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.
PLUS: More COP26 headlines you may have missed; Esmee Fairbairn’s £10m impact investing pot; impact unicorns; blended finance rebound, Marshall Institute's £50m accelerator, a skills impact bond for India, Ecosia's new VC fund, and more.
Our oceans are drowning in plastic waste. But what if you could stop the stream of rubbish closer to the source? One nonprofit is doing just that, by bringing its unusual invention to the world’s dirtiest rivers. Technology, though, is just the beginning.
Impact investing and COP26: GSG’s Cliff Prior warns of “substantial disruption”, while Impact Investing Institute’s Sarah Gordon says “siloing” social and environmental is still a big issue. Plus, an update from the G7 Impact Taskforce.
England social enterprises can get grants of up to £100,000 to help them “get back on their feet”, under Lottery-funded scheme first set up in 2020, and once again delivered by Big Issue Invest, Key Fund, Resonance, SSE and UnLtd.
Impact funds are now “fighting for a share” of an increasingly competitive market – but can use their impact credentials to both attract capital and sign new investment deals, say asset owners and fund managers at the EVPA annual conference.
How does a 20-something newcomer to finance shift his family's entire investment strategy? Heated arguments may be inevitable, but investing 100% for impact is no big deal, says Grupo Baobá's Fernando Scodro – and advisors need to catch up.
Coutts, Triodos, Bridges Fund Management among those in new B Corp coalition calling on financial firms around the world to rewrite their constitutions to legally commit to a social and environmental purpose.
Larry Fink, CEO of world’s largest asset manager, says public and private sectors must join forces to ensure emerging economies aren’t left behind in shift to net zero – and suggests rushing decarbonisation would lead to dangerous polarisation.
Our financial accounting systems were designed by white men, for white men – with disastrous implications for people and planet. Could a gender lens help us reshape an accounting system built on empathy and that works for the majority?
