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Loading...Ethikus: Charting the Psychic Landscape of Sustainability
Modern society is fixated on metrics—GDP, trade deficits, salary—to explain the world around us. This is the only approach for overtaxed brains to interpret a world on steroids.
Although external indicators of value dominate the discourse today, of increasing interest to consumers are intrinsic indicators of value claims Jeffery Hittner, founder of IBM’s CSR consulting practice and now founder of Ethikus—a new web-based social venture. Intrinsic indicators gauge sustainability practices by businesses that provide value to more than just the consumer, extending to the neighborhood or the entire planet. By offering local businesses a transparent platform, Ethikus is going to determine and promote relevant indicators of commitment towards sustainable practice to conscientious consumers who base purchasing decisions over more than just price.
This kind of metrics aggregation is possible only today for both technological and social reasons. Only now does the technology exist to cheaply aggregate such live-streaming information and allow the tracking of individual purchasing behavior to high resolution. Socially, this coincides with a greater awareness and interest amongst consumers to spend their money at businesses that share their sustainable values.
Most intriguing about Ethikus is its potential to provide a new framework for modern consumers’ purchasing behavior. Easier said than done, successful implementation involves negotiating between varying interests amongst consumers on one side, and discrepancies in what businesses consider to be sustainable aspects of their operations on the other. As Hittner puts it, “Everybody has a different definition of what sustainability means. Is it community engagement, employee treatment, the cleaning products used? For a bar it could be something as specific as providing intoxicated customers with a ride home.”
The initial phase of launch will have Hittner lining up businesses to participate on the Ethikus platform. The next step will be to find parity between consumer preferences and business features to provide structure to the noise, thus moving the discourse forward. At this point he is uninterested in applying his own rating system to the businesses (much to my consternation. I believe it’s a dirty job but somebody has to do it!). Instead, Ethikus will provide salient information and leave the decisions up to the consumer.
As these consumers begin voting with their wallets, other businesses in the area can see what features an increasingly successful competitor is offering—thus pushing the entire sea level of sustainability up. Consumers resonating with a business on an ethical basis are more likely to return, as well as weather price volatility. With repeat customers being the top profit generator for any business, they will compete amongst themselves to improve their sustainability practice and implementation, thus presenting a better face on the Ethikus platform.
Ethikus is currently in pilot phase in the NYU and downtown NYC area. The team includes a growing group of eight interns from across four Northeastern universities who have been helping with signing up and mapping sustainability practices for over 35 local retailers across New York’s East and West Village neighborhoods in advance of Ethikus’ launch in the next few weeks.
Businesses and consumers interested in this intriguing new platform should head to ethikus.com for more information and registration.
Read more: Ethikus, IBM Consulting, Jeffery Hittner, Sustainability metrics
Disclaimer: The views expressed above are solely those of the author and may
not reflect those of
Care2, Inc., its employees or advertisers.
Recent Comments from Causes
Thanks! I'm a geek and didn't even know it.
has anyone read in the Bible where it says man shall not lie with man as with woman
Very frightening!
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+ add your ownThanks for the info.
"Ethics".. I can see politicians running to a dictionary now.
Great idea !
Interesting. Thanks
thanks!
Such standards of sustainability already exist. CERES, a nonprofit organization that leads a national coalition of investors, environmental organizations and other public interest groups working with companies to address sustainability challenges such as global climate change and water scarcity has drawn up a list of standards and sent it out to the corporations listed in the Russel 1000. For details please go to http://www.ceres.org/company-network/ceres-roadmap/ceres-roadmap.
While this road map is addressed to both the corporations and the investor community, these same standards can guide the concerned consumer as well.
Interesting!
Thank you Abeer.
I hope it is successful.
It just sounds like a new grandiose marketing scheme to "target" consumers even BETTER than they do now, if that's possible.
thanks
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