Lightrock: City AM Q&A December 9, 2022 London-based private equity outfit Lightrock closed a mammoth $860m fund in October with the aim of fuelling a new generation of founders “tackling the world’s biggest challenges”. But in a world where every business claims purpose over profit, how can investors separate the wheat from the chaff? Lightrock partner Kevin Bone sits down with Impact [...]
How ESG has impacted technology and innovation sectors December 9, 2022 Increasing examples of environmental, social and governance (ESG) targets linking to executive incentive pay (sometimes as much as 20%) represents a financially lucrative area business leaders need to ensure they are getting right. ESG is a broad term comprising interlinked yet distinctive ways to evaluate the sustainability credentials of a business, including corporate governance, inclusion [...]
How e-bikes can and should be part of the drive towards better corporate ESG policies December 9, 2022 With environmental, social and governance (ESG) issues now placed at the forefront of many corporate agendas, it is easy to be sceptical about the actual actions taken forward versus publicly voiced sustainable intentions. At times it has felt like many have addressed what is necessary to “tick the ESG box” but without a genuine plan [...]
Sustainability Superheroes in Fintech December 9, 2022 PrettyLittleThing sponsored Love Island’s Gemma Owen to champion its ‘pre-loved’ fashion marketplace this year, encouraging shoppers to sell clothes rather than throw them away. However, it still expects to launch 956 new fashion items into the hands of hungry consumers this week. Did someone say greenwashing? It’s one thing to say, ‘Climate change matters; we [...]
FTX collapse has no winners, unless you’re a news site or a hardware wallet December 9, 2022 David F Carr, Senior Insights Manager at Similarweb, crunches the numbers and discovers some surprising winners in the FTX debacle.
Do we care about the world enough to make companies care? December 9, 2022 If asked who I’d love to be seated next to at a hypothetical dinner party, I immediately respond, Steve Jobs. I would love to learn how he went about building a company that has had such an extraordinary impact in the world, changing the way we work, live and communicate. I am not saying that [...]
Solving The World’s Most Pressing Problems By Redirecting Capital Is At The Heart Of Emanuela Vartolomei’s Bid To Createsystem. Wall Street without the Walls.” December 9, 2022 Solving the world’s most pressing problems by redirecting capital is at the heart of Emanuela Vartolomei’s bid to create “real change to the financial system. Wall Street without the walls.” Her model uses artificial intelligence to measure 13 million companies at a “hyper-scale”, to “reinvent research” and propel firms and governments to ESG transparency. But [...]
What’s bubbling up as we boil the ESG ocean? December 9, 2022 The globe is warming. Regulators are warning. Investors are calling. Climate change is felt by every one of us and it dominates discussions from the sofa at home, to the office, to the world’s leading conference stages. Whatever your perspective: concerned citizen or commercial entity (and the two are by no means mutually exclusive) we [...]
City Moves: Who’s switching jobs in the Square Mile? December 9, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. WilmerHale Law firm WilmerHale has built out its London-based white-collar defence and investigations practice with a new partner. Richard Burger, a former enforcement lawyer and prosecutor at the Financial Conduct Authority’s predecessor the FSA, brings experience co-heading [...]
How art can help corporations: An interview with Artiq CEO Patrick McCrae December 8, 2022 Making the business case for ‘soft skills’ and ‘soft acquisitions’ is increasingly familiar in the corporate sector, especially as people turned so much to the arts throughout the pandemic. I caught up with Patrick McCrae, CEO of Artiq, who has been selling the tangible benefits of art in the workplace for over a decade. What [...]