Posts Tagged ‘ethical business’

Consuming

Friday, June 12th, 2009

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It’s often said that with every purchase you make, you are casting a vote.  And depending on what you are purchasing, your vote supports different ways of business and different causes.  That is why it is important to know what you are buying, what goes into the product you are buying, and what had to be done to produce that item.  By casting aside products that are environmentally destructive, or violate the human rights of its laborers, or are made from irresponsible businesses, you can do your part to support a sustainable world.

Now what does that mean?  Surely we can’t consume our way out of all the world’s problems?  No matter how much certified organic free trade coffee we consume, labor violations and inequality will continue.  No matter how much non-toxic clothing we buy, or free-range chicken we eat, or home gardens we plant… larger environmental problems will still loom on the horizon.  So, are all our efforts at greening our daily lives a waste of time?  Of course not.  Consuming in a more responsible way won’t save the world by itself, but it does make a difference. 

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And how do we know it makes a difference?  When large amounts of people cast their vote for greener products, industries and businesses notice, and thus change their behavior.  That’s why we see every business, from electronics, to food, to clothing, to cars, tryint to OUT-GREEN each other.  When coffee shops use fair trade coffee, and boast about how their stores are energy efficient, we know that our choices are making a positive impact.  When Wal-Mart, once the favorite punching-bag of all socially-conscious consumer, decides to make significant strides in greening its operations, that’s how we know our choices matter.  Heck, even oil companies are running competing advertisements, bragging about how much money they invest in solar panels each year.  That’s how we know that when enough consumers demand change, their calls don’t fall on deaf ears.  That’s why farmers markets are springing up across the country, San Francisco is introducing mandatory composting, Warner Home Video is making their DVD boxes with 20% less plastic, and numerous townships across the country are banning the use of plastic bags. 

So, of course it might not seem like our consumer choices matter.  After all, what can one person really do?  Well, that’s the point.  It might not seem like you can make a lot of change on your own.  But when people make conscious choices about the products they use and buy, it really does make a difference.  Businesses feel the pressure and clean up their acts.  And when a company the size of Wal-Mart (the world’s largest) decides to reduce the amount of packaging it uses, make its stores more energy-efficient, invest in renewable technology, and other responsible initiatives, it makes a HUGE impact.  And others will follow suit. 

And getting back to making responsible choices as a consumer.  A website called Greener Choices  (greenerchoices.org) has a directory of responsible choices you should make when you are purchasing items, as well as a wealth of information on what to look for in products.  For example, when buying a new cell phone, it’s good to know that all new models of Sony Ericsson and Nokia are made without certain toxins…a greener choice.  Or how to shop for healthy and eco-friendly beef.  Or what labels that claim to be green really mean.  These choices are ones that we make everyday, and though they might seem like an afterthought, they do have effects on our lives and our world.fairtradecoffee_1231_18485955_0_0_6000486_300

Students Fighting Poverty

Thursday, June 11th, 2009

It’s never too early to become a social entrepreneur.  That’s the lesson coming from Nourish International and its members of college entrepreneurs.  Nourish International is an organization of college students who start “ventures” to raise money for economic development projects in impoverished areas across the world.  In other words, a group of college students organize mini-businesses either on campus or in local areas, and use all the proceeds to finance community development projects in poor villages abroad.  The students who conduct the “ventures” on campus, then go to those countries, and personally participate in the implementation of the development project. 

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Originally setup at the University of Chapel Hill, North Carolina, Nourish International is an official 501(c)3 certified non-profit.  It now has 23 branches across the US, at different college campuses.  According to their website, last summer they sent 34 students to engage in projects in Peru, Honduras, Mexico, Brazil, and Uganda. There objective is to eradicate poverty, one project at a time.  They realize that the answer to fighting poverty is not charity work, not donations, i.e. not throwing money at the problem.  Nourish International believes in empowering people to lift themselves out of poverty.  What does that mean?  That means that poor people can not escape poverty without the essentials…clean water, sanitation, health, shelter, food.  Simply handing out clean water, food, and donated money will only solve the problem for a single day.  But, by working with locals to build a clean water system in Peru, for example, capable of providing water to a town of over 5,000 people, Nourish International helps the locals build and improve their own communities, and improve their own quality of life.  Provided with the essentials to live a decent and dignified life, these people can use their energy to focus on things, other than simply staying alive for another day.  Sort of like the old adage, teaching a man to fish…

The beauty of this non-profit organization is that it was started by business/economics students.  Sindhura Citineni was a business student who wanted to use the virtues of entrepreneurism and business planning to help attack some of the world’s first problems.  Her first project in 2003 was a simple one: she organized a “Hunger Lunch,” selling rice, beans, and cornbread on campus for 3 bucks.  She used all the profits her first project – a nutrition project in Hyderbad, India. 

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Years later, Nourish International has developed a successful plan to keep these projects funded.  They havea a 6-step approach to their operations. 

1) Recruitment – adding members on college campuses to join the organization and spread awareness. 

2) Ventures - this is the key part.  They are small businesses run by students themselves, turning a profit.  Examples include the “Hunger Lunch.” Or, Global Music Jam - Nourish International partners with local radio stations and dance clubs to put on a globally-themed dance party. Another would be a charity poker tournament.  Since 2003, they have raised over $100,000. 

3) Applications – communities with needs apply for funding and student volunteers. 

4) Selection – the students themselves select the best projects to pursue, based on long-term sustainability, level of impact, and feasability. 

5) Implementation – students themselves travel to the area of need (in one of the previously mentioned countries) and personally see the project through to its completion. 

6) Following-up – last but not least Nourish International keeps tabs on the success (or failure) of its project and its long-term impact. 

Nourish International is making real-world improvements to the quality of life of thousands of people.  By helping some of the most impoverished areas satisfy their essential needs, they are giving them a glimmer of hope for the future.  And equally as important, it provides real-world experience for Nourish students, hopefully leading them to a lifetime of helping others.  Up until 2008, they have invested a little over $100,000.  However, in 2008 and 2009 they hope to add 30 chapters and invest an additional $200,000 to projects worldwide.  Nourish International continues to grow and continues to get a social return on its investments. 

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Finding Business in Cleaning up Business

Tuesday, June 2nd, 2009

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“A crisis is a terrible thing to waste.”  This is a phrase often quoted during crisis situations, most recently and notably quoted by President Obama’s Chief of Staff, Rahm Emanuel.  Thus, the Obama administration has made huge investments in areas of healthcare, energy, and education, in an effort to change the way the US economy is structured.  He has used the crisis to frame his investments as a way to stimulate the economy.  Absent a crisis, President Obama might not have received the cooperation of so many people to make those investments.

The economic crisis is showing signs of abating, but the specter of a climate crisis gets worse each passing day.  Developed nations have been using tons of energy for years to feed their economies.  Developing economies need to meet rising energy needs too, often using dirty coal to do so.    The melting of the ice caps, rising sea levels, longer droughts, larger floods, and more violent storms…these are just some of the huge effects of climate change.  The international community has so far not taken any limits on pollution seriously.  But, the US and other governments finally seemed poised to take action. 

The US Congress will probably pass climate legislation this year, forcing companies to reduce their environmental impact.  Chances are that the Congress will choose to pass a cap-and-trade bill, meaning there will be a certain amount of ‘units’ of pollution that companies will be allowed to emit, and if they want to pollute more, they will have to buy ‘units’ of pollution from another company that doesn’t need to use their ‘units’ of pollution.  The idea is that companies will, on their own, reduce their pollution because of the possibility to sell their allowances for profit.  If a company really wants to pollute, they will have to pay for it. 

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Reading the tea leaves, the Hara company has taken a huge bet on the future.  If polluting becomes a cost that businesses have to take into account, they will have to manage pollution like any other cost.  In short, their accounting will include the usual labor costs, investment costs, but also polluting costs.  They will have to accurately and easily track their pollution, and they made need help doing so.  This is where Hara steps in.  Hara is developing software that will allow companies to easily and quickly keep track of their pollution.  Hara software will be able to spot and identify carbon emissions, and show companies where they can reduce their pollution, and thus, save money. 

Hara has a long-term vision of environmental legislation and they see an economy that no longer ignores the cost of polluting.  Up until now, the environmental degradation was never taken into account when businesses figure out their year-end profits.  Hara wants that to change, to reflect the impact of business on the environment.  Afterall, the word “hara” means “green” in Sanskrit.  Here are a few excerpts from the article in The New York Times

“A post-carbon economy is arriving in this decade,” he said, “This creates an environmental record for your company.”  (Amit Chatterjee, Hara’s founder and owner).

Hara’s Web-based software tracks the resources used by the company, like electricity and water, and emissions like carbon and other waste.

The Coca-Cola Company has been using Hara’s software as part of a pilot project to track greenhouse gas emissions for its 1,000 facilities worldwide. It helps Coca-Cola keep track of projects that vary by country. In South Africa, for example, Coca-Cola is switching from heavy crude oil to natural gas. In the United States, where plants have not been using heavy oil, the company has been updating its lighting systems.

The coming climate crisis is going to have very serious consequences on our environment.  Our land, water, air, and food supply will all be affected.  Social entrepreneurs often take a look at some of the most serious problems our society faces, and try to apply business principles to solve these problems.  Hara knows that the climate crisis is serious.  They are using their software expertise to help all businesses reduce their climate impact.  If we are going to make progress slowing the effects of climate change, we will need companies like Hara to make the process easy and quick for the business community to do their part. 

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Green Communities

Thursday, May 28th, 2009

Greening your home is great.  By making sure you have proper insulation you can cut down on your energy bills, and cut your carbon emissions.  By harnessing natural light, you can use less energy too.  Low-energy lightbulbs, low-flow toilets, recycling, composting, and maybe even solar panels and you are getting close to a carbon neutral home.  But, the Clinton Climate Initiative and the US Green Building Council want to do one better.  Instead of planning and building green buildings one at a time, their joint venture wants to build carbon-neutral green communities. Working together, the USGBC and the Clinton Climate Initiative will support the renovation of 16 large-scale urban projects, across the world, over 6 continents.  They will use a variety of methods, like, super-insulation, ventilation systems, natural lighting, mass-transit, and high-density living. 

This a huge leap forward in terms of green building and “smart-growth” policies.  The joint venture hopes to use cutting edge technology and design, to provide large models on sustainable urban planning.  Check out the video below:  Clinton Foundation

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a market in Freiburg

Another fascinating bit of news:  Mark Mardell’s Europe Blog on the BBC reports on Freiburg, Germany.  A small city in Germany that is making huge strides in going green.  Cars are largely banned from the city center.  There are tons of sidewalks and pedestrian areas.  There are trams to help people get around.  The town hall, the football stadium, swimming pools, and the train station all have solar power.  Houses are required to use 1/3 less energy than the national requirement.  And on the political front, the Green Party is the majority party on the city council. 

Freiburg can boast about its 40% reduction in CO2 emissions and has been able to produce 10% of its energy requirements from renewable sources.  They have canals of water than run throughout the city with clean, fresh water.  It’s absolutely prohibited to pollute the canals with any sort of waste, and they have been around, supplying fresh water since the Middle Ages.

Elsewhere in Europe, Great Britain is planning to require by 2016 that all new houses be carbon-neutral.  This means that homes must use very little energy, and the energy that they do use must come from renewable sources.  Home energy use accounts for 27% of carbon emissions in Britain, and they have declared they will reduce carbon emissions by 80% by 2050.  That means if they want to reach that goal, designing and building homes must be done in an environmental way.  The British Department of Energy and Climate Change also says it wants existing homes to be carbon-neutral by 2050, though there is no plan for that at the moment. 

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A green community in England

In the US, various school systems are experimenting with green designs for new school construction.  As The New York Times reports, “A prototype green classroom addition under construction at the Da Vinci Arts Middle School in Portland, Ore. includes natural daylighting, passive heating and cooling systems, solar roof tiles and other green features that yield a 70 percent efficiency improvement over Oregon building code requirements.”

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Blueprints for the Da Vinci Arts School

 
Green energy has always been important part of fighting climate change.  But, more than just constructing solar panels and wind mills, designing green communities are necessary in order to make serious progress.  That means harnassing natural light, making homes more energy efficient, making good use of pedestrian areas, less traffic, and many more measures.  There’s a lot of work to do, but recent green headlines have been encouraging. 

Ulaa Update!

Wednesday, May 27th, 2009

Here at Enchanting Challenge we wanted to provide volunteer opportunities for people interested in pursuing their challenges.  The objective of Enchanting Challenge is to challenge yourself, your neighbors, and other people aroudn the world to take action…to change the world.  It can be very small actions, or very big ones.   The site is taking shape with personal challenges like “To save energy, I will hang dry my clothes instead of using a drying machine,” or “I will plant a garden in my backyard,”  or bigger actions like “Bone Marrow Donation Registry,” and also developing a longterm Philanthropy Plan to figure out how you can donate your time.  Any challenge is a good challenge, don’t be shy, don’t think that small actions don’t add up to big changes.

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Enchanting Challenge wanted to provide a destination for people interested in taking a personal challenge.  Ulaa is an organic farm located in Patagonia, Chile.  It lies on the border with Argentina, overlooking a beautiful lake.  On the organic farm, Ulaa grows a lot of food: apples, nuts, berries, tomatoes, potatoes, peas, carrots, beans, basil, oregano, plums, and more.  A few months ago the organic farm at Ulaa needed a lot of work.  Martin, Ulaa’s caretaker and farmer, had a lot of work that he couldn’t keep up with.  We decided to try to attract volunteers to come and stay at Ulaa, free of charge, in exchange for their work.  We sent out notice for volunteers, and the response was overwhelming.  Dozens of people from various countries inquired about spending time at Ulaa.  We currently have 6 volunteers at Ulaa from Brazil, USA, Croatia, England, and Australia.  We have other volunteers coming soon from India, Mexico, and France. 

It’s been an overwhelming success for both sides.  The volunteers have loved their experience at Ulaa, getting close to  nature, learning about living simply, growing their own food, eating and living in a healthy and sustainable way.  And, Martin is pleased with all the help he has received.  The farm is growing, developing, and expanding because of all the help from the volunteers. He has been able to undertake bigger projects because of the manpower he now has. 

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Below are a few words from one of our volunteers about his experience at Ulaa.  Geff was separated from his brother for over 15 years and only recently reunited with him.  They wanted to change their lifestyles, and wanted to get closer to nature and really enjoy life:

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My experience with Ulaa Patagonia has been magical and wonderful.  I haven´t never being so in touch with nature and myself as I have being in this new experience of life.  After living apart from my only brother for 15 years Ulaa has being helping us get to know each other in a such great way with a clear state of mind and spirit, in my opinion the way life should be is the way. We are living at Ulla down-to-earth with fascinated new experiences everyday meeting new people with different cultures and countries and not to mention the natives so called (lugareños).
 
I have being volunteering here with my brother for 2 weeks now and I would love to help Sr. Martin to achieve all the goal and ideas to this wonderful place called Ulaa.
Volunteer at Ulaa Patagonia
Geff Alves

 

And his brother, Zaca, agreed.  His experience getting to know his brother again, in a place like Ulaa, has been wonderful.  His words are in Portuguese:

Estava passando por um mau momento, meu unico irmao que nao conviviamos por mais de 10 anos retornou ao Brasil.
Para mudar a rotina, comecamos a buscar uma maneira de vivermos juntos com mais tranquilidade.
Atraves do WOOF descobrimos Ulla e decidimos nos voluntariar.
Fomos muito bem recebidos pelo Sr Martin e um voluntario da Espanha chamado Chavier.
Noutro dia fomos colher batatas e foi muito divertido, conheci um nativo que vive em Ulla chamado Charlo muito gente boa tambem.
Martin nos disse sobre a intencao de mudar o conceito para Ulla Tribe, explicou-nes certinho e achei muito interessante.
E para mim viver em Ulaa esta sendo muito bom, estou aprendendo muitas coisas e para mim sera excelente fazer parte desta nova etapa.

Zaca

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And this is what taking personal challenges is all about.  These people decided to take a risk to improve their lives, lend a helping hand to someone else, and learn from the process.  The volunteers have learned how to farm organically, live off of local resources, and live in a environmentally sustainable way.  They have also met really fun people from different countries, and share laughs together.  And their volunteer committment has been a huge help to Martin in developing and expanding the organic farm. 

 Check out Ulaa’s Facebook fanpage!

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Micro-Loaning

Monday, May 18th, 2009

As a result of the economic crisis, financial institutions have nearly collapsed, banks are frozen, and money-lending has been ground to a halt.  And without money-lending, business has been slowed severely.  Without the opportunity to get loans, many entrepreneurs have been forced to shelve their business plans.  In addition, with the slowing of business, major charities, philanthropic organizations, and non-profits are left with the short end of the stick as major business struggles to get back on its feet.  Companies as well as individuals that previously donated to charity are focusing on righting what has been wronged.  That leaves the under priviledged, the marginalized, and the struggling poor without an escape route from poverty. 

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While major banks are restructuring their lending practices, micro-lending is full speed ahead.  Giving loans to poor entrepreneurs and providing them with the opportunities to establish their own businesses, micro-lending has proven itself all but immune to the financial crisis.  It was recently reported that there was actually un uptick in micro-loans, as opposed to conventional banks that have been forced to scaleback lending because of a lack of capital.  And it is helping poor people around the world make ends meet as world economies stumble.  For example, a micro-lending institution will lend $500 to a woman in Nigeria to setup his own small pharmacy.  Or, $1,000 to a woman in Cambodia to start a pig farm.  Or, $3,500 to a group of people in Bolivia to setup grocery stores. 

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Kiva Borrower in her store

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Women in Bolivia, Pro Mujer borrowers

 

Inspired by the 2006 Nobel Peace Prizer Winner, Muhammad Yunus, the Grameen Bank has been giving thousands of loans across the world to help the poor setup their own businesses.  They have lifted thousands of people out of poverty, and turned a profit at the same time.  The Grameen Bank has provided an alternative to conventional money-lending, incorporating a social mission.  They lend exclusively to the poor (97% of the recipients are women), allowing them to get their business ideas off the ground. And, unlike major banks who have dround themselves in bad loans that can’t be paid back by the borrowers, the Grameen Bank has a 97.74% loan-recovery rate.  That’s right!  97.74% of borrowers successfully pay back their loans on time, and they setup their own businesses in the process.  An overwhelming success by any standard.  How do they do this?

The Grameen Bank and other micro-lending institutions put potential borrowers into a group of individuals with similar circumstances.  They lend the group a certain amount of money and each member of the group must repay his/her loan on time.  If one member does not repay his/her loan, the entire group will not receive any further loans from the bank.  In this way, they must work together to ensure group success, and deliquency will come at the price of being ostracized from their community.  Loans are also contingent on attendance of weekly workshops, teaching recipients about money management.  The Grameen Bank also scrutinizes potential recipients and their business plans, working with them to ensure success.  In this way, the Grameen Bank is more than just a money-lending institution.  They are also an educational institution, and an economic development institution. 

Kiva is another micro-lending institution, with a very interactive website.  If you log on to their website, you can see potential loan recipients, their business plans, and you can donate to the one that you prefer.  If you believe in helping women in Pakistan, you can donate to the Sugran mai Umar hayyat Group, which has women looking for lones to expand a clothing business.  Or, you can help Darsia Yenneyra Machado Hernández setup a beauty salon in El Salvador.  With the click of a button you can help them get one step closer to their success. 

Pro Mujer is another micro-lending institution recently featured on The BBC.  You can read that article here

Micro-lending is proving to be a great way to lift thousands of people out of poverty on their own terms.  And it is doing so at a profit.  Micro-lending attracting so much attention, it’s starting to be recognized by big players as a moneymaker.  As The BBC reports, “Wal-Mart has set up a bank in Mexico to target those who can’t access mainstream financial services and hedge funds and pension fund managers, now view microfinance as a viable investment.”  The micro-lending model, proven successful by Yunus and the Grameen Bank, is showing that lending to the world’s poor is a wise investment.

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A Proj Mujer borrower in Bolivia

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A Pro Mujer borrower in Argentina

 

Greening Buildings – Rowhouse to Empire State Building

Tuesday, April 21st, 2009
Many new buildings being constructed these days are done so with environment concerns in mind.  Using natural lighting instead of low-efficiency light bulbs, insullated windows, non-toxic materials, etc.  But so much of the CO2 going into the atmosphere comes from existing buildings, which is why buildings across the country are undergoing retrofitting to make them more energy-efficient.  This allows the buildings to use less energy, which raises their property value, while reducing utility costs…with the side benefit of fighting climate change.
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LEED Platinum Certified Rowhouse

Buildings of all shapes and sizes are commiting to becoming more energy-efficient.  I read an article recently on everydaygreendc.com, a website cataloguing the green developments in my hometown, Washington DC.  They reported on how Amy Levin, of Mount Pleasant, DC,  retrofitted her rowhouse with all sorts of energy-efficient measures and managed to get her home LEED-platinum certified, which is the highest classification for energy-efficient homes, according to the US Green Building Council.  She decided to take on this task so that her home could have lower utility costs, higher property value, and thus, higher rent rates for her tenants. These are just a few of the changes she made to her home:

-Insullation – a soy-based foam product is sprayed on all the walls for insullation, reducing heating and cooling needs.  Without any toxic materials, it is the greenest insullation product out there. 

-Plumbing – a double-flush toilet which uses less water.

-Materials – she used reclaimed wood for a lot of her flooring.  All materials are non-toxic, including the paint. 

-Solar panels – she installed solar panels on her roof for electricity. 

As a result of all the green initiatves that Amy implemented, her home now uses 59% of the energy of a regular building, and the value of her home is now appraised 10% higher than before.  Upfront costs, but longterm savings.

From little Mount Pleasant we move on to The Big Apple.  It was recently announced that The Empire State Building will go green.  Yep, the 102-story, 78-year old, colossal building will be undergoing green retrofitting.  Why? Also to save money in the long run.  A joint venture between The Rocky Mountain Institute and the Clinton Climate Initiative, the project aims to make The Empire State Building the largest LEED certified building in the world.  will cost $20 million dollars, but will cut down on energy costs by 38% a year, saving about $4.4 million a year.  While the upfront costs seem daunting and prohibitive, about $13.2 million would have been spent on general maitenance anyways.  The costs for the retrofitting will be recovered in about three years.  About 78% of CO2 emissions in New York City come from energy used in commerical and residential buildings.  By preventing the emission of 105,000 metric tons of CO2 from being spewed into the atmosphere, The Empire State Building will set an example.  If it becomes the tallest green building in the world, it will prove that no building is too big to go green. 

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Empire State Building Is Going Green

And Amy Levins in Mount Pleasant is proving that no building is too small to go green.  And same holds true for every building in between.  From a little rowhouse, to a 102-story building, retrofitting buildings to make them more energy efficient makes environmental sense, and it makes financial sense. 

Amy Levin at her Mt. Pleasant Home

Amy Levin at her Mt. Pleasant Green Home

Changing Career Choices

Wednesday, April 15th, 2009
 
The Future
The Future

I´ve written a series of posts about how the economic crisis has changed the way we live our lives. Unemployment, debt, foreclosures, vanishing retirements….but also a rise in volunteering, creative business ideas, a shuffling of top talent, and so on. I found another article in The New York Times (there seem to be endless articles in NYT about such things) about how the economic crisis has caused a huge shift in the careers people seek.

 

Finance, for years, has been an almost guaranteed ticket to big salaries. Thousands of young adults entering college opt to study finance, with dollar signs in their eyes. A degree in finance or economics, and a nice internship at some of the big companies, and you are almost guaranteed a good job with a high salary, fresh out of college. Lots even receive signing bonuses while still in college – the top companies want to lock up their talent before they even graduate.

But with these financial institutions sinking, the jobs simply aren´t there anymore. Not only are there layoffs at banks, but as I wrote in my previous post, the top talent at these banks are choosing to leave. The current state of affairs in the financial world doesn´t exactly promise a good working environment. So, with all this in mind, imagine you are in college choosing a major, or even a new graduate looking for a job. Does investment banking sound like a good career path right now? Probably not.  These people will probably choose a different direction.

As the NYT reports, there has been a huge surge in other sectors.  Public service, government, sciences, teaching, social work.  Kedamai Fisseha, a finance major, had always believed he would be working on Wall Street after graduation, but with the economic crisis, he has applied for Teach For America, which places promising young teachers at struggling schools.  Enrollment in finance degree programs has decreased with an increase in computer science, public policy,  technology.  Graduate school applications in these fields are on the rise as well.

Furthermore, as I noted in a previous post, volunteering is on the rise.  A recent headline of an article in The Economist tells all: ¨A Service Nation¨.  Forcing people from their jobs that they may have had for years has also forced them to look at their lives in a different way.  Now that they are no longer working for a job they  may not have loved, they are pursuing their dreams, often thinking they have nothing else to lose. 

Law firms that are trying to cut costs are asking their career lawyers to accept one third of their salaray – to not come to work.   That´s right, get paid 33% of your salary, and do whatever you want.  Then come back in a year, and pickup where you left off.  An article  in NYT talks about Heather Eisenlord, who will be getting paid $80,000 (one third of her previous salary), and she will try to go to east Asia to install solar panels in remote parts of the Himalayas.  It has nothing to do with her job, but having the opportunity to cast off the shackles of her job, she is pursuing something totally different.

Heather Eisenlord Planning Her Year Off

Heather Eisenlord Planning Her Year Off

 

And this brings me to my point, which is the same point I´ve made in some previous posts.  This economic crisis is awful, painful, and wrecking havoc across the world.  But it´s also changing the way we think; changing the way we live our lives.  No longer are teenagers entering college looking for a degree that will make them fast money.  With problems across the world, people are trying to help and serve.  A rise in volunteering, and now a rise in service-based degrees.  Teaching, social work, public policy, and sciences – I believe we are witnessing a shift in culture, a shift in the way people want to live their lives.

Senior Shuffle

Monday, April 13th, 2009

12wall02-190The economic crisis tends to hit certain groups in disproportionate ways.  Among the millions of recently unemployed, some of the hardest hit are workers over the age of 50.  For companies looking to shrink thier budgets and payrolls, cutting the expensive elderly is a quick way to do it.  They become expendable.  The first to get laid off and some of the last to get hired elsewhere.  Why hire a man who is approaching retirement and commands a high salary?  Why not hire a recent college grad to do a similar task for a fraction of the salary? 

According to the Bureau of Labor and Statistics, workers over the age of 45 remain unemployed for up to 22.2 weeks before finding a new job, as opposed to 16.2 weeks for younger workers.  And they are forced to take huge pay cuts from their previous jobs.  The unemployment rate for workers over the age of 45 is at its highest rate since 1948.   Problems beseting the over 45 unemployed are much worse than that of the younger unemployed.  They have mortgages to pay, kids to put through college, medical bills to pay, debt to pay, and retirements to plan for.  The younger unemployed are much more flexible to change jobs, change locations for a job, or shack up with their parents until they find a job. 

These problems are made all the worse now that millions of people have to push back their timetables for retirement, because their 401ks have vanished in the wake of the economic crisis.  They will now need to work for 10 more years in order to survive through their golden years…but they struggle to find work. 

There are a few signs of hope though.  People over 50 have the knowledge and expertise that younger workers do not.  They have years of management experience under their belt, and if they are willing to take a pay cut, there are opportunities to find high positions that were vacated by others.  The crisis has also had another very interesting side effect.  All of the layoffs have created an abundance of talent looking for new opportunities.  There are all these highly intelligent people out their looking for either new jobs or new ventures.

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An article on the front page of The New York Times yesterday touched on this subject.  At all of the crumbling mega banks there is a toxic environment for maintaining talent.  The senior executives can take their much-valued talent elsewhere.  Many of the best want to jump ship as they see their banks sinking quickly.  This may seem like an ominous problem, but it can be spun a different way.  With these huge multinational corporations dominating the industry for so long, they have prevented dynamic new startups from getting into the game.  This has prevented creativity and innovation from flourishing.  Now, with these huge banks floundering, their top talent is fleeing to new opportunities.  They are joining startup companies with fresh ideas and new ways of doing things.  It could contribute to a whole new way of doing business in the future. 

This is where the elder workers come in.  They can offer their expertise to all the new entrepreneurs that will inevitably try to fill the void left by the failed companies.  They can try their luck at new positions in new fields.  Senior Job Bank is a website that connects job opportunities for the over 50 and job seekers that are over 50.  It covers all types of jobs and even part-time employment. 

The current job climate may not be ideal for the over 50 job seekers, and at times it can be downright scary, there are opportunities out there.

sjblogopeople

Green Hotels

Thursday, April 9th, 2009
The CasaCalma Lobby

The CasaCalma Lobby

The typical hotel is a huge, greedy, energy-wasting beast.  Massive amounts of electricity are needed to light the hotel, run the AC, heat water for showers, and run the countless appliances throughout the building.  Water is continuously flowing out of faucets and showers, with no regard for conservation.  Washing machines are constantly running, using electricity, water, and chemicals that will pollute streams and lakes.  The materials used to build the hotel aren’t typically the most environmentally friendly options.  In short, the hotel business is typically a huge enemy of the environment.

This waste of energy is also the enemy of good business.  Long-term energy efficiency will not only contribute to a healthier environment, but also to a healthier balance sheet.  Hoteliers are starting to see the light.  Eco-hotels are a growing phenomenon in the US and across the world.  My colleagues and I, along with EcoTrotters, a partner of Enchanting Challenge, went to the first Eco-hotel in Argentina, the CasaCalma.  It’s located in Buenos Aires, an oasis of greenery and efficiency surrounded by the noise and pollution of a big city.  CasaCalma prides itself on operating in the most efficient and environmentally friendly way possible. 

Low-energy lighting, double glass windows for better insulation, walls made from recycled materials, automatic lighting that turns off when rooms are empty…these are just a few of the measures taken by CasaCalma to ensure the smallest carbon footprint possible.  They also use less energy because of the large windows that allow the use of natural sunlight, they cook with local and organic food, and they rarely use any plastic. 

They seem to think of everything, including tiny details you wouldn’t normally factor in…for example, they don’t even have any pens in the hotel, they use pencils made from the wood of a rapidly regrowing plant, similar to bamboo.  They cook all their food, including baking their own bread, taking into account the number of guests each day so that there isn’t left over bread that must be thrown away.  They are also the only hotel in Argentina with two vertical gardens, plants that grow on the wall with dual functions: the plants clean the air and help insulate the building, keeping it cool in the summer and warm in the winter.  The wood used in the building is certified by the Forest Stewardship Council (FSC).  Even the little bottles of shampoo and lotion are reused. 

A room in CasaCalma

A room in CasaCalma

There’s also money in being so virtuous.  CasaCalma’s utility bills are only a fraction of the typical hotel.  They don’t have to pay for huge amounts of delivered food, or cleaning products, or towels (they use cloth towels that get reused instead of paper towels that would be thrown away).  You would think that such attention to detail would only work for high end hotels, but precisely because there isn’t too much waste, the costs are kept under control.  Furthermore, many of the guests from the US and Europe stay at the hotel because of its green credentials.  Environmentally conscious travelers often seek out the greenest hotel, to do their part. 

CasaCalma is a bet ahead of the curve in Argentina, a country where being green is not exactly mainstream.  Because being environmental is not a priority for Argentines, you might think it would be a waste of time to concern yourself with the headaches of ensuring an energy-efficient hotel.  But then again, as environmental awareness increases in Argentina, as it has in other parts of the world, CasaCalma will have the market cornered.

Dining Room

Dining Room