Principle of Charity

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Should Business Focus on Social Impact, or Just Stick With Profit?

Season 1, Ep. 6

Everyone is talking about “social impact”, or “purpose”, as a way for business to deliver greater good to society. But does having a social purpose actually help society any more than a business just focused on making goods that people want to buy, for profit?

 

Is social impact hollow virtue signaling, a marketing tool to make customers feel warm and fuzzy? Or does it in fact signal a profound shift in our attitude to capitalism, where the common good is finally put first, where it belongs?

 

With a global impact investment market at $715 billion worldwide, ESG (Environmental, Social and Corporate Governance) assets under management of $38 trillion, and businesses everywhere writing their impact manifestos, the stakes are high.

 

Andy Kuper is the CEO of LeapFrog Investments, and a founding father of “profit with purpose” movement. He joins Judith Sloan, Contributing Economics Editor with The Australian newspaper, and a strong advocate for the simplicity of profit, as we deep dive into this fascinating topic.


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You can be part of the discussion @PofCharity on Twitter, @PrincipleofCharity on Facebook and @PrincipleofCharityPodcast on Instagram.


Your hosts are Lloyd Vogelman and Emile Sherman.


Find Lloyd @LloydVogelman on Linked in


Find Emile @EmileSherman on Linked In and Twitter.


This Podcast is Produced by Jonah Primo


Find Jonah @JonahPrimo on Instagram.





 



More Episodes

11/7/2022

Spotlight with Claire Lehmann: Does the online media landscape help us seek the truth or win the fight?

Season 1, Ep. 21
Australian Claire Lehmann left university and founded the online magazine Quillette  to counter what she saw as an orthodoxy in knowledge coming from the progressive left. Claire perceived a lack of rigor in the humanities where, it seemed to her,  ideology was trumping evidence.Since its inception as a start-up in 2015, Quillette has gone on to achieve an international reputation for free speech advocacy, political commentary and journalism, appealing to as many as two million followers a month. It’s become a community for people who feel they’ve been ostracised by a progressive left wing media that doesn’t allow room for differing viewpoints. In this Spotlight episode, we explore with Claire some of the big issues facing the traditional institutions of academia and of journalism when it comes to the production of knowledge. Claire assesses the advantages of not just Quillette but of the online media landscape which has given voice to a whole range of people and diverse voices. We also probe the limitations of this world of online journalism, and ask Claire whether there’s sufficient rigor to ensure that knowledge is being improved.Guest BioClaire LehmannClaire is the founder and editor in chief of Quillette. She was named among  “Ten Aussies who Shook the World in Tech and Media” in 2018, and is a weekly contributor to The Australian. She co edited Panics and Persecutions: 20 Tales of Excommunication in the Digital Age which was published in 2020.