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Right Is Might: Social Justice and Corporate Profits

Promod Sharma
Promod Sharma

[UPDATE (Jun 10, 2014): Now includes a studio recording of the presentation] Does doing what's right boost corporate profits? If not, how can corporations be encouraged to behave in ways which are good for them and society? This presentation from the first-ever The Global Change Initiative (http://globalchange.ca) explores these questions and proposes ways for a win/win. Examples include Sarah Kavanaugh (Gatorade/Powerade), Rana Plaza, the Fairphone and Project Ara. The summit took place at Toronto City Hall from May 30 - Jun 1, 2014 in the same Council Chambers used by Mayor Rob Ford. This is the full slide deck used by actuary Promod Sharma.

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Right Is Might SOCIAL JUSTICE AND CORPORATE PROFITS Promod Sharma | FSA, FCIA Insurance Actuary | @riscario May 31, 2014
84% Business Self-interest doing good work for society
Right = $$$
The work of science is to substitute facts for appearances and demonstrations for impressions. John Ruskin verifiable truths displays of proof
Right Is Might: Social Justice and Corporate Profits
The work of science is to substitute facts for appearances and demonstrations for impressions. John Ruskin
The work of science is to substitute facts for appearances and demonstrations for impressions. John Ruskin
Right = ?
Right Is Might: Social Justice and Corporate Profits
Doing Whats Right PAST: demonstrations FUTURE: appearances
Blaise Pascal (16231662) Pascals Wager probability theory decision theory
Do Right And Matters Do Right But Doesnt Matter Do Wrong And Matters Do Wrong But Doesnt Matter $ Bank -rupt $ $$$ $$$
Do Right But Doesnt Matter insurance
Do Right And Matters insurance
Do Wrong But Doesnt Matter Do Wrong And Matters
Do Right And Matters Do Right But Doesnt Matter Do Wrong And Matters Do Wrong But Doesnt Matter $ $$$ $$$ insuranceinsurance
Right Is Might: Social Justice and Corporate Profits
206,650 Gatorade: Dont put flame retardant chemicals in sports drinks!
1,129 + 2,515 Rana Plaza, Bangladesh April 24, 2013
none of the companies involved are suppliers to Benetton Group or any of its brands (@benetton, Apr 24, 2013) DENIAL attendance sheet label
REACTIVE
$17M $40M Compensation Fund REACTIVE
LEAD
Right Is Might: Social Justice and Corporate Profits
Pretend you can read this
Right Is Might: Social Justice and Corporate Profits
Right Is Might: Social Justice and Corporate Profits
putting social values 韓庄姻壊岳.
11,536
Project Ara
Right Is Might: Social Justice and Corporate Profits
Right Is Might: Social Justice and Corporate Profits
Right Is Might: Social Justice and Corporate Profits
59,374 Powerade: If Gatorade can take crazy chemical BVO out of sports drinks, so can you
The Most Credible Spokespeople Edelman Trust Barometer 2014 Executive Summary Most trusted sources
Right Is Might: Social Justice and Corporate Profits
Do Right And Matters Do Right But Doesnt Matter Do Wrong And Matters Do Wrong But Doesnt Matter $ $$$ $$$ insuranceinsurance
Right Is Might: Social Justice and Corporate Profits
Promod Sharma | @riscario

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Right Is Might: Social Justice and Corporate Profits