T225 Intersections of Sustainability and Geosciences
Tuesday, 24 October 2017
1:30 PM - 5:30 PM
Room 612
EVOLVING ETHICALLY INTO THE ANTHROPOCENE: GEOSCIENCE AND THE 'BENEFIT CORPORATION' TO PROMOTE SUSTAINABILITY PROGRESS
Paper number: T225-14
Program: Technical Sessions
Time: 4:45 PM – 5:00 PM
Authors
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Erin E. BarryHunt Valley, MD
Abstract
For-profit sector organizations have the most employment and economic activity, representing large potential for sustainability. A new class of for-profit corporation, the Benefit Corporation (BenCorp), has emerged, in part a reaction to recent economic and societal woes (Hiller 2013). BenCorps adopt a stakeholder philosophy, which requires cooperation and balancing of stakeholder interests, resembling the turn to naturalistic capitalism. BenCorps are legally bound to serve their owner’s pecuniary (profit) interests and to pursue sustainability, e.g., through a “triple bottom line” stakeholder approach, whereas regular for-profit firms are bound only to the former. The BenCorp makes social responsibility a legal obligation, beyond more malleable voluntary policies. A case study illustrates how the BenCorp promotes and obligates sustainability in an environmental firm whose employees are two thirds earth and environmental scientists (Kurland 2017). Similarly composed firms, with their imbedded knowledge of Anthropocene risks and evolution as well as associated professional ethics, are ideal for BenCorp conversion - promising to advance the movement, benefit society, and fuel firms with responsibility-minded, ethically-driven employees.
Geological Society of America Abstracts with Programs. Vol. 49, No. 6
doi: 10.1130/abs/2017AM-297327
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