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: Willicroft targets new markets with €2m raise; UK’s CDFI lending jumps by a third in one year; appetite for impact investing rises; Lendahand crowdfunding platform shifts gear; and much more.
Boss of communications giant Edelman tells social innovators of Catalyst 2030 that civil society organisations have done a “poor job of positioning themselves” and rely on outdated PR methods – insufficient in an age of distrust.
Millions of craftspeople and artists work in the informal economy. Now is the time to explore how to support them better, believe campaigners, so more people can enjoy good, secure jobs while they bring vibrancy and stability to their communities.
Visa’s philanthropic arm to become anchor investor in the Beacon Fund, which invests in underserved, women-led small businesses in South East Asia and aims to grow to US$100m by next year.
The doughnut economics creator says too many impact startups are turned into mainstream companies under pressure of venture capital investors – we report from the ChangeNOW conference in Paris last week.
The power of the social economy to address global crises will be pushed on to the agenda of the World Economic Forum this week, as a landmark report is presented to global leaders when they meet in Davos.
There is growing wealth in Asia which could tackle head-on the world’s deepest problems. As the G20 comes to Indonesia then India, Asian leaders are seizing the moment to highlight their ideas for how to boost investments for positive change.
At the ChangeNOW conference, an economist captivates the room, impact investors sort of disagree, and organisers say it's time to leave Milton Friedman in his grave. Laura Joffre reports back from Paris. Plus: this week's top stories.
Impact investors must show ‘humility’ as market still highly dependent on those seeking below-market rate returns, says European Investment Fund’s Cyril Gouiffes. We report from day one of the ChangeNOW conference in Paris.
