How impact businesses can target investment
While the UK was basking in record temperatures, the Mediterranean was burning: literally. With devastating human and economic costs. Many countries including Greece and Portugal all experienced the ferocity of extreme weather with wild fires.
The difference between weather and climate means that we cannot officially say this is caused by human activity. But it is unequivocal (with 97 per cent consensus among the scientific community) that warming from greenhouse gas emissions is contributing to the growing frequency and severity of extreme weather.
And climate change is only one of the great ‘moral issues’ of our time, as Pope Francis described it in 2015. The United Nations has marked out 17 pressing social/environmental/economic issues in its Global Goals for Sustainable Development (SDGs for short).
At this moment, innovation is set to play a decisive role in the outcomes. We are already seeing entrepreneurs emerging with solutions: re-usable tampons, food packaging that tells you when food is off, fishing nets that ward off the wrong types of fish. These ‘impactful’ businesses show that profit doesn’t have to preclude conscience. Investors who look for profit-with-purpose companies are known as impact investors and their numbers are on the up as they realise that saving the world is a vast and lucrative market.