Social Enterprise – Page 4 – Hunt Institute for Engineering & Humanity

September 23, 2020November 1, 2023

Is it Time to Reimagine Our Capitalism?

Brands Find Sustainability Moving to the Top of Major CSR Initiatives

Capitalism is defined as “an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor” by Wikipedia. The power of our free-market economy has been corrupted by inequalities in part by the rise of monopolies, duopolies, and oligopolies. Is it time to reimagine what our capitalism is today?

Back in 2012, Mindy Lubber, CEO and president of Ceres, a sustainability nonprofit organization, wrote an article in Forbes titled, “Ending Quarterly Capitalism”. Quarterly capitalism is a form of capitalism that focuses on short-term performance and delivering value for shareholders. In the article, Lubber shares that since CEO’s are incentivized based on quarterly or annual company performance, most are reluctant to invest in decisions that may benefit the company in the long run. However, she predicts that with growing risks related to climate change, CEO’s will be forced to consider the long-term implications of their business decisions.

Likewise, in 2016, Dominic Barton, global managing partner at McKinsey & Company, Dr. Dezso J. Horvath, dean of the Schulich School of Business at York University, and Matthias Kipping, chair of business history at the Schulich School, released a book titled “Re-imagining Capitalism: Building a Responsible, Long-Term Model.” In it, they question whether America’s current form of capitalism is still creating wealth and benefiting a majority of citizens. The authors argue that quarterly capitalism is to blame for the significant discrepancy between the rich and the poor, and they echo Lubber’s sentiment that opportunities for long-term value creation have been ignored in the pursuit of short-term profits. Despite these problems, in an interview with McKinsey, Horvath shares optimism for the future based on the upcoming generation’s awareness of social and environmental issues. The upcoming generation understands the vital importance of sustainability — the balance between society, economy, and the stewardship of the environment.

Now, in 2020, with the global coronavirus pandemic, increasing natural disasters due to climate change, and the compounding effects of racial oppression in America, the examination of our current representation of capitalism in our economy has once again been brought to the forefront.

The Omidyar Network, a social change venture co-founded by Pierre Omidyar, founder of eBay, proposes a five-pillar approach to reimagining capitalism in America. The Omidyar Network seeks to create a more democratic form of capitalism by: 1) grounding the economy in new ideas, shared values, and inalienable rights 2) building an explicitly anti-racist and inclusive economy 3) creating counterweights to economic power 4) rebalancing the relationship between markets, government, and communities and 5) building a resilient economy that accounts for 21^st century context.

Rebecca Henderson, Harvard Business School professor and economist, also posits in her new book, “Reimagining Capitalism in a World on Fire”, that now is the time to build a more equitable and sustainable version of capitalism.

Additionally, The World Economic Forum is calling for a “great reset”, stating that the coronavirus pandemic presents the world with a unique opportunity to redefine our economic and social systems to create a more equitable, sustainable, and prosperous future.

As Richard Davies, economist and fellow at the London School of Economics, stated in this article in the Organization for Economic Cooperation and Development (OECD) Forum, “The COVID-19 pandemic is a reminder that economics is a discipline that we must constantly renew and improve”.

If you are interested in being a part of a network of like-minded professionals who are working to leverage market principles and social entrepreneurship for a more inclusive economy here in Dallas, consider joining the Inclusive Economy Consortium (IEC). Cofounded by Dr. Eva Csaky, Executive Director of the Hunt Institute, and Anna Clark, President at Heirloom Digital, the IEC empowers change agents from the private, public and non-profit sectors to connect, share and act.

To read more about the Hunt Institute’s work to develop future-focused solutions to some of the world’s biggest problems, please click here. For the latest news on the Hunt Institute, follow our social media accounts on LinkedIn, Facebook, Twitter, and Instagram. We invite you to listen to our Podcast called Sages & Seekers. If you are considering engaging with the institute, you can donate, or sign-up for our newsletter by emailing huntinstitute@smu.edu.

September 16, 2020February 28, 2022

Clara Rulegura Ford, Social Enterprise 2021 Cohort Entrepreneur

Clara Rulegura Ford joined the Hunt Institute’s Social Enterprise Program as a social entrepreneur in the 2020 Cohort. Clara is the Founder and CEO of Kijiji Innovative Sustainable Solutions (K.I.S.S.)

With a lust for life and affinity towards advancing sustainable development, Clara Rulegura Ford, CEO of Kijiji Innovative Sustainable Solutions (K.I.S.S.), joined the Hunt Institute’s Social Enterprise 2021 Cohort as a Social Entrepreneur, with aspirations of encouraging sustained economic development.

A multifaceted individual, Clara Ford is an alumna of the Clinton Global Initiative University and has earned a bachelor’s degree in Accounting as well as a dual master’s degree in Applied Economics and Sustainability & Development from SMU. She is currently a Senior Associate Examiner for the Federal Reserve Bank of Dallas and has over 10 years of experience in commercial lending and the financial industry.

Clara grew up in Tanzania, and she aspires to generate real solutions to sustainability issues in order to inspire locals to be able to lift themselves out of poverty. From a young age, her parents had instilled in her the importance of public service and giving back. Given this inspiration, Clara founded her nonprofit organization — Kijiji Innovative Sustainable Solutions (K.I.S.S) — with her former economics professor at SMU, Dr. Thomas Osang. K.I.S.S aims to promote development in rural Tanzanian villages through education, community activism, sustainable initiatives, and youth and women empowerment. Plans to implement these initiatives are highlighted through her current project’s focus: the buildout of K.I.S.S. Training and Education Center in the village of Kasisa in northern Tanzania.

In the summer of 2020, Phase 1 of her Kijiji project was completed through a partnership with Hunt Institute Fellow Dr. Jessie Zarazaga and the Institute’s Global Development Lab. The focus was on the development of a sustainable fence for the community center she aspires to build in Kasisa.

Now, her project has turned to the center’s initiatives, to focus on the following nine training and education projects: sustainable and durable housing, energy efficiency, renewable energy, clean water access, toilet design & sanitation system, sustainable agriculture & aquaculture, garbage reduction & recycling, education & vocational training, and health care. Collectively, these development programs hope to reduce rural poverty and significantly improve the quality of life for local rural communities.

Her nonprofit’s logo “means ‘help me to help you’, a symbol of cooperation and interdependence,” says Clara Ford. “That’s what K.I.S.S. is all about. To bring about sustained economic development through cooperation and interdependence between us, our partners, and the communities we serve.”

In partnership with SMU’s Sustainability + Development Program (S + DP), the Hunt Institute for Engineering and Humanity, and three universities in Tanzania, Clara’s team launched an architectural competition for the design of the Rulegura Centre. Winners were announced over the summer months and the finalists were exhibited in the Hunt Institute in the spring of 2021. Most recently, an update of this competition was released in the fall of 2021.

Clara discussed her passion for her impact work saying, “I wouldn’t be here where I am today if not for all the people who have helped me along the way. The Kijiji Project is one of the ways for me to pay it forward. Along the way I realized it will take a diverse model that brings all stakeholders together, to work in symbiosis to better address problems that are unique to each locale. Through Kijiji Innovative Sustainable Solutions, we have a platform to do that. The partnerships we make with various institutions, NGOs, businesses and individual volunteers together with the communities we try to help make a ‘mastermind’ necessary to generate real solutions that will empower the locals in the long run to lift themselves out of poverty.”

Stay tuned to the Hunt Institute Digest for updates on the Kijiji project and for more examples of social entrepreneurs.

September 8, 2020February 28, 2022

A Food System in Crisis

Sustainable farming and best practices for a better food system

Fighting climate change and food insecurity are two core issues addressed by Dr. Eva Csaky, Executive Director of the Hunt Institute, co-founder of the Inclusive Economy Consortium (IEC), and creator of the Texas Sustainable & Inclusive Food System Coalition. These organizations are working together to address a food system that is in crisis. Social entrepreneurs working locally, like Dr. Owen Lynch founder of Restorative Farms, are also paramount in addressing these issues as we adjust to the disruption in our global supply chain by the COVID-19 pandemic.

Two weeks ago, The Guardian published an article by Tom Philpott with the alarming headline, “Unless we change course, the US agricultural system could collapse.”

Philpott explains that California is responsible for growing a significant portion of the country’s vegetables. In fact, according to the USDA 2017 Census of Agriculture, California comprised 42% of total U.S. vegetable sales. Moreover, California had 1.2 million harvested vegetable acres in 2017. The problem is, with global warming, that supply has been and continues to decline. In years when there is little precipitation, farmers tap aquifers to fulfill their irrigation needs. Unfortunately, this process causes the ground to gradually sink, a phenomenon called subsidence. Subsidence, in turn, damages the canals that carry the melted snow of the Sierra Nevada to farms in the area. And thus, we have a vicious cycle that continues to negatively affect the water supply available to California’s farmers.

The state of Iowa comprises 7% of US agriculture sales, according to the USDA 2017 Census of Agriculture State Profile. With its fertile topsoil, called mollisol, Iowa is a great place for farming. However, again due to climate change, more intense weather patterns have put extra pressure on the soil. Also contributing to the loss of mollisol is the fact that Iowa primarily grows only two crops – corn and soybeans. The article cites the soil scientist Rick Cruse, who found that “Iowa is losing soil at a rate 16 times the pace of natural replenishment.”

There is not a simple solution to the food system in crisis. Complex issues require complex solutions. Philpott proposes that other areas of the US should increase their fruit and vegetable production, and Iowa farmers could diversify their crops rather than accepting payment to overproduce corn and soybeans. Others theorize that technology-based growing systems like hydroponics that enable vertical farms would significantly reduce the agricultural footprint. The implementation of these solutions should be collaborative and sustainable in practice.

Fighting climate change and food insecurity go hand in hand. At the Hunt Institute, we are working toward finding solutions in collaboration with farmers. Through collaboration, the IEC, Hunt Institute, scientists, agriculturalists, and farmers can come together to share knowledge and experiences in order to create sustainable solutions that achieve climate and food justice. Read more about the Texas Sustainable & Inclusive Food System Coalition and their founding members to find out how you can engage.

September 2, 2020February 28, 2022

What does it take to become a social entrepreneur?

Social Entrepreneurs characteristics and how to become a social entrepreneur

What does it take to become a social entrepreneur? Previous blog posts in the Hunt Institute Digest have outlined that a social entrepreneur is someone who seeks to drive positive social or environmental change in their community.

Across a myriad of reputable sources, it is commonly agreed upon that social entrepreneurs identify a problem in society that they are passionate about, develop a creative solution to address that problem, and establish an organization that persistently pursues that mission. There are many other aspects to social entrepreneurs but we will focus on these three in this post.

PASSION: Social entrepreneurs are invested in their organization’s mission. They are determined to see their dream become reality and will take the necessary risks to achieve their goals. Social entrepreneurs care deeply about improving their community.

A Forbes article titled “5 Social Entrepreneurs On How To Turn Your Passion Into A Successful Impact-Driven Business” by MeiMei Fox gives an example of a passionate entrepreneur, founder & CEO of SunPoynt Energy, Kennedy Lamwenya. Growing up in rural Kenya, Lamwenya and those in his community did not have access to reliable electricity. His parents struggled to afford the kerosene the family relied on for light and it often ran out of fuel before Kennedy completed his schoolwork. These challenges inspired Lamwenya to found SunPoynt Energy which brings solar-powered TVs to rural areas in Kenya. The TV systems give Kenyans access to light, cell phone charging ports, news, educational programs, and entertainment.

CREATIVITY: Social entrepreneurs approach problems differently than most. Instead of accepting the way something is, they challenge and question why it can’t be better. They have an ability to look at issues from multiple angles and develop innovative solutions.

A Cause Artist article titled “The 35 Social Entrepreneurs To Watch For In 2019” by Grant Trahant examines Clarence Tan, a creative social entrepreneur and founder & CEO of Boddle Learning, an edtech company. His platform allows elementary school students to learn and practice math skills in an engaging game-based format. Boddle uses a unique, adaptive learning algorithm so that each student receives differentiated questions specific to their learning needs.

PERSISTENCE: Social entrepreneurs face many challenges, especially in the early stages of building their social enterprise. They must persist through these obstacles by learning from mistakes, adapting to make improvements, and connecting with others who can support their mission.

Robin D. Schatz in her Forbes article titled “How A Social Entrepreneur Overcame His ‘Arrogant Failure’ And Won Kudos From Oprah”, describes how Gavin Armstrong demonstrates persistence. Armstrong is the founder and CEO of Lucky Iron Fish whose organization’s mission is to eliminate iron deficiency, which affects almost 3.5 billion people globally. The solution is a fish-shaped cooking tool. Dropping the product into your cooking water for 10 minutes provides 75% of the daily requirement of iron. When the company opened for business in Cambodia, they expected their affordable product to sell well. However, they only sold about one fish per month. Instead of giving up on the idea, what Armstrong realized is that the organization needed to build trust in the community before they can expect citizens to purchase their product. By partnering with established NGOs in the community, Lucky Iron Fish built its credibility and has now helped over 10,000 families in Cambodia with iron deficiencies.

Early-stage social entrepreneurs are catalytic innovators who produce disruptive innovations, but often face momentous obstacles. The Hunt Institute‘s Social Enterprise program is designed to support high potential social entrepreneurs during the initial phases of development. Do you have what it takes to become a successful social entrepreneur?

August 24, 2020February 28, 2022

Spotlight on Local Dallas Entrepreneurs: Yulise Waters

Spotlight on Local Dallas Entrepreneurs: Yulise Waters, Deputy Director at Lone Star Justice Alliance

This week, the Hunt Institute would like to spotlight another member of the Inclusive Economy Consortium (IEC) Leadership Council and Hunt Institute Fellow, Yulise Reaves Waters. Ms. Waters is the Deputy Director at Lone Star Justice Alliance (LSJA), a nonprofit legal organization that improves the lives of youth and emerging adults in the justice system. She is responsible for overseeing and developing the Transformative Justice Model operating in Dallas County (SCCIP) and Williamson County (RISE). This multi-disciplinary program for emerging adults (ages 17-24) identifies and addresses the unmet needs which contributed to their involvement in the criminal justice system in order to reduce their likelihood of recidivism. As an executive team member, Waters also helps leads LSJA’s strategy, operations, and development.

Waters states that the most rewarding part of her job is getting to be a part of systemic change in the criminal justice system and collaborating with others who are equally as passionate about this work. One challenge, she points out, is the double-sided nature of innovation and change. “The system, unfortunately, was designed to get the results we are getting. Consequently, the whole thing needs to be overhauled and reimagined. The process of change and innovation makes this work both attractive and challenging. Vision casting and implementation is never easy,” Waters explains.

But being an innovator is a part of Waters’ DNA. Her dad, “Smokey” John Reaves, founder of family owned and operated Smokey John’s BBQ, was an entrepreneur, and she has been involved with start-ups for the majority of her life. “There is uncertainty and chaos that comes along with being a social entrepreneur,” Waters shares. Thus, her best advice for future social entrepreneurs is to remain flexible in the pursuit of your mission and always remember your ‘why’. For Waters, the why is her unwavering belief that all human life is valuable. “The number of lives that are marginalized, discounted, and thrown away by our criminal justice system is a travesty,” she expresses, “Everybody deserves an opportunity to be successful.”

You can read more about Yulise here and about the important work of the Lone Star Justice Initiative here. Stay tuned to the Hunt Institute Digest for more examples and case studies of social entrepreneurs.

August 18, 2020February 28, 2022

Youth Up Next!

Over the coming weeks, the Hunt Institute Digest will feature various members of the Inclusive Economy Consortium (IEC) Leadership Council, and the important work they are doing in the Dallas community. This week, we feature Candice Bledsoe, PhD., Executive Director of Action Research Center & Founder of the Collective. This Global Development Lab project focused more specifically on the Action Research Center’s Young Social Innovators & Social Entrepreneurs Program to create a young entrepreneurial toolkit called Youth Up Next. The Young Social Innovators & Social Entrepreneurs program is designed to foster creativity, innovation, and social entrepreneurship in Dallas/Ft Worth Area. Furthermore, it is to enhance student’s leadership abilities through exposure to and practice with a broad array of leadership tools and concepts that emphasize self and group awareness, interpersonal communication and insightful analysis of resources and systems.

Youth Up Next is a toolkit designed to help student be change agents. Undergraduate Research Assistant Cambria Lewis is the project leader over the toolkit that offers turnkey solutions to the next generation. “The toolkit includes valuable information that is needed to for them to use social entrepreneurship as strategy to make change, “ says Lewis. The Assistant Director of the Hunt Institute and Portfolio Manager of the Global Development Lab, Corrie Harris says, “From stories of student entrepreneurs working with SMU’s Office of Engaged Learning to funding models for social entrepreneurs, the Youth Up Next toolkit is a great resource for young people.”

“Creativity and innovation are a major component of social entrepreneurship. As I continue to support the underrepresented, I believe that students can play major role as change agents. They are very creative, innovative, and smart. The Youth Up Next toolkit plays a major role in providing resources to help these young social innovators and social entrepreneurs make change in their communities,” says Dr. Candice Bledsoe.

As a Fellow in the Hunt Institute, Dr. Bledsoe helps shape the communication in the Institute’s various initiatives like the Social Enterprise. She teaches, “Storytelling and being a change agent go hand in hand.” As the executive director of the Action Research Center, she believes that it is essential to equip young change agents with tools to be successful. The center promotes personal development, academic excellence, and social change. They equip students, parents, teachers, and community leaders with the knowledge and skills to become change agents. Due to COVID-19, Dr. Bledsoe and the Action Research Center had to pivot to reach their students, teachers, and community leaders. After a decade of having the Cutting Edge Youth Summit conference, this year the Virtual Cutting Edge Youth Summit reached their stakeholders online.

To read more about the Hunt Institute’s work to develop future-focused solutions to some of the world’s biggest problems, please click here. For the latest news on the Hunt Institute, follow our social media accounts on LinkedIn,Facebook, Twitter, and Instagram. We invite you to listen to our Podcast called Sages & Seekers. If you are considering engaging with the institute, you can donate, or sign-up for our newsletter by emailing huntinstitute@smu.edu

August 10, 2020February 28, 2022

The Importance of Social Enterprises

If social enterprises are on the rise, should corporations address societal issues?

A year ago, the Business Roundtable, an association of CEOs from major American companies, issued a statement redefining the purpose of a corporation as serving all stakeholders and no longer just delivering value to shareholders. Harvard Business Review argued that one reason for this shift was because a profit-maximizing focus does not incentivize businesses to tackle the many challenges facing the world today like climate change, inequality, resource scarcity, and so forth. Even prior to this statement, a 2018 Deloitte study cited a trend towards enterprises increasing their focus on social impact.

Of course, today, the world is faced with an even more pressing challenge, the coronavirus pandemic. “This crisis has only sharpened the need for the work of social enterprises by laying bare the cracks in our systems, from healthcare to employment disparities, to upended education and gutted livelihoods,” says the SKOLL Foundation. Now, in the wake of the pandemic, is the time to solidify this idea that corporations don’t exist solely to serve their shareholders. The World Economic Forum shares that, “We can now explore an entrepreneurial way of life where enterprise can help communities across the globe solve socio-economic problems while being true to market forces. Maybe it is time for individual enterprise and collective purpose to work in harmony.”

Over the course of the last 5 months, we have seen many examples of established corporations as well as smaller-scale social enterprises taking this purpose to heart and doing their part to combat the pandemic. A couple of specific examples…

T-Mobile was ranked by JUST Capital and Forbes as 5^th out of the 100 largest U.S. corporations for their response. In addition to more paid time off and a relaxed attendance policy for their employees, the company was part of an effort to provide hospitals across the nation with 40,000 phone chargers.
In Colombia, Fundación Capital, a nonprofit social enterprise, updated its virtual assistant to provide reliable information about the pandemic and tips for managing personal finances during a time of crisis.

As the UN Secretary-General Antonio Guterres stated, “Now more than ever, as big decisions are made about our future, companies need to address environmental, social and governance risks holistically and move beyond business-as-usual.”

To read more about the Hunt Institute’s work to develop future-focused solutions to some of the world’s biggest problems, please click here. For the latest news on the Hunt Institute, follow our social media accounts on LinkedIn,Facebook, Twitter, and Instagram. We invite you to listen to our Podcast called Sages & Seekers. If you are considering engaging with the institute, you can donate, or sign-up for our newsletter by emailing huntinstitute@smu.edu

August 3, 2020February 28, 2022

Common Challenges Faced by Social Entrepreneurs

Social entrepreneurs are key to directly addressing social needs in under-resourced communities. But early-stage social enterprises face momentous obstacles. The single largest obstacle is, of course, access to funding. As the Rockefeller Philanthropy Advisors points out, “For philanthropists accustomed to more traditional grantees, funding social enterprises can feel like entering uncharted territory. Donors might find themselves intrigued by the potential for change, and yet, at the same time, unsure of what to expect in a field where the unexpected is the norm.” In the 2019 Halcyon Social Enterprise Ecosystems report, almost 20% of the 624 social entrepreneurs interviewed stated that they self-financed their enterprise or relied on the support of family and friends.

Another challenge that social enterprises face is measuring their social impact. According to a 2008 report from the Center for Advancement of Social Entrepreneurship (CASE), “Impact assessment is still a crude and inexact science.” The fact that it is difficult to quantify a social enterprise’s value creation only exacerbates the first challenge of receiving funding because potential investors are looking for evidence that their investment will indeed affect change.

The above obstacles lead to yet another common problem faced by social entrepreneurs: the ability to scale. CASE identified in its research that, “There is a huge gap between early stage, seed funder money and later stage, multi- million funding.” Many investors are interested in funding the next big idea rather than investing in the expansion of an established social enterprise. Moreover, the Miller Center for Social Entrepreneurship identifies that constraints in supply chain, restraining government policies, or lack of partnership opportunities can limit the ability of a social enterprise to expand.

The objective of the Hunt Institute’s (HI) Social Enterprise Program (SEP) is to support social entrepreneurs in overcoming these obstacles in order to accelerate their social value creation. HI’s SEP provides early-stage social enterprises with a program and toolbox designed to empower them to obtain funding as well as access to a multidisciplinary network of experts and business mentors.

To learn more about the Social Enterprise Program, visit smu.edu/socialenterprise. For more case studies and examples, stay tuned to the Hunt Institute Digest.

July 28, 2020September 17, 2020

Social Entrepreneurs: Stories of Resilience

SOCIAL ENTERPRISES INNOVATING IN RESPONSE TO COVID-19: It goes without saying that the coronavirus pandemic has significantly impacted businesses and social entrepreneurs around the world. We have collected three stories of resilience about innovative social enterprises that have successfully adapted their business models during this time of crisis. The worst of times can bring out the trueness of character. For these social enterprises, that character is evidenced in finding ways to give and impact people’s lives irregardless of the obstacles in their way.

Our first example is Restorative Farms which is a part of the Hunt Institute’s Social Enterprise Program. Restorative Farms effectively transitioned the focus of their operations to selling Victory GroBoxes. With the profits from the GroBoxes, Restorative Farms is able to continue accelerating its mission – to foster a vibrant and viable community-based urban farm system in South Dallas, a community that needs better access to fresh food and employment opportunities. Restorative Farms dedicates 10% of GroBox revenue to provide boxes for community members in need. To date, Restorative Farms has supplied 52 Victory GroBoxes, full of fresh produce, to the South Dallas community.

Secondly, we focus on PichaEats, a catering company based in Malaysia whose mission is to empower refugees by training them as professional chefs so that they can earn a living and support their families with dignity. With in-person events no longer taking place, PichaEats had to figure out another way for the chefs’ meals to reach the community. Through the ZaZa Movement, PichaEats chefs were able to cook from home and deliver meals to front-line workers and those who had lost their jobs. To date, the organization has distributed almost 15,000 meals.

Finally, we share the story of Change Please, a UK-based social enterprise that supports people out of homelessness by training them to become baristas and providing them with a job at one of the organization’s coffee shops. In addition to paying for the baristas’ wages, the profits from the coffee shops also go towards paying for housing and counseling. In the wake of the lockdown, Change Please, with the support of corporate partners, moved their operations to hospitals, serving free coffee to front-line workers. Although the organization is unable to operate as usual, this innovative change allowed the baristas to continue working and receiving a living wage.

To learn more about the Hunt Institute’s Social Enterprise Program, visit smu.edu/socialenterprise. For more case studies and examples, stay tuned to the Hunt Institute Digest.

July 20, 2020February 28, 2022

Sustainable Food Systems

The Hunt Institute’s Social Enterprise Program is a social enterprise incubator focused on developing and improving food systems in Dallas/Ft. Worth Metroplex and across the globe. According to Harvard School of Public Health, food system is defined as “all the elements and activities that relate to production, processing, distribution, preparation, and consumption of food.” So what does it mean to create a sustainable food system? The Agriculture Organization of the United Nations defines a sustainable food system as one that “delivers food security and nutrition for all in such a way that the economic, social, and environmental bases to generate food security and nutrition for future generations are not compromised.”

In the article linked below from the International Monetary Fund, the authors share why now, in the wake of the coronavirus pandemic, it is even more crucial that we work as a society to rebuild our food systems in a sustainable way. More importantly, they argue, that now is the perfect time to do so as we simultaneously work to rebuild our economies. The article outlines four key components that must be in place for a sustainable food system to function: resilient food supply chains, healthy diets, regenerative farming, and conservation. Read the article to discover more about sustainable food systems.

To learn more about the Hunt Institute’s Social Enterprise Program, visit smu.edu/socialenterprise. For more case studies and examples, stay tuned to the Hunt Institute Digest.