Impact investments are investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return.
9. Collaborative Consumption:
A new class of economic arrangements is arising… on in which participants share access to products or services, rather than having individual ownership. Often this model is enabled by technology and peer communities.
The collaborative consumption model is used for example in:
- marketplaces such as eBay and Craigslist,
- emerging sectors such as social lending (Zopa),
- peer-to-peer accommodation (Airbnb),
- peer-to-peer travel experiences (LocalGuiding),
- peer-to-peer task assignments (TaskRabbit) or travel advising (Locish),
- car sharing (Zipcar) or commute-bus sharing (RidePal), Australia’s (GoGet CarShare) and peer-to-peer RelayRides).
There are a lot more examples and I leave you this link if you are interested in exploring more: Collaborative consumption
8. Time Banking:
Timebanking is a means of exchange used to organise people and organisations around a purpose, where time is the principal currency.
For every hour participants ‘deposit’ in a timebank, they are able to ‘withdraw’ equivalent support in time when they themselves are in need. In each case the participant decides what they can offer.
Everyone’s time is equal, so one hour of my time is equal to one hour of your time, irrespective of whatever we choose to exchange.
In Spain there are many Time Banks (Bancos de Tiempo) and an Association (Asociación para el Desarrollo de los Bancos de Tiempo). They introduce the concept of Time banking in this video as well as their role to support the sector in Spain
[su_youtube url=”http://www.youtube.com/watch?v=Q_2-pXhU2Og” height=”380″]
See more at: http://www.timebanking.org/about/what-is-a-timebank/#sthash.PLZDs3ex.dpuf
7. Worker-Owned Business:
Gone are the days when CEOs sit in the corner office and workers toil on the ground. In these new businesses, the workers are the owners and they are making decisions together, to share in the profits and losses, and figure out ways to sustain or grow their businesses.
6. Gift Economy:
Beyond barter, this is the Pay It Forward movement. You receive a service or product as a gift from someone (often anonymously) and you contribute what you can to provide for the next person.
The Karma Kitchen, where your meal is already paid for and your tip provides the meal for the next hungry soul, are leading the way with this model. In Spain there is a similar initiative called, Cafés pendientes that is rapidly expanding.
Freecycle IS about keeping useful things out of the trash. It IS about giving away something that has no use in our life anymore to someone who could extend its usefulness a little longer.
Another off-shoot of the gift economy, freecycling includes everything from Clothing Exchanges, to Crop Swaps, to Book Trades, to more! By clearing out of what we don’t need or use, and getting it into the hands of those who could put it to good use, we decrease clutter, hoarding and consumerism, for great environmental, aesthetic and social justice impact.
There is a Freecycling network , made up of 5,106 groups with 9,318,506 members around the world that is organised an entirely nonprofit movement of people who are giving (and getting) stuff for free in their own towns.
4. Community Currency:
Big banks always seem to need bailing out, and cash spent at corporations leaves the community almost instantly. What if we had local money that served local businesses, circulated amongst the community, and celebrated the uniqueness of the places we live in? Instead of disappearing into fictional derivatives, folks are generating script that serves to strengthen and uplift their neighborhoods and keeps the wealth flow at home.
3. Gross National Happiness:
The tiny, remote Himalayan kingdom of Bhutan first invented the idea of using happiness as a measure of good governance. They developed the Gross national happiness (GNH) that measures not only the economic output, but also the environmental impacts, the spiritual and cultural growth of citizens, mental and physical health and the strength of the corporate and political systems.
You can find a video explain how it works HERE
[su_youtube url=”http://www.youtube.com/watch?v=7Zqdqa4YNvI” height=”380″]
2. Small Is Beautiful:
Tired of the isolation, anonymity, and lack of accountability, people are supporting the local and small movement: moving their money to small cooperative banks; frequenting local businesses; and buying food at farmers’ markets.
1. Social Entrepreneurs:
And of course, one of the ways I enjoy promoting, supporting and working on: social entreprenership!! A new way to do business having social impact. If you want to explore more about it you will find more info HERE.
If you want to meet social entrepreneurs or/ and have a social entreprise and need support look for a local HUB, incubators of social enterprises. They have spread around. I am partner at HUB MAdrid and know first hand how useful it is to have a network of likeminded people.
And two short videos that explains the concept.
[su_youtube url=”http://www.youtube.com/watch?v=1ecKK3S8DOE” height=”380″]
And this one by the British Foundation UnLtd describing the The journey of a social entrepreneur
[su_youtube url=”http://www.youtube.com/watch?v=wu0pgDk7bk8″ height=”380″]
Source: by Shilpa Jain of www.yesworld.org
Do you have others you want to share with me?
There are some examples in the interactive Planet of Change MAP
If you want to read about this in Portuguese check: http://serkahlo.wordpress.com/2013/08/08/10-formas-de-mudar-a-economia/
It has also been translated into Korean in this blog: Impact Square