Ben Franklin Technology Partners recently announced that it is partnering with DC-based Village Capital to bring the Village Capital Pathways program to the Philadelphia region. The partnership also includes global financial services firm UBS and will focus its support on African American, Latinx, and/or women founders to help prepare their ventures for potential strategic partners and investors.
Why become a conscious company? Here's an easy answer: Because it's just plain good business.
Implementing conscious business practices isn’t just about doing the right thing or being nice. In fact, the research on the advantages of consciousness just keeps pouring in: self-aware leadership, sustainability, and other companion practices elevate human wellbeing even as they benefit the bottom line. But don’t just take our word for it — here’s the latest evidence of the benefits of becoming a conscious company in infographic format.
As the socially-responsible, ESG (for environmental, social and governance), and impact investing movements have gained steam, so has the number of companies offering products aligned with investors’ values.
Providing low-cost, low-effort personal investment options, U.S. robo-advisorscurrently have more than $100 billion in assets, and are estimated to reach $2.2 trillion by 2020. To differentiate themselves within the market, and attract the 63 percent of millennials who have invested or intend to put money into socially-responsible investments, socially-conscious platforms and investment options are rapidly expanding.
The GIIN’s report provides investors with a comprehensive review of available research to date on the financial performance of impact investments. The report evaluates over a dozen studies—produced by a wide range of organizations—on the financial performance of investments in three common asset classes in impact investing: private equity, private debt, and real assets, as well as individual investor portfolios allocated across asset classes.
Audacious social change is incredibly challenging. Yet history shows that it can succeed. Unfortunately, success never results from a single grant or silver bullet; it takes collaboration, government engagement, and persistence over decades, among other things. To better understand why some efforts defy the odds and what lessons today’s philanthropists can learn from successful efforts of the past, we dived deep into 15 breakthrough initiatives. Our research revealed five elements that together constitute a framework for philanthropists pursuing large-scale, swing-for-the-fences change.
A blog post from a Geneva Global, a thought leader on Systems Change and a B Corp, about why you should be paying attention to and doing what you can to support the B Corp movement.
Investment capital will be critical, and on that front Philadelphia has seen a positive trajectory over the past ten years. While 2017 data shows a decrease in activity, the fall-off has been consistent across the nation.
No one — not a single individual or even a team — can fill all the roles necessary to successfully build a startup. Those who understand where they need help and actively seek it out are ahead of the game.
ImpactPHL was identified as a Spark (a best practice) for creating social enterprise ecosystems.
Customers are demanding transparency as they take an increasing interest in the ethical practices of those they buy from.
Toniic released its T100 Report: Insights from Impact Advisors and Consultants 2017. The T100 Project is a multi-year study of the portfolios of over 50 Toniic 100% Impact Network members. It reveals new insights about the various paths towards and feasibility of 100% impact investing.
The Angel Resource Institute recently released its 2016 Halo Report, which ranked Investors’ Circle already the largest early-stage impact investing network as the third most active angel group in the country.
There are already so many things happening here in Philly that we are already being called an Impact capital.
When it comes to learnings towards ethical consumption, our young people are miles ahead of us. A recent study finds that not only are young people often more conscious consumers than their parents, they are much more aware of global issues than some adults give them credit for.
We wanted to create a company that was built upon the ideals of valuing more than profit maximization. We wanted to create a sustainable business, yes, but also a business model worthy of being sustained. In short, we wanted NeedsList to be an impact business.
Concurrent with the trend of spending more on a cup of coffee is the Fair Trade coffee trend. Caffeine lovers are increasingly concerned with how their spent dollars affect people at all levels of the supply chain. Globalization of the coffee market put farmers in coffee-exporting countries at risk of unfair compensation. As a result, Fair Trade certifications, which aim to ensure ethical compensation of agricultural workers, have been on the rise.
Melinda Gates says America's workaholic culture is one of the main obstructions to diversity, causing women and minorities to lean out. This workaholic culture is particularly harmful to women Gates writes because women are still being told by society that home care and child care is up to them as well. The result is a work ethic that hurts everyone.
According to the Todd Carmichael, successful businesses evolve. They continually ask themselves what adjustments can be made to reach specific goals. Rather than laying the burden of the business on the shoulder of predatory pay they make model adjustments and continue to put the employee at the center of the company. In exchange they earn employee loyalty and a happier company which creates a better customer experience better products better culture and brand.
The solar panel installation and education company is being honored for its mission of sustainability, its workforce development programs for disadvantaged youth and its contribution of jobs to the Philadelphia region.
The Wayne-based nonprofit that certifies companies as B Corps just announced its 2017 honorees, and Philadelphia companies take up a whopping 16 spots.
By inserting philanthropy into the very DNA of a startup, entrepreneurs make community engagement an organic part of the organization. This simple step enhances recruitment, productivity, sales and ultimately the bottom line.
But where to begin? Here, we talked to ethical-labor watchdogs about what matters to them, gathered tips and tricks for how to shop more sustainably in your everyday life, and even picked out a few Project Just-vetted brands to help you get started.
In the past year and a half, the foundation has employed two new investing strategies. Here's what it's learned so far.
Forty-seven percent of millennials said CEOs have a responsibility to speak up on social issues that are important to society.
The Calvert Foundation is best known for its Community Investment Note, a workhorse fixed-income product that in the last two decades has raised more than $1.4 billion for community development renewable energy sustainable agriculture and more. Now the financial services firm is adding a new line of business Capital Aggregation to syndicate fixed-income opportunities to institutional and accredited investors.
LISC recently became the first-ever CDFI to make an S&P-rated bond offering—$100 million worth—to help bring capital to low-income communities. It completely sold out and was, in fact oversubscribed. Now a second CDFI The Reinvestment Fund has offered $50 million worth of bonds of their own. In an article for ImpactAlpha Oscar Perry Abello examines how the brave new world of private-capital bonds could change financing for projects in underinvested places.
The For Foundation recently announced that it would commit $1 billion to investments that “earn not only attractive financial returns but concrete social returns as well.”
When Jeffrey Brown looks to promote employees within his 13-store supermarket chain, he looks for people with hustle ability commitment all that. There’s another unlikely attribute that has turned out to be a predictor of success at Brown’s ShopRite and Fresh Grocer stores. Drug dealing.
Brian Linton started the outdoor clothing company United By Blue first and foremost because he wanted to create a business that would have a meaningful impact on the “blue parts” of the planet. For every product sold, the company removes one pound of trash from oceans and waterways through company- organized and hosted cleanups. UBB’s clothing is now sold in 500 retail stores globally and the cleanups have removed nearly a million pounds of trash from oceans and waterways across 27 US states and Canada.
Here as some lessons on how to launch your company with a social mission from the start, courtesy of Technical.ly's Tomorrow Toolkit.