As over $10 trillion in assets transition during the "Silver Tsunami" of retiring baby boomers, the Employee Ownership (EO) movement is gaining momentum. Transform Finance new report analyzes 53 EO funds across the U.S. and Canada, offering key insights and recommendations for impact investors ready to engage in this space. At the Predistribution Initiative, we believe EO is critical to creating a more balanced and stable economy. This briefing is an excellent resource for investors looking to support workers and build long-term value. https://lnkd.in/gtYkwWQt
Predistribution Initiative
Research Services
The Predistribution Initiative (PDI) is a multi-stakeholder effort to improve investment structures + practices
About us
The Predistribution Initiative (PDI) is a nonpartisan, multistakeholder non-profit designed to co-create improved investment structures and practices that share more wealth and influence with workers and communities. We believe this is the best way to address systemic risks like inequality, biodiversity loss, and climate change, which manifest as systematic risks in markets and investors’ portfolios.
- Website
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https://predistributioninitiative.org/
External link for Predistribution Initiative
- Industry
- Research Services
- Company size
- 2-10 employees
- Type
- Nonprofit
- Founded
- 2019
Employees at Predistribution Initiative
Updates
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We are pleased to extend a very warm welcome back to Raphaele Chappe, one of PDI's Co-Founding Partners, as Director of Economic Research. Raphaële brings over 20 years of experience in law, economics, and finance with positions spanning academia, research, and industry. In addition to impact investing and sustainable finance, her research interests include monetary policy, non-bank financial intermediaries, and the link between financial markets and wealth inequality. She has worked in fintech on innovations in decentralized finance and earlier in her career, specialized in tax structures for investment banks and private equity deals at Goldman Sachs, Ernst & Young, and KPMG. Raphaële is a former Open Society Foundations Research Fellow and has taught courses in finance and macroeconomics at various institutions, including NYU Tandon School of Engineering, the Brooklyn Institute for Social Research, Parsons School of Design, and Drew University. She holds a Ph.D. in Economics from The New School for Social Research, and an LL.M from New York University School of Law.
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As part of its Working Group, we are excited to invite you to a special 30-minute webinar on Friday, September 27 at 8am ET / 2pm SA / 7pm ICT to celebrate the official launch of the Taskforce on Inequality and Social-related Financial Disclosures (TISFD)! TISFD is a cross-sector initiative that will develop a global framework that enables businesses and investors to effectively identify, assess, and report on their inequality and social-related impacts, dependencies, risks, and opportunities. The ultimate objective of the Taskforce is to improve corporate and investor practices so that they engender more equitable and resilient societies and economies. In the post below you can find the link to register.
Save the Date! Join us for a special 30-minute webinar on Friday, September 27 at 8am ET / 2pm SA / 7pm ICT to celebrate the official launch of the Taskforce on Inequality and Social-related Financial Disclosures (“TISFD” or “the Taskforce”)! TISFD is a cross-sector initiative that will develop a global framework that enables businesses and investors to effectively identify, assess, and report on their inequality and social-related impacts, dependencies, risks, and opportunities. The ultimate objective of the Taskforce is to improve corporate and investor practices so that they engender more equitable and resilient societies and economies. During the launch webinar, attendees will have an opportunity to: - Meet the new Co-Chairs for TISFD and hear their vision for the Taskforce - Hear answers to our most frequently asked questions from our Co-Chairs - Learn about opportunities to engage with TISFD and next steps looking ahead The session will be recorded and shared with the public following the webinar so that it can be viewed in any time zone by all. Please use the link below to reserve your spot! https://lnkd.in/eNsfUpkk
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Addressing price gouging requires a root cause analysis and systemic change for meaningful impact. Recently in ImpactAlpha, Margot Brandenburg of Ford Foundation highlights how the benefit corporation model of corporate governance can help balance interests between a company's stakeholders, including investors, workers, communities, suppliers, consumers, and the environment. She writes: "There are now thousands of companies in the US that are legally incorporated as benefit or public benefit corporations, which means they must be “managed in a manner that balances the stockholders’ pecuniary interests [with] the best interests of those materially affected by the corporation’s conduct.” Read the article below to learn more: https://lnkd.in/gvzPGxA7
Consumers, groceries, price-gouging and stakeholder capitalism
https://impactalpha.com
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A global recruitment call is underway to appoint new members to three Global Reporting Initiative (GRI) governance bodies that underpin the continued success of GRI – the provider of the world’s most widely used sustainability reporting standards. With a total of eight vacancies, GRI is looking for experienced professionals from diverse backgrounds to apply to join the following governance bodies, from 1 January 2025. The call for new members is open until Friday 27 September 2024, 23:59 CEST.
❗Nominations are now open for new members to join 3 of our #governance bodies that support GRI's strategic planning to underpin standard setting. Candidates can submit applications until 27 September to be a part of 👉 ✅Supervisory Board: the body responsible for overseeing GRI’s long-term priorities and strategy. ✅Global Sustainability Standards Board (#GSSB): the independent entity responsible for developing and setting the #GRIStandards. ✅GRI Due Process Oversight Committee: the body that ensures GSSB standard-setting activities are conducted in accordance with its due process. Appointments to all these governance bodies are on a voluntary basis and members serve a term of three years. Find out more about how to apply and the remit, expectations, responsibilities and time commitment for each position 👉https://lnkd.in/djrkNsc9
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At the Predistribution Initiative, we believe that externalities—costs like low wages or excessive carbon use—shouldn't be overlooked or passed off as inevitable side effects of business. Jeremy Nicholls, assurance framework lead for the UNDP SDG Impact Standards and an ambassador to the Capitals Coalition, recently published this article which makes a compelling case for why these externalities should be recognized as material issues within financial reporting. Jeremy highlights how companies can use existing accounting standards, like IAS 37, to internalize these externalities, transforming them from "external" concerns into material obligations that impact financial statements. This isn't just about compliance—it's about aligning corporate actions with the true costs and impacts of doing business. By recognizing these externalities as material, companies can drive more sustainable and equitable business practices, ensuring that their operations reflect not just financial returns, but their broader social and environmental responsibilities. It's time to rethink materiality and ensure that all costs—financial, social, and environmental—are accounted for. #Materiality #Externalities #Sustainability #CorporateResponsibility #Accounting https://lnkd.in/edubaPfV
Externalities are a choice: why society should expect company directors to take impact responsibility
pioneerspost.com
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We are thrilled to have shared our recent newsletter this week! https://lnkd.in/gWn6ZvSx Since our last newsletter in May, our team has been hard at work advancing key projects and laying the groundwork for exciting upcoming initiatives. As we enter a strategic new phase of development, we’re pleased to introduce a refreshed newsletter format, aligning our work across three core pillars: Measurement, Management, and Market & Investment Structures. As a summary of this newsletter: - Measurement & Evaluation: Updates on the Taskforce on Inequality and Social-related Financial Disclosures (TISFD) and our contributions as a founding Working Group member. - Management Practices: The co-creation of alternative approaches to traditional financial benchmarking practices and the consideration of externalities in accounting and financial practices to influence capital pricing and allocation. - Market & Investment Structures: Our programs to build wealth and influence for workers and communities through innovative investment structures. This approach will be further refined to emphasize our commitment to building a pre-distributive, regenerative economy. We hope you will join us! #Newsletter #TISFD #Predistribution #RegenerativeEconomy #PDI #EmployeeOwnership #Benchmarking #Inequality
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If you are based in Asian / Oceania time zones, we hope you can join us for this overview of the Taskforce on Inequality and Social-related Financial Disclosures (TISFD). Thank you to the Monash Business School, Group of 100, Terence Jeyaretnam, and Michaela Rankin for convening the session!
In late September 2024, the Taskforce on Inequality and Social-related Financial Disclosures (TISFD) will be launched. As we look ahead to the launch, the Taskforce on Inequality and Social-related Financial Disclosures (TISFD) Working Group and Monash Business School & Group of 100 are pleased to invite you to a webinar to learn more about the forthcoming Taskforce. Markets rely on people and society to operate. These dependencies, as well as the impacts businesses and investors have on people, can pose major business risks or opportunities. Inequality is a system-level risk for the economy, which can undermine the functioning and stability of society and institutions. TISFD will develop a global framework and recommendations for reporting and managing inequality and social-related risks, opportunities, impacts and dependencies. The framework will build upon existing initiatives and be positioned to be integrated within existing disclosure frameworks, including those of the ISSB, GRI, and EFRAG. The TISFD Working Group, comprising 25 organisations from business, finance, labour, and civil society, is working together to prepare for the Taskforce launch. At the 7th August ’24 webinar, representatives of the Working Group will present the proposed scope, workplan, and governance structure, and opportunities to become part of the Taskforce. Join us to share your feedback on how TISFD can add value to your work and how to make it relevant for your organization. In advance of the webinar, you are encouraged to visit the TISFD website at www.tisfd.org to learn more about TISFD and consider becoming a TISFD Supporter. G100 is keen to engage the Financial Function, and accordingly we are hoping that both sustainability and finance professionals will attend. Governance, General Counsel and Corporate reporting functions are also most welcome. Presenters Joanne Bauer - Member, TISFD Working Group and Co-founder of Rights CoLab Delilah Rothenberg - Member, TISFD Working Group and Co-Founder and Executive Director of the Predistribution Initiative Moderated by a member of the G100’s Sustainability Committee Join the Meeting at 9:00am - 10.30am AEST RSVP: please respond by Friday, August 2nd to [email protected]
TISFD
tisfd.org
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We hope you can join us for this important webinar tomorrow. Thank you to Nikolaj Halkjær Pedersen and the Principles for Responsible Investment team for hosting!
New Taskforce to launch in September 🍂 The Taskforce on Inequality and Social-related Financial Disclosures (TISFD) aims to create a global framework for addressing #inequality and #social issues, followed by offering guidelines on financial disclosures for companies and investors. 💻 This webinar will provide updates on why TISFD was created, its goals, governance, launch plans, and further engagement opportunities. 📅 Date: Thursday, 25 July 🕓 Time: 16:00 - 17:00 BST Register now: https://ow.ly/uOzI50SgcnG
Webinar | Introduction to the Taskforce on Inequality and Social-related Financial Disclosures
unpri.org
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📣 The Taskforce on Inequality and Social-related Financial Disclosures (TISFD) is actively seeking feedback on its proposed governance model. To facilitate this process, the Working Group members, including the Predistribution Initiative, are hosting a 90-minute session on August 13th at 8am ET to gather real-time feedback. To register for the event, please visit the link here: https://lnkd.in/eEX-Ssqw 📑 In preparation for this session, please visit the 'Provide Feedback' page on the TISFD site to access the governance model document prepared by the TISFD Working Group. This document outlines specific questions for consultation and details the proposed governance plan, including governance principles, organizational structure, and the roles and responsibilities for each Taskforce body. Join us in shaping the future of social and inequality-related financial disclosures! 💬 #TISFD #PredistributionInitiative #FinancialDisclosures #SocialImpact #Inequality
As we prepare for the launch of the Taskforce in September, we are seeking public input on the proposed governance model. We will therefore host a final 90-minute session on August 13th at 8:00am-9:30am ET (2-3:30pm CET) to share the model and gather real-time feedback. To register for the session, please visit the link here: https://lnkd.in/eEX-Ssqw In preparation for this session, please read the proposed governance plan in full on the 'Provide Feedback' page of the TISFD site (below). This plan includes TISFD’s governance principles, organizational structure, and the roles and responsibilities for each Taskforce body. There is also a survey link where respondents can submit their feedback. We welcome input from all interested stakeholders. We have extended the deadline for feedback on the proposed governance plan to Friday, August 16, 2024. We will publish a document with key takeaways from the feedback process ahead of the formal launch of the Taskforce in late-September. https://lnkd.in/e3MUK7JA Dmitriy Ioselevich Luda Svystunova Caroline Le Meaux Dan Mitler, M.S. Alexandra R. Carson Thal Bernadette V. Madeleine Evans Sebastián Welisiejko Santiago Sueiro Vincent Siegerink Delilah Rothenberg Shannon Mullins Juan Jardon-Pina Davide Cerrato Nikolaj Halkjær Pedersen Alejandro Bautista Camila Moar Joanne Bauer Paul Rissman Silvana Zapata-Ramirez Arabo K. Ewinyu Red Godfrey-Sagoo Polly Marsh DL Caroline Rees Bob Dannhauser, CFA, FRM Defne Sokmen Théo Jaekel Laure-Anne Parpaleix Marcos Mancini Luisa BERNAL Delfina Monteverdi Namit Agarwal Gerbrand Haverkamp Melinda George Deleuze Irit Tamir Sharmeen Contractor Angela Azumah Alu Liz Umlas Frederic Pinglot
Welcome! You are invited to join a meeting: TISFD Governance Consultation Session #1. After registering, you will receive a confirmation email about joining the meeting.
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