Conscious Capitalism in the News ? Sept 2

Whole Foods and Amazon Merge Makes for More Healthy Food Choices at Lower Prices?Triple Pundit

The merge between the mega-health food grocer Whole Foods and Amazon was finalized earlier this week and has lead to a myriad of remarkable money saving options. ?The future of conscious spenders who want both healthy choices and to spend less is looking brighter than ever. The recent fusion could mean:

  • More competitive prices due to Amazon?s abundant supply chain.
  • Attracting a vaster range of customers because of its amazing array of online services.
  • A Whole Foods Loyalty program that doubles as benefits for Amazon Prime Members.
  • Whole 365 private-label products will be a prominent offer on Amazon?s Prime and Pantry Program.
  • Immediate access to healthy food for the two-thirds of higher income households who previously have not had access to a Whole Foods.
  • Nutritious food options for those living paycheck to paycheck.

Overall, the benefits to this megabrand merge mean immediate access to once less attainable or unaffordable products for a larger consumer base. ?Perhaps conscious consumers can finally curate their grocery lists without breaking their budgets.

A New Age of Conscious Consumers: Millennials are Having Fun While Healing the Environment?Forbes ?

Life on the homefront has changed as millennials are, simply put, making more money than ever before. These young, conscious consumers are looking for grand, Instagram-worthy adventures, and not just for themselves; family, friends, and spouses aboard, too!

Hospitality brands, such as Atlantis Paradise Island, are embracing these new family traveling trends with philanthropic projects that support tourism and the environment.

The Blue Project is a cutting-edge collaborative effort, designed by Atlantis Paradise Island, to heal and promote a flourishing Bahamian ecology above and below the ocean. ?This resort donates the guests? participation fees from ocean-related activities back into the project. So, while they have a blast, guests create a positive impact the health of the environment, too.

Colorado Institute for Social Impact Sets Out to Support Fourth Sector Startups ?Colorado Springs Independent

Beyond clothing brands such as TOMS, consumers across the country are seeking high impact corporations whose aim is beyond making money and actually set to leave a mark of higher good in the world. The Colorado Institute for Social Impact (CI4SI), in particular, has set out to provide assistance to fourth sector businesses in several ways.

CI4SI provides support for:

  • social enterprises
  • social businesses
  • conscious capitalism companies
  • benefit corporations ?

By bringing awareness to this sector, businesses are now seeing higher growth in sales and awareness of a product?s social and environmental impact. Whether feeding the homeless or helping to solve poverty, companies with a mission are no longer on their own; CI4SI?s startup funds from the BBB will provide classes, consultation, and even training.

Socially Responsible Taxpaying Made Easy with New Apps?The Business Times

Last September?s inaugural Hackathon held by the IRAS (Inland Revenue Authority of Singapore), produced an abundance of promising mobile app ideas designed to save us time and money as taxpayers. ?Out of the 24 teams, three of them were granted $30,000 to fulfill these notable projects which are now available for mobile devices:

TinkerTax cuts out tedious calculations for business owners into a 3-step tax computation. After analyzing each user?s financial statements, it automatically applies the adjustments that are needed to convert the accounting profit to taxable profit. ?

TallyGo targets self-employed taxpayers who want to keep track of their income and business expenses. Users can scan receipts which digitizes them and later exports all expenses to excel.

Freeboh helps job seekers find flexible employment while enabling employers to manage hiring, timekeeping, and payroll. ?This app also aids in tax filing by recording information on users? income, CPF contributions, and donations, and generating it into a list of employment income and four line tax statements.

The end goal and vision of these apps is to bring value and efficiency into business models while building a socially-responsible tax-paying community for greater good, growth, and development.

Is Agricultural Runoff an Impact Investing Opportunity? Pay for Success Paves the Way for More Conservation Support?Lancaster Farming

Eliminating pollution could turn out to be a tremendous investment opportunity. Beyond handing the problem to a government-funded conservation project, individuals now have the power to invest and clean up the environment with a new project called Pay for Success. ?This new investment strategy is a group effort started by the Nature Conservancy and i2 Capital. Here?s how their business plan works:

  • Private investors pay for the particular project up front, and a separate entity, usually the government, pays the investors as the project hits their designated performance metrics.
  • Agricultural conservation processes trap runoff at farms, reducing the sediment and bacteria that municipal water companies downstream would otherwise have to deal with.
  • If the plan succeeds, those water companies are the very ones who would potentially pay the investors to stop the runoff.
  • Farms receive elimination practices that prevent runoff in our streams and rivers.
  • Municipalities save money while getting credit towards their storm sewer requirements.
  • Investors make a profit.

Ultimately, this plan is about financial innovation to support conservation and getting more money into conservation at the source.

Photo by Anna Dziubinska?


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