Since the 1970s scare, the state of the earth, specifically in regards to climate change, has been a hot topic of conversation in the scientific community. The degradation of farmlands, dangerous weather patterns and the gradual deconstruction of global ecosystems are becoming more apparent. With a growing cause for concern, scientists, corporations and individuals have come to understand that a change must occur.
On the other hand, alleviating global poverty is a pressing issue also. The world could dramatically reduce international poverty with longterm investment and adequate programming. Therefore, it can be challenging to determine where to allocate resources. Despite this conundrum, three companies have proven that resource allocation might not have to be a choice if they become sustainable companies reducing poverty. The Plastic Bank, Chr. Hansen and M-KOPA have dramatically improved the lives of impoverished and/or food insecure individuals while maintaining a corporate focus towards alleviating global sustainability issues.
3 Sustainable Companies Reducing Poverty
- Plastic Bank: The Plastic Bank is a Canadian company that started in 2013 with the goal of reducing plastic waste in the ocean. Impoverished and overpopulated areas with little to no waste management systems are primary sources of ocean plastic build-up. The organization works with local residents in Haiti, the Philippines, Indonesia and soon Brazil to mitigate plastic waste by mobilizing locals. It accomplishes this by imploring the citizens to collect and deposit plastic buildup in exchange for credits that they can use to buy necessities such as food, medicine and cleaning products. Not only does this reduce individual waste production, but it improves the lives of those who partake in the exchange and those around them. Plastic Bank has committed itself to the implementation of activities to educate these communities about ecological health and the science of sustainability in addition to trading labor for goods.
- Chr. Hansen: Chr. Hansen began in 1873 as a single pharmaceutical factory and has grown into a global force in food production and sustainability. In 2019, Corporate Knights acknowledged the Denmark-based company as the world’s most sustainable company. The organization continues to pursue these sustainability goals through the improvement of natural food longevity agents and reducing dairy waste. Further, the company floods investment into alleviating food insecurity with a primary focus on the second U.N. Sustainable Development goal. To accomplish such a goal, the company works with local agencies and/or other civil society organizations to support local, small-scale dairies in developing countries. Chr. Hansen also devotes attention to the dairy market in Northern Africa where camels are more common than cows. Through this work, the company is investing in research about processing for preservation to decrease camel milk waste and giving local residents affordable access to these products.
- M-KOPA Solar: M-Kopa Solar is a Kenya-based company that has implemented solar power to over 750,000 homes and businesses in the region. Not only does the company provide clean energy, but these highly efficient systems also provide low-cost energy to the user. M-KOPA provides rural and off-grid individuals with the comfort of electricity that would otherwise be fiscally or physically inaccessible. Not only do the consumers benefit from the energy but there is also potential to profit from the sale of that power to others. Providing this energy permits consumers to focus less on how to afford power and gives them autonomy. M-Kopa is one of the few African-based sustainable companies reducing poverty within the residing country. This organization is working to expand its reach further through Kenya and into other regions.
These companies have proven that resource allocation is not a choice. These three sustainable companies reducing poverty have done so through corporate missions and societal impact initiatives.