A New Business Model

namaste solarHere at Technological Responsibility it is our mission to share with you not only all of the up to date stories on social responsible technology companies but also some of the companies that are continuously taking responsible actions.  Today’s post will dive into the later. We will look at a firm with a business model built around improving the local and global communities through a wide range of responsible actions.

Namaste Solar a turn-key solar power company engineering, designing, and installing solar panels for homes, businesses & governments, does exactly that. Namaste Solar’s mission “is to propagate the responsible use of solar energy, pioneer conscientious business practices, and create holistic wealth for ourselves and our community.” This mission statement makes it clear that their goal is not to be the most profitable company; instead they are focused on the betterment of the community. Namaste Solar works to better the stakeholders and not just the shareholders.

So how does Namaste Solar accomplish this goal? One of the largest influences of this mission comes from their Employee-Ownership Model. This model makes employees more than just staff members.  It allows employees to become co-owners of the business. Co-Ownership gives these employees a vote in executive decisions and a greater sense of pride in the company. By having an equal say in the company operations and decisions, the employees feel as if the company is their own and work harder to deliver a quality product that will benefit the customer as well as the company.  Another way Namaste Solar gives back is through donations. Each year Namaste donates 20% of its solar profits to local nonprofits. This report shows just how committed they are to this goal and outlays how much they have given to each of these nonprofits.

When you thought Namaste couldn’t be any more sustainable and socially responsible, you are wrong. Namaste Solar also works tirelessly to improve their sustainability. Based on their Zero-Waste Initiatives, Namaste Solar recycles or reuses 90% of their office supplies. They have bins in their warehouses and offices for:

  • scrap wood and pallets
  • scrap metals
  • bare and insulated wire scraps
  • bubble-wrap and Styrofoam peanuts
  • plastic shrink-wrap
  • paper and plastic grocery bags
  • plastic hardware bags
  • computers
  • electronics
  • IT equipment
  • hard-block foam
  • durable plastics
  • batteries
  • fluorescent light tubes.

They recycle and reuse pretty much anything that comes through their building.

 

Check out the video and links below to learn more about Namaste Solar and their efforts to be socially responsible and sustainable. If you found this story interesting follow our blog for similar stories.

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