What are OpenAI CEO Sam Altman’s motivations in restructuring his tech firm into a public benefit corporation? Amendments to the law in the US state of Delaware might give a clue on whether Altman is looking for social impact or profit maximisation.
The Scottish government is aiming for full-scale economic systems change and expects social enterprise to be at the forefront of its new economic model, according to discussions at the Social Enterprise Scotland Summit 2024.
Venture capital funding towards impact startups continues a sharp downward trend as VC investors lose appetite for climate tech, the latest Dealroom figures reveal.
Running a venture that helps both people and planet is hard. Amid inflation, instability and even war, it sounds almost impossible. But, for the pioneers of green business in Palestine, Lebanon and Egypt, sticking to the mission makes sense.
As the Diversity Forum launches a new, more robust manifesto, its chair Amir Rizwan urges social investors to not only pledge to take seriously their commitment to diversity and inclusion, but also to set goals and be accountable.
PLUS: BlueMark raises $3.75m; electronics repair unicorn BackMarket reaches $5.7bn valuation, and more: our regular impact finance bulletin brings you the latest funds, deals and programmes in the world of investing for good.
"While nothing is predictable in today’s world," says the British Asian Trust's Abha Thorat-Shah, outcome-based financing can be "the panacea that drives sustainable, systemic social change for common good".
A global study led by Lex Mundi Pro Bono Foundation and launched at the World Economic Forum’s virtual Davos Agenda finds current legal requirements can even be a “hindrance” to the development of social enterprise in some jurisdictions.
Nobel laureate condemns those who ‘mindlessly’ continue the old ways of doing business and urges swift action, speaking at celebration event for those who are transforming corporates from within.
The Commission on Social Investment’s “bold” recommendations call for £800m new money, a fresh strategy from government and a rethink of Big Society Capital.
In an exclusive interview, the chair of the Commission on Social Investment says his report’s recommendations can deliver ‘levelling up’ – but the UK government must get serious about social enterprise and social investment.
Religious groups can struggle to find investments that truly fulfil their values. But there are techniques and tools that can create the social and environmental impact that faiths around the world want to see, says Mathew Jensen of FaithInvest.
