Category: Corporate Purpose

Fitch Ventures, the investment arm of ratings heavyweight Fitch, has backed an impact technology company in a $6m Series A fundraising round. Diginex uses blockchain and artificial intelligence to help companies report credible ESG data. It currently works with Microsoft, Coca-Cola, the US State Department, the World Economic Forum and the UN, and has named Tomicah Tilleman, former Senior Advisor to Joe Biden and Hillary Clinton, to its board. 

Nearly two thirds (64%) of executives responding to a survey by the Association of International Certified Professional Accountants said that corporate purpose should receive more focus than profit, but less than half (48%) said it is present within their organisation. The annual Purpose Drives Profit Report, conducted in partnership with The Value Reporting Foundation and Black Sun, highlighted a discrepancy between the belief and practice, with just 11% of respondents saying they made “extensive…