A positive innovative business defines a need and a way to help a particular cause that leads to only positive outputs. More traditional businesses also define a given need but whilst that may help people, their sole purpose isn’t to make the company an overall positive benefit. The traditional business model has a single point of focus to their everyday operations - profit - whilst social impact entrepreneurs have to combine their twin focuses of purpose with profit. It’s a constant balancing act that old school businesses haven’t needed to make.
YESRUD is a youth-led farming and energy CBO intent on creating income generating opportunities for its residents in the eastern district of Kumi, Uganda. Their outreach is in the form of farmer groups, a type of nonprofit group formed by local smallholder farmers with a co-operative oriented goal of accessing extension services, like easier and better access to market, credit, farming technologies, mobilization and even policy formulation.
In a renewed call to action, over 100 leading renewable energy players, as members of the International Renewable Energy Agency (IRENA) Coalition for Action, urge governments to correct course. By placing a renewables-based energy transition at the heart of an economic recovery from COVID-19, governments can foster bring economic resilience and secure a climate-safe future.