A Seat at the Table
After I was screened for security, I was awarded a tag that read "Escort Required," which meant that I couldn't walk to the bathroom unattended. The last time I was in a federal building, it was a jail, following my arrest for protesting Bush's inaction on global warming. This time, Obama's transition team was soliciting my (and many other's) input on shaping its policies in regard to sustainable business.
Jonathan Greenblatt, who worked in the Clinton White House before he founded Ethos Water and then became president of Good magazine, invited me. A few months ago, Jonathan visited us in Vermont, to discuss business synergies. Now he's pitching in to work with the White House's "Social Innovation Team," which is developing an "innovation agenda" in the areas of science, education, research, health, energy, public/private partnerships, new media, and public service.
Most of the time, I try to avoid government officials. If someone from the federal government showed up at our office, he wasn't there to help. But this time, I had a seat at the proverbial table, with people who wanted to grow the sustainable economy. It certainly feels like the dawning of a new era.
The transition-team members stressed the themes Obama focused on during the campaign: transparency, openness, and being inclusive. When I asked about what they'll do about Exxon's billion-dollar-a-month subsidies, they were a little less than open, as the question went unanswered. But in fairness, they still aren't in office. They're asking questions -- there's still a few more days before they'll have to start providing answers.
Some of the others who joined us at the meeting included Seth Goldman (founder of Honest Tea), Julius Wall (from the Greystone Bakery), Deb Nelson (from the Social Venture Network), and Alisa Gravitz (from Green America, formerly Co-op America). Gary Hirshberg (CEO of Stonyfield Farm) called in on the phone. Around a half dozen administrative staffers sat in on the two-hour dialogue.
Admittedly, this was one of just hundreds of meetings comprised of thousands of people, all of whom are seeking to help and influence the new administration. But we talked about big, awe-inspiring ideas: creating a National Institute of Sustainability; increasing short-term capital gains rates to 90%; eliminating long-term capital gains on small, sustainable businesses; creating a bundle of tax incentives for sustainable businesses -- incentives that would range from tax credits for new, "green" jobs to increased access to low-cost capital.
When it was my turn to present, I focused on four core issues:
- Mandatory, GRI-based Corporate Responsibility reporting
- Eliminate tax incentives that support environmentally damaging industry (i.e., Exxon)
- Reform the metrics we use to evaluate the health of our society & our economy. Replace the GNP with the Gross National Happiness Index.
- Develop a road map to transition to full-cost accounting (which will prevent companies from externalizing costs) and level the playing field for responsible businesses
Where will all this lead? It's too early to tell. But it seems like the chance of a lifetime to revolutionize the role that business plays in society. I came away cautiously optimistic.
Other topics I will cover in my follow-up memo to the administration will include:
- National health care that's not linked to employment
- Publicly financed elections
- Incentivize employee ownership through additional tax benefits and ESOP financing
- Complete the Attorney General's new environmental marketing guidelines and then ensure compliance
- Prevent shareholders who haven't held stock in a company for at least one year from voting their proxy.
- Dramatically increasing short-term capital gains rates.
- Limit senior management salaries to 50 times that of the average employee in the company
- Encourage multi-stakeholder coalitions that bring together business, labor, NGOs, community groups, and religious organizations, and insist they resolve critical issues (i.e., sustainable palm oil, cocoa)
- Teach systems thinking in public schools
- Invest in education and place economic value in the caring professions: teaching, nursing, homemaking, elder care.
What are your priorities? I'd really welcome your feedback.








