What is a Transition Enterprise?
Thoughts from the UK’s REconomy project:
1) Resilience outcome
Will benefit the local community by improving its resilience or wellbeing in some way
2) Low Carbon
Minimises carbon emissions and thus contribution to climate change
3) Natural Limits
Works within the natural resource (and energy) limits of the planet, including ecosystem services. Works with suppliers that do the same.
4) Appropriate Localization
Considers viability of business model post peak oil, and level of independence from globalized corporate macro-economy and its risks.
5) Not just for personal profit
Goes beyond distributing profit to individuals, with at least some profits reinvested in the local community.
6) Community assets
Holding public or “commons” assets and wealth in trust for community benefit (can’t be sold by individuals).
7) Locally accountable
Independent and accountable to a defined constituency who are democratically involved in governance of enterprise
Originally published at LATransitionEnterprise