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Earth Day Panel

By April 22, 2022July 15th, 2022No Comments

JUSTLY Joins Industry Thought Leaders to Discuss ESG and Impact Investing

To mark the occasion of Earth Day, JUSTLY’s Aruna Inalsingh joined a distinguished panel of guests that included Ideanomics CEO Alf Poor, Andy Behar, CEO of As You Sow, and Evan Vahouny, Chief Impact Officer at Proof of Impact, on the Uncaged Show. The panel discussed the evolving dynamics of sustainability in business, impact investing, ESG reporting frameworks, and the impact of recent regulatory changes by the SEC that are focused on sustainability.

Video Transcript

[Music] hello everyone and happy earth day we’re

excited to talk to a group of experts in the sustainable business space today

really about some very important issues that face our planet and are actually reshaping

business and the business climate today we have pulled together a panel of

experts here i’ll let them introduce themselves in a second but certainly a lot of things

have started to change at the earlier part of this year the sec announced its proposal for

climate disclosures for u.s public companies the new rules would really

require businesses to report their greenhouse gas emissions along with details of how climate change is

affecting their businesses as well as many many other things and so we’ll go through that

specific change in more detail because uh it in fact actually i’d say at the

very least sets a tenor of where things are going perhaps in a much greater

sense is actually helping to reshape and outline where things are going to be evolving in the near future but if we go

through the group we’ve got an amazing group of folks here today we have alf por he is the ceo of ideonomics

andy behar who is the ceo of as you sow evan vahoony who is the chief impact

officer at proof of impact and aruna innocence who is the marketing lead at justly and we’ll go through each

one of these businesses but alf why don’t we start with you and tell us a little bit about your role at ideonomics

and what you guys are up to yeah thank you brandon thank you to the uh the fellow panelists today and happy

earth day everybody my name is alfred paul i’m the ceo of ideonomics and we’re a

company headquartered in new york and listed on the nasdaq we have two business divisions idenomics mobility

mobility focuses on electric vehicles hydrogen fuel cells and associated

energy storage and charging systems the second division we have is ideonomics capital which is focused on

the financial services side of things and one of our group companies is joining us today which is justly

great andy what are you up to it as you sow well thank you and also happy earth day

to everyone um as you sow has been around for 30 years we’re a 501c3 nonprofit focused on corporate

accountability we engage the largest corporations in the world and

we talk to them about issues climate is probably the biggest issue but also environmental health uh human rights

racial justice and and and other esg issues we

basically engage the companies we talk to them and if necessary we escalate by filing shareholder resolutions we’re

probably best known for being the number one uh filer of shareholder resolutions

and then engaging the companies beyond that great the voice of the shareholder and aruna

tell me what you’re up to at justly thank you band this has been a real

treat to be here with other panelists and to talk about things so important on earth day uh

justly itself is a broker dealer we’re registered with finra and we also have a

crowdfunding platform with companies that are esg principles so they’re

involved in environment um social transparency and also corporate governance and so we are trying to help

others get access to private equity in companies that are doing the right thing

that’s great and evan proof of impact what are you guys up to

yeah so uh the proof of impact we are a data intelligence platform

we enable the real-time collection verification and analysis of esg and

impact data and our goal really is to engage and empower investors and companies

to take advantage of their data leverage it and actually pair it with performance-based financing

so that we can encourage action and really change the trajectory of the

status quo from where we’re headed now that’s great well we really have uh

quite a few dimensions that we’re going to be covering here with all of the folks on the panel

from obviously what alfin and the ideonomics leadership team are up to

to really all the data work that evan and his team are up to but alf let’s jump back to you

and talk about ideonomics you know you guys are very active in the clean tech

space electric tractors electric motorcycles electric bikes even i know you and i

have spoken about some of these things what is your perspective right now on the latest ruling from the sec and and

really where you see the landscape right now in general thanks man i think the move by the sec

is a very important one at a board level and management level i don’t see it for something very similar

to the nasdaq ruling last year for diversity whether it’s diversity or its ecological

impact we’re facing a societal change and so the folks that really want to

welcome these types of changes i think are going to be very impactful ideonomics wants to be at the forefront

of this we supported the nasdaq in front of the sec with a diversification

program last year to bring in more female management female and diverse board leaders

lgbtq and folks of other ethnicities as well as females and we see this as another step and a very important step

as well and it’s really broken down for a genomics perspective into three buckets

and you touched a little bit on this earlier and it’s you know what is our footprint how much energy are we using what types

of raw materials are we using okay and we need to be able to disclose that for shareholders institutional and retail

like then there’s the second one who are our upstream suppliers this is probably the trickiest part of

it okay making sure that you know who you’re acquiring raw materials and supplies from are also esg compliant or

you have to disclose if they’re not and then the third part is really the impact that we’re seeing today on the

planet okay which is what operations do you have that may be impacted by climate

change are you operating in an area with tornadoes or hurricane activity are you

in an area that’s prone to wildfires are you in coastal areas that are prone to rising

rising sea levels and so all of these things need to be disclosed

appropriately and adequately so shareholders can take decisions about the types of companies they want to invest in so we take it very seriously

we’ve already started the groundwork we’ve worked with sustainalytics to get an initial esg rating

but this isn’t something that you don’t do one day and you do the next it’s complicated you have to step into

it it’s going to change the way that you run your business and some of the decisions you make from your suppliers

through to the end product that you provide and the locations often that you’ll put your operation so it’s very

holistic view you need to take um but by and large we welcome the scc’s movement on this because there’s only one place

that all of the species on this planet that we’re aware of currently live and that’s called planet earth and if we don’t take some action to look after it

a home won’t be here in the future that’s a that’s a great way of phrasing it alf and

and andy i i just be curious i mean as a company that has represented shareholders

and and looked at a lot of the activities for public and private companies what should companies like

ideonomics and others be sure to address related to this sec proposal

so the sec proposal is really just the sec doing its most fundamental function which is making

sure that there is trust between companies and their beneficial owners i mean shareholders own the companies the

boards report to us and the fact that they would or could disclose information that

might be misleading or inaccurate really undermines the whole idea of capitalism so the fact that the sec is

saying you have to when you disclose your material information that it’s verified

that it’s part of the audit um really just makes absolute sense and

is really welcomed by shareholders because ultimately material information means that it’s financial information it’s

information that investors use to make a buy or sell or a whole decision and so if that

information is not accurate then you just you have no basis for comparability between companies

we all rely on financial disclosures in the audit because it’s a standardized format it’s trusted because

we know if a company doesn’t that they’re liable to litigation and so if

you start looking at every measure that is material in the same way

then you actually can can have a decision-making framework the other piece of it is that’s a

sustainable accounting standard board sasby has now merged with international organizations to create isb the

international sustainable standards board so i’d say within the next few months we’re going to be having global

standards of what is material we believe that anything that is material should be verified should be assured and should be

in the audit that it’s not just climate that racial justice information that basically anything that is considered to

be material and it’s by a sector by sector basis should be verified and so

i think that this is a really good trend i think this is part of the implementation of the new purpose of a

corporation that the business roundtable put out it’s a it’s an implementation of what

the world economic forum calls the fourth industrial age they put out a manifesto in january of 2020

saying that you take care of your employees that that’s your that you want to create a culture to

attract the best and the brightest you take care of your supply chain you your customers and also your community and

that community extends to the whole planet because if you’re putting out if you’re dumping in the commons if you’re

dumping carbon in the commons it’s affecting everyone including yourself

and so we think this is really just a the emergence of a regenerative economy

based on justice and sustainability and that the old milton friedmanesque

extractive economy is really in the process of winding down that this is really an evolutionary movement

yeah and i’m imagining andy that the shareholders are are definitely going to

want data that is at least consistent in some form of fashion and i think evan that

really falls squarely on what proof of impact is up to i believe that you guys focus

more heavily on the private sector but what are some of the challenges in getting that data from your customers

and making sure that it is consistent yeah great question so there’s

there’s sort of a data life cycle right that goes from okay what what are our

material metrics uh how do we actually collect the data from the external world and bring it in

uh how do we validate and verify that data how do we analyze that data in a

meaningful way so it’s not just uh hey here’s a disclosure let me just put it out to the world but what are we

actually going to do with that data and then how do we visualize it in a way that people can understand and actually

when you do go about reporting and disclosing it so in each of those steps there are

uh now i won’t say traps but there’s there’s barriers right and different companies different portfolio companies

have different challenges because they’re starting at different points so what i will say that’s sort of the

in-depth but if you take a higher level perspective i think there’s probably three

main challenges one is the data lives in disparate locations so you’re talking about the e the s and the g that are in

all different divisions and parts of the company um they don’t necessarily have the same data structures so you’re going

to have issues actually setting that data up in a metric format right so that’s one issue

the other is the actual data collection so you might have you might say hey these

are all of our material metrics but then when you get down to it you say wait we only have we only have data on 30 of

these metrics so we either we then have to set up new workflows within the company or actually

collect the data that we need externally from stakeholders through surveys or iot or whatever it might be

and then the third is the voluntary versus mandatory reporting issue so this is where we’ve been

operating in the past has been voluntary reporting and

um that’s that’s a big issue actually especially on the investor side

because they’re like hey i want i want this data i want to know what’s going on but the companies are sort of sovereign

i mean they’re not sort of they are solving right and so so there they have to agree to this process and part of the

issue there is the companies then without that sort of standardization

they’re essentially sort of cherry picking metrics that might make themselves look good and avoiding the

ones that might make themselves look bad and so there’s a lot of room there this is why the sec rule is so exciting

especially the u.s i mean europe and other places there’s been more progress and more more work to

incentivize companies with the characteristic but uh the sec rule definitely is is a big

push in the right direction yeah and and i can see that that data

is not only going to impact really just the evaluation of ongoing businesses whether they be

public and private and making sure that that is in some on some level consistent i mean

i i imagine to be asking too much for it to all be perfectly consistent at this stage

but i mean aruna there are new uh esg companies every day that we hear about

coming into the marketplace and i i know that you guys at justly are obviously offering you know broker

dealers a little bit of a perspective on what these companies are doing how do you assess these companies on the

platform yeah it’s such an interesting thing because as we’ve all mentioned a few times esg which is a term that not many

people are familiar with can mean so many different things for us the when you talk about the

climate disclosures that the sec is looking at we love that because we already have companies on the platform that are

renewable fuels or biodegradable plastics so they’re doing the right things we also have companies on the

platform that are owned by veterans uh women you know people of color um you know people with

disabilities those are less obvious slash measurable so i think

one of the things we’ve been doing is we’ve been working with um evan and the team at proof of impact

just to try to standardize what our dashboard could look like and

how we can make sure that companies pass um you know the esg expectations that we

have it’s neat because what proof of impact is doing is taking things like um as as

andy mentioned sdg sasby different international standards

we get to decide at justly which of those we’re going to use in what ways

and then what’s nice is we have these companies that are on the platform at any given time we’ll have about 15 to 20

of them but the other thing is if for some reason we see an opportunity giving

equal access to lots of folks right from 100 to a million dollars what happens is

we will take those opportunities put them on the platform and donate 20 of our profits from that raise to a

company like as you so so that way we’re trying to get the best of all the worlds

for all the right reasons i love that i love that i love that idea

and certainly i can see that that will continue to evolve i mean alf

one of the things that seems to be coming back up time and time again in this discussion is this idea of

standardization and reporting you know whether you’re a startup or whether you’re a big company

like ideonomics you know how you’re going to report that information especially to the sec

but that requires a kind of a different way of doing business as you alluded to

at the start how are you incorporating this into your kind of day-to-day activities

right now it’s challenging because we don’t know exactly what the sec framework will be as you know it’s out

for public uh input back to the sec at this time so we’re starting to understand the areas that they’re

interested in but really not the level of disclosure that’s required so in order to try and get you know a

jump on this so to speak um there are a number of uh leading software companies out there that provide frameworks for

you to input and store and rate your esg information ideonomics

licenses that type of software and we also have a dedicated esg team so i

don’t know if many public companies have invested in that type of resource yet but but we have um you know people at

the senior management level that are specifically focused on the esg

aspects of this so that we can start to build a picture of ideonomics because until we build that picture fully

we’re not in a position to provide disclosure so i have a pretty good feel for where

we are but obviously disclosure rules are very precise often so first of all having somewhere to

um you know having the team focused on esg and what it means to ideonomics and its companies is the first thing and the

second thing is we now have a repository from a third party that’s built a framework that we can hold and store all

our esg information in and then as we understand the disclosure requirements um we can start to fit within that

framework um but at this point there are there are no standards so yeah no i i actually like trying to

follow the path that isn’t it hasn’t yet been forged yeah no i and i think alf one of the things that you’re

highlighting there is really kind of having kind of a an esg expert or experts on the team

because it is an evolving space and really kind of made me think about

kind of perhaps another challenge when we we think about setting up regulatory

practices for the space which is how do how do you account for continued

change and andy i’m just curious because this is something that obviously shareholders

tikka they’re they’re always adding new things changing their perspective on things how do you handle that i guess

continued evolution in a world which seems to be requiring a bit more standardization

a couple things i mean one that there are really very well-known standards when

we’re working we’re working out working with every public company to get them to reduce their emissions five percent a year over

the next 10 years and what we’re using is the ca 100 plus benchmarks so the climate action 100 plus is 60 plus

trillion dollars of assets and that’s a pretty good place to start with a benchmark we’ve actually just put out

recently a net zero report that uses that framework plus science-based

targets some cdp work we’re developing a

set of metrics for linking executive compensation to emission reduction and there’s also a global

net zero group that’s being set up to actually create all these benchmarks to rate and rank every company in the world

on these things so i think there’s plenty of benchmarks to start with it’s not like we’re starting from scratch

those are the benchmarks that a huge portion of the market of in terms of

investors although the big pension funds all the big asset managers have adopted and feel are pretty solid so that’ll be

the place to start um a question i had for evan just brought up that he said that that companies are

sovereign and um actually companies are owned by their shareholders and that they are required to have disclosure now

obviously private equity is a little bit different but you look at there’s a lot of publicly traded private equity companies

blackstone kkr apollo carlyle group and we actually question

whether or not they should be we believe they should be actually disclosing certainly the climate impact of all of

their portfolio companies we actually think that that is a gap that that the sec should require because

they’re publicly traded now i understand a private equity company or a company that’s taking itself private so they

don’t have to disclose and that’s there’s a lot of risk there um

but i i don’t i don’t know that a publicly traded company is uh you know sovereign in that way and i think that

the disclosure is actually required by law so but it is i i just was wondering about

that yeah no and so my comment was more more focused on private companies um and

it’s the reason why i brought it up is because we there’s we notice and we’re observing

right now this sort of difference in uh approach among

investors mostly in mostly in terms of pe um who

some are saying hey we we’re ready to take action we’re ready to start to be engaged in more

active ownership right so an example is uh schroeder’s just came out with

uh an engagement blueprint for more active ownership and

and they have very specific examples of how an investor can take more action with

their companies and be more engaged and i think that’s that’s great and then on the other side which is the more traditional approach is is they’re like

you know we don’t really want to put too much pressure on the company

that’s mostly more happening in the startup space but even even for companies that are that are

larger uh they’re much more hesitant to sort of um apply a little more pressure and be

more engaged and so that’s the that’s the sort of divergence that i’ve i’ve noticed um that

i’m hoping will start to move from the one traditional direction into the more active uh engagement process

we’re seeing companies actually emerge as leaders into this this new evolving framework i mean an example would be we

we approached general mills in 2017 about regenerative agriculture

and they ended up in 2019 adopting regenerative ag across their entire

supply chain and when asked about it at a webinar that we put on the reason they gave us because they said we need a

resilient supply chain that with these climate super storms industrial ag all the soil gets washed away regenerative

ag retains their soil and so they can deliver the products so and because of that a lot more

money a lot more investment went toward general mills and so all the rest of the market

is now following that we we do a study and general mills was all alone in 2019 and 2021 12 of the 17 big ag companies

are all embracing regenerative ag and it’s purely self-serving because they need a

resilient supply chain and i could cite examples across almost every sector like that yeah absolutely and like i guess it

benefited them as well from a shareholder perspective now evan i mean just building on some of

these points you know you guys are handling a lot of challenges on the data front and i know that

kind of uh what’s being alluded to and you know from a i’d say just a other categories

perspective or other areas perspective is true about your space as well which

is consistency is key you know i’ve done a ton of work in the machine learning space and getting consistent data

is pretty much the thing that decides whether your your algorithm is going to function in a

way that adds value or not how are you guys tackling that data consistency challenge

so there’s this is actually an interesting discussion and we put a lot of thought into it right because

on the one hand right i mean just starting with metrics right we’re talking a lot about metrics here and

standard metrics like sound metrics industry so you want that level of standardization

so that investors and others can compare right one metric apples to apples to the other

but on the other hand even within one of the 77 savvy industries right

you’re going to have companies that have completely different shareholders or sorry stakeholders right so different

customers different employees different board whoever it might be and they’re going to have different

preferences of what they think is important to them so how how proof of impact approaches it

and where we’re hoping more will go is that you know you want to use these

leading frameworks as the standard to say this is where we should start to consider but then we want to account for

double materiality which is not just the financial materiality and what’s financially

material but also the stakeholder materiality what do the stakeholders think is important to them

and so you start you have a starting set of metrics but then you refine it through that double materiality process

where you engage your stakeholders and so that’s what we think is really the best approach to ensure that the

people who are most affected actually have a say into what the company measures

and then focuses on improving yeah i mean aruna you you touched upon

all of the areas that justly is working on and you know to evan’s point i mean trying to get that consistency can be

can be challenging and you kind of find those root areas but certainly you guys are focusing on

green tech minority ownership corporate transparency you know a lot of

different topics how do you kind of maintain that flexibility while also trying to get that standardization

well you know it’s it’s interesting because i think there are two things we always think about so one is

transparency right so just the fact by uh you know let’s go back to what the sec is doing

with you know um climate disclosures around emissions right that’s a great start so now you know you have to admire

all the companies ideonomics does an amazing job of this of saying we’re going to get ahead of the curve so that

way when someone comes and asks we’re already set for it we’re asking all of our companies to do the same thing

along with transparency though inherently as evan has mentioned as andy it’s subjective right and if that’s the case

a large part is how do we have independent analysis and that’s where companies like proof of impact make a

world of difference because their third party they’re working directly with these companies that are on the platform

so we are making sure they’re giving something independent and by the way that’s a snapshot in time

and i think that’s something that people also don’t realize is happening what’s happening you know if you’re talking

about my you know how how esg am i today well maybe i’m not esg at all but by

being aware by having some some standards that i’ve established and showing my improvement that is how we’re

actually going to make a difference um so so regardless of the reasons right that that’s the path forward with the

transparency and the independent analysis i really like that aruna i mean there’s

a lot of a lot of change that companies are making right now and certainly i would say that we have many many

examples of companies that are trying to

position themselves well in the esg space but i just be curious and i’ll kind of

throw this question out to everyone and maybe i start with you andy on this is

um how do you assess scale how do you assess scale on these actions you know i

mean you talked about this uh the regenerative ag which is a significant change that this this company is making

but you know how do you make sure that something’s not just being done for lip service versus

really making changes so as you sow we you know last year we had 188 engagements with companies we we

start with data we start with research we start with um you know for instance

after the george floyd murder we were saying how do we how do we even evaluate companies on racial justice and there

was no measure so we brought together an expert team and we developed 57 key performance indicators on racial justice

and diversity equity and inclusion and started to gather the data and now we are rating and ranking the russell

1000 we maintain the data we update it once a quarter i agree that um that

things do change over time and that the more we engage the companies we’ve engaged probably 60 70 companies now and

almost all of them said oh now we have a way to measure ourselves let’s get on the path toward racial justice and dei

they were all very actually of 188 companies we engaged 102 said

thank you for establishing some metrics and here’s where we are and here’s where we want to go they set a trajectory

and from a shareholder standpoint you know a company that can disclose honestly and

also say this is where we want to be in in a year and two years and three years well now you’ve got something to monitor

now you can say did they make their milestones or not and then if they

didn’t what’s the course correction they need to do how did they learn it’s it’s really an engagement and it’s

a conversation it is and and i think that that’s what shareholders really want is is honest disclosure

also an honest a realistic feasible trajectory toward

toward goals with milestones along the way and then regular reporting back you

know what we didn’t make our goal but we’re going to make a course correction or we made our goal or we exceeded our goal

that’s what people want to invest in because that is a good management team that’s thinking that’s evaluating in

real time that’s that’s making course corrections those are the people you want to invest in because you’re

investing in in management teams ultimately it’s like yeah you need a good business model but the ones who are

going to succeed are the ones who are nimble and the ones who are creating culture that attracts the best talent so

i don’t know if that answers your question no i i think you that’s what i see across the board yeah quite remarkable

86 we had to escalate by filing resolutions and then half of those said okay what should we do and we withdrew

the resolution when we reached a you know an agreement only about 40 out of 188 went to a vote and we had eight

majority votes and a 43 average vote so shareholders are also voting much more

now they’re they’re i mean that was remarkable i mean we’ve had we had eight majorities last year for the

year before we had two the previous 27 years so there’s also an escalation in

that absolutely i mean alf you guys are a company at ideonomics making a lot of

the moves in this type of space and as you just map out your plans how does

this effort scale in your mind it’s a difficult one um to understand what the future holds i think you know

andy hit the nail on the head we have benchmarks right now we don’t have standards um i think we’re we’re taking an honest

approach we’re we’re looking hard in the mirror at our own company we’re trying to ask the hard questions

other than those benchmarks it’s difficult to see you know where the answers are the piece that looks most challenging to

us is the upstream evaluation of suppliers particularly if you’re in ev automotive

which we are heavily you know we make everything from motorbikes to tractors to vans and

charging systems um it’s a global supply chain anybody that tells you that they source everything

from the us has no idea how global supply chain works for automotive so we’re sourcing raw materials

parts for products from all over the world europe far east south america

it’s going to be difficult evaluating those partners if there are not the same benchmarks and standards in those

countries and and often if it’s a public company it’s somewhat easier but many of the suppliers are

family-owned businesses the level one level two suppliers to the big oems it’s

difficult to understand their business without spending time with them and i think that’s what’s really important

that’s what we’ve done so far as we’ve actually physically traveled walk the facilities spoke to them about

esg not all of them have the all the answers right now and some of them don’t have good answers right now right but we

need to know that they’re on a path to to put right anything that that isn’t within the acceptability of a public

company like ideonomics but it’s like i said earlier it’s not something you can step into binary yeah today we’re esg

yesterday we weren’t hallelujah it doesn’t work that way it’s gonna be it’s going to be progressive because

everybody has you know if they’re a public company they have shareholders they have suppliers right they have

their own operations for disclosure and they have the the footprint of the products they they put out as well

um you know even if they’re software they’re running servers which have got cables and everything else in them it’s

a very complex um and fascinating area to look at all i can say is we’re taking

it seriously yeah we’re taking an honest approach to it we’re we’re investing into uh making sure that we you know we

get it as right as much as one can and and the the disclosure from the sec will help us yeah give us those guiding rails

no i i alpha’s a great point that you mentioned which is the global element here

certainly a lot of the big companies in this space are going to be trying to figure out how they incorporate perhaps

more consistent global measures but certainly the move by the stc

allows us to see the u.s market evolve and continue

to push forward some of these key measures it’s been amazing to talk to all four of you but before before i let

any of you go uh you know here we are earth day 2022

you know i’d love to get your kind of last thoughts on on the space and what this year holds for us uh aruna why

don’t we start with you absolutely so i i love actually what al said about the

supply chain what we’re looking forward to doing in justly is starting earlier on we’re partnering

with the number of different organizations that have challenges um and incubators and the goal is to

come provide the mentorship from organizational design point of view from

doing the right thing point of view from an environment point of view from a leadership point of view and

growing that space with not only the commercialization of the idea but the entire supply chain

that goes with it because sometimes giving money to winners just isn’t

enough if we’re really going to make a difference it has to be scalable um and so we’re looking forward to doing a lot

more of that this year excellent evan i think the fcc proposed rule is a first

step in the right direction and i think that there will be more of that to come

and i think that there will be more than just annual

report disclosures yeah i think that there will be actually active performance management that is

leveraged and made possible through technology um through direct integrations with data systems and

through evaluation approaches that look at both longitudinal performance and

performance against benchmarks because both of those are what’s needed to see if a company is actually performing

well excellent andy i think we’re at this amazing moment in

time where we’re seeing technology actually meet with policy and with

people’s awareness where we’re going to actually see some truly transformation of of the way that business operates i

think that um one of the things that that alfred was saying was about

just this honest communication between shareholders and the companies that is so that’s that’s the core of it because

i agree it’s a global supply chain you’ve got a lot of folks who are not reporting not aware yet it’s about

getting on the path and having an honest disclosure and an honest discussion and and about how and evan being able to

report that and be able to actually crunch those data into something that that is usable so

and i guess and aruna baking in good governance into startups is always

key it’s so easy when you’re creating a charter of a company to say we’re going to have gender equality we’re going to

have racial justice these things when they’re baked into the charter it becomes part

of the company imposing it later is so much more difficult so i think all the things that we’re all talking about here

really lead to this idea of a regenerative economy based on justice and sustainability and that’s what the

companies who are going to thrive and who investors are going to want to be part of

al alpha i’m going to give you the last word here so i mean uh 2022 with ideonomics tell us what it looks like

yeah i think you know um andy’s comments just now really wrapped up a lot of what i wanted to say um you know i think it’s

we’re in a really really interesting point in time and to to andy’s point if you

are already like thinking about i mean we’re a relatively you know young company we’re in a growth market so

we’re able to accommodate these changes probably better than some large storied companies with huge global

operations right it’s going to be more difficult for them to to flex and bend in the way they’ll need to to meet the

disclosure it’s going to be very interesting um you know we have a pay it forward

mentality we do like to share our findings with others um because we do

think this is a this is a community effort like i said i believe whether it’s diversity in the workplace or it’s

it’s you know environmental sustainability these are societal changes right they’re happening and they’re required now and it’s a really

interesting dynamic we see and and you know i’m available if anybody wants to reach out to hear about some of the pain

as well as the pleasure we’ve had in exploring how you know how to tackle the csg thing

yeah i i think that the thing that i’m taking away from the conversation is that i’m heartened to see that we’re not

perceiving this as kind of that we’re at the beginning of a path but that we’re on the path we’re

actually making stuff happen we’re putting new foundations in place to push this into a more scalable model and it’s

been incredible to hear the perspectives of all four of you on how that is happening

we’ve been speaking with alfred poor the ceo of ideonomics andy behar the ceo of

as you sow evan vahoony the chief impact officer of proof of impact in aruna

the marketing lead at justly uh it is earth day and we’ve been talking a lot about you know what this

new sec ruling has meant or i’d say the new proposal that puts new rules in

place for companies to require them to state things like their greenhouse gas

emissions as well as several of the other details of of how they’re approaching climate change and what

we’re seeing today really in this conversation is that it’s going to impact pretty much every area of

business whether it be operations the way companies are reporting it publicly

if they’re publicly listed the way that they’re listing privately the way that companies that if they’re trying to get

off the ground and raise some more capital how they’ll approach that marketplace i thank all four of you for

being with us today to talk about this topic happy earth day everyone and uh

let’s continue to build this esg world thank you very much thank you thank you thanks



Section Highlights
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Bant Breen
CEO of Qnary, Reputation Management and Talent Branding Intro

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Alf Poor
CEO of Ideanomics, Electric Vehicle Eco-Systems

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Andrew Behar
CEO of As You Sow, Shareholder Advocacy

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Broker-Dealer with Crowdfunding Platform for Private ESG Companies

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Evan Vahouny
Proof of Impact, ESG and Impact Data Intelligence

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Impact of SEC Proposal on Climate Disclosures

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As You Sow
Shareholder Responses to SEC Proposal

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Proof of Impact
Assuring Consistent Data

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“Measuring” ESG on Privately Held Companies

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Implementing SEC Requirements on a Daily Basis

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As You Sow
Adapting to Changes in the ESG Sector

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Proof of Impact
Ensuring Data Consistency

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Remaining Flexible while Standardizing

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As You Sow
Ensuring Scalability

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As You Sow
From a Shareholder Perspective

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From a Corporate Perspective

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2022 Expectations – Start Early

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Proof of Impact
This is Only the Beginning

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As You Sow
Technology + Policy + Awareness = Transformation

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Accommodate Change and Pay It Forward