SEA’s weekly round-up of good news in our community, our industry and our world.
There is no shortage of disheartening news in our world, so we decided to take time each week to take a break and focus on the good. Each week, we share five empowering stories on the exciting (and positive) social, technological and social enterprise advancements happening in our society.
Here are this week’s five stories, sure to uplift your spirits. We all need a little positivity, thank you for joining us to celebrate what’s good!
After undergoing virtually successful trials of its advanced technologies in the Pacific Ocean, Ocean Cleanup, the non-profit organization is now venturing onward on its journey of relieving our oceans of plastic. The project is now officially headed towards the Great Pacific Garbage Patch, the largest accumulation of plastic in the world.
Flint has been suffering from a lack of access to clean water for years now due to lead contamination. That’s why Elon Musk and his foundation for technological developments has granted nearly half a million dollars to schools in Flint in order to install new water filtration systems. The filtration technology makes use of an ultraviolet purification method that will disinfect and rid water pipes of bacteria.
Investors in the U.S. in general have been slower than their counterparts in Europe in taking environmental, social and governance (ESG) principles into account, but that resistance seems to be falling away. According to the just-released third annual Responsible Investing Survey by RBC Global Asset Management, the percentage of U.S. institutional investors who reject ESG outright shrank to 34 percent from 51 percent in 2017. Further, 24 percent of U.S. investors now say that an ESG integrated portfolio will outperform a non-ESG portfolio, five times the number who agreed in 2017.
Some of the best-known donors in America are actually born outside of the United States. While not native, their charitable giving is shaping American Philanthropy. In this article, there are 22 stories of immigrants rising to the top of their field and then using their power to help others. Stories such as Hamdi Ulukaya founder of the yogurt empire, Chobani. He was born to a kurdish dairy- farming family and started the company with a federal small- business loan. After achieving the American Dream he has pledged the majority of this wealth to help refugees. As well as Manoj Bhargava originally from India, the founder not only created 5-hour energy, he lives by a principle he calls “Zero Profit,” where he strives to use 99% of his wealth to help the less fortunate. These stories of resiliency and generosity are the inspiration we all need right now.
EBC is a vertically-integrated social enterprise specializing in cashew products. It operates a processing facility in remote Desa Ban (Ban Village), Karangasem, one of the poorest regions in Bali, Indonesia. In 2012, Aaron Fishman travelled to Karangasem as a health care volunteer. He was amazed by the beauty of the region, but was struck by the poverty of its cashew farmers. He sought out local partners and started EBC, a social enterprise that combines environmentally sustainable business practices with its mission of community development and women’s empowerment.