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.
Highlights:
Social venture capital started when Gordon Roddick of The Body Shop invested to launch Big Issue in 1991Bank accounts for the homeless with HBOSHow Big Issue is Democratising Capital The Big AccountCreating a Social Passport that keeps your records in blockchainThe Importance of using the right languageImpact washing is fraud Simplifying the SDGs into climate actionLaunch 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 PaineWorking with Mutuals and Coops and a career as the secretary of the Print UnionImportance of having deputies and CEOs that can executeJoin the Big Exchange and the Big Issue Group
Useful links:
Sign up to the Big Exchange - https://bigexchange.com/
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
HBOS - https://en.wikipedia.org/wiki/HBOS
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
Thomas Paine - https://en.wikipedia.org/wiki/Thomas_Paine
Time Stamp:
[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?
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