REGENERATIVE ECONOMY

Regeneration today is the strategy for action, at both individual and collective level. A regenerative economy is an interdependent system constituted by diverse components that systematically create conditions conducive to the flourishing of life and the happiness of people. 

A shared and durable prosperity on a prosperous planet is the natural consequence of regeneration. In business, economy, at the personal and societal level, today regeneration guides action. To become regenerative, we must tackle the Climate Crisis, one of the most tangible symptoms of the present system failure, and a powerful common denominator underpinning economic, environmental and social challenges. The Climate Crisis is one of the most evident side effects of the present consumption based economic paradigm, relying on fossil, non-renewable energy. 

Regeneration implies a radical rethinking of shareholder capitalism, to evolve towards a stakeholder’s economy, in which all business and economic decisions create value for both shareholders and stakeholders. Ultimately, within a regenerative paradigm, profit evolves from being an end to becoming a means, at the service of humans, nature, and a fundamental nourishment for regeneration.

The Regeneration Transition

We can label businesses or economic systems as ‘extractive’ whenever they take more value - economic, social and environmental - than they create: obliged to respect shareholder’ mandate, they systematically extract and concentrate value, faster and faster. The only purpose, and reason to grow, is to create more and more value for shareholders.

Regenerative businesses create more value than they take and collectively create regenerative, sustainable and circular economic systems: they systematically revitalize humans, society, and the biosphere. Their reason for being and grow is to make people, society and the biosphere better. Eventually, this will be the only possibility because the disruption of ecological and social systems, on a densely populated planet, is happening at exponential speed and creating conditions which increasingly make it difficult for businesses to thrive. Humankind will be confronting unprecedented waves of disruption, which will be dramatically accelerating in the future: the evolution from an extractive to a regenerative business and economic paradigm is now a survival issue.

CALL TO ACTION

In joining the Parma Summit 2030, we commit to taking action at the individual and organizational level.

Individual Purpose & Regeneration Focus

The first step of the Regeneration Transition is personal: as individuals, the new leaders for the XXI century realize: a) the non-viability of the present extractive, unsustainable model; b) the opportunity to evolve to a next level, in which all human activities become regenerative. Therefore, we choose to enter a path of individual awareness and competence development about the topics at the core of the Regeneration 20|30 Summit.

 

Adopting stakeholder driven governance structures

We pledge to drive business and investors to consider all stakeholders in their governance, to be responsible for their real impacts on natural and social systems and to regenerate them. We will evaluate and whenever possible adopt new legal structures, such as the benefit corporation. 

 

Measuring the organizational Regeneration and Purpose baseline

We pledge to act in order to ignite the evolution of the organization we are part of in a regenerative sustainable and circular direction, by measuring the full “Regeneration and Purpose baseline” with the most advanced and robust standards and tools.

 

Measuring the organizational UNSDG 2030 baseline

We pledge to act in order to ignite the progress of our organizations towards the United Nations Sustainable Development Goals 2030, by measuring the “UNSDG baseline” with the most advanced and robust standards and tools. 

 


RESOURCES

 

We highlight the following frameworks and tools:

 

Benefit Corporation and Società Benefit

www.benefitcorp.net

www.societabenefit.net

 

B Impact Assessment

www.bimpactassessment.net

www.bcorporation.net

 

SDG ACTION MANAGER

www.unglobalcompact.org

 

CAPITAL INSTITUTE

www.capitalinstitute.org