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.
C SUMMIT: Business leaders are ready to ‘do the right thing’ but need the ‘radical collaboration’ of philanthropists and corporate social investors as their catalysts – agree Halla Tómasdóttir of The B Team and EVPA chair Steven Serneels.
C SUMMIT: Corporate social investors and parent firms are working together more strategically, partly driven by Covid-19, as the experiences of two European insurance firms show.
C SUMMIT: All the components of a company – foundations, impact investment funds and regular business – should work together towards a joint vision of meaningful social impact, says sustainability boss at Schneider Electric.
C SUMMIT: Sanofi Espoir Foundation boss says the pandemic has confirmed its conviction that medicine and healthcare are not the full solution for global health challenges – while Repsol Foundation leader predicts a "time for doers".
C SUMMIT: The first carmaker to set up its own social entrepreneurship scheme is placing social impact even higher up the firm’s agenda. But some fear corporates more generally will continue to put the brakes on, despite this year's crisis.
C SUMMIT: Organisations need to collaborate to build a circular economy – but putting in the time and effort, shared ambition and navigating the 'machinery of government' are all important if they want to be successful.
C SUMMIT: Although many corporate foundations are still enjoying stable income streams and, for some, even more interest from their donor corporations, they must be sure to prepare for the inevitable impact of Covid-19.
C SUMMIT: Setting up a corporate social investor can bridge the gap between foundations and the commercial side, making a bigger difference than philanthropy alone – Åsa Skogström Feldt from IKEA Social Entrepreneurship and Margot Cooijmans of Philips Foundation.
C SUMMIT: As EVPA releases a new guide on Collective Corporate Impact Strategies, the director of Danone Communities, a venture capital fund for social businesses, explains how “business for good is core to Danone’s DNA”.
