Purposegrown
Purposegrown is a term used to describe a philosophy and practice in product design, business strategy, and governance that places purposeful social and environmental outcomes at the center of value creation. Enterprises identify and pursue a clear mission and embed it into product development, sourcing, manufacturing, distribution, and company policy, aiming to balance financial performance with measurable positive impact.
Origin and usage: The term emerged in sustainability and impact investing discourse in the early 2020s. It
Principles and practice: Purposegrown organizations typically pursue an explicit mission, engage stakeholders in design and governance,
Criticism and challenges: Critics warn that the term can be vague or used as marketing, risking greenwashing
See also: Sustainability, ESG, impact investing, social enterprise, B Corp.