Summa & Friends
Ep #11: Leading Despite Ambiguity in the Sustainable Investing
How do you lead despite ambiguity in the world of sustainable investing? That’s the question Zoe Bulger, Impact Manager at Summa Equity is discussing on this episode of Summa & Friends.
With more traditional actors entering the Impact ESG space, and lots of regulatory movement as well, Zoe shares some of the challenges and shifts defining this moment
With a background in the social sector focused on supporting mission-oriented founders and organizations, Zoe’s role at Summa is all about integrating impact ESG across the investment process and across portfolio companies, as well as the reporting side of it.
On today’s podcast:
- The challenges and shifts defining this moment in impact investing
- How do you stay the course despite the ambiguity of regulation?
- What’s the impact of Article 9?
- What is a theory of change and how does it work?
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Ep #22: Hidden Potential: How to Become Your Better Self42:55We're not formed as one individual with no ability to change, says Adam Grant, organizational psychologist at Wharton and best-selling international author, we can retrain, we can all grow and change, we can all find our hidden potential. The question is, what do we need to do to bring out the best in ourselves and those around us? In this episode of Summa & Friends, Adam discusses boundary setting, why we need a network of disagreeable givers, why we need to ask for advice rather than feedback, and why his ultimate passion is self improvement. “Steve Jobs understood the value of a challenge network, he surrounded himself with disagreeable givers who saw a better way to advance the mission, even though it conflicted with Jobs’ vision, and, hey, if you could challenge Steve Jobs, you could probably challenge anyone.”To find out more, download and listen to this episode today.On today’s podcast:The importance of setting boundariesHow to create a culture of radical transparency Build a network of disagreeable loyalistsHow to elevate yourself and others
Ep #21: How to Humanize Leadership at Work44:25If your workplace is all love and hallelujah, says Gianpiero Petriglieri, Professor of Organizational Behavior at INSEAD, and one of the 50 most influential management thinkers in the world, then it’s a cult. If you want your organization to be high performing, you need some friction and debate, because we can’t always be real and feel good. “My passion is this idea of humanizing leadership, of making space for all that is messy and contradicting and complicated in people and in the systems they inhabit.”Real leadership, says Gianpiero, is caring about people and bringing them to life in a way that isn’t just efficient, but is sustainable. How can we help each other? How do we hold each other up? How do we support and challenge each other as we build the kinds of organizations that we want to build, not just to invest in, but to live in. To find out more, download and listen to this episode of Summa & Friends.On today’s podcast:Put your people before purposeThe need to be able to shift paceWhat makes a leader in our timesHow to become a better leaderDon’t let anyone call you a future leader
Ep #20: How Norway is Helping Resolve the Climate Crisis39:17Norway plans to be a low carbon economy by 2050, but the transition to get there keeps getting delayed, says Martin Skancke, Chairman of the Norwegian government's commission on transition to a low carbon economy, and Chairman of PRI (Principles for Responsible Investment) and board member in several companies. We’re thinking too short term, says Martin, we aren’t looking at a long time horizon and therefore we’re increasing the risk as we run out of time. What needs to happen is for all stakeholders to connect the bigger picture with their plan for how to get there. In this episode of Summa & Friends, Martin discusses where his passion and deep commitment to help resolve the climate crisis came from, what managers of listed equities can learn from managers of private equity in terms of addressing corporate governance issues, before delving into his work around Norway’s transition to a low carbon economy. “We started at the opposite end, we started by incentivising everyone to buy their own electric car, and we'll find that policy will be difficult to reverse. But if we had thought more systematically about a solution that has a natural place in 2050, we would have maybe thought about it differently.”To find out more, download and listen to this episode. On today’s podcast:Developing a passion to resolve the climate crisisNorway’s transition to a low carbon economy The global institutional failure to find a solutionThe risk side of transitioning too lateWhy the world needs more climate policy action
Ep #19: How Investment Leaders Can Amplify Their Impact34:06We need strong private equity leaders to tackle the current challenges in the private equity investing space, says Tanya Carmichael, systems thinker, private equity investor, and return-on-impact advisor for ESG in PE & Pension Funds. And that leadership has to be authentic and genuine, inclusive and open. In this episode of Summa & Friends, Tanya discusses how investment leaders can amplify their impact, how they can leverage holistic systems thinking to embed ESG initiatives in their private equity investing, and how they’ll be rewarded for their efforts both now and in the reimagined future.“People love being part of the solution and being part of this. A lot of leaders I see are worried about this uncharted territory. It's important that leaders just admit: ‘I don't know how to get there and we need to do this together’.”To find out more, download and listen to this latest episode, and read more about Tanya here: www.tanyacarmichael.comOn today’s podcast:The convergence of challengesHow leaders of a reimagined future will be rewarded How to navigate unchartered territoryGlobal problems need collaborative solutions
Ep #18: The Theory of Change & Circular Economy31:36Over 20% of Europe’s CO2 emissions are a result of a linear economy, a number which can be reduced by 55% if we transition to a circular economy, says Bertrand Camus, former CEO of French multinational utility company SUEZ, now partner at Summa Equity. But that’s not the only reason to make the change… Moving to a circular economy has a potential value creation opportunity of between EUR 1-2 trillion, not to mention all the jobs that go along with that. And given the size and magnitude of what needs to be achieved to get there, there is room for anyone who wants to play a role in this great journey we need to embark on. So, how can you get involved? To learn more about Summa’s work in waste management, and to hear Bertrand discuss the theory of change, and reveal the massive opportunities that lie in the circular economy, download and listen to this episode today. “It's one of the most fantastic investment opportunities that I've seen, where you can really invest to create value and create jobs, and address the resource problem that we have, and the climate change issues and CO2 emissions that we have.”On today’s podcast:What the future looks like Understanding the theory of changeThe opportunities in a circular economy What needs to be done to make circularity a reality in Europe Links:https://summaequity.com/readings/eu-circular-markets-could-be-worth-eur-1.5tn-by-2040-and-save-650-mt-co2e-per-year
Ep #17: The Power of Directing Capital42:19The United Nations Sustainable Development Goals (SDGs) has been described as a business plan for the world, highlighting 17 broad problem areas for which the world needs to find solutions. While originally intended for governments, the UN SDGs is also a powerful framework for investors who have both financial and sustainability objectives. Creating truly sustainable portfolios is hard and requires a fundamental rethink of the entire investment process to incorporate impact as a third dimension, alongside risk and return. So, says Carsten Stendevad, co-CIO for sustainability at Bridgewater who shares his perspective on the challenges and rewards of building sustainable portfolios in today’s episode. On today’s podcast: ● Bridgewater’s sustainable investing journey ● How Bridgewater applies their systematic research approach to sustainability ● Assessing net zero alignment – from macro to individual players● Balancing return, risk and impact to achieve strong financial and sustainability outcomes● Reflections on a sustainable future
Ep #16: How Businesses Can Do the Right Thing37:35How do you make your money? Does your business have morals? The world is changing, says Alison Taylor, Clinical Professor at NYU Stern School of Business and Executive Director at Ethical Systems. People care, consumers care, employees care, everyone has started caring more. And if you want to futureproof your organization, you need to put morals back into it. It's not about how much money a company makes now, it's about how you make your money, and who wins and who loses while you’re doing that. A company needs to grow and make profit to survive, says Alison, that is not a debatable point. Just as human beings need a beating heart to survive. But a human being does not exist solely to be a vehicle for its beating heart, in the same way your company can no longer solely make profit to survive, you need to find another reason to exist. To find out more, download and listen to this episode of Summa & Friends.On today’s podcast:Why ESG and sustainability are not the same thingIs ESG a moral issue?How to do governance - best practice adviceThe future for ESGThe problem of ethics and morals with ESG
Ep #15: Navigating the Cognition Crisis With Digital Medicine39:33Imagine playing a video game where data about you in the moment is being collected with sensor technology, performance metrics, emotional responses, body movements, brain activity. And this is all used in real time to guide the environment you're experiencing, personalizing both the challenges and rewards to improve your cognition. No, this isn’t the plot of a sci-fi movie. We’re in the midst of a cognition crisis and experiences are a powerful way of changing our brain, says Adam Gazzaley, neuroscientist, neurologist, inventor, author, photographer, entrepreneur, investor, and creator of the first ever digital medicine, and the first ever FDA cleared digital treatment for children with ADHD. In this incredible episode of Summa & Friends, Adam explains why the cognition crisis is getting worse on a global scale, especially for our children, and why his digital medicine was born out of a frustration at the lack of research and treatment that we as a species should have developed by now. To find out more, download and listen. On today’s podcast:What is digital medicine and who is it for?What is the cognition crisisWhy we need a multi-modal approach to improving cognitionThe enduring nature of experiential medicine
Ep #14: The Impact Revolution - Investments that Count47:16Sir Ronald (Ronnie) Cohen, a preeminent philanthropist, venture capitalist, private equity investor, and impact pioneer is driving the global Impact Revolution. Ronnie's nearly two decades of initiatives in impact investment have catalyzed global efforts towards social and environmental good, through business and investment.With advances in technology, artificial intelligence, and machine learning, Ronnie says the impact revolution has never been more possible. The fact that technology allows for granular measurement of a company's impact in monetary terms, is truly a game-changer for impact transparency.In this episode of Summa & Friends, Ronnie explains why the impact revolution will see a huge acceleration in the coming years, and how businesses can optimize to ensure risk, return, and impact are balanced. To find out more, download and listen today. On today’s podcast:What is the impact revolution?How to accelerate the translation to impact economiesFrom social investment to impact economiesDon’t confuse impact investing with philanthropyMake impact the center of your focus