But what is an institutional start-up and what can it do for sustainability?
An official commitment before society on environmental, social and human rights compliance.
It’s a new model of social entrepreneurship. Private in essence, operates for the public interest. It is based on incentive for economic growth from productivity and collective interest or common good, having a positive material environmental and social impact from its operations.
An "institutional start up", an impartial stakeholder and neutral broker that seeks to bridge the public and private agendas, setting trend in revisiting traditional notions of Democracy and rule of law, within a holistic and integrated effort across all sectors to generate responsible investment for public and private institutions
In the Americas
Countries of the Americas have been legislating to promote this doing business model, more know as public benefit and common interest corporations or “Sociedades de beneficio o interes colectivo, BIC” . The Andean countries have lead in establishing trend with an enabling legal and institutional framework for BIC’s. It has been featured as an essential component of the “Orange or Creative Economy” based on knowledge, talent and creativity that supports constitutional provisions on economic, social, cultural and environmental rights.
The IIJS pledge arrives to overcome segmentation and support multi-stakeholders’ efforts and roles transitioning values across sectors, strengthening commitment, knowledge, entrepreneurship and justice to achieve sustainability and prosperity goals on through its three areas of work. A hemispheric platform with a global scope, which from a science based and multidisciplinary perspectives can motivate, innovate, and strategize for change.