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In this TBLI Talk, Robert Rubinstein sits down with Michael Madden, founder and Managing Partner of Ronoc and founder and Chairman of OnGo, Myanmar's leading digital payments business. With over 30 years of experience operating in some of the world's most volatile and underserved markets — from post-Soviet Russia to Mongolia to Myanmar — Michael has built businesses through coups, genocides, financial crises, and political upheaval. His radical truth: the riskiest markets on earth are often the most important ones for impact — and for investors who truly understand them, also among the most rewarding.
In this episode:
The key insight: In frontier markets, the absence of financial infrastructure is not only a risk — it is the opportunity. Building the systems that allow ordinary people to access finance, make payments, and save money creates the foundations for economic development. Michael Madden has spent 30 years doing exactly that, in places most investors are too cautious to enter.
⏱️ Episode Guide:
👤 About Michael MaddenMichael Madden has over 30 years of experience in financial services, built on inventive business intelligence, the ability to engage with international partners, and leadership as a consensus builder. He is Managing Partner of Ronoc, an investment business focused on Central and Southeast Asia, and founder and Chairman of OnGo, a market-leading digital payments business he launched in Myanmar in 2016. Eventbrite Prior to founding Ronoc in 2007, he was the founding CEO of Renaissance Credit, the third largest consumer finance bank in Russia, established in 2003. From 1993 to 2003 he was involved in cards and banking across Eastern European markets at American Express. THE ORG Ronoc specialises in emerging markets with a focus on retail financial services and fintech, bringing a strategic and hands-on approach to impact investing that seeks to improve access to financial services in emerging markets. PR Newswire He is the longest-serving board director of XacBank in Mongolia, where Ronoc is a significant shareholder.
For anyone working in frontier market investment, fintech, financial inclusion, or impact investing in difficult environments — this episode is essential listening.
ABOUT TBLI RADICAL TRUTHReal experience. Real results. No greenwashing. TBLI Group is the world's leading ESG and impact investing network — educating, advising, and connecting investors for 25 years.🌐 tbligroup.com
#FrontierMarkets #MichaelMadden #Ronoc #OnGo #Myanmar #FinancialInclusion #ImpactInvesting #ESG #TBLI #TBLITalk #Fintech #EmergingMarkets #Mongolia #XacBank #LeadershipInCrisis
Before ESG was a buzzword, before impact investing had a name, and before any major financial institution offered responsible investment products, Amy Domini was building the infrastructure for a movement. Thirty years on, she is still asking the hardest questions.
In this TBLI Talk, Robert Rubinstein sits down with Amy Domini — founder of Domini Impact Investments, co-founder of KLD Research & Analytics, and creator of the Domini 400 Social Index, now the MSCI KLD 400 Social Index. Named to TIME Magazine's list of the 100 most influential people in the world, Amy is widely considered the mother of socially responsible investing in the United States. Her radical truth: ESG going mainstream is a victory — but it is not enough. The next 30 years must deliver real impact, not just better-screened portfolios.
In this episode:
The key insight: Amy started asking clients in 1980 whether there were industries they would rather not invest in. Most said yes. That simple question — "does your money reflect your values?" — has grown into a multi-trillion dollar industry. But the question is no longer whether ESG can match market returns. The question is whether it is actually changing the world.
⏱️ Episode Guide:
👤 About Amy DominiAmy Domini is the founder and CEO of Domini Impact Investments and one of the founders of KLD Research & Analytics. In 1990, with partners Peter Kinder and Steve Lydenberg, she created the Domini 400 Social Index — now the MSCI KLD 400 Social Index — the world's first socially and environmentally screened stock market index. In 1991 she founded the Domini Social Impact Equity Fund, the first index fund based on social and environmental standards. Wikipedia Domini became a founding signatory to the United Nations-backed Principles for Responsible Investment and successfully advocated for the inclusion of corporate sustainability reporting in the UN Sustainable Development Goals framework. Domini She is the author of multiple books including Socially Responsible Investing: Making a Difference and Making Money and Ethical Investing, and has been named to TIME Magazine's list of the world's 100 most influential people. Wikipedia
For anyone who cares about the past, present, and future of ESG and impact investing — this episode is essential listening.
ABOUT TBLI RADICAL TRUTHReal experience. Real results. No greenwashing. TBLI Group is the world's leading ESG and impact investing network — educating, advising, and connecting investors for 25 years.🌐 tbligroup.com
#AmyDomini #DominiImpactInvestments #ESG #SRI #ImpactInvesting #TBLI #TBLITalk #KLDIndex #SociallyResponsibleInvesting #SustainableFinance #ShareholderAdvocacy #ResponsibleInvesting #SystemsChange #ImpactPioneer #FutureOfESG
Welcome to the TBLI Radical Truth Podcast, where we feature pioneers redefining the purpose of capital. For 25 years, TBLI Group has been the world's leading ESG and impact investing network.
Why Radical Truth is different: most finance podcasts protect the industry. Radical Truth interrogates it. Unfiltered conversations with the founders, fund managers, and system-changers actually moving capital toward a liveable future — and calling out the impact-washing that isn't. No sponsors. No pretending.
What if most of the $425 billion labeled "green finance" doesn't hold up to scrutiny? Sean Kidney, CEO of the Climate Bonds Initiative, joins Robert Rubinstein to separate genuine climate finance from greenwashing, and to explain what the EU Taxonomy will change about which bonds can call themselves green.
Real research. No greenwashing.
Welcome to the TBLI Radical Truth Podcast, where we feature pioneers redefining the purpose of capital. For 25 years, TBLI Group has been the world's leading ESG and impact investing network.
Why Radical Truth is different: most finance podcasts protect the industry. Radical Truth interrogates it. Unfiltered conversations with the founders, fund managers, and system-changers actually moving capital toward a liveable future — and calling out the impact-washing that isn't. No sponsors. No pretending.
What if hundreds of thousands of Americans live without functioning sanitation in the wealthiest nation on Earth? MacArthur "Genius" Fellow Catherine Coleman Flowers — the "Erin Brockovich of Sewage" — joins Robert Rubinstein to expose the class, race, and geography behind Third World conditions inside the United States.
Real research. No greenwashing.
He spent 20 years helping the health insurance industry deny coverage, kill reform, and deceive the American public. Then he walked away — and told the world everything.
In this TBLI Talk, Robert Rubinstein welcomes back Wendell Potter — former VP of Corporate Communications at CIGNA, New York Times bestselling author, and the only health insurance industry insider ever to publicly blow the whistle on the system he helped build. Time Magazine called him the ideal whistleblower. Bill Moyers called him a straight shooter. Michael Moore called him the Daniel Ellsberg of corporate America. His radical truth: the US healthcare system is not broken. It is working exactly as designed — for Wall Street, not patients.
In this episode:
The key insight: Health insurers have been successful at exactly two things: making money and convincing the American people they are essential. They are neither. Wendell Potter spent 20 years perfecting those lies — and has spent the decade since dismantling them.
⏱️ Episode Guide:
👤 About Wendell PotterWendell Potter is a New York Times bestselling author and former health insurance industry communications director. He is the first and only health insurance insider to have publicly criticised the industry's stance on the Obama healthcare reforms, and correctly predicted in 2010 that the Affordable Care Act would increase insurance industry profits. Wikipedia He is the author of two bestselling books — Deadly Spin and Nation on the Take — and founder of Tarbell.org, a nonprofit investigative journalism site exposing corporate influence on healthcare, energy, and democracy. Modern Health Talk He has testified before Senate and House committees, and now serves as president of Business for Medicare for All, the only national business organisation working for single-payer health insurance. Center for Medicare Advocacy
For anyone working in healthcare, social justice, impact investing, or the future of American democracy — this episode is essential and essential listening.
ABOUT TBLI RADICAL TRUTHReal experience. Real results. No greenwashing. TBLI Group is the world's leading ESG and impact investing network — educating, advising, and connecting investors for 25 years.🌐 tbligroup.com
#WendellPotter #HealthcareReform #MedicareForAll #CIGNA #Whistleblower #ImpactInvesting #ESG #TBLI #TBLITalk #USHealthcare #AffordableCareAct #HealthInsurance #SystemsChange #PublicHealth #HealthJustice
She spent 11 years inside Shell, surveying 35,000 frontline workers across 65 facilities in 30 countries. Then she emailed 1,400 executives to tell them exactly what she thought — and walked away.
In this TBLI Talk, Robert Rubinstein sits down with Caroline Dennett, Director of CLOUT Ltd and one of the most striking whistleblowers in the history of the fossil fuel industry. As Shell's senior safety consultant, Caroline had unparalleled access to the reality behind the company's public climate commitments. What she found was a complete disconnect: rigorous safety culture on individual worksites, and total silence on the most unsafe thing the company was doing — pumping CO2 into the atmosphere at an unsustainable rate. Her radical truth: you cannot claim a Goal Zero safety ambition while planning to extract more oil and gas than ever before. That is not safety. It is double-talk.
In this episode:
The key insight: Caroline asked a Shell colleague dealing with 42 inches of rain in 24 hours on a site in Houston: is this climate change? They recognised it was. But Shell wouldn't take responsibility for it. What's the point in focusing on individual safety if you ignore the most unsafe thing you do as a company?
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👤 About Caroline DennettCaroline Dennett is Director of CLOUT Ltd and a social researcher and safety consultant. In the aftermath of the Deepwater Horizon disaster, she was commissioned by Shell to design a safety culture diagnostic tool, and for over a decade surveyed 35,000+ frontline employees and contractors across 65+ facilities in 30+ businesses in the global petrochemical sector. Climate One In May 2022 she publicly withdrew her services from Shell, citing their lack of leadership in addressing environmental crises and zero ambition for a genuinely green and safe future. Her video announcement went viral and garnered international media coverage. Climate One She is also active in working to divest UK pension funds from fossil fuels. Workforclimate
For anyone working in ESG, corporate governance, climate leadership, or the future of responsible business — this episode is essential listening.
ABOUT TBLI RADICAL TRUTHReal experience. Real results. No greenwashing. TBLI Group is the world's leading ESG and impact investing network — educating, advising, and connecting investors for 25 years.🌐 tbligroup.com
#CarolineDennett #Shell #ClimateLeadership #Greenwash #Whistleblower #SafetyCulture #ESG #ImpactInvesting #TBLI #TBLITalk #FossilFuels #NetZero #ClimateAction #CorporateResponsibility #Divestment
Europe has a €70 billion equity funding gap for breakthrough innovators. The EU has responded with one of the largest startup investment funds in the world. But how does it actually work — and how do you get funded?
In this TBLI Talk, Robert Rubinstein sits down with Mauro Andriotto, founder of Andriotto Financial Services, former jury member of the European Innovation Council, and one of Europe's leading experts on EU innovation funding. With inside experience evaluating hundreds of applications for the EIC — the EU's flagship €10.1 billion programme for game-changing innovations — Mauro is uniquely placed to explain what the programme offers, who qualifies, and what it really takes to succeed. His radical truth: the funding exists, the ambition is extraordinary, but most companies never apply because they don't know the rules of the game.
In this episode:
The key insight: There is more capital available for European innovators than most founders realise. The problem is not the money — it is knowing how to access it. Mauro has sat on both sides of the table: writing proposals and approving them. This is what he has learned.
⏱️ Episode Guide:
👤 About Mauro AndriottoMauro Andriotto is the founder of Andriotto Financial Services, a financial boutique specialising in corporate finance and digital finance. He holds degrees from Bocconi University — including a Master's in General Management with 110/100 — and a Fintech specialisation from the Wharton School of the University of Pennsylvania. ICO Holder He personally worked with the European Commission from 2020 to 2021 as a jury member of the EIC programme, and has since served on the EIT advisory structure. EuGrantMe His team at Andriotto Financial Services is an official advisor to the European Commission for Horizon Europe, with one of the highest success rates among European competitors in grant applications. Andriotto He is also a professor of finance and quantitative methods at Bocconi University, SDA Bocconi, Pisa University, and UBIS Geneva. ICO Holder
For anyone running a startup, working in innovation finance, or advising European entrepreneurs on funding — this episode is essential listening.
ABOUT TBLI RADICAL TRUTHReal experience. Real results. No greenwashing. TBLI Group is the world's leading ESG and impact investing network — educating, advising, and connecting investors for 25 years.🌐 tbligroup.com
#EIC #EuropeanInnovationCouncil #MauroAndriotto #StartupFunding #ImpactInvesting #ESG #TBLI #TBLITalk #HorizonEurope #EUFunding #DeepTech #Innovation #StartupEurope #GrantFunding #VentureCapital
From the Pittsburgh Steelers to Pittsburgh's startup ecosystem — one NFL veteran's journey to becoming an impact investor for founders the venture world has long overlooked.
In this TBLI Talk, Robert Rubinstein sits down with Will Allen, founding partner of Magarac Venture Partners (MVP) and 12-year NFL veteran. After a career defined by discipline, teamwork, and elite performance, Will has channelled those same qualities into early-stage venture capital — with a mission to back the Midwest's most extraordinary entrepreneurs, and ensure that at least one third of MVP's capital goes to diverse and underrepresented founders. His radical truth: the greatest untapped investment opportunity in America is not in Silicon Valley or New York. It is in Pittsburgh, Columbus, Cleveland, and the cities of the Midwest — and most of the talent there has never had a fair shot at funding.
In this episode:
The key insight: In the NFL, the best teams win not just with talent — but with diversity of perspective, discipline, and the courage to back people others overlook. Will Allen is applying that same philosophy to venture capital. The Midwest has world-class talent. What it has lacked is investors willing to show up.
⏱️ Episode Guide:
👤 About Will AllenWill Allen is a founding partner at Magarac Venture Partners, an early-stage venture capital firm investing in market-defining technology companies in the Midwest. He leads the firm's Inclusion Investing initiatives, committing 33% of assets under management to diverse entrepreneurs and implementing an inclusive hiring policy across all portfolio companies. H The Pittsburgh Foundatione was a member of the 2002 National Championship Team at Ohio State, earned All-American honours, and played 12 years in the NFL for the Pittsburgh Steelers and Tampa Bay Buccaneers. He holds a master's degree in business management and analytics from the University of Dayton and a BA from Ohio State, with continuing education at Harvard Business School and Kellogg School of Business. I The Pittsburgh Foundationn 2008 he established the Will Allen Foundation to provide resources for underprivileged youth around academics and education.
WillallenfdnFor anyone working in impact investing, diversity and inclusion in venture capital, or the future of the American Midwest economy — this episode is essential listening.
ABOUT TBLI RADICAL TRUTHReal experience. Real results. No greenwashing. TBLI Group is the world's leading ESG and impact investing network — educating, advising, and connecting investors for 25 years.🌐 tbligroup.com
#WillAllen #MagaracVenturePartners #ImpactInvesting #DiverseFounders #NFL #Pittsburgh #ESG #TBLI #TBLITalk #VentureCapital #MidwestTech #InclusionInvesting #RooneyRule #BlackFounders #SportsToBusiness
What if communities could create their own money — and use it to trade their way out of poverty without waiting for banks, governments, or donors?
In this TBLI Talk, Robert Rubinstein sits down with Will Ruddick, founder of Grassroots Economics Foundation and one of the world's most original thinkers on community currency and poverty eradication. A physicist turned development economist, Will has spent over 15 years in East Africa building something the economics establishment said couldn't work — and proving them wrong. His Sarafu and Bangla-Pesa programmes have introduced community currencies to over 4,400 businesses and schools across Kenya, enabling over 60,000 households to trade goods and services worth $4 million — without relying on scarce national currency. His radical truth: poor communities are not poor in resources. They are poor in the medium of exchange.
In this episode:
The key insight: The problem in poor communities is not a lack of goods, services, or talent. It is a lack of a medium of exchange. When you give communities a way to trade what they already have, remarkable things happen — without aid dependency, without interest, without banks.
⏱️ Episode Guide:
👤 About Will RuddickWill Ruddick is a development economist and founder of Grassroots Economics Foundation. After completing graduate school researching high energy physics at the Stanford Linear Accelerator Center, he pivoted to alternative economics and development. Since 2008 he has lived in East Africa managing programmes in environment, food security, and economic development. Schumacher Center for a New Economics He has pioneered Community Inclusion Currency programmes in Kenya since 2010, founding the award-winning Sarafu Network and Bangla-Pesa, and consults worldwide with partners including the World Food Programme and the Red Cross. Schumacher Center for a New Economics His programmes now reach over 80 communities across Kenya, Cameroon, and South Africa.
For anyone working in development finance, financial inclusion, or alternative economics — this episode is essential listening.
ABOUT TBLI RADICAL TRUTHReal experience. Real results. No greenwashing. TBLI Group is the world's leading ESG and impact investing network — educating, advising, and connecting investors for 25 years.🌐 tbligroup.com
#WillRuddick #CommunityCurrency #GrassrootsEconomics #Sarafu #BanglaPesa #ImpactInvesting #ESG #TBLI #TBLITalk #FinancialInclusion #Kenya #AlternativeEconomics #PovertyEradication #Blockchain #DevelopmentFinance
The billionaire class emerged from the pandemic richer than ever. The rest of the world did not. How did this happen — and who is responsible?
In this TBLI Talk, Robert Rubinstein sits down with Peter S. Goodman, Global Economics Correspondent for The New York Times and author of the bestselling Davos Man: How the Billionaires Devoured the World. Drawing on decades of reporting from over 40 countries, Peter has built the definitive case for how a small class of globe-trotting ultra-wealthy — the "Davos Men" — have systematically stripped governments of resources, weakened healthcare systems, evaded taxation, and exploited the pandemic to multiply their fortunes while the world suffered. Nobel Prize-winning economist Joseph Stiglitz called it "a biting, uproarious yet vital and deadly serious account." The Washington Post called it "the hijacking of our democracy." Peter's radical truth: the "Cosmic Lie" — that cutting taxes and deregulating markets benefits everyone — has happened, in real life, exactly zero times.
In this episode:
The key insight: Davos Man deploys philanthropic dollars — a tiny fraction of the taxes he has avoided — to pose as a concerned global citizen, while perpetuating the idea that his continued enrichment is a requirement for society to make any progress at all. Peter Goodman spent years documenting the lie. This is what he found.
⏱️ Episode Guide:
👤 About Peter S. GoodmanPeter S. Goodman is the Global Economics Correspondent for The New York Times. He previously served as the NYT's European and national economics correspondents, playing a leading role in the paper's award-winning coverage of the Great Recession, including a series that was a Pulitzer Prize finalist. H Amazone has reported from more than 40 countries, has been recognised with two Gerald Loeb Awards and seven prizes from the Society of American Business Editors and Writers, and is the author of Davos Man (2022) and Past Due (2009), named one of Bloomberg's top 50 business titles. H Amazone graduated from Reed College and holds a master's degree from the University of California, Berkeley.
AmazonFor anyone working in impact investing, ESG, economic justice, or the future of capitalism — this episode is essential listening.
ABOUT TBLI RADICAL TRUTHReal experience. Real results. No greenwashing. TBLI Group is the world's leading ESG and impact investing network — educating, advising, and connecting investors for 25 years.🌐 tbligroup.com
#PeterGoodman #DavosMan #Billionaires #EconomicInequality #ImpactInvesting #ESG #TBLI #TBLITalk #StakeholderCapitalism #WealthInequality #NYTimes #COVID19 #SystemsChange #TaxJustice #Democracy
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