- Work done with hands is the second-largest employer of women in developing economies. The “handworker economy” accounts for 300 million jobs globally, says Nest, a New York nonprofit.
- The 70 million forcibly displaced people around the world represent a growing global challenge. But behind the images of border conflicts and crowded camps, a new narrative is emerging: Refugees as resilient, employable, credit-worthy and, increasingly, investable.
- The venture fund has raised $2.5 million in new capital, bringing the fund’s final close to $25.2 million.
- The socially responsible auto-investment advisor raised its Series A round with QED Investors as its lead investor
- Promise... works with defendants to be sure they appear at court dates, undergo drug testing and treatments, get to classes and meet other obligations.
- Reduces costs...The firm charges towns and counties as little as $17 per person per day, compared to $85 or more per day for jail time...
Working to end forced labor and poor conditions in global supply chains in not new. What’s new are the growing number of “labor-lens” investors betting on strategies for ending exploitative working practices. Disrupting the $51 billion in profits reaped from goods made with forced labor, including about 25 million people in modern slavery conditions and
Humanity United, part of the Omidyar Group, has raised $23 million to invest in early-stage technology companies fighting human trafficking and other abusive practices in corporate supply chains around the world. Humanity United’s fund, called Working Capital, is backed by Walt Disney Company, Walmart Foundation, C&A Foundation, and several impact investors, including the Soros Economic Development