In our podcast, we bring to you businesses that are mindful in their practices and processes. A mindful business adopts and employs sustainable social, economic, and environmental practices. Some of our past guests are Redecker, from Germany, MUDD Jeans from the Netherlands, Ricron Panels, Phool Co from India, Alabama Chanin, Reel Toilet Paper from the USA, Hinterland, Unscented Co from Canada, and Desserto from Mexico. We launched our first episode on July the 22nd., 2019 with a new episode every two weeks. Keep in touch with updates by subscribing to our newsletter at https://www.mindfulbusinessespodcast.com
FabScrap - Recycling and Reusing Textile Waste
Majority of the conversation around fashion waste revolves around finished products that end up in the landfill. But around 12 % that is around 6.3 million tonnes per year is sent by brands to the landfill in the design and development stage. These would be sample booklets with swatches and unused fabric rolls and prior to Fabscrap they ended up in the landfill. We talk with Jessica Schreiber CEO and founder of FabScrap, a non-profit whose 80% of earned income comes from service fees and fabric sales. They receive service fees from brands to Fabscrap to pick up their textile waste, similar to when they pay for recycling or trash pickup. They do this with an army of volunteers, almost 100 unique ones per month and their staff in Brooklyn and Philadelphia. Their staff take extra precautions to assure brands that their copyrighted materials are shredded and don’t reenter the market. Fabscrap also sells the fabrics to quilters, sewing enthusiasts, fashion students and assuring nothing that is picked up by Fabscrap goes to the landfill. With the long-term goal to influence habit and policy they create impact reports that they share back with their brands - how much and what fabric they picked and how was it sorted and if reused or not. Jessica believes that this makes the brands internalize the cost of their waste and may help them reevaluate and optimize their design and planning process. Learn more about this first of its kind initiative and organization on this episode of Mindful businesses.
The Buy Nothing Project - Buy Nothing, Build Community
Humans are inherently materialistic and seek happiness through objects, but what we get is enjoyment not happiness. Happiness tends to be more fulfilling and long term. Happiness often comes by connecting with your community, by sharing stories and creating trust. That is what The Buy Nothing Project does. We talk to the amazing Rebecca Rockerfeller, co-founder of The Buy Nothing Project, who started the movement with her friend Liesl Clark, as a way for community members to gift things that they don’t need any longer. But how are they different from donating, is the stories that they share with each other, that create bonds and communities. Spring is around the corner and if you are anything like me, I am overwhelmed with the clutter around me and making frequent trips to the donation sites. But maybe this Spring gift it through your neighborhood's The Buy Nothing Project. Learn more from this amazing and truly authentic co-founder Rebecca Rockefeller on this episode of Mindful Businesses.
AIRCARBON - From Greenhouse Gas to Regenerative Materials
Our planet needs greenhouse gases (GHGs) that help trap the heat and keep our planet warm and without which, the earth would be a very cold place. There are four major components of greenhouse gases (GHGs) - Carbon dioxide, Methane, Nitrous Oxide and fluorinated gasses. But why are GHGs a problem? As the GHGs increases it heats up the planet - even 1.5 degrees C increase is enough to cause significant climate change. What if we take the problem (GHGs) and use it in our solution? That is what exactly AIRCARBON does. We talk with Mark Herrema, the CEO and co-founder of Newlight Technologies, who invented a process that by feeding greenhouse gasses to microorganisms found in the ocean, is able to extract the AirCarbon and use it to replace plastic, leather, acetate and other fibers.When made with renewable power, the production of AIRCARBON is a carbon-negative process, capturing or destroying more CO2e than was emitted to make it. Unlike synthetic materials, the AIRCARBON molecule is a molecule made throughout nature, and can be re-consumed by natural microorganisms like leaves or twigs, enabling life to restore itself.Learn more about this fascinating process on this episode of Mindful Businesses.
#biomaterial #GHGs #sustainablematerial #compostable
Dr. Raghuram Rajan, The 23rd Governor of Reserve Bank Of India - Global Carbon Reduction Incentive
The Nobel prize winning economist Dr. Milton Friedman, said the business of a business is making money - but within the acceptable social norms. Dr. Raghuram Rajan, Katherine Dusak Miller Distinguished Service Professor of Finance at Chicago Booth School and he was the 23rd Governor of the Reserve Bank of India, looks into how “social norms” have changed and how the businesses need to adapt to adopt sustainable practices. May it be their impact on the planet, how they treat their employees and or make their products. He talks about how there needs to be regulations to guide and help the corporations to achieve these goals.
Further, with countries setting goals for netzero, how can we actually have a plan that is accountable and works. Dr. Rajan proposes a global incentive scheme to reduce carbon emissions. On April 19th, 2022 he presented this solution to The Coalition of Finance Ministers for Climate Action that required countries who exceed the per capita global country average for carbon emissions, estimated at 5 tons, will pay to a global carbon incentive fund. He calls this payment Global Carbon Incentives (GCI). He further explains - “this annual payment would be calculated by multiplying the excess emissions per capita by the country’s population and a dollar amount called the Global Carbon Incentive. So if the country’s population is 30 million, its per capita emission in 17 tons, and the GCI is set at $10, it would pay $30 million*(17-5)*10= $3.6 billion. Countries below the global per capita average would receive a payout commensurate with their “under-emission”.
This fund could be managed by a quasi government agency like the World Bank. Mindful Businesses is one of the first media outlets to share Dr. Rajan’s solution. Listen to it in our latest episode.
Coalition of Finance Ministers for Climate Action.
Angad Daryani - Founder - Praan
Ram Palaniappan - Founder of Earnin
#raghuramrajan, #globalcarbonincentive, #carbonemmissions, #greenhousegases, #SDGs
Kazi - All Across Africa - Woven Together
Alicia Wallace is the COO of Kazi, a Mindful Business she founded after years of working in emerging economies and seeing the need for job creation at an everyday living wage. Today, Kazi is the largest artisan employer in Africa with nearly 6,000 artisans who support 24,700 dependents. Nearly all the artists are women. Through the process, the artists become self-sufficient businesspeople, improve their economic situation and gain the dignity and sense of accomplishment that comes with it.
The items they create aren’t pieces you’ll find at just any gift shop or farmers’ market! These intricately handwoven items – including bold wall statements, multi-purpose baskets, lighting and more – are designed with fashion, home and color trends in mind, then made from all natural materials and dyes found in Africa and sold here in the US. What were the challenges in entering markets and countries who are so different than one is used to? Alicia talk about it and other challenges on this episode of Mindful Businesses.
Zoro Card - Build Credit With a Debit Card
It is really hard for a young person to their build credit. How does one navigate the complex and opaque credit rating system? We chat in this episode with Roger Morris, Co-Founder and COO of Zoro Card that hopes to help the 100 million Americans with subprime credit build credit with debit cards. Zoro Card began not as a company, but as a cause. Millions of Americans can’t access affordable credit, simply because they have never had credit in the past. Millions more are buried in debt and have no way out. Rather than help, many financial institutions profit off of people’s mistakes with hidden fees and unfair credit practices. Without good credit, everything becomes more expensive—cell phone contracts, loans, insurance rates, security deposits for utilities and rent—even job applications are affected by your credit score.
Their vision is simple, for college grads focused on building prosperous careers rather than paying off student loans, public school teachers and first responders able to afford homes, and soldiers healing from the wounds of war free from the shackles of debt - to offer a solution that's available to everyone, regardless of their credit history. Roger was so committed to be part of this solution, that he decided to drop out of college to pursue his start-up. Learn more only on Mindful Businesses.
Insightful and intelligent podcast
Vidhya your podcasts always address the pertinent issue of sustainability in our times that are easy to sideline in our daily lives. I specially love the variety of topics that you cover, your quirky observations, soothing voice, and in-depth knowledge that comes from a mindful prep! The last episode with Dr Rajan and the issue of global carbon incentives laid bare that regardless of the complexities, countries have to work together towards a common solution for future generations and our planet - amazing moderation!
This is a really great listen. Vidhya, the host of the podcast, highlights many different mindful businesses, how they employ sustainable practices, and more in this can’t miss podcast! She and her expert guests offer insightful advice and information that is helpful to anyone that listens!
Love the variety of topics covered!