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Omidyar Network pledges $100 million to fix global trust deficit

Omidyar Network has pledged $100 million to fix the global trust deficit. “A lack of government responsiveness and a growing distrust in institutions, especially the media, are eroding trust,” said Matt Bannick, managing partner of the philanthropic investment firm of eBay co-founder Pierre Omidyar, and his wife, Pam. At the Skoll World Forum in Oxford, England, the

Turkish online-payments firm Iyzico raises $15 million to fund Middle East expansion

Istanbul-based Iyzico was launched in 2012 to help merchants take advantage of Turkey’s large online customer base. It has since expanded across the Middle East, where it was the first international payments platform to integrate businesses from Iran. It plans to use the funds to expand further into new Middle Eastern markets and to Europe. With more than

New ESG products showcase sustainability in Latin America and…the future

IndexAmericas, a new benchmark from the Inter-American Development Bank and S-Network, was released yesterday in Buenos Aires. Formally named the IDB-IIC Latin America Corporate Sustainability Index, it recognizes companies in Latin America and the Caribbean based on performance against 172 environmental, social and governance indicators selected by the IDB, including 15 specific to the region. Also in

IDEO wants to increase opportunities for people living with disabilities

About a billion people around the world live with disabilities, and a disproportionate number live in poverty. They also face limited access to health, education, livelihood opportunities, fair wages, and support. Some of these areas have seen progress — even some breakthrough innovations. Although disability shows up in multiple Sustainable Development Goals, too few resources and investments are

What will business look like in the resource-scarce future?

2030 Projections about the billions of people set to join the global middle class by 2030 (it’s three billion) are often linked to estimates of growth in consumer spending (including on ImpactAlpha). But there’s a catch, says the World Resources Institute. “Current consumption patterns, even assuming efficiency improvements, put the global economy on an impossible

New ESG products showcase sustainability in Latin America and…the future

IndexAmericas, a new benchmark from the Inter-American Development Bank and S-Network, was released yesterday in Buenos Aires. Formally named the IDB-IIC Latin America Corporate Sustainability Index, it recognizes companies in Latin America and the Caribbean based on performance against 172 environmental, social and governance indicators selected by the IDB, including 15 specific to the region.

Why the Ford Foundation’s $1 billion announcement is a bigger deal than you think

I once talked to a successful businesswoman and philanthropist — let’s call her Jane — who had set up her own foundation to give money to educational causes. I was trying to convince Jane to invest in an education technology startup that had been improving student outcomes in low-income schools, and rapidly growing. Jane looked perplexed. She said, “Ross,