How to balance social impact with B2B business goals

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Key takeaways from the 2020 LesbiansWhoTech Pride Summit

 

Balancing Financial Goals with Social Impact & Other Leadership Lessons

Rose Marcario, CEO, Patagonia interviewed by Tech Journalist Kara Swisher

While Rose Marcario, former CEO of Patagonia, speaks from a B2C perspective, she highlights important takeaways that are applicable to B2B businesses looking to balance financial goals with meaningful social impact. 

Marcario believes brands should not shy away from political issues and activism under the apprehension of wanting to please all. The role of companies in advancing social issues as a society is paramount. There is a power behind the voice of good corporate actors. For corporations that worry about being oppositional, she focuses on taking it issue by issue and focusing your business’s attention that way, to avoid polarization.

A good step for corporations looking to improve is to be part of the benefit corporation movement. Marcario explains that a benefit corporation is designated to a company that organizes against a specific legal framework and takes an assessment where a certain score certifies the business in areas such as governance, the environment, community impact, etc. Marcario believes that this process holds corporations to an important standard that promotes growth and allows for better corporate citizenship that directly has a positive impact on employees.

For Marcario, corporations must take an active role, otherwise its complicity destroys democracy that damages society as a whole. Businesses need to do something actionable.

To connect with Rose Marcario, get in touch with her via Linkedin.

 

Next steps:

This blog post is part of Brainrider’s Key takeaways from the 2020 LesbiansWhoTech Pride Summit series. Read the rest of the series here:

 

Watch the rest of the keynotes from the LesbiansWhoTech Pride Summit here. They have been made available their Facebook and Linkedin

If you would like to learn more about LesbiansWhoTech, please visit their website and follow them on their social media channels on Twitter, Instagram, Facebook, and Linkedin.

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About Brainrider

Brainrider is a B2B marketing and creative agency. We help clients hit KPIs by providing B2B marketing execution services through an on-site & off-site resourcing model to fill capacity and capability gaps. We’re focused on helping you achieve your business objectives and identifying opportunities for continuous improvement so you’ll always stay ahead of the curve. Get in touch here.

All images courtesy of LesbiansWhoTech Pride Summit.

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