Voices

Why B Corp Leaders must move beyond the triple bottom line

After attending the B Leaders Summit in Rome, Lucy von Sturmer believes now is the time for the community to diversify and embrace more radical voices.

Lucy von Sturmer

Founder of the Humblebrag and initiator Creatives for Climate

Share


When dissenting voices rise, it’s an opportunity to change and grow. It is with this spirit that I put pen to paper on the back of the B Leaders Summit in Rome which I left just a week ago. 

I had a few sleepless nights processing the experience, which I want to say from the get-go was truly invaluable. I have a pocket full of business cards with hot leads, I exchanged ideas with world leaders and I connected with some truly incredible human beings.

However, I have to offer the community some reflections. Too many speakers were old, white, and male. This doesn’t reflect the world we live in, nor the new leaders offering us radical pathways towards genuine regeneration. 

We need new voices and new leaders to take over this movement  and we don’t want to be called upon to ‘disrupt’ the stage, we want to be invited and handed the microphone. 

We must find new ways of measuring impact, of valuing things in life, and of using business as a ‘tool’ to build a better system that works for all.

Lucy von Sturmer, Founder of the Humblebrag and Initiator of Creatives for Climate

Addressing the fallacy of the triple bottom line

I love BCorp. It’s one of the few tools in the established business worlds that really demands shareholders think about people and the planet, but, I feel compelled to urge that the time has come to stop with this triple bottom line nonsense - pursuing profit on equal pairing with the planet and people has only led to degradation and confirmation we are now well beyond a 1.5 degree pathway. 

I want to offer the BCorp Leaders a point for reflection that was actually aimed at myself two years ago. The day I became an activist. 

During Cannes Lion 2019 I was excited to share the mission of my impact consultancy The Humblebrag,  where I only work with green clients and I have the specific mission of amplifying the voices of diverse leaders. I was so excited by my own mission, convinced if only enough people could buy my services that we could change the world, when William Skeaping from Extinction Rebellion turned to me and said:

“Change will not come from consultants. The problem with people working in sustainability is that they have too much to gain from the problem to really challenge and change things.”

This hit me hard. Was I really putting my money where my mouth is? How could I trust my clients to really be green? What does green mean anyway? Were my efforts accelerating change or stalling progress through celebrating tweaks to business as usual? Was I part of the problem guised as the solution? 

Why are creative agencies that work for oil and gas firms still allowed to get the BCorp status?

Lucy von Sturmer, Founder of the Humblebrag and Initiator of Creatives for Climate

Challenge for change

Needless to say, I faced a crisis. The criticism hit hard, but then I realized it was an invitation. When dissenting voices rise, it’s an opportunity to change and grow.

This interaction changed my life. It drove me to launch Creatives for Climate, a community of impact frontrunners in the communications industry learning from each other and holding ourselves accountable for what we communicate. 

And I want to offer this reflection to the BCorp community too. I’ll give you a tangible example of something that happened during the conference where I felt a lack of diversity led to stagnation. 

After opening the corporate activism track with an incredible workshop (if I may say so myself), I headed over to challenge myself to a different kind of conversation, one on impact investment and the prospect of BCorp starting its first impact fund. 

I sat silent for 40 minutes; there were a lot of established experts in the room, and let’s be honest -  finance isn’t my main interest. However, I noticed a certain type of profile dominating the conversation and statements creeping in, such as: “Well, let’s be realistic, if we can’t prove aggressive ROI, the fund simply will not work.”

I spoke up. Communities in India are dying as they risk their life for water. The government of Sri Lanka has just granted people an official day off to grow food. 1 in 25 homes in Australia are now officially uninsurable. We must find new ways of measuring impact, of valuing things in life, and of using business as a  ‘tool’ to build a better system that works for all. 

Have you seen that comic in which people sit in the desert and look to the sky and an older person says: “For a beautiful moment in time, we made a beautiful profit for our shareholders.” This is where we are headed. 

By the end of the Summit I was exhausted by the old guard ‘telling me how the world is’ - and that’s why we need new leaders within this movement. 

We need imagination, creativity and new ways of thinking to really drive this new concept of business as a force for good, and I champion Peter Blom, CEO from Triodos who had the courage to support my comments questioning that the measure of success should still be profit saying:

 “We’re not pricing things at their true cost. We need an economy where the true cost is reflected, and in which we start to price and value what matters.” Amen. 

Guest Author

Lucy von Sturmer

Founder of the Humblebrag and initiator Creatives for Climate

About

Lucy is the initiator of global non-profit Creatives for Climate, on a mission to arm creatives with the skills, knowledge and opportunities for action to tackle the climate emergency - and Founder of The Humblebrag, an award-winning thought leadership agency and training academy for change-makers on how to use visibility to drive positive impact.