Markets: Reform or Rebuild

Video Description

This panel at the Skoll World Forum 2011 was called Markets: Reform or Rebuild. Social entrepreneurs working to transform markets offer tremendous promise for large scale change. Strategies vary, with some working within the existing system by creating new standards and certification mechanisms. Others, however, deliberately choose to create entirely new markets. Here, four of the world’s leading innovators talk about strategy, inherent risks, core competencies and the impact achieved in working with markets.

Speakers

  • Founder and CEO, Arzu
    Connie Duckworth founded ARZU, Inc. in 2004 and serves pro bono as Chairman and Chief Executive Officer. She is a retired Partner and Managing Director of Goldman, Sachs, & Co., where she was named the first woman sales and trading partner in the firm’s history during her 20-year career. The recipient of numerous awards for leadership and advocacy, Ms. Duckworth was named a 2008 Skoll Foundation Honoree for Social Entrepreneurship.
  • Founder & CEO, Fair Trade USA
    Paul Rice is Founder and CEO of Fair Trade USA, the internationally-acclaimed social enterprise and leading certifier of Fair Trade products in North America. He launched the award-winning nonprofit organization in 1998 after spending 11 years organizing farmers in the highlands of Nicaragua. There, he founded and led the country's first Fair Trade coffee export cooperative, which introduced him to the transformative power of market-based approaches to sustainable development. Paul then returned to the United States to obtain his MBA from Berkeley Haas with the dream of bringing Fair Trade to consumers, businesses and farmers worldwide. People called him crazy in the beginning, but Paul had a bold vision for Fair Trade: from his years in Nicaragua, he knew that farmers and workers could learn to navigate the global market and empower themselves on a journey out of poverty. He believed that business could become a major force for social and environmental change, creating “shared value” and sustainability with profitability. He envisioned a consumer awakening and recognition that everyday purchases can impact the world for the better. In short, Paul believed deeply that the FairTrade movement would have a major impact on the world and also help propel a much larger, lasting shift toward Conscious Capitalism. Twenty years later, Fair Trade has grown into a widely-known and increasingly mainstream consumer trend that is rapidly approaching an inflection point. In 2016, consumer recognition of the Fair Trade Certified label reached 67% and U.S. retail sales of Fair Trade products grew to an estimated $6 billion.
  • Co-Founder & President, Kiva
    Premal helps lead Kiva.org —a crowdfunding website that connects people through lending to alleviate poverty. Since 2005, over $1B in philanthropic loans has been crowdfunded to millions of underserved entrepreneurs in 90 countries — with a 96% repayment rate. The site has been named as one of Oprah's Favorite Things and a Top 50 Website by TIME Magazine. Premal's inspiration came while volunteering in India while on leave from PayPal, where he had been an early employee. Premal began his career as a management consultant and graduated from Stanford University. He’s passionate about making it easier for anyone to discover their own power to make real impact. He serves on the Board of VolunteerMatch.org & Watsi.org — a crowdfunding for developing world health care site. For his work as a social entrepreneur, Premal was named a Young Global Leader by the World Economic Forum and selected to FORTUNE magazine’s “Top 40 under 40″ list.
  • CEO, ClearlySo
    Rodney Schwartz is CEO of ClearlySo (www.clearlyso.com) the world’s first marketplace for social business & enterprise (SBEs), commerce and investment, which connects more than 2,000 SBEs with capital and other key resources. Schwartz advises leading UK social enterprises, such as the HCT Group, lectures at the Saïd Business School, Oxford, and is on the board of the Ethical Property Company and The Green Thing (Chairman). He is former Chairman of Justgiving and Shelter. Schwartz’s background is investment banking and venture capital.
  • Rupert Howes Chief Executive Rupert Howes has served as Chief Executive of the Marine Stewardship Council (MSC) since October 2004. He oversees the organization to ensure that it achieves its mission to contribute to the health of the world?s oceans by recognizing and rewarding sustainable fishing practices, influencing the choices people make when buying seafood, and working with conservation and industry partners to make the global seafood market environmentally sustainable. Prior to joining the MSC, Rupert worked as the Director of the Sustainable Economy Programme at the Forum for the Future, an influential UK-based sustainable development organization that partners with business, capital markets, governments, and others to accelerate the transition to a more sustainable way of life. Rupert previously worked as a Senior Research Fellow at the Science Policy Research Unit at Sussex University, and a Research Officer at the International Institute for Environment and Development. Rupert has been internationally recognized for his work to promote sustainable fishing practices. In 2014, Rupert was awarded a Schwab Foundation Social Entrepreneurship Award, which recognizes leaders in sustainable social innovation. In 2009, he received the World Wildlife Foundation?s ?Leaders for a Living Planet? Award, which recognizes individuals who make a significant personal contribution to the conservation of the natural world and sustainable development. He also received a Skoll Award for Social Entrepreneurship in 2007 for his contributions in establishing the MSC as the world?s leading fishery certification and eco-labelling program. Rupert earned an M.Sc. in Environmental Technology from Imperial College London, and a B.A. in Economics (with honors) from Sussex University. He also qualified as a Chartered Accountant with KPMG.