Well done Warby Parker + Vision Spring. Solid example of how the “Buy One, Give One” model can be far greater than a handout.
STORIES FROM THE FIELD: Vijaya Laxmi’s shirtmaking business serves as her family’s primary source of income. When her vision began to weaken a couple of years ago, it wasn’t long before Vijaya had difficulty even threading a needle. There was nowhere for Vijaya to purchase affordable eyeglasses anywhere near her village and Vijaya had to rely on her granddaughter to help her thread needles. While her granddaughter was in school, Vijaya struggled to finish her work and it wasn’t long before Vijaya’s customers began sourcing from other seamstresses.
In September, VisionSpring visited Vijaya’s village. She received a free exam provided by a Vision Entrepreneur and found a pair of glasses that she could afford. Immediately Vijaya was back to sewing 10 shirts a day, reducing the burden on her family and restoring her independence.
— For every pair of glasses we sell, we distribute a pair to someone in need. We do this through non-profit partners like VisionSpring, who provide glasses and training to people in developing countries to start their own businesses selling glasses. These Vision Entrepreneurs directly impact people like Vijaya.
By: Henry Goldman via Bloomberg BusinessWeek
Citigroup Inc. (C) (C) agreed to pay $41 million to sponsor New York City’s bicycle-rental program, which Mayor Michael Bloomberg said will be the largest such system in the U.S. when it begins in July.
The “Citi Bike” program, presented by the mayor and Citigroup Chief Executive Officer Vikram Pandit at City Hall today, will offer 10,000 bikes branded with the New York-based bank’s logo at 600 docking stations in Manhattan and Brooklyn.
For full story click here
Maplecroft’s Climate Innovation Indexes (CIIs) – which rank 360 of the largest US companies according to their innovation of clean-tech solutions and new products, mitigation of climate change related risks and management of carbon emissions - was released earlier this morning.
The top 20 US firms are ranked below, along with their sectors:
- General Electric Co, Industrial
- Alcoa Inc, Basic Materials
- Johnson Controls Inc, Consumer, Cyclical
- Ford Motor Co, Consumer, Cyclical
- Intel Corp, Technology
- Hess Corp, Energy
- Air Products & Chemicals Inc, Basic Materials
- Praxair Inc, Basic Materials
- United Technologies Corp, Industrial
- Autodesk Inc, Technology
- Covanta Holding Corp, Energy
- PG&E Corp, Utilities
- Goldman Sachs Group Inc, Financial
- Life Technologies Corp, Consumer, Non-cyclical
- Lexmark International Inc, Technology
- Weyerhaeuser Co, Basic Materials
- Coca-Cola Enterprises Inc, Consumer, Non-cyclical
- Advanced Micro Devices Inc, Technology
- PSEG Inc, Utilities
- Applied Materials Inc, Technology
The Maplecroft Climate Innovation Indexes (CIIs) are the single most exhaustive study of the USA’s largest multinational companies are managing and adapting to climate change, with a special focus on innovation.Maplecroft rated each company against more than 100 criteria, including: technological innovation and new working practices to combat climate change impacts; management of climate-related issues; adaption to physical climate-related risks, such as flooding or more extreme weather events throughout the supply chain; and the reduction of GHG emissions.
See Fast Company’s The Companies Combatting Climate Change In The Most Innovative Ways for more details