Watch
The Great Reset
Please watch this video "the Great Reset" from the World Economic Forum, on the urgent need for global stakeholders to co-operate in managing the consequences of Covid 19.
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Read
The following articles help demonstrate the importance of purpose in business:
The power of proximity – harnessing digital connections to build back better
Yasmin Waljee – Business In the Community, 3 July 2020
Yasmin Waljee OBE, Business in the Community (BITC) Global Goals Leadership Team and International Pro Bono Director, Hogan Lovells, on how building back better will depend upon getting ‘uncomfortably close to issues’.
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Taking ownership of a sustainable future
CB Bhattacharya – McKinsey & Company, 12 May 2020
At the height of his career in 1994, Ray Anderson, the former CEO of carpet manufacturer Interface, was asked by a customer: “What is your company doing for the environment?” This question would come to define the rest of his life and what he would later call his “midcourse correction.”
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Make Covid-19 recovery green, say business leaders
Roger Harrabin – BBC, 1 June 2020
More than 200 top UK firms and investors are calling on the government to deliver a Covid-19 recovery plan that prioritises the environment.
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Nature-led coronavirus recovery could create $10tn a year, says WEF
Damian Carrington – The Guardian, 15 July 2020
Tackling the global nature crisis could create 400m jobs and $10tn (£8tn) in business value each year by 2030, according to a report published by the World Economic Forum.
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“It is important for those who seek social change to turn an eye toward funding entrepreneurship”: Interview with Impact X’s co-founder Paula Groves
Charlotte Tucker – EU Startups, 8 July 2020
Did you know that only 1% of global venture capital goes to black founders? The founder of venture capital firm Impact X, Paula Groves, was made aware of this fact in 2000, and it’s still true today, almost 20 years later.
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Covid-19 Pandemic Strengthening Asian Interest In Sustainable Investment
Sally Ho – Green Queen, 14 April 2020
Rich investors in Asia are displaying growing interest in sustainable investments as the coronavirus shifts mindsets towards concerns about public health and the environment, according to UBS.
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How to Mainstream Impact Investing in Europe
Lisa Hehenberger – Stanford Social Innovation Review, 27 July 2020
Investors and policy makers who want to advance impact investing in Europe need to account for the field's different levels of maturity in national, subnational, and municipal markets.
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Brand purpose. The biggest lie the ad industry ever told?
Tom Roach – thetomroach, 23 July 2020
I was asked recently to give a talk answering the question ‘does brand purpose really drive profit?’. My very short answer to it was ‘yes it can, but mostly it probably doesn’t’.
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Further Reading
The Chancery Lane Project
The Project is a collaborative effort of "mainstream" corporate, commercial and transactional lawyers (rather than specialist environmental or climate change lawyers) from around the world to develop new contracts and model laws to help fight climate change. The Project is supported by several law firms and barristers chambers (including Hogan Lovells) and major corporations and charities (such as Citi Group and the National Trust).
https://chancerylaneproject.org/
OECD Resources
The OECD have provided policy guidance notes and case studies about key policy issues related to inclusive and social entrepreneurship
https://betterentrepreneurship.eu/en/resources
Social enterprises and their ecosystems in Europe – Comparative synthesis report
European Commission
https://ec.europa.eu/social/main.jsp?catId=738&langId=en&pubId=8274
Towards consistent and comparable ESG reporting
KPMG, Adam King, Tom Brown and Jiska Klein, 26 May 2020
https://home.kpmg/au/en/home/insights/2020/05/towards-consistent-and-comparable-esg-reporting.html