Economics

When individual countries hit a crisis, they've got 2 options, they can either look after themselves (at the cost of their neighbours) or they can create rules which they (and everyone else) will abide by, which requires institutions.

Director of the Blavatnik School of Government at Oxford University

For large corporations, globalization opened up opportunities without the correlate responsibilities which usually travel with that- so things that banks must do at home (in terms of being carefully regulated) they didn't have to do abroad... This took globalization out of balance, into a vicious cycle – and we're now dealing with the consequences of that.

Director of the Blavatnik School of Government at Oxford University

When you empower people economically, your social programmes go further. The idea that there is a stark separation between a social program that's sustainable and economic program that's a luxury doesn't fit the reality. When you join economic empowerment to social protection, you get double the benefit.

British Labour Politician & Former Foreign Secretary

Ultimately, we want to make it unnecessary to be a B Corp – we want it to be just the norm of how all businesses are run, but that means we have to change the rules of the game and the role of business in society.

Co-Founder of Bridgewater Associates & Pioneer in Radical Transparency

We need companies to play by a different set of accountabilities, not just those that are related to performance. It's about creating legal accountability around the creation of value for stakeholders, not just shareholders. That's what changes the conversation in the boardroom.

Co-Founder of Bridgewater Associates & Pioneer in Radical Transparency

Systems change is slow because it requires consensus that there is a system failure to start with, as well as the presence of a viable alternative. This requires a combination of culture shift, behavioral change, and structural change to ultimately change the rules of the game.

Co-Founder of Bridgewater Associates & Pioneer in Radical Transparency

Economics is like artificial intelligence, it's not really there… there's no physical invisible hand…. It's about people interacting with people against a social order, a set of ethics, principles and practices.

Pioneer of Virtual Reality & Critic of Social Media

This year our footprint has gone down, but that has come at a huge human cost. There's no way we can aspire to decarbonise the way we have done this year, that's not responsible, the human cost cannot be sustained. We need responsible decarbonisation that creates jobs, creates wellbeing, and leaves the climate net better at the end.

Former UN Climate Change Executive Secretary & Global Climate Action Leader

If you or I buy an organic veggie-burger, that's great, but we're swimming against billions in subsidies. These are changes which will require government action at the highest level, consumer action alone will not get us there.

Environmental lawyer and founder of ClientEarth

We can't only rely on consumers making individual choices. If you switched your energy to someone who told you they are selling you 100% renewable energy, that's great, but it doesn't shift the energy system to renewables. You need to have energy markets that are designed to encourage investment into renewable energy.

Environmental lawyer and founder of ClientEarth

We are now at the same crossroads, with impact. There is an interesting parallel here with 1933, when we introduced the GAAP. Until then, there had been no real transparency on profit! After the Great Wall Street Crash of 1929, investors sat-up and said 'hey, this is crazy!' and they got transparency through the adoption of GAAP.

Founder of Social Venture Network & Pioneer of Social Impact Investing

This is transforming the whole of our economy and we are seeing more companies making decisions across those dimensions of risk-return-impact and being judged on the basis of the profit and impact they create. It really turns our economies away from risk-return (where they create profit without counting the huge damage they cause) to risk-return-impact.

Founder of Social Venture Network & Pioneer of Social Impact Investing

Out of the 1,800 companies we measured, 250 created more environmental damage a year than profit. 600 created environmental damage of 25% or more of their profits. Together, the 1,800 businesses we researched created over $3 trillion of environmental damage in a single year.

Founder of Social Venture Network & Pioneer of Social Impact Investing

I became a venture capitalist because I wanted to help society by creating jobs at a time of high unemployment in the UK. As the years went by, I realised that while we were indeed helping people who came from nothing to make money, improve the lives of people around them, create jobs, financial value and wealth- the gap between rich and poor was getting bigger, not smaller.

Founder of Social Venture Network & Pioneer of Social Impact Investing

Cryptocurrencies follow a 3–4-year cycle that seems to repeat. We have 'crypto winter' which is when media interest is generally low, then sudden price rises that bring attention and cascading hype. I don't think of cryptocurrencies on the whole as being a bubble, but rather that they are bubbly-terrain depending on where we are in the cycle.

We are seeing the emergence, development and evolution of entire monetary systems live, unfolding before our eyes. You have Bitcoin and Ethereum and can imagine them as international monetary systems that bring-together local ecosystems. We used to have gold as a key reserve asset, and now it's the US dollar.