Nigel Kershaw OBE, Chair of Big Exchange & Big Issue Group - The Democratisation Of Capital To Build A New Financial Impact System
Episode 14, Jun 22, 2019, 07:00 AM
Nigel Kershaw OBE, is the chairman of The Big Issue Group. He is a leading social entrepreneur and advocate of social enterprise and social finance.
Nigel Kershaw OBE, is the chairman of The Big Issue Group. He is a leading social entrepreneur and advocate of social enterprise and social finance.
In this episode, Nigel talks about how they are democratising capital with the launch of the Big Exchange, an impact investment platform with a social passport. They have commitments from a group of founding partner Asset Managers with around 35 social, environmental and impact funds to put on the platform, with a combined AUM of around £13bn.
Since 1974, Nigel has had first-hand experience with starting, building and running social enterprises. He joined The Big Issue in 1994, becoming its Managing Director, and then the chair of The Big Issue Group and in 2005, the first CEO of Big Issue Invest. Nigel founded three printing and publishing social enterprises, and has also worked as a project manager, system analyst at Litho Printer and trade union official. He trained as a lithographic printer and gained his diploma in printing production with distinction at the London College of Printing, where he later became the Chair of the Board of Governors.
Since 1974, Nigel has had first-hand experience with starting, building and running social enterprises. He joined The Big Issue in 1994, becoming its Managing Director, and then the chair of The Big Issue Group and in 2005, the first CEO of Big Issue Invest. Nigel founded three printing and publishing social enterprises, and has also worked as a project manager, system analyst at Litho Printer and trade union official. He trained as a lithographic printer and gained his diploma in printing production with distinction at the London College of Printing, where he later became the Chair of the Board of Governors.
Highlights:
- Social venture capital started when Gordon Roddick of The Body Shop invested to launch Big Issue in 1991
- Bank accounts for the homeless with HBOS
- How Big Issue is Democratising Capital
- The Big Account
- Creating a Social Passport that keeps your records in blockchain
- The Importance of using the right language
- Impact washing is fraud
- Simplifying the SDGs into climate action
- Launch of Big Exchange, an impact investment fund with a social passport
- “A wrong habit of not thinking a thing wrong gives it the superficial appearance of being right" Thomas Paine
- Working with Mutuals and Coops and a career as the secretary of the Print Union
- Importance of having deputies and CEOs that can execute
- Join the Big Exchange and the Big Issue Group
Useful links:
Big Issue Foundation - https://www.bigissue.org.uk/about-us
Big Issue Magazine - https://www.bigissue.com/
Big Issue Invest - https://bigissueinvest.com/
International Network Of Street Papers - https://insp.ngo/
The Rental Exchange -
https://www.experian.co.uk/business/consumer-information/consumer-credit-management/rental-exchange/
Lord John Bird - https://en.wikipedia.org/wiki/John_Bird,_Baron_Bird
Body Shop - https://www.thebodyshop.com/en-gb/
Anita Roddick - https://en.wikipedia.org/wiki/Anita_Roddick
Aberdeen Standard Investment - https://www.aberdeenstandard.com/
Digital Mums - https://digitalmums.com/
The Gherkin London - http://www.thegherkinlondon.com/
Columbia Threadneedle - https://www.columbiathreadneedle.co.uk/
Gareth Davies - https://www.linkedin.com/in/garethmdaviesuk/
3D Investing with John Fleetwood - https://www.3dinvesting.com/
Good With Money’s article of Nigel Kershaw - https://good-with-money.com/2019/02/07/the-big-issues-nigel-kershaw-sets-out-to-democratise-capital/
Battle of Cable Street - https://en.wikipedia.org/wiki/Battle_of_Cable_Street
[01:57] Introduction to Nigel Kershaw, OBE
[03:45] The Big Issue Magazine and incentivising people to work
[10:35] Impact washing is fraudulent
[13:45] Credit rating for homeless with The Rental Exchange
[17:30] Loan loss rates vs success rates and capital preservation rates
[23:20] Scaling bigger and bigger social bonds
[33:00] Social passport to cross immigration and digitised into blockchain
[40:00] SDG impact measure vs assessing
[43:00] Passing the Lily Language Test to get people and investors onboard
[48:48] Who inspires Nigel Kershaw
[50:00] What makes a terrible leader?
How to incorporate SDGs into your business - Fast Forward 2030
Find talent and careers with impact - Realchangers
Impact Leaders is produced by Podcast Publishing