What is an "Institutional Start -Up" and what can it do for sustainability?
An official private commitment to society on environmental, social and human rights compliance.
It’s a new model of social entrepreneurship. Private in essence, operates for the general public interest. It is based on incentive for economic growth from productivity and collective interest or common good with a material positive impact of operations on society and the environment, taken as a whole.
Is 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 have been legislating to promote this "doing business" model, more know as the general public benefit and common interest corporations or “Sociedades de beneficio o interés colectivo, BIC” . The District of Columbia and 20 States in the United States have legally implemented this model. 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.
Has pledged 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.