TED Conversations

This conversation is closed.

Earth approval of Corporations

Hello TED group! I'm an Entertainment designer but I had this idea not sure if it exist already. The idea is a site or app, that rates a companies impact on society, positive or negative (sort of like yelp). so people can decide weather they want to purchase or do business with them based on they're over all impact on the human experience. things it might take into consideration "pollution-Customer complaints- best solution for none payment or low income families-hidden fees-best treatment of employees-are they honest with everyone they deal with- is there a high greed factor with this company (do they choose profit over human health)-do they pay taxes- are there employees payed a decent wage- do they do business with 'BAD' Companies" this type of site might help keep corporations in check. no one is keeping tabs on these people but the human population would do a great job if they had the information at their finger tips. it might force corporation to behave themselves if they know we're watching and if they slip up it will impact they're bottom line.

I can be found on linked in
Paul Fuentes


Showing single comment thread. View the full conversation.

  • May 7 2013: Hello Paul, its a great idea to incorporate all the important aspects of a corporation an initiate a rating system.I'm not sure if such a system exists, but this is my suggestion.
    I guess you could divide them into categories, example: Eco-friendliness, Customer Satisfaction (reviews), Employer Satisfaction (reviews), Annual Turnover etc.
    As far I know, LEED ratings are used for companies and Energy Star ratings for electrical appliances. Both for the eco-friendliness aspect. The rest of the ratings will have to peer based, therefore a site and a subsequent app will be the best idea.
    For example a food processing plant: Their factories and offices, are they LEED certified (Silver, Gold or Platinum)? This will cover water and energy savings, waste management and air quality inside the plant. Since this a commercial product ISO standards will be required too (another plus). Same applied for the administration building, with additional, employee comfort (lighting, air-conditioning, etc.), working hours, accessibility to public transport and so on. For extra "points" the firm could use a fleet of hybrid vehicles or provide employee with hybrids. All this could go into the company's profile. The rest is upto the client, on review based rating.
    The challenge would to verify all these, especially taxes and hidden profits and so on. In my opinion it would better for a non-profit organization to collaborate with all these other evaluators and come up with a whole new rating scheme.

Showing single comment thread. View the full conversation.