Richard Adams (businessman)
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Richard John Adams, OBE (born 28 October 1946) is a British businessman. He is the founder of the UK fair trade organisations Tearcraft and Traidcraft and of a number of social enterprises which promote environmentally responsible and ethical business.
Early life and education
Adams attended King Edward VI Five Ways school in Birmingham. He has degrees in sociology (St John's College, Durham University), theology (University of London) and business administration (Newcastle University). He has been conferred an honorary Doctorate of Civil Law on him in 2005 from Newcastle and one from Durham in 2007.
After visiting small farmers in Gujarat, India, in 1973 he established Agrofax Labour Intensive Products, an agricultural imports company in London with distribution to the main wholesale markets. In 1974 this business began importing crafts from farming communities in Bangladesh, following which he founded Tearcraft which became the marketing arm of the UK relief and development charity, Tearfund. In 1979 Richard established the independent company Traidcraft, which became a plc in 1984, offering the first 'alternative' and socially orientated public share issue in the UK. In 1989 Adams convened the steering committee of what became the UK's Fairtrade Foundation, based on the Dutch Max Havelaar Foundation. He was its founding director, and a member of its board from 1992 - 1999. In 1994 Adams founded the Creative Consumer Co-operative, through which Out of this World, Britain's first chain of organic grocery stores with an explicit ethical, fair trade, social and environmental agenda, were launched. In 2000 he co-founded the Warm Zone programme to combat fuel poverty and in 2006 was appointed as a non-executive director of Newcastle upon Tyne NHS Primary Care Trust and in 2010 was appointed Chair of Newcastle and North Tyneside Community Health (NHS).
Adams was a director of the UK Social Investment Forum 1992-1996; Chair of the Student Christian Movement 1994-1997 and, with Mark Hayes, a co-initiator and founding director of the social investment society, Shared Interest. He was appointed by the UK Government in 2001 as one of 24 UK members of the Brussels–based Economic and Social Committee of the European Union, serving for 14 years and is now a Delegate to the EESC's Consultative Commission on Industrial Change. In this role he works mainly on energy and climate related issues and has been involved in animal welfare and fisheries' sustainability. He was co-chair of the European Nuclear Energy Forum(ENEF) from 2011-2014, was until 2018 a member of the Corporate Responsibility Stakeholder Council of innogy SE and is a Trustee of the energy policy think-tank, Sustainability First. He chairs the board of directors of the Fair Trade Advocacy Office in Brussels and also chairs the board of trustees of Age UK North Tyneside.
He is an honorary fellow of Glasgow University's Centre for Social and Environmental Accounting Research (CSEAR) and a visiting fellow of St John's College, Durham. In the 2001 New Year Honours, he was appointed an Officer of the Order of the British Empire (OBE) "for services to the promotion of ethical trading". He won the New Statesman Social Entrepreneur of the Year award in 2005 and in 2006 was listed by The Independent newspaper as one of the top 50 people in the UK who had had most impact in "making the world a better place" for his development of the concept of ethical shopping.
- Who Profits? (1989) ISBN 0-7459-1606-6
- Shopping for a Better World (1991) ISBN 0-7494-0483-3
- Changing Corporate Values (1991) ISBN 0-7494-0410-8
- Good Business? (1993) ISBN 1-873575-58-0