This summer came to a calamitous end with the rapid succession of hurricanes Harvey, Irma, Jose, Maria and Nate, two earthquakes in Mexico, rampant wildfires currently raging across Northern and Southern California, and countless other natural and man-made disasters across the globe.
P2Binvestor (P2Bi), a leading marketplace lending platform that offers crowdsourced, asset-secured lines of credit to growing companies with big ambitions, is catalyzing the growth of mission-aligned business with the launch of a first-of-its kind bank partnership program. The new program provides startups and emerging businesses an innovative way to quickly access capital while allowing banks to increase their addressable market and improve their conversion rates.
Salesforce Ventures, the corporate investment arm of Salesforce, a global leader in customer relationship management (CRM), has launched a $50 million impact investment fund to accelerate the growth of companies using Salesforce technology to address challenges across workforce development, equality, sustainability and the social sector.
With the backing of a group of impact investors, Singularity University, a global community with a mission to educate, inspire and empower leaders to apply exponential technologies to address the world’s most pressing challenges, has launched SU Ventures, a program designed to address the more long-term needs of impact-focused startups.
Earlier this year, JetBlue released its 2016 environmental and sustainability report, accompanied by a white paper produced according to the Sustainability Accounting Standards Board (SASB) standard for the airline industry, which covers material environmental, social and governance (ESG) information of interest to investors.
Fairphone, a social enterprise and modular smartphone producer spurring a paradigm shift in the technology industry, has secured €6.5 million to scale up its mission to make fair, responsible electronics mainstream. The investment will enable Fairphone to continue innovating in the areas of material sourcing, production, distribution, recycling and product longevity.
Part Five in a 10-Part Series by Reporting 3.0. See previous parts below.
The 2013 launch of the Integrated Reporting <IR> Framework from the International Integrated Reporting Council (IIRC) swung a double-edged sword through the disclosure field:
As socially progressive investors, we perform our own due diligence when we consider a company and its ethical, moral and social standing before it is added to our portfolio. Investors must ensure that they properly vet their investments on a large set of data and criteria. This is especially relevant as socially responsible investing (SRI) – directing capital toward companies limiting negative environmental impact and progressing social goals – continues its evolution into the mainstream.
Certified B Corporation Thread is taking its commitment to end poverty by creating dignified jobs and responsible, high-quality fabrics to the next level with the announcement of a partnership with nonprofit Kiva. The startup, which transforms plastic bottles from the streets and canals of Haiti and Honduras into responsible fabrics, has used Kiva’s direct-to-social enterprise loan program to raise $10,000 for its zero-interest micro-loan program.
This week, TruValue Labs unveiled its ESG Momentum™ score – the first ESG indicator that leverages artificial intelligence, big data and the Sustainability Accounting Standards Board’s (SASB) materiality framework – as part of its Insight360™ suite of products. The score reveals the positive or negative direction, or trend, of ESG performance based on daily data.
Bringing together financial institutions, investors and intermediaries to continue catalyzing the impact investing moment, the U.S. Impact Investing Alliance has launched its expanded network of impact investing leaders.
The Alliance was founded last year by representatives from philanthropy, business and finance to drive impact investing in the U.S. by increasing awareness, fostering deployment of and demand for impact capital across asset classes globally and partnering with policymakers and other stakeholders to build the impact investing ecosystem.
Putting its commitment to improve access to quality education and lifelong learning for all into action, HP Inc. has pledged $20 million in technology, training R&D and funding contributions between 2015 – 2025 at the 2017 Global Citizen Festival in Hamburg, Germany.
With environmental and social impacts increasingly influencing investor decision making, Ceres has developed a new peer-reviewed resource guide to help investors better analyze financial risks in the food sector.
French president Emmanuel Macron’s offer of refuge to U.S. climate scientists and innovators in the wake of Trump’s decision to pull the U.S. out of the Paris Agreement was not only a defiant policy rebuke, but a clear signal that France – like many other countries – now wants to seize momentum and take advantage in the absence of American leadership on climate.
I have over the years developed a rule of thumb or criterion for assessing the efficacy of sustainability measurement and reporting methods that goes something like this:
If it is possible for an organization to perform “well” according to the principles of a particular measurement and reporting system and yet still be putting vital resources or human wellbeing at risk, then the system itself fails on its face and should be rightly rejected.