Bringing you live news and features since 2006 

Lord Wei of Shoreditch

New report by Lord Wei calls on investors and governments to support impactful investing

RELATED TOPICS​

“The Wei Forward Report”, written by Lord Wei of Shoreditch, the social entrepreneur and Conservative peer, and commissioned by Future Planet Capital, the international impact investment group, sets out how venture capital can provide the solution to harnessing university-originated innovation, enabling a next generation of entrepreneurs to supercharge efforts to solve the biggest problems like climate change, health, educations, and security issues, whilst still delivering profits for investors. 
 

Backing innovative solutions to solve pressing issues does however require collective action, the report calls for a concerted effort to be made by all stakeholders to unlock venture’s potential and proposes a series of policy measures, including:
 
•    Governments must play a larger role as a procurer of innovation and encourage impactful venture investing with green and impact-oriented tax breaks, rewarding the next generation of young savers to back impactful investing
•    Pensions industry regulators should take a more balanced risk approach and favour impactful investing. To not do so, given the societal and planetary risks we face, is a risk itself; one that the regulatory system should be accountable for, alongside protecting the immediate financial returns and assets of members. 
•    Society and the general consumer must play a more active role in holding legislative, ruling and regulatory bodies to account, using tools such as the Companies Act 2006, Section 172. 
 
Lord Wei of Shoreditch, Member of the Future Planet Capital Advisory Board, says: “We have come a long way in reversing the crises of our age, but to secure this progress for future generations requires us to go further; to not just talk green but act green. The technologies needed to achieve Net Zero simply do not exist today, nor do the tools to protect us against the next pandemic. To secure these, there needs to be a dramatic increase in the flow of capital to the world’s best scientists and engineers.
 
“While much of the responsibility for expanding impact investing rests with VC investors and founders, policy makers, regulators, LPs, pension funds and consumers must all play a critical role in bringing impact to mainstream adoption must be recognised and harnessed. Through this report, I hope to kickstart a practical conversation as to how we can all endeavour to deliver positive change.”
 
Douglas Hansen-Luke, Chair of Future Planet Capital, says: “We at Future Planet Capital have always believed in the power of profit and purpose; creating channels for large scale investment to back the best brains tackling the biggest global issues. There is now a general recognition that science and centres of innovation have a fundamental role in addressing global challenges and that the government and private sectors can materially accelerate and scale the impact of their work. We grew out of that desire to make difference, and I look forward to working with many likeminded stakeholders to help put this report’s ideas into practice.”
 
  
 

Latest News

Amundi’s ETF Market Flows Analysis for May finds that global ETF inflows were EUR105.1 billion with US-domiciled equity funds accounting..
MerQube has announced the appointment of Dave Mueller as Chief Financial Officer. Mueller brings 17 years experience operating in corporate..
Northern Trust Asset Management (NTAM), has announced that David Abner is joining as Head of Global ETFs and Funds...
Nvidia’s market cap surge to more than USD3 trillion making it the second most valuable company in the world almost..

Related Articles

Darren Johnson, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Stuart Chaussee
In January this year, global data and business intelligence platform, Statista reported that there are now more than 8000 ETFs...
Ethereum coin
Last week saw Australia launch spot bitcoin ETFs, with Matteo Greco, Research Analyst at Fineqia International, writing that Monochrome Asset...
Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by