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The Shareholder Illusion Is Over: Enter Triple Bottom Line | Mike Shesterkin | TEDxLivoniaCCLibrary


so this story began for me about 10

so this story began for me about 10 years ago I was a senior level manager

years ago I was a senior level manager

years ago I was a senior level manager of a large multinational corporation and

of a large multinational corporation and

of a large multinational corporation and I was working on developing sustainable

I was working on developing sustainable

I was working on developing sustainable business strategies and we were charged

business strategies and we were charged

business strategies and we were charged with how to come up with it and in the

with how to come up with it and in the

with how to come up with it and in the term at the time was even more of an

term at the time was even more of an

term at the time was even more of an abstraction than it is today

abstraction than it is today

abstraction than it is today few of us understood what the word meant

few of us understood what the word meant

few of us understood what the word meant and even fewer of us were building

and even fewer of us were building

and even fewer of us were building business strategies around it and the

business strategies around it and the

business strategies around it and the interesting thing is it’s not as if the

interesting thing is it’s not as if the

interesting thing is it’s not as if the word was new or is new back in the late

word was new or is new back in the late

word was new or is new back in the late 60s the Club of Rome had given us the

60s the Club of Rome had given us the

60s the Club of Rome had given us the idea of sustainability as a concept and

idea of sustainability as a concept and

idea of sustainability as a concept and in 1987 a UN Commission gave the term

in 1987 a UN Commission gave the term

in 1987 a UN Commission gave the term the definition that goes something like

the definition that goes something like

the definition that goes something like this sustainability is the ability to

this sustainability is the ability to

this sustainability is the ability to meet the needs of the present without

meet the needs of the present without

meet the needs of the present without compromising the ability of future

compromising the ability of future

compromising the ability of future generations to meet their needs now

generations to meet their needs now

generations to meet their needs now armed with that definition I work for a

armed with that definition I work for a

armed with that definition I work for a company that lived by the bottom line

company that lived by the bottom line

company that lived by the bottom line the single bottom line right and so that

the single bottom line right and so that

the single bottom line right and so that my bosses would come up to me and they

my bosses would come up to me and they

my bosses would come up to me and they would ask me on a regular basis you know

would ask me on a regular basis you know

would ask me on a regular basis you know Mike how are we gonna make money on

Mike how are we gonna make money on

Mike how are we gonna make money on sustainability and I pondered this

sustainability and I pondered this

sustainability and I pondered this question and thought about it and one

question and thought about it and one

question and thought about it and one night as I’m sure all of us do in this

night as I’m sure all of us do in this

night as I’m sure all of us do in this age I was searching the web for answers

age I was searching the web for answers

age I was searching the web for answers and I came across a an initiative out of

and I came across a an initiative out of

and I came across a an initiative out of Georgetown University a Jesuit

Georgetown University a Jesuit

Georgetown University a Jesuit initiative called the Woodstock business

initiative called the Woodstock business

initiative called the Woodstock business conference and as I read the material on

conference and as I read the material on

conference and as I read the material on this page I had an epiphany an insight

this page I had an epiphany an insight

this page I had an epiphany an insight opened up for me

opened up for me

opened up for me and I realized that business isn’t just

and I realized that business isn’t just

and I realized that business isn’t just about profits in fact it’s about so much

about profits in fact it’s about so much

about profits in fact it’s about so much more

more

more yet if we don’t take the time to think

yet if we don’t take the time to think

yet if we don’t take the time to think about it and consider this stuff we will

about it and consider this stuff we will

about it and consider this stuff we will not understand that now if you buy into

not understand that now if you buy into

not understand that now if you buy into the notion that we need to become

the notion that we need to become

the notion that we need to become sustainable by the definition if we buy

sustainable by the definition if we buy

sustainable by the definition if we buy into the notion that business is more

into the notion that business is more

into the notion that business is more than simply profitability then we might

than simply profitability then we might

than simply profitability then we might ask ourselves a few questions such as

ask ourselves a few questions such as

ask ourselves a few questions such as why don’t we just export our way of life

why don’t we just export our way of life

why don’t we just export our way of life to the rest of the planet so before we

to the rest of the planet so before we

to the rest of the planet so before we even begin to answer that question

even begin to answer that question

even begin to answer that question consider this at 300 million people in

consider this at 300 million people in

consider this at 300 million people in this country we comprise four percent of

this country we comprise four percent of

this country we comprise four percent of the world’s population yet we consume

the world’s population yet we consume

the world’s population yet we consume more than 25 percent

more than 25 percent

more than 25 percent the world’s output of energy so science

the world’s output of energy so science

the world’s output of energy so science says which is a pesky place where

says which is a pesky place where

says which is a pesky place where alternate effects don’t exist that we’re

alternate effects don’t exist that we’re

alternate effects don’t exist that we’re not capable of doing this right that’s

not capable of doing this right that’s

not capable of doing this right that’s kind of what the science says so if you

kind of what the science says so if you

kind of what the science says so if you buy into the science and if you buy into

buy into the science and if you buy into

buy into the science and if you buy into the notion that business is more than

the notion that business is more than

the notion that business is more than simply profitability and if you buy into

simply profitability and if you buy into

simply profitability and if you buy into the notion that we need to become

the notion that we need to become

the notion that we need to become sustainable then what are we to do well

sustainable then what are we to do well

sustainable then what are we to do well I would suggest that what we need in

I would suggest that what we need in

I would suggest that what we need in this age is a new philosophy for

this age is a new philosophy for

this age is a new philosophy for business and some of you out there might

business and some of you out there might

business and some of you out there might say well you know what Mike I get it but

say well you know what Mike I get it but

say well you know what Mike I get it but philosophy and business don’t go

philosophy and business don’t go

philosophy and business don’t go together

together

together I disagree each one of us gets out of

I disagree each one of us gets out of

I disagree each one of us gets out of bed every day with a worldview or a

bed every day with a worldview or a

bed every day with a worldview or a philosophy about life and the truths in

philosophy about life and the truths in

philosophy about life and the truths in the in the fact is this is true of

the in the fact is this is true of

the in the fact is this is true of corporations as well and business and

corporations as well and business and

corporations as well and business and generally how we look at the world so

generally how we look at the world so

generally how we look at the world so what I would suggest is what we have is

what I would suggest is what we have is

what I would suggest is what we have is an opportunity to borrow on the

an opportunity to borrow on the

an opportunity to borrow on the tremendous wealth of philosophical

tremendous wealth of philosophical

tremendous wealth of philosophical traditions that emerge from our culture

traditions that emerge from our culture

traditions that emerge from our culture Western philosophical traditions and

Western philosophical traditions and

Western philosophical traditions and that we need to look at that and borrow

that we need to look at that and borrow

that we need to look at that and borrow on the rich heritage that we have there

on the rich heritage that we have there

on the rich heritage that we have there the very heritage that gives us the

the very heritage that gives us the

the very heritage that gives us the country in which we live in the way we

country in which we live in the way we

country in which we live in the way we look at the world as Americans

look at the world as Americans

look at the world as Americans so what let’s just do that for a bit

so what let’s just do that for a bit

so what let’s just do that for a bit let’s travel back 2500 years back to the

let’s travel back 2500 years back to the

let’s travel back 2500 years back to the time of Socrates now Socrates was an

time of Socrates now Socrates was an

time of Socrates now Socrates was an interesting sort of guy he would walk

interesting sort of guy he would walk

interesting sort of guy he would walk around the streets of Athens and he

around the streets of Athens and he

around the streets of Athens and he would come up to people and ask them why

would come up to people and ask them why

would come up to people and ask them why do you think the way that you do what

do you think the way that you do what

do you think the way that you do what does the term justice mean to you and he

does the term justice mean to you and he

does the term justice mean to you and he was trying to get people to think a bit

was trying to get people to think a bit

was trying to get people to think a bit more differently about how they looked

more differently about how they looked

more differently about how they looked at the world and of course Socrates

at the world and of course Socrates

at the world and of course Socrates taught Plato who in turn taught

taught Plato who in turn taught

taught Plato who in turn taught Aristotle and here and we have the

Aristotle and here and we have the

Aristotle and here and we have the tripartite of Western philosophical

tripartite of Western philosophical

tripartite of Western philosophical traditions now this etching here is a

traditions now this etching here is a

traditions now this etching here is a depiction of one of the stories that

depiction of one of the stories that

depiction of one of the stories that Plato gives us and it’s called the

Plato gives us and it’s called the

Plato gives us and it’s called the allegory of the cave and in this picture

allegory of the cave and in this picture

allegory of the cave and in this picture or in the story

or in the story

or in the story prisoners are inside a cave and they’re

prisoners are inside a cave and they’re

prisoners are inside a cave and they’re chained in such a way that the only

chained in such a way that the only

chained in such a way that the only thing that they can see are shadows on a

thing that they can see are shadows on a

thing that they can see are shadows on a wall the only thing that they can hear

wall the only thing that they can hear

wall the only thing that they can hear our aleut are echoes and whispers in

our aleut are echoes and whispers in

our aleut are echoes and whispers in fact their entire lives are illusions

fact their entire lives are illusions

fact their entire lives are illusions and Plato suggested that many of us go

and Plato suggested that many of us go

and Plato suggested that many of us go through life in the same way we live in

through life in the same way we live in

through life in the same way we live in sort of an illusion of what reality is

sort of an illusion of what reality is

sort of an illusion of what reality is I would submit to you that our illusion

I would submit to you that our illusion

I would submit to you that our illusion in this age is framed by incessant

in this age is framed by incessant

in this age is framed by incessant advertising advertising that tells us

advertising advertising that tells us

advertising advertising that tells us that the way to happiness is through

that the way to happiness is through

that the way to happiness is through consumption that if we have more stuff

consumption that if we have more stuff

consumption that if we have more stuff we will be happier that we find the

we will be happier that we find the

we will be happier that we find the bigger car we’ll be happier if we

bigger car we’ll be happier if we

bigger car we’ll be happier if we remodel a house we’ll be happier and so

remodel a house we’ll be happier and so

remodel a house we’ll be happier and so forth and so on this is an illusion now

forth and so on this is an illusion now

forth and so on this is an illusion now let’s fast forward to the 18th century

let’s fast forward to the 18th century

let’s fast forward to the 18th century and the philosopher William friedrich

and the philosopher William friedrich

and the philosopher William friedrich hegel hegel said that the way we look at

hegel hegel said that the way we look at

hegel hegel said that the way we look at the world is something that goes like

the world is something that goes like

the world is something that goes like this we all sort of share a dominant

this we all sort of share a dominant

this we all sort of share a dominant view of the world he called that the

view of the world he called that the

view of the world he called that the thesis then he said that there are small

thesis then he said that there are small

thesis then he said that there are small groups of us who share a lesson dominant

groups of us who share a lesson dominant

groups of us who share a lesson dominant view an emergent view of the world he

view an emergent view of the world he

view an emergent view of the world he called that the antithesis he said that

called that the antithesis he said that

called that the antithesis he said that its were always an attention between the

its were always an attention between the

its were always an attention between the thesis and the antithesis and what

thesis and the antithesis and what

thesis and the antithesis and what emerges from that is the synthesis

emerges from that is the synthesis

emerges from that is the synthesis eventually the synthesis becomes the

eventually the synthesis becomes the

eventually the synthesis becomes the dominant way of seeing the world and we

dominant way of seeing the world and we

dominant way of seeing the world and we progress throughout human history

progress throughout human history

progress throughout human history advancing hopefully to a greater level

advancing hopefully to a greater level

advancing hopefully to a greater level of civilization our thesis the way we

of civilization our thesis the way we

of civilization our thesis the way we see the world in this country primarily

see the world in this country primarily

see the world in this country primarily especially what it has to do with

especially what it has to do with

especially what it has to do with business and markets and how those sorts

business and markets and how those sorts

business and markets and how those sorts of things function is given to us by

of things function is given to us by

of things function is given to us by this gentleman here he’s an

this gentleman here he’s an

this gentleman here he’s an eighteenth-century fellow

eighteenth-century fellow

eighteenth-century fellow his name is Adam Smith what Adam Smith

his name is Adam Smith what Adam Smith

his name is Adam Smith what Adam Smith looked at his front door he saw a world

looked at his front door he saw a world

looked at his front door he saw a world controlled primarily by the crown in

controlled primarily by the crown in

controlled primarily by the crown in fact if you were born at the lower rungs

fact if you were born at the lower rungs

fact if you were born at the lower rungs of the socio-economic ladder your

of the socio-economic ladder your

of the socio-economic ladder your chances of going up were about as close

chances of going up were about as close

chances of going up were about as close to zero as one could imagine and what he

to zero as one could imagine and what he

to zero as one could imagine and what he said was we need to liberalize things we

said was we need to liberalize things we

said was we need to liberalize things we need to open things up a little bit more

need to open things up a little bit more

need to open things up a little bit more and allow people to move up the

and allow people to move up the

and allow people to move up the socio-economic ladder if you think about

socio-economic ladder if you think about

socio-economic ladder if you think about it back then if you wanted to start a

it back then if you wanted to start a

it back then if you wanted to start a business back in Smith’s day you would

business back in Smith’s day you would

business back in Smith’s day you would have to petition the crown to charter

have to petition the crown to charter

have to petition the crown to charter your business businesses were chartered

your business businesses were chartered

your business businesses were chartered by the crown that was the only way you

by the crown that was the only way you

by the crown that was the only way you could start it so he gives us the way we

could start it so he gives us the way we

could start it so he gives us the way we see the world today which is the free

see the world today which is the free

see the world today which is the free market primarily obviously others

market primarily obviously others

market primarily obviously others contributed to that but now if you

contributed to that but now if you

contributed to that but now if you fast-forward toward the end of the 19th

fast-forward toward the end of the 19th

fast-forward toward the end of the 19th century and you imagine yourself in

century and you imagine yourself in

century and you imagine yourself in London England and you’re walking around

London England and you’re walking around

London England and you’re walking around the streets of London and the coal

the streets of London and the coal

the streets of London and the coal mining industry and you notice that

mining industry and you notice that

mining industry and you notice that there are

there are

there are children working in the coal mines and

children working in the coal mines and

children working in the coal mines and maybe you’ll run into characters like

maybe you’ll run into characters like

maybe you’ll run into characters like Dickens Ebenezer Scrooge not very nice

Dickens Ebenezer Scrooge not very nice

Dickens Ebenezer Scrooge not very nice people right and then you might begin to

people right and then you might begin to

people right and then you might begin to understand what so enraged Karl Marx

understand what so enraged Karl Marx

understand what so enraged Karl Marx about unbridled capitalism the trouble

about unbridled capitalism the trouble

about unbridled capitalism the trouble is in our age though if you long for the

is in our age though if you long for the

is in our age though if you long for the good old days what you’ll do is you’ll

good old days what you’ll do is you’ll

good old days what you’ll do is you’ll quote Smith ad infinitum you’ll talk

quote Smith ad infinitum you’ll talk

quote Smith ad infinitum you’ll talk about how the visible hand of the market

about how the visible hand of the market

about how the visible hand of the market is going to somehow lift up humanity and

is going to somehow lift up humanity and

is going to somehow lift up humanity and make the world a much better place the

make the world a much better place the

make the world a much better place the trouble with this is is that actually a

trouble with this is is that actually a

trouble with this is is that actually a co-opted reading of Smith’s works Smith

co-opted reading of Smith’s works Smith

co-opted reading of Smith’s works Smith wrote two very important books once

wrote two very important books once

wrote two very important books once called Moral Sentiments and the other is

called Moral Sentiments and the other is

called Moral Sentiments and the other is called Wealth of Nations now if you’re a

called Wealth of Nations now if you’re a

called Wealth of Nations now if you’re a one-percenter and you think that all of

one-percenter and you think that all of

one-percenter and you think that all of existence is driven by profitability you

existence is driven by profitability you

existence is driven by profitability you skip Moral Sentiments and jump right to

skip Moral Sentiments and jump right to

skip Moral Sentiments and jump right to the wealth of nations in ergo we have

the wealth of nations in ergo we have

the wealth of nations in ergo we have what is called neoliberalism and the

what is called neoliberalism and the

what is called neoliberalism and the narrative for neoliberalism goes

narrative for neoliberalism goes

narrative for neoliberalism goes something like this government is wrong

something like this government is wrong

something like this government is wrong government is the problem

government is the problem

government is the problem regulations are the problem we need to

regulations are the problem we need to

regulations are the problem we need to get regular government out of business

get regular government out of business

get regular government out of business and oh by the way the only people in

and oh by the way the only people in

and oh by the way the only people in government ought to be people who run

government ought to be people who run

government ought to be people who run businesses because government ought to

businesses because government ought to

businesses because government ought to be run by a business that’s the

be run by a business that’s the

be run by a business that’s the narrative now I’m not sure about you but

narrative now I’m not sure about you but

narrative now I’m not sure about you but when I look at thoughtful government and

when I look at thoughtful government and

when I look at thoughtful government and thoughtful policy I am very thankful for

thoughtful policy I am very thankful for

thoughtful policy I am very thankful for it especially when it comes to things

it especially when it comes to things

it especially when it comes to things like child labor laws now emergent from

like child labor laws now emergent from

like child labor laws now emergent from our infatuation with capitalism are a

our infatuation with capitalism are a

our infatuation with capitalism are a couple of paradigms I’d like to talk

couple of paradigms I’d like to talk

couple of paradigms I’d like to talk about right now one is called

about right now one is called

about right now one is called consumerism and the other is called the

consumerism and the other is called the

consumerism and the other is called the shareholder value model a consumerism is

shareholder value model a consumerism is

shareholder value model a consumerism is a way of thinking is framed primarily by

a way of thinking is framed primarily by

a way of thinking is framed primarily by a couple of principles when it emerged

a couple of principles when it emerged

a couple of principles when it emerged back in nearly part of the 20th century

back in nearly part of the 20th century

back in nearly part of the 20th century they they are that earth has an

they they are that earth has an

they they are that earth has an unlimited abundance of materials from

unlimited abundance of materials from

unlimited abundance of materials from which we can make stuff and the second

which we can make stuff and the second

which we can make stuff and the second is a little Limerick

is a little Limerick

is a little Limerick the solution to pollution is dilution if

the solution to pollution is dilution if

the solution to pollution is dilution if you remember I was taught that years and

you remember I was taught that years and

you remember I was taught that years and years ago and that is obviously many of

years ago and that is obviously many of

years ago and that is obviously many of us are laughing and that’s not true

us are laughing and that’s not true

us are laughing and that’s not true but let’s break down consumers I’m going

but let’s break down consumers I’m going

but let’s break down consumers I’m going to look at it a little bit more

to look at it a little bit more

to look at it a little bit more carefully consumerism begins well let me

carefully consumerism begins well let me

carefully consumerism begins well let me give you the

give you the

give you the finition of it first before we go here

finition of it first before we go here

finition of it first before we go here so consumerism is defined as the notion

so consumerism is defined as the notion

so consumerism is defined as the notion that ever-increasing consumption of

that ever-increasing consumption of

that ever-increasing consumption of goods leads to a healthy and vibrant

goods leads to a healthy and vibrant

goods leads to a healthy and vibrant economy ever-increasing consumption

economy ever-increasing consumption

economy ever-increasing consumption that’s the definition so begin something

that’s the definition so begin something

that’s the definition so begin something like this we extract materials and that

like this we extract materials and that

like this we extract materials and that sort of thing from the earth chemistry’s

sort of thing from the earth chemistry’s

sort of thing from the earth chemistry’s steel model and on that steel but the

steel model and on that steel but the

steel model and on that steel but the minerals and so forth that we produce

minerals and so forth that we produce

minerals and so forth that we produce stuff with which takes a lot of energy

stuff with which takes a lot of energy

stuff with which takes a lot of energy in the form of fossilized fuels highly

in the form of fossilized fuels highly

in the form of fossilized fuels highly concentrated energy in the form of

concentrated energy in the form of

concentrated energy in the form of fossilized fuels the next step is the

fossilized fuels the next step is the

fossilized fuels the next step is the refinement and the production of the

refinement and the production of the

refinement and the production of the stuff that we use so we take the

stuff that we use so we take the

stuff that we use so we take the minerals and raw materials and turn them

minerals and raw materials and turn them

minerals and raw materials and turn them into the product the building blocks of

into the product the building blocks of

into the product the building blocks of what we’re going to produce such as

what we’re going to produce such as

what we’re going to produce such as automobiles and TV sets and

automobiles and TV sets and

automobiles and TV sets and refrigerators and so forth and then

refrigerators and so forth and then

refrigerators and so forth and then because the system demands

because the system demands

because the system demands ever-increasing consumption we

ever-increasing consumption we

ever-increasing consumption we essentially get rid of what we have to

essentially get rid of what we have to

essentially get rid of what we have to make room for the new and improved

make room for the new and improved

make room for the new and improved version of essentially the same thing

version of essentially the same thing

version of essentially the same thing and so this is what we wind up with we

and so this is what we wind up with we

and so this is what we wind up with we throw it away at the end we call this as

throw it away at the end we call this as

throw it away at the end we call this as a very simple linear model take make

a very simple linear model take make

a very simple linear model take make waste now the problem with it is it is

waste now the problem with it is it is

waste now the problem with it is it is that it’s predicated on three

that it’s predicated on three

that it’s predicated on three assumptions that are patently incorrect

assumptions that are patently incorrect

assumptions that are patently incorrect the first of which is that there is a

the first of which is that there is a

the first of which is that there is a limitless supply of materials in the

limitless supply of materials in the

limitless supply of materials in the Earth’s crust the second of which is

Earth’s crust the second of which is

Earth’s crust the second of which is that there is a limitless supply of

that there is a limitless supply of

that there is a limitless supply of highly concentrated energy in the form

highly concentrated energy in the form

highly concentrated energy in the form of fossil fuels and finally and the most

of fossil fuels and finally and the most

of fossil fuels and finally and the most importantly that earth can absorb all

importantly that earth can absorb all

importantly that earth can absorb all the garbage that we put into it all

the garbage that we put into it all

the garbage that we put into it all three of those are patently incorrect

three of those are patently incorrect

three of those are patently incorrect now we’ll move on to the next one this

now we’ll move on to the next one this

now we’ll move on to the next one this is the Chicago School of Economics and

is the Chicago School of Economics and

is the Chicago School of Economics and it’s favorite Sun Minister Milton

it’s favorite Sun Minister Milton

it’s favorite Sun Minister Milton Friedman and he gives us the notion that

Friedman and he gives us the notion that

Friedman and he gives us the notion that the purpose of business is to maximize

the purpose of business is to maximize

the purpose of business is to maximize shareholder value he wrote an article in

shareholder value he wrote an article in

shareholder value he wrote an article in The New York Times in 1970 where he put

The New York Times in 1970 where he put

The New York Times in 1970 where he put forth this idea and it has taken nearly

forth this idea and it has taken nearly

forth this idea and it has taken nearly 50 years but finally educators and

50 years but finally educators and

50 years but finally educators and business leaders are waking up to the

business leaders are waking up to the

business leaders are waking up to the notion that this is one of the most

notion that this is one of the most

notion that this is one of the most bankrupt ideas ever to hit humanity in

bankrupt ideas ever to hit humanity in

bankrupt ideas ever to hit humanity in fact in the latter part of the 1970s

fact in the latter part of the 1970s

fact in the latter part of the 1970s while he was the president at Quaker

while he was the president at Quaker

while he was the president at Quaker Oats Kevin Mason is quoted as saying

Oats Kevin Mason is quoted as saying

Oats Kevin Mason is quoted as saying maximizing shareholder value is no more

maximizing shareholder value is no more

maximizing shareholder value is no more the purpose of business than eating is

the purpose of business than eating is

the purpose of business than eating is the purpose of life

the purpose of life

the purpose of life one would hope that life is a little bit

one would hope that life is a little bit

one would hope that life is a little bit more challenging and broader than simply

more challenging and broader than simply

more challenging and broader than simply eating of course the problem with this

eating of course the problem with this

eating of course the problem with this idea is that it’s this greed make good

idea is that it’s this greed make good

idea is that it’s this greed make good idea is that it is caused untold human

idea is that it is caused untold human

idea is that it is caused untold human suffering it has led to the

suffering it has led to the

suffering it has led to the justification for globalization and

justification for globalization and

justification for globalization and literally the frenetic acceleration of

literally the frenetic acceleration of

literally the frenetic acceleration of consumerism the problem of course with

consumerism the problem of course with

consumerism the problem of course with these two paradigms is that they are

these two paradigms is that they are

these two paradigms is that they are simple linear paradigms that the purport

simple linear paradigms that the purport

simple linear paradigms that the purport to explain things as complex as human

to explain things as complex as human

to explain things as complex as human nature itself and nature and of course

nature itself and nature and of course

nature itself and nature and of course that they don’t work very well for that

that they don’t work very well for that

that they don’t work very well for that there isn’t any time right now to get

there isn’t any time right now to get

there isn’t any time right now to get into all of the peer-reviewed and

into all of the peer-reviewed and

into all of the peer-reviewed and validated science that is telling us

validated science that is telling us

validated science that is telling us overwhelmingly that our behavior is

overwhelmingly that our behavior is

overwhelmingly that our behavior is having a negative and significant

having a negative and significant

having a negative and significant negative impact on the environment and

negative impact on the environment and

negative impact on the environment and it’s not just climate change it’s

it’s not just climate change it’s

it’s not just climate change it’s everything that we do from

everything that we do from

everything that we do from industrialized agriculture to the

industrialized agriculture to the

industrialized agriculture to the pharmaceuticals we flush down the toilet

pharmaceuticals we flush down the toilet

pharmaceuticals we flush down the toilet daily everything that we’re doing under

daily everything that we’re doing under

daily everything that we’re doing under the consumerist model is having a

the consumerist model is having a

the consumerist model is having a negative effect on the environment in

negative effect on the environment in

negative effect on the environment in fact in August of last year geologists

fact in August of last year geologists

fact in August of last year geologists took another significant step toward

took another significant step toward

took another significant step toward calling this age the Anthropocene which

calling this age the Anthropocene which

calling this age the Anthropocene which means that if geologists are around

means that if geologists are around

means that if geologists are around millennia from now to study the

millennia from now to study the

millennia from now to study the fossilized record of this age they will

fossilized record of this age they will

fossilized record of this age they will see that we had a significant impact on

see that we had a significant impact on

see that we had a significant impact on it and to me that is one of the most

it and to me that is one of the most

it and to me that is one of the most telling examples of how significant our

telling examples of how significant our

telling examples of how significant our behavior is on the environment and what

behavior is on the environment and what

behavior is on the environment and what it’s doing to it you know just to put

it’s doing to it you know just to put

it’s doing to it you know just to put this into context and give it some scale

this into context and give it some scale

this into context and give it some scale back in the latter part of the 60s in

back in the latter part of the 60s in

back in the latter part of the 60s in the early 70s when we saw the first

the early 70s when we saw the first

the early 70s when we saw the first images of Earth from space from the

images of Earth from space from the

images of Earth from space from the Apollo missions we began to realize just

Apollo missions we began to realize just

Apollo missions we began to realize just how remote we are in space and how

how remote we are in space and how

how remote we are in space and how fragile this system is what we see from

fragile this system is what we see from

fragile this system is what we see from space is an eleven point three mile

space is an eleven point three mile

space is an eleven point three mile thick veil that covers earth the akin to

thick veil that covers earth the akin to

thick veil that covers earth the akin to of wrapping a basketball with cellophane

of wrapping a basketball with cellophane

of wrapping a basketball with cellophane and within that thin veil all of life is

and within that thin veil all of life is

and within that thin veil all of life is contained

contained

contained it took 4.5 billion years for this to

it took 4.5 billion years for this to

it took 4.5 billion years for this to emerge and for us as modern human beings

emerge and for us as modern human beings

emerge and for us as modern human beings we’ve only been here for about a hundred

we’ve only been here for about a hundred

we’ve only been here for about a hundred and twenty thousand years

and twenty thousand years

and twenty thousand years and in the last roughly 300 years we’ve

and in the last roughly 300 years we’ve

and in the last roughly 300 years we’ve begun to threaten the stability of this

begun to threaten the stability of this

begun to threaten the stability of this system because of our behavior at the

system because of our behavior at the

system because of our behavior at the core of our behavior is the hubris the

core of our behavior is the hubris the

core of our behavior is the hubris the likes of which have never before been

likes of which have never before been

likes of which have never before been seen and the way we see things we look

seen and the way we see things we look

seen and the way we see things we look past the complex mystery of life we see

past the complex mystery of life we see

past the complex mystery of life we see earth not so much as an interrelated web

earth not so much as an interrelated web

earth not so much as an interrelated web of life and existence infused with

of life and existence infused with

of life and existence infused with spirit but rather as a machine the

spirit but rather as a machine the

spirit but rather as a machine the purpose of which is to generate money

purpose of which is to generate money

purpose of which is to generate money our way of seeing the world denies what

our way of seeing the world denies what

our way of seeing the world denies what Plato taught us denies what he said was

Plato taught us denies what he said was

Plato taught us denies what he said was most important and that is it’s not the

most important and that is it’s not the

most important and that is it’s not the material it isn’t the sense8 it isn’t

material it isn’t the sense8 it isn’t

material it isn’t the sense8 it isn’t the commodification of all things but

the commodification of all things but

the commodification of all things but rather the intangibles

rather the intangibles

rather the intangibles that’s what Plato taught us are the most

that’s what Plato taught us are the most

that’s what Plato taught us are the most important there is so much more to life

important there is so much more to life

important there is so much more to life than simply what is before us in the

than simply what is before us in the

than simply what is before us in the material so we’ve heard about a lot of

material so we’ve heard about a lot of

material so we’ve heard about a lot of this today where we talk about these

this today where we talk about these

this today where we talk about these things the intangibles and their value

things the intangibles and their value

things the intangibles and their value what I would suggest to you today is

what I would suggest to you today is

what I would suggest to you today is that emerging before us in this age is

that emerging before us in this age is

that emerging before us in this age is the Hague lien dialectic the antithesis

the Hague lien dialectic the antithesis

the Hague lien dialectic the antithesis struggling to find its voice is a new

struggling to find its voice is a new

struggling to find its voice is a new way of seeing reality and a new way of

way of seeing reality and a new way of

way of seeing reality and a new way of proposing business a way of proposing

proposing business a way of proposing

proposing business a way of proposing business that holds up as important

business that holds up as important

business that holds up as important Plato’s intangibles and sets them as

Plato’s intangibles and sets them as

Plato’s intangibles and sets them as guiding principles of how business ought

guiding principles of how business ought

guiding principles of how business ought to be run in his book spirit of

to be run in his book spirit of

to be run in his book spirit of leadership the Jesuit father Robert

leadership the Jesuit father Robert

leadership the Jesuit father Robert Spitzer points out that the intangibles

Spitzer points out that the intangibles

Spitzer points out that the intangibles of spirit vision and Trust are worthy of

of spirit vision and Trust are worthy of

of spirit vision and Trust are worthy of our investment organizations that invest

our investment organizations that invest

our investment organizations that invest in spirit vision and Trust are capable

in spirit vision and Trust are capable

in spirit vision and Trust are capable much greater depths of creativity and

much greater depths of creativity and

much greater depths of creativity and adaptability the very things that we

adaptability the very things that we

adaptability the very things that we need to survive in the ages to come when

need to survive in the ages to come when

need to survive in the ages to come when we take spirit vision and Trust and

we take spirit vision and Trust and

we take spirit vision and Trust and translate that into a tangible way of

translate that into a tangible way of

translate that into a tangible way of seeing things we turn ourselves to John

seeing things we turn ourselves to John

seeing things we turn ourselves to John elkington’s book cannibals with Forks

elkington’s book cannibals with Forks

elkington’s book cannibals with Forks where he proposes the triple bottom line

where he proposes the triple bottom line

where he proposes the triple bottom line of people planet and profit this gets

of people planet and profit this gets

of people planet and profit this gets passed

passed

passed looking at the business as being only

looking at the business as being only

looking at the business as being only there to generate profits for ownership

there to generate profits for ownership

there to generate profits for ownership what Elkington says is that businesses

what Elkington says is that businesses

what Elkington says is that businesses need to focus on also creating planet

need to focus on also creating planet

need to focus on also creating planet value by lowering their negative

value by lowering their negative

value by lowering their negative environmental impacts they need to

environmental impacts they need to

environmental impacts they need to invest in the dignity of the human

invest in the dignity of the human

invest in the dignity of the human person within the organization and

person within the organization and

person within the organization and within the communities in which they

within the communities in which they

within the communities in which they operate and thereby create social

operate and thereby create social

operate and thereby create social capital this is the triple bottom line

capital this is the triple bottom line

capital this is the triple bottom line and we began with talking about how it

and we began with talking about how it

and we began with talking about how it is such an abstraction that this idea of

is such an abstraction that this idea of

is such an abstraction that this idea of sustainability this idea of looking at

sustainability this idea of looking at

sustainability this idea of looking at business beyond simply profitability

business beyond simply profitability

business beyond simply profitability what I want to talk about now is where

what I want to talk about now is where

what I want to talk about now is where it meets the road and I want to hold up

it meets the road and I want to hold up

it meets the road and I want to hold up as a great example cascade engineering

as a great example cascade engineering

as a great example cascade engineering which was founded by Fred Keller they’re

which was founded by Fred Keller they’re

which was founded by Fred Keller they’re on the west side of the state and Grand

on the west side of the state and Grand

on the west side of the state and Grand Rapids it is a wonderful example of how

Rapids it is a wonderful example of how

Rapids it is a wonderful example of how the triple bottom line is manifest in a

the triple bottom line is manifest in a

the triple bottom line is manifest in a business cascade engineering is a more

business cascade engineering is a more

business cascade engineering is a more than 300 million dollar a year supplier

than 300 million dollar a year supplier

than 300 million dollar a year supplier in the automobile business and when when

in the automobile business and when when

in the automobile business and when when Fred Keller started and founded the

Fred Keller started and founded the

Fred Keller started and founded the business back in the early part of the

business back in the early part of the

business back in the early part of the 70s about the same time that Milton

70s about the same time that Milton

70s about the same time that Milton Friedman was writing his article he knew

Friedman was writing his article he knew

Friedman was writing his article he knew then that business was much more than

then that business was much more than

then that business was much more than simply generating profits for ownership

simply generating profits for ownership

simply generating profits for ownership and what cascade engineering has done to

and what cascade engineering has done to

and what cascade engineering has done to create sustainability with triple

create sustainability with triple

create sustainability with triple bottom-line value is is an incredible

bottom-line value is is an incredible

bottom-line value is is an incredible thing so I will leave you with that I

thing so I will leave you with that I

thing so I will leave you with that I will show you that we’ve given you a

will show you that we’ve given you a

will show you that we’ve given you a tangible example we go study this that

tangible example we go study this that

tangible example we go study this that the businesses that look beyond simply

the businesses that look beyond simply

the businesses that look beyond simply the single bottom-line of profitability

the single bottom-line of profitability

the single bottom-line of profitability and work on developing and investing in

and work on developing and investing in

and work on developing and investing in spirit vision and Trust are the sort of

spirit vision and Trust are the sort of

spirit vision and Trust are the sort of businesses that realize that creating

businesses that realize that creating

businesses that realize that creating value goes beyond profitability it goes

value goes beyond profitability it goes

value goes beyond profitability it goes into the triple bottom line and the very

into the triple bottom line and the very

into the triple bottom line and the very good example of that is cascade

good example of that is cascade

good example of that is cascade engineering out on the west side of

engineering out on the west side of

engineering out on the west side of state and Grand Rapids so thank you so

state and Grand Rapids so thank you so

state and Grand Rapids so thank you so much for your time

much for your time

much for your time [Applause]

”

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