Category Archives: platform

Paradigm shift? From shareholder primacy towards commitment to all stakeholders

1080x360_BcorpOn August 19th, 2019 the Business Roundtable (the association of CEOs of America’s leading companies) released a new Statement on the Purpose of a Corporation. This new statement was signed by 181 CEOs who commit to lead their companies for the benefit of all stakeholders-customers, employees, suppliers, communities and stakeholders. This is a significant move away from their stance since 1978 as principles issued until now endorsed shareholder primacy (that corporations exist principally to serve shareholders).
The long-awaited paradigm shift! Or shall we be sceptical that these changes will be implemented?
In the days following this announcement, we have seen debates shaping and many cautionary but constructive articles being published. There was an immediate critical response announced by the Council of Institutional Investors raising outdated concerns that the statement undercuts notions of managerial accountability to shareholders. The B Corporation movement founders, who have been in the forefront of redefining the role of businesses into one that delivers value to all stakeholders, published an excellent article “Don’t Believe the Business Roundtable has changed until the CEOs’ action match their words” This title sounds a bit harsh but it is important to hold the CEOs accountable and a full-page ad “Let’s get to work” was posted in the Sunday New York Times urging them to get to work (together).
In addition to the B Corporation movement, there has been in the past few years some signs of this impending paradigm shift as witnessed by the letters to the CEOs written by Larry Fink, CEO of BlackRock “linking purpose and profits”. Another powerful movement that is growing is lead by Singularity University which is shaping leaders and organizations by using exponential technologies to tackle the world’s biggest challenges and build a better future for all. This latest statement by the Business Roundtable is a gigantic step forward and although it might take some time until their action matches their words, slowly but surely we are getting aligned and moving in the right direction. No turning back.

Orb Media, a new kind of journalism that we truly need

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OjY19iZt_400x400On June 26th, I was fortunate to attend an exclusive event where Molly Bingham, the founder of Orb Media, philanthropist, filmmaker, photographer and journalist, shared with us her amazing journey. This event was organized by Women and Philanthropy (thank you Kecia Barkawi!).

Molly is Founder and CEO of Orb Media, which produces a new kind of journalism that challenges the way we see our world and brings us together around the things we share. At a time when we most need to see the full picture of our planet, today’s journalism is showing us only fragments of it. As people, we have our differences, but we share a core that profoundly outweighs them.
Orb Media is a nonprofit journalism organization that reports on issues that matter to billions of people around the globe. Fusing original research, data analysis, on the ground reporting, and an engaged public, Orb Media produces agenda-setting stories about the challenges we face together as one world.
Rather than bombarding the public with breaking news while providing little in the way of context, Orb practices proactive journalism. Orb asks how events may (or may not) fit into a meaningful, global trend by covering 8 topics (linked to the UN Sustainable Development Goals) that affect each of us every day: Food, Water, Energy, Health, Education, Environment, Trade and Governance. Orb produces professional and fact-based journalism exploring these topics that touch billions of people across national, cultural and linguistic differences. Orb delivers each story in four versions – text, audio, multimedia and data – in the world’s most widely spoken languages. The stories are designed to be accessible on any internet connected phone, tablet or computer. The stories are distributed through The Orb Media Network (OMN) which is composed of agenda-setting media brands from around the world who simultaneously publish stories researched and reported by Orb in order to present their audiences with fact-based, quality information on global issues. By working in this way Orb and the OMN catalyze global dialogue on critical issues, focusing the attention of government, industry, researchers, civil society, and the public. (source: orbmedia.org)

Some of their recent stories include Invisibles- The plastic inside us, a story revealing how plastic fibers have contaminated tap water around the world, this was followed by the alarming story Plus Plastic – Microplastics found in global bottled water and the most recent one is Age Well – attitudes matter in a graying world. All these stories are important to all of us in the interconnected world. Orb is remaking journalism to one that the world truly needs.

I was also hugely impressed and inspired by Molly, her courage, dedication, passion, and her journey. Molly comes from generations of pioneering journalists, in fact, she is the 4th generation. She is an award-winning journalist, photojournalist and filmmaker. In 1994 she started as a photographer traveling to Rwanda to cover events after the genocide she continued to cover war areas such as Burundi, Zaire, Chiapas, Russia, Sudan, Sierra Leone, Afghanistan, the Gaza and Iraq. She has worked with Human Rights Watch for three projects and also worked as the official photographer of Vice President Al Gore at the White House. In 2003, she survived a 7-day captivity at Abu Ghraib prison in Baghdad. As co-director of the documentary film “Meeting Resistance” she was awarded the “Golden Award” at the 2007 Al Jazeera International Documentary Film Festival. Her passion and commitment to journalism which was tested through her experience in the prison in Baghdad has lead her to remake journalism to catalyze global dialogue and create massive positive change. Thank you Molly! Watch her powerful TEDxtalk. Molly Bingham at TEDxSMU.

Firdaus Kharas, a social entrepreneur using media to better human conditions around the world

Firdaus-Kharas-head-shotFirdaus contacted me that he was in Zurich so we had a spontaneous lunch this week (27.6.2017). He was in Italy shortly before and was planning to travel to the Democratic Republic of Congo (DRC) but this trip was cancelled due to the unfavorable security situation. He recently completed three animated shorts to combat violence in DRC and Ecuador (tensions rising at the border as 600,000 Colombians have moved to Ecuador). If this is successful, it can be again replicated for use in other countries.
Firdaus founded Chocolate Moose Media in 1995 to produce animation, documentaries, videos and television series designed to educate, entertain, and change societal and individual behavior. The themes and campaigns range from HIV&AIDS prevention (The Three Amigos campaign), protection against malaria (Buzz and Bite), Ebola prevention, Zika virus, domestic violence (No Excuses), refugees, human rights, solar energy, and dementia. Over 3,500 animated videos in 188 language versions are available online at vimeo FOR FREE!
This is an immense rich resource available for governments, businesses, social enterprises, not-for-profit organizations, schools and individuals to use it to sensitize, educate or raise awareness on all these relevant issues. Needless to say, a short animated film or a short video that can communicate the core message of a complex issue is very effective and powerful. He mentioned the renewed interest in refugees, a topic very close to his heart, as prior to his media career, he worked for the Canadian government dealing with immigration and refugee policy.
We met 7 years ago as we both attended the Executive Program in Social Entrepreneurship at Stanford Graduate School of Business and we have kept in touch. It was the third time we met in Zurich. Everytime I am impressed of the positive impact he is creating. Thank you, my friend. I certainly hope that more people and organizations make a lot more use of his powerful videos.

ACUMEN: boldly changing the way the world tackles poverty

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Acumen started operations in 2001 with a pioneering concept, a non-profit venture capital for the poor, using philanthropic (patient) capital to invest in entrepreneurs that would be capable to create sustainable solutions to big problems in poverty. For the past 15 years, they have been helping to build companies, developing leaders and sharing ideas. Their impact to date: $103m invested in 96 companies, 200 million lives impacted, 310 leaders developed, 17 Acumen Chapters, and 320,000 people have signed up to the Acumen leadership courses. Impressive figures! However, why Acumen continues to be one of the leaders/innovators in this field is because they can’t be content on just seeing these figures. They go deeper in trying to understand the real impact (qualitatively) by developing impact measurement/metrics.

Our Impact Framework: We work to understand impact from the moment we begin due diligence on a company throughout the lifetime of the investment. Working closely with our companies, we generate, analyze and use data that enables them to understand and improve their social performance. Our aim is to unlock their full potential and achieve the greatest social change for the customers they serve. (source Acumen)

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As Acumen defines its success as how well their investments are enabling the poor to improve their own lives for the long term, they measure the social performance across 3 dimensions: 1) the focus on the poor 2) the breadth (the number reached) 3) depth (improvements). So they look at impact from all these fronts. They use lean data which has made it much more efficient, faster and cost efficient to understand their impact. Another great contribution of Acumen is how they share their ideas and findings. +Acumen which comprises online free leadership courses and is rapidly becoming “the world’s school of social change”.

Acumen’s Dr. Ambika Sampat spoke about Acumen’s journey on Nov 16 “Zurich Social Investment Breakfast Club” facilitated by Rianta Capital and hosted by RobecoSAM. Thank you all and congratulations to the amazing team of Acumen!
Additional info and suggestions
Jacqueline Novogratz Ted Talks She has delivered 5 TED talks.
Acumen’s manifesto
Writeup on Jacueline Novogratz’s book ” The Blue Sweater”

The First European B Corp Summer Summit

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The European B Corp Summit, a celebration for People Using Business as a Force for Good, took place in Rome on June30 & July1. Two energetic days of learning, sharing, networking amongst the rapidly expanding global B Corp community (currently 1809 companies in 50 countries). The focus was on brainstorming and action planning on how can we continue to accelerate this movement. Powerful messages through numerous inspiring speakers including: Pedro Tarak of Sistema B, Lorna Davis of Danone, Thomas Van Craen of Triodos Bank, Bryan Welch of B the Change Media, Mirella Zuidgeest of thermaflex, Corey Lien of DOMI, Pablo Sepulveda & Eloisa Silva of Birus, and Christoph Barman of Loyco. Thanks to the B Lab Europe team and Nativa for organizing such an impactful event!

Karmafy: Have Fun = Do Good

We would like to introduce you to Karmafy
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Karmafy represents a global social currency for doing good. The platform offers businesses, apps, and cause organizations the opportunity to attract new users and strengthen their existing user base by allowing users to track and make use of their socially responsible actions. We partner with businesses through a commonly used rev-share model and deliver more engaged users. Increased monetization occurs through cross promotion, use of gamification and functionality to make directed donations to vetted philanthropic organizations. More to come soon.

Swiss Sustainable Finance a new platform promoting sustainability in the Swiss Financial Center

detailed illustration of a compass with sustainable text, eps10Swiss Financial Finance (SSF) is a new platform that aims to promote Switzerland as the leading centre for sustainable finance. This platform brings together financial service providers, investors, research organizations, public sector entities, and universities to foster social and environmental aspects in investment and financial solutions. SSF was launched at the beginning of July 2014. See the press release.

What’s new in crowdfunding, crowdinvesting


Crowdfunding platforms are continuing to be launched and according to industry sources there are more than 500 platforms. Of the 4 types of crowdfunding sites (donation-based, reward-based, loan based and equity based) this year we are likely to see a surge of equity based crowdfunding sites (in particular in the USA) that would allow for investment in startups. This is due to the passage of the JOBS Act last year that includes the Crowdfund Act. A recent article titled Crowdfunding Clean Energy by David Bornstein gives an excellent insight on the recent trends in this area. In addition to Solar Mosaic described in this article there are several new green crowdfunding sites that look appealing. Impact Crowd, Abundance Generation, OnGreen

sosense.org – where philanthropy meets entrepreneurship

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We (Socential Ltd.) are happy to announce the launch of sosense.org. Our new platform sosense.org is dedicated to support high impact social enterprises operating both on a global scale, mainly in developing countries, as well as those operating in Switzerland. We strive to make it simple for social investors and donors to search, select and support these enterprises. Our aim is to facilitate collective impact.
We feature outstanding social enterprises that are working efficiently and effectively in solving some of the major social and environmental issues that we face today. Take a look at VisionSpring, Tostan, International Bridges to Justice, Riders for Health, Gram Vikas, Landesa to name a few. You can see the short video on their pages to get an overview of these inspiring organizations.
We realized during our pilot phase that supporting the social enterprises makes much more sense and creates a larger and long lasting impact than trying to dedicate to funding independent projects. www.sosense.org is a brand and it is owned and managed by Socential Ltd.
We still have a lot to improve on a number of fronts. It is work in progress which shall improve and we look forward to your collaboration and feedback!
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SOCAP 2010 Mainstreaming Impact Investments

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SOCAP 2010 took place in San Francisco on Oct 4-6. Over 1200 participants. Energetic, lively, sharing, innovative. Impact investments took center stage.Watch these amazing videos of Jacqueline Novogratz (Acumen Fund) Matt Flannery (Kiva) and many more http://video.socialcapitalmarkets.net/live-video-stream/ The first SOCAP Europe will take place in Amsterdam May 31-June 2, 2011.