I just finished reading the book “We First: How Brands and Consumers Use Social Media to Build a Better World” by Simon Mainwaring (@simonmainwaring). I first learned of the book when GM brought Simon to Detroit, where he gave a presentation to 313 Digital members. Prior to attending this event I had already met Lars Lewander (@springwateram) of Spring Water Asset Management who helps people manage their assets while making a positive impact on their community and the world and took an interest in Corporate Social Responsibility (CSR).
While I already believed in the power of CSR and Socially Responsible Investing (SRI), this book gave me further insight and strengthened my beliefs. It is full of amazing facts and solutions. I recommend it to anyone who is interested in sustainability, philanthropy, social media, investing or business management.
Here are some of the astonishing facts detailed in the book:
- Ethisphere found that 100 corporations it selected of it’s list of the World’s Most Ethical Companies have outperformed the FTSE and the S & P indexes delivering a 53% ROI between 2005 and 2010.
- Corporate donations from CRM have risen exponentially, from zero in 1983 to $125 million in 1990, and have skyrocketed to $1.52 billion in 2008. (International Events Group study)
- Currently there are 4.6 billion cell phones in use, with 10 billion expected by 2015. Mobile technology is opening up formerly impoverished areas in many of the least developed countries.
- Nearly 800 million people in the world are illiterate.
- 1 billion children live in poverty worldwide, roughly 1 out of every 2 children.
- It is estimated that by 2050 there will be 9 billion people on Earth. If all 9 billion people satisfied their self interests like us consumers in the developed world, the world’s resources could not support it.
The book also brought the iPhone app GoodGuide to my attention, as well as many other handy apps, sites and indexes. I especially enjoyed Chapter 9 which included many insightful examples of how contributory consumption can be applied to the real and virtual marketplaces, both on- and off-line, through social and mobile transactions and games.
Simon urges us to join the We First movement and put each other first by changing capitalism.
Many thanks to Simon and Lars for opening my eyes to CSR. What a fantastic time we live in. Let’s each and all make a difference simply by making smarter choices as consumers to preserve our precious resources for future generations and help solve the world’s problems!
Watch the We First video produced by Troika






