INTERVIEW: Putting a price tag on a company’s social and environmental impact is the only way to demonstrate its true profit and loss, believes Sir Ronald Cohen, who is now focusing on driving forward the next accounting revolution.
INTERVIEW: Founded in 1990s eastern Europe, NESsT is still helping high-impact organisations to grow, and not rely on grants. We hear how it makes extra efforts to track its own impact – and how a new fund is tackling LGBTQIA+ discrimination.
Following record investments in 2021, deals are lower this year, Dealroom’s Impact Database reveals this week. Yet impact startups remain collectively valued at more than US$2tn and “impact unicorns” have reached 200.
INTERVIEW: As B Lab leads a "substantial revisit" of the criteria for companies seeking B Corp status, we ask the man who oversees these standards what will change – and if recent criticism of B Corp certifications is justified.
Company directors’ reliance on international accounting standards means sustainability issues are currently reported separately, if at all. But there are steps they can take to better meet their legal responsibilities, says our columnist.
The financial accounting system we use today is hurtling towards irrelevance, undermined by the very inequality to which it has contributed. It's time to change how profit is calculated – before it's too late.
Ikea Social Entrepreneurship and Cisco Foundation join NESsT Refugee Employment Initiative to help enterprises boost livelihoods for those fleeing from Ukraine and elsewhere.
Locally-rooted and entrepreneur-led, with zero interest and ‘social’ repayment options – Kindred has created a flexible financing solution that’s strengthening dozens of social ventures.
Social enterprises and others can apply for grants of up to £9m as part of the government's new Youth Investment Fund, delivered by Social Investment Business, and set to fund 300 existing or new youth facilities.
ACF, School for Social Entrepreneurs and Access Foundation set up taskforce to boost earned income through grants – billed “the missing piece in the finance jigsaw” – by building on success of match trading.
The rise in living costs is already hitting organisations that rely on public donations. What can corporates, foundations and individual donors do now to help social sector leaders balance their budgets?
Social Value International adds explicit requirement to ‘be responsive’ – as too few organisations have reached the stage of managing, not just measuring, their impact.
The B Corp idea disrupted entrenched narratives in business. But certification of companies like Nespresso shows that it must now evolve to embrace newer, bolder ideas in business – or risk being adapted to the needs of the “old economy”.
PLUS: EdTech Provider APDS gains US$7m to 'transform the correctional system'; new report calls for US$6trn in impact investing improve urban slums; Wysa raises US$20m to expand AI-powered mental health services, and more.
