The shift in the way an increasing number of businesses see their role in the world has been one of the most exciting, promising and desperately needed developments of the past few years. That's why today I'm delighted to announce What's Working: Purpose + Profit, a new platform, sponsored by PricewaterhouseCoopers, that's putting a spotlight on the ways businesses are working toward solutions, widening the lens of their concern and moving beyond the obsession with quarterly earnings and short-term gain toward a very different vision. Purpose + Profit will feature stories, insights and tips from leaders in the world of business and thinkers who are driving change, with an emphasis on what's working in entrepreneurship, B-corporations and impact investing.
According to a recent report by SFI, the total assets under management with a sustainable or responsible investment mandate is approximately 18 percent worldwide. This reflects a 929 percent increase since 1995. Investors are not only looking to eliminate negative impacts from their portfolio, they now want to make a positive impact with their dollars.
Energy supply is inevitably linked to this challenge. Energy and its appropriate availability to all people can boost economic development and human well-being (e.g. cooking, heating, cooling, lighting, transportation). But it could also worsen the adverse impacts such as climate change, air pollution, and regional disparities.
In the Hunger Games bestselling novels and movies, the rich capital uses terroristic "games" to control the 12 poor surrounding districts. No young fan of the books or movies would miss the uncanny parallels between the treatment of Balitmore's poor and the brutal jovial wanton violence against Panem's poor.
Most of the thousands of investors and entrepreneurs descending on New Delhi this week for the Sankalp Global Summit are looking to beat out their competitors. Dave Richards and Will Poole, managing directors of Unitus Seed Fund, are looking to create more competition for themselves, by seeding additional funds like their own.
There is hope that we can create a thriving, healthy and abundant world, but we have to do more than hope. We must take action to transform from the inside-out (personal change), ground-up (infrastructure, built environment and supply-chain) and top-down (government, corporations and regulatory environment).