, LOHAS.com and LOHAS Journal the past 9 years Ted Ning is widely regarded as the epicenter of all things LOHAS leading many to affectionately refer to him as ‘Mr. LOHAS’. He is a change agent, trend spotter and principal of the LOHAS Group, which advises large and small corporations on accessing and profiting from the +$300 billion lifestyles of health and sustainability marketplace.  The LOHAS Group is a strategy firm focusing on helping companies discover, create, nurture and develop their unique brand assets.  For more information on Ted visit  www.tedning.com