Highlighting some great social impact headlines for the week. We’re covering an investment app that lets people make money while making a positive impact on the planet, a new way for investors to turn a profit while helping California prevent fires, and a search engine that turns profits into trees planted.
The Investment App That Lets People Make Money – And A Positive Impact On The Planet:
The article features Tickr, the “new social investment app that enables people to back globally-listed businesses that are committed to make positive social change.”
The Highs and Lows of Creating the World’s First Social Stock Exchange:
After launching the world’s first social stock exchange, the Impact Exchange, Durreen Shahnaz reflects on her journey and shares her top three takeaways.
There’s a new way for investors to turn a profit while helping California prevent fires:
This article highlights The Forest Resilience Bond, created by the nonprofit investment firm Blue Forest Conservation. The bond seeks to lower the risk of dangerous and destructive wildfires by shifting the heavy reforestation costs to private investors.
When Women Invest in Other Women:
Only 2.9% of total venture investments went to female-founded startups in the first half of 2019. Feature includes top considerations for women looking to invest in women-owned companies.
This Search Engine Uses Its Profits to Plant Trees Across the World:
Berlin-based tech company, Ecosia, is taking on both Google and climate change as they aim to be the social impact search engine.
N Kristock: Hey, this is Nick.
C Cecchini: This is Cam.
N Kristock: And this is your Social Impact Roundup for the week. Today we’re talking about an investment app that lets people make money and a positive impact on the planet. We’re talking about the world’s first social stock exchange, how there’s a way to profit off helping California prevent those wildfires, women investing in women and a search engine that uses its profits to plant trees around the world. Here we go.
N Kristock: Welcome. Welcome. You’re listening to The Science of Social Impact, a podcast from Crate of Good. We are on a mission to educate and inspire you to make social impact part of your daily life. Thanks for joining. Let’s make an impact right now.
N Kristock: You got Nick and Cam here for your Social Impact Roundup. Normally I fly this one solo but I was with Cam today and I figured, Hey, let’s get him on the mic with me. He might have some good questions or insights, so hopefully that is cool with you guys and Cam, I didn’t really give you an option, but you’re joining me. Hope you’re, hopefully you’re excited.
C Cecchini: Let’s do it.
N Kristock: Awesome, man. We’ll get into the first headline here. The investment app that lets people make money and a positive impact on the planet. So growing demand for more ethical investments, particularly among millennials, led to entrepreneurs to create “tickr,” a new social investment app that enables people to back globally listed businesses that are committed to making positive social change so they can put their money into specific companies spanning four separate themes. We’ve got climate change, equality, disruptive technology or some combination of the three. So the business was launched earlier this year by two gentlemen who both worked in investment management and both had come to view the finance sector as largely inefficient and earning revenue. Then profit indiscriminately with no real thought about where the money came from nor the impact of it. Something you think you might download, Cam?
C Cecchini: Most certainly. I love seeing these businesses that that go after or that are focused on a specific market and then add the social impact twist to it. This is probably the third or fourth time that we’ve seen businesses do that just through our research here and I just love seeing that.
N Kristock: Ditto, man. You know me, I’m an advocate for social impact in any single industry that you could name. So this is great, tickr, we’ll be checking that out and we’ll be linking to that in the show notes. Moving into our second headline, The Highs and Lows of Creating the World’s First Social Stock Exchange. Wow, this one is going to be wild. So the world is coming around to social stock exchanges or SSE’s and just the past few months, Scotland, Jamaica, and now India have thrown their hat into the ring to launch their own social stock exchange platforms. All with the hope of solving one of the greatest challenges to social capital markets: the need to connect capital to socially minded organizations at scale. So this budget proposal by India’s finance minister, what came in July to create this social stock exchange is a positive sign, a broader commitment by the country to commit to inclusive growth. A really interesting, it’s going to take us some time to wrap our heads around exactly what this social stock exchange will do and how it will work. But I think it’s a pretty interesting concept and I will be very interested to see when the US if the US jumps on board with this concept.
C Cecchini: Do we know how the exchange works with social impact bonds or any mix between the two?
N Kristock: Yeah, we don’t, but I would guess that it’s a, it’s gonna function pretty similar to a social impact bond, but we’re going to dig deeper into this article from Court’s India. That tells us all about this social stock exchange. Our, Glenn’s with the great snippet here, the growing presence of likeminded people who are looking to launch a social stock exchange demonstrates a major accomplishment for impact investing. Our task is to collectively dream bigger and bolder so that we are not limiting our vision to just one platform, but truly creating inclusive markets by enabling everyone to play a role in finance for good.
C Cecchini: Got to love more social impact investing tools. That’s just the best.
N Kristock: That’s it. That’s what we preach here. Moving on to our third headline, this one definitely caught my eye and my ear. There’s a new way for investors to turn a profit while helping California prevent fires. What could this one be about? Holy smokes. So key points here. The forest resilience bond was developed by the nonprofit investment firm, Blue Forest Conservation, a Sacramento, California based startup in partnership with World Resources Institute. It seeks to lower the risk of dangerous and destructive wildfires by shifting the heavy costs of forest restoration from the States forest service to private investors. Isn’t this one interesting man? I know we look at the news, we see what’s going on in California, breaks my heart. I as you know, I lived in Australia and the fires there are just devastating right now. The wildlife that’s getting harmed. Um it’s, it’s some bad stuff and so it is great to see that people are just, you know, hustling to find more creative ways for us to participate in the change. That needs to happen for sure.
C Cecchini: And making it a little bit more competitive too. Yeah, absolutely. The private sector for sure.
N Kristock: Absolutely. So check that article out. That is from cnbc.com. Moving into our fourth article. This one’s from fortune.com and it’s titled When Women Invest in Other Women. So take it from an entrepreneur like the person who wrote this article. Raising money is one of the greatest challenges in getting a startup off the ground for female founded startups. The fundraising playing field is particularly lopsided, so much so that anyone who values women’s economic advancement should pay attention. A recent report by the national venture capital association and PitchBook found check this stat out Cam, that in the first half of 2019 investment in female founded startups accounted for just 2.9% of total venture investments.
N Kristock: Only a slight improvement from 2.3% in 2018.
C Cecchini: Not the trajectory we’re looking for.
N Kristock: Three out of every 100 startups. Man, that is wild. So women entrepreneurs can begin to close the funding gap for all by encouraging participation from investors who may have an easier time pattern matching female CEOs to successful outcomes, other women. So this is women helping women. This article is awesome, awesome spin on impact investing. And I think leveraging, equalizing the playing field, you know, no matter who it is, starting a social enterprise, we should have equal opportunity to those forms of venture capital because the reality is that ideas don’t have gender and ideas don’t have color. A good idea is simply a good idea and we’re advocates for that for sure.
C Cecchini: Couldn’t agree more.
N Kristock: We’ll get into our fifth headline for the day. This one from vice.com. This one’s about the environment. Headline, This search engine uses its profits to plant trees across the world. Meet the Berlin based tech company that is taking on the might of Google and tackling climate change at the same time. So Ecosia is the rarest of things. It’s a search engine with a conscience. It refuses to steal data, evade taxes or take any profits at all. Instead it puts its revenue into tackling climate change by planting trees around the world. It’s the brainchild of Christian Croll, a mild mannered 35 year old German tech entrepreneur. He started the site with his sister in the storage room of a mosaics workshop in Berlin a decade ago. Today. It operates out of a hip warehouse in his neighborhood and the entire operation runs on its own purpose-built solar plants.
C Cecchini: Unbelievable.
N Kristock: Ecosia is preparing to celebrate its 10th anniversary this December and it seems their mantra of good not greed has struck a cord. Last year it saw an 82% year on year increase in searches globally.
C Cecchini: Unbelievable going up against Google man. Gotta do it.
N Kristock: Dude, I mean they, so like the famous comparison would be David and Goliath. Right? I just feel like anyone versus Google is like David versus a hundred million Goliath crazy. There, the founder of Ecosia is quoted as saying, “Right now we’re still minuscule compared with Google. I think in Germany we have something like maybe 1% or less of the market share, but out on the streets with extinction rebellion, everyone has heard of us. I think we have something that in the longterm will be a huge advantage over Google. And that’s trust and trust is something that money simply can’t buy.”
C Cecchini: For sure. With the focus of privacy. I mean, so it sounds like this search engine does not let go of that data.
N Kristock: You got it.
C Cecchini: Close to the chest as they should.
N Kristock: That’s the CEO of Ecosia operates under it seems like, operates under the mantra that companies have a responsibility to behave like role models and in a lot of areas they don’t. And so they are trying to set that example and we of course are big advocates for anyone setting the standard in the social impact world.
C Cecchini: Gotta try to get them on the podcast.
N Kristock: Yeah, absolutely. Let’s go get them. Why not? Like we’re going to send this guy an email. I think, yeah, I think he’s from Germany so we’re going to have to brush up on our German, I think his Deutsche, I think that’s it. Hey. But Germany’s a Germany is actually known also for social enterprise. There’s a lot of cool stuff happening over in Germany, so so that’d be great. So check it out guys, Ecosia. That has been your Social Impact Roundup for the day. Thank you for joining me Cam.
C Cecchini: Absolutely man, my pleasure.
N Kristock: And to all of you out there, let’s go make a difference.
N Kristock: Appreciate it. Thanks so much for being with us on this episode of The Science of Social Impact, a podcast from Crate of Good. Let’s go out there and make the world a better and brighter place. I’ll see you when I’m looking at you.