Right Is Might SOCIAL JUSTICE AND CORPORATE PROFITS Promod Sharma | FSA, FCIA Insurance Actuary | @riscario May 31, 2014
Right Is Might: Social Justice and Corporate Profits
Jul 08, 2015
[UPDATE (Jun 10, 2014): Now includes a studio recording of the presentation]
Does doing what's right boost corporate profits? If not, how can corporations be encouraged to behave in ways which are good for them and society?
This presentation from the first-ever The Global Change Initiative (http://globalchange.ca) explores these questions and proposes ways for a win/win. Examples include Sarah Kavanaugh (Gatorade/Powerade), Rana Plaza, the Fairphone and Project Ara. The summit took place at Toronto City Hall from May 30 - Jun 1, 2014 in the same Council Chambers used by Mayor Rob Ford.
This is the full slide deck used by actuary Promod Sharma.
Does doing what's right boost corporate profits? If not, how can corporations be encouraged to behave in ways which are good for them and society?
This presentation from the first-ever The Global Change Initiative (http://globalchange.ca) explores these questions and proposes ways for a win/win. Examples include Sarah Kavanaugh (Gatorade/Powerade), Rana Plaza, the Fairphone and Project Ara. The summit took place at Toronto City Hall from May 30 - Jun 1, 2014 in the same Council Chambers used by Mayor Rob Ford.
This is the full slide deck used by actuary Promod Sharma.
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Transcript
Right Is Might SOCIAL JUSTICE AND CORPORATE PROFITS
Promod Sharma | FSA, FCIA Insurance Actuary | @riscario
May 31, 2014
84% Business
Self-interest
… … doing good work for society
Right = $$$
The work of science is to substitute facts for appearances and demonstrations for impressions. John Ruskin
verifiable truths
displays of proof
The work of science is to substitute facts for appearances and demonstrations for impressions. John Ruskin
The work of science is to substitute facts for appearances and demonstrations for impressions. John Ruskin
Right = ?
Doing What’s Right
PAST: demonstrations
FUTURE: appearances
Blaise Pascal (1623–1662)
Pascal’s Wager
probability theory
decision theory
Do Right And
Matters
Do Right But Doesn’t
Matter
Do Wrong And
Matters
Do Wrong But Doesn’t
Matter $
Bank
-rupt
$ $$$
$$$
Do Right But Doesn’t
Matter
insurance
Do Right And
Matters
insurance
Do Wrong But Doesn’t
Matter
Do Wrong And
Matters
Do Right And
Matters
Do Right But Doesn’t
Matter
Do Wrong And
Matters
Do Wrong But Doesn’t
Matter
$ $$$
$$$
insurance insurance
206,650
Gatorade: Don’t put flame
retardant chemicals in sports
drinks!
1,129
+ 2,515 Rana Plaza, Bangladesh
April 24, 2013
“… none of the
companies
involved are suppliers
to Benetton Group or
any of its brands” (@benetton,
Apr 24, 2013)
DENIAL
attendance
sheet
label
REACTIVE
$17M
$40M Compensation Fund
REACTIVE
LEAD
Pretend you can read this
“putting social values first.”
11,536
Project Ara
59,374
Powerade: If Gatorade can
take crazy chemical BVO out
of sports drinks, so can you
The Most Credible Spokespeople
Edelman Trust Barometer 2014 – Executive Summary
Most trusted sources
Do Right And
Matters
Do Right But Doesn’t
Matter
Do Wrong And
Matters
Do Wrong But Doesn’t
Matter
$ $$$
$$$
insurance insurance
Promod Sharma | @riscario
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