It’s done! TiiQu is now formally recognized as a Social Enterprise. Confirmation of registration as a Community Interest Company came through from the Companies House of England and Wales on June 24th. I feel like we've been recognized for the unique identity that is appropriate to TiiQu. I'm in good spirits, however, I'll not stop advocating for wider recognition of the economic value that social enterprises bring to a sustainable future.
Trust: the underpinning enabler of ESGs
Social responsibility and governance are two facets of the same coin to positively impact the environment and inscribe human beings’ life on earth in the longer term. I remember one of the recent TiiQu Talks where the two panellists (Alex G. Lee and Parin Makadia) debated the n.1 element of ESGs. Alex supported governance as the way to enforce social and environmental responsibility, while Parin supported social responsibility as the positive force of governance inspiring care for the environment.
To me, it was clear that TRUST and EDUCATION were the underlying enablers of E (Environment) S (Social ) G (Governance). What is still not clear to me is how difficult it is to associate trust and education with ECONOMY. This would be a crucial step for many to embed trust and continuous education mechanisms in their processes.
Trust facilitate inclusivity, equity, and collaboration. It has a positive impact on financial investment and decreases transaction costs. Therefore, trust is crucial in modern economies and globalization.
“If one looks at today’s governance problems at the country level, between countries or at multilateral governance in the world, we face a terrible lack of trust… As a result, in a world in which everything is global, in which the problems are global – from climate change to the movement of people – there is no way countries can do it by themselves.”
Despite the recognition of the role of trust at the global level and the impact of the lack of trust, it is still hard to instil into decision-makers the conviction that investing time and efforts in establishing trust internally is the first priority to then be able to positively impact long term goals.
Social sustainability and Economy: inevitable interdependence
When we first published TiiQu white paper with the mission of “removing guesswork and assumptions from an individual’s claims” we didn’t make a distinction between the social aspect of the mission (facilitating inclusion, equal treatment of individuals, allowing self-worthiness and meaningful lives) and the economic impact of the output (facilitating collaboration, accelerating matching of demand and supply of resources, enabling precise investments) as the two are communicating vessels that together and not individually convey to enhance human beings’ potential and that of their organizations.
One of the enablers of fast decision-making is the ability to categorize things, behaviours, features, and methods. The side effect of categorization and labelling is wrong labelling or restrictive labelling. The positive aspect of categorization is that it enables decision-makers to set their expectations.
As founder of TiiQu, with human beings and their incredible potential at the core of its vision, I detest labels and see them as the anteroom to prejudice, stigma, and biases. In fact, categorization helps quickly associate sets of characteristics with potential behaviours that may correspond to the truth at a given time, however, categorizations hardly evolve, while human beings do so, so labels are attached to human beings as a consequence of being associated with any set of characteristics that can be personal or professional, influence sometimes with devastating effects, some other times with restricting effects on the way a person accesses opportunities, people, growth. In synthesis categorization influences [often negatively] the potential development and the impact of an individual.
That’s exactly what TiiQu fights against.
The unequivocal framework for a pact
But thinking of the future of TiiQu as a company, I use the universally recognized category of Social Enterprise to set TiiQu in the unequivocal position where the majority of dividends are reinvested into the company. In this way, everyone can set their expectations, participation and potential contribution based on a shared unequivocal framework.
As a Community Interest Company, the technologies developed by TiiQu are addressed for pre-defined meaningful purposes. In this way, we guarantee future generations willing to grow in value the tools to achieve the goal without discontinuity.
The two elements above allow me - the founder, to inscribe my work in the long run and focus on partnerships and collaborations with projects, organizations and individuals that align with the vision of distributed knowledge-based trust for everyone. If you like what you are reading, browse the Toolbox series to learn more: