Can nature be financed like any other business — and should it be?

In this episode of TBLI Radical Truth, we sit down with Christopher White, strategist at Conservation International, where he has spent the past two years studying fiscal and operational interventions that fund international conservation efforts. Christopher is developing a new approach to conservation finance that generates economic and natural returns for both people and planet — and his insights challenge some of the sector's most deeply held assumptions.

At the centre of this conversation is the African Conservancies Facility (ACF) — one of the most innovative blended finance models in conservation today.

In this episode:

• Why financing nature is no different from financing any other business — it is about finding the right combination for each unique situation
• The hidden opportunities for investors and investees that only emerge once you start blending funding structures
• The origin story of the ACF — born as a pandemic rescue package for the Maasai Mara — and where it stands today
• How ACF is helping conservancies transition from concessional finance to commercially viable operations
• What the next phase of ACF looks like — and what the upcoming fundraising round means for investors
• How blended finance can unlock new capital flows into nature-based solutions at scale

The key insight: The conservation sector has long treated nature as a charity case. With the right financing structures, nature can be a commercially viable, return-generating asset — one that also delivers measurable outcomes for biodiversity, communities, and climate.

⏱️ Episode Guide:

• 0:00 — Can nature be financed like any other business?
• 0:X:XX — Lessons learned: finding the right financing combination
• 0:X:XX — The opportunities in blended conservation finance
• 0:X:XX — The African Conservancies Facility: origin and evolution
• 0:X:XX — From concessional to commercial: the ACF model in practice
• 0:X:XX — The next phase: upcoming fundraising and future potential

👤 About Christopher WhiteChristopher White joined Conservation International as a strategist in 2021, specialising in building solutions in complex and challenging environments. He has spent two years studying the fiscal and operational interventions that facilitate international conservation efforts and is developing a new blended finance approach to fund conservation work that generates returns for both people and planet. Conservation International launched the African Conservancies Facility in 2020 as a pandemic rescue package for the critically important Maasai Mara landscape in Kenya. Today, ACF enables conservancies to transition from concessional finance to commercially viable entities — offering loans that enhance and expand conservation areas while generating income for local communities.

Whether you are an impact investor, a conservation finance professional, a family office, or a fund manager exploring nature-based solutions, this episode delivers a practical and honest masterclass in making conservation financially sustainable.

Note: Please update timestamps marked 0:X:XX once confirmed.

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

#ConservationFinance #NatureBasedSolutions #BlendedFinance #AfricanConservanciesFacility #ImpactInvesting #Biodiversity #ESG #SustainableFinance #TBLI #RadicalTruth #NaturePositive #ClimateFinance #ConservationInternational #WildlifeConservation #ImpactFirst

What does it take to back founders before they even have a company?

In this episode of TBLI Radical Truth, we sit down with Dr. Christoph Klink, Partner at Antler — the world's most active pre-seed and angel-stage investor and the global leader in "Day Zero" venture capital. Christoph co-leads Antler's operations across Central Europe and has been at the forefront of building one of Germany's most active early-stage investment ecosystems since 2021.

From climatetech to fintech to healthtech, Christoph is backing the next generation of diverse, technical founders — and his perspective on what it takes to build breakthrough companies from day zero is essential listening for entrepreneurs, investors, and anyone tracking where European tech is headed next.

In this episode:

• What "Day Zero" investing means — and why backing founders before launch changes everything
• How Antler systematically removes capital and network barriers for early-stage technology entrepreneurs
• The state of the DACH startup ecosystem — and where the most exciting opportunities lie in 2026
• Why technical founders are on the rise in Europe — and what this means for the next wave of breakout companies
• How diversity in founding teams drives better outcomes — and what the data actually shows
• Lessons from running residencies for hundreds of founders across Berlin, Amsterdam, and Munich
• AI, defence tech, longevity, and cybersecurity — the sectors Christoph is most excited about right now

The key insight: Most VCs wait for proof. Antler bets on people. The most defining companies of tomorrow are being built right now by founders who don't yet have a co-founder, a product, or a pitch deck — and that is exactly when the right investor can make the biggest difference.

⏱️ Episode Guide:

• 0:00 — What is Day Zero investing and why does it matter?
• 0:X:XX — Removing barriers to entrepreneurship: the Antler model
• 0:X:XX — The DACH startup ecosystem: state of play in 2026
• 0:X:XX — The rise of the European technical founder
• 0:X:XX — Diversity in founding teams: what the data shows
• 0:X:XX — The sectors Christoph is most excited about right now
• 0:X:XX — Advice for founders and investors at the earliest stages

👤 About Dr. Christoph KlinkDr. Christoph Klink is a Partner at Antler and former Partner at McKinsey & Company. Antler Before joining Antler, he served a range of leading technology organisations in the mobility and transportation space on disruptive strategy and building innovative business models, and has a background as a Business Angel. Eu He holds a PhD in Business Administration and has worked closely with leaders of the World Economic Forum to advance the startup ecosystem and build industry-shaping insight. sTARTUp Day Since launching Antler's first Berlin residency in 2021, he has made over 80 investments into tech startups across the DACH region, with portfolio companies including NeoCarbon, clare&me, and Tapline. He has published research on the demographics of DACH unicorn founders and the rise of technical founders in Europe.

Whether you are a founder, an investor, or simply someone tracking where European technology is headed next, this conversation is essential listening.

Note: Please update timestamps marked 0:X:XX once confirmed.

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

#VentureCapital #Antler #ChristophKlink #EarlyStageInvesting #DayZero #StartupEcosystem #DACH #Climatetech #Fintech #Healthtech #TBLI #RadicalTruth #TechFounders #EuropeanStartups #ImpactInvesting #Entrepreneurship

Can a fairy tale change the world?

In this episode of TBLI Radical Truth, we sit down with Fleur Rossdale — author of the Woodland Sprite Series, founder of the Society of Original Thinkers (SOOT), and one of the most creatively unconventional voices in the climate conversation. Fleur believes that storytelling is not a soft alternative to systems change — it is one of its most powerful drivers.

Her approach is refreshingly different: instead of policy proposals and position papers, Fleur uses fantasy, fairies, and the magic of nature to inspire children and adults alike to protect the planet with courage and authenticity.

In this episode:

• What Fleur aims to achieve through writing the Woodland Sprite Series — and why she chose storytelling over advocacy
• How she intends to bring about real, measurable change through books, events, and the DCCI School Awards
• How to speed up the process and build global support without using a sledgehammer
• Why climate change, food security, wellbeing, and plastic waste need storytellers as much as scientists
• How her events in Brussels and Westminster unite changemakers, specialists, and investors around collaborative solutions
• The journey from "Queen of the Decorators" to ecology, impact investment, and children's literature
• How The Farm — her third book — connects fantasy with real-world regenerative farming projects in Kenya, Europe, and beyond

The key insight: Children who grow up loving nature will grow into adults who protect it. The most powerful lever for systemic change may not be a policy — it may be a story.

⏱️ Episode Guide:

• 0:00 — Can a fairy tale change the world?
• 0:X:XX — What Fleur aims to achieve through the Woodland Sprite Series
• 0:X:XX — How storytelling drives systemic change
• 0:X:XX — Building support without a sledgehammer
• 0:X:XX — The DCCI School Awards and the Society of Original Thinkers
• 0:X:XX — The Farm: from fantasy to regenerative farming in practice
• 0:X:XX — What's next for the Woodland Sprite Series and global collaboration

👤 About Fleur RossdaleFleur Rossdale is the author of the Woodland Sprite Series — a fantasy world where young nature sprites Sky and Anil protect wildlife and woodlands, tackling real-world challenges including climate change, food security, wellbeing, and plastic waste. A fine art background earned Fleur the title "Queen of the Decorators" in the 1980s and 90s, where her design exhibitions drew 30,000 visitors and launched a thriving industry. In 2020 she pivoted to ecology, fundraising for climate charities, and developing impact investment projects. Her books — Taken by Storm, The Journey, and the newly released The Farm — inspire readers aged 8 to 12 to embrace sustainability through vivid storytelling rooted in real climate events and solutions. She organises high-level events in Brussels and Westminster, uniting changemakers, scientists, and investors, and has founded the DCCI School Awards to engage schools aged 8 to 18 in climate action globally.

Whether you are an impact investor, an educator, a parent, or a policymaker who believes that imagination is as important as data in solving the climate crisis — this conversation will inspire you.

Note: Please update timestamps marked 0:X:XX once confirmed.

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

#ClimateAction #Storytelling #FleurRossdale #WoodlandSpriteSeries #ImpactInvesting #ChildrensBooks #Sustainability #ClimateEducation #TBLI #RadicalTruth #NatureBasedSolutions #FoodSecurity #RegenerativeFarming #YouthActivism #ESG

What does capitalism look like when the common good comes first?

In this episode of TBLI Radical Truth, we sit down with Dr. Terry Mollner — one of the true founding fathers of socially responsible investing. Over five decades, Terry has built institutions, brokered landmark deals, and written frameworks that have permanently shaped how capital relates to society, nature, and human values.

This is a masterclass in what it means to put purpose at the centre of finance — not as a trend, but as a civilisational imperative.

In this episode:

• Why Common Good Capitalism is not idealistic — it is inevitable
• How socially responsible investing evolved from a radical idea in the 1970s to a multi-trillion-dollar global movement
• The story behind the founding of the Calvert Funds — the first family of socially responsible mutual funds
• How Terry brokered the historic deal that kept Ben & Jerry's socially responsible inside Unilever — the only agreement of its kind ever signed
• Why Calvert Impact Capital has loaned over $3 billion to reduce poverty around the world
• The seven layers of human maturity — and why love is the most important skill in business and leadership
• What the next stage of economic evolution looks like beyond capitalism as we know it

The key insight: Socially responsible investing is not a niche. It is the future of all investing. The question is no longer whether capital should serve the common good — it is how fast the rest of the world catches up.

⏱️ Episode Guide:

• 0:00 — What does capitalism look like when the common good comes first?
• 0:X:XX — The origins of socially responsible investing in the 1970s
• 0:X:XX — Founding the Calvert Funds: the first family of SRI mutual funds
• 0:X:XX — The Ben & Jerry's deal: keeping purpose alive inside a multinational
• 0:X:XX — Calvert Impact Capital: loaning billions to reduce poverty
• 0:X:XX — Common Good Capitalism: the next stage of economic evolution
• 0:X:XX — The Love Skill: seven layers of human maturity and what they mean for leadership

👤 About Dr. Terry MollnerIn the 1970s, Dr. Terry Mollner was among the earliest pioneers of socially responsible investing, guiding fifteen social activist leaders from across the US in writing one of the first comprehensive sets of social screens for investing. Sensation of Oneness In 1982, he co-founded the Calvert Funds — the first family of socially responsible mutual funds, today one of the largest with over $21 billion under management — and took the lead in creating Calvert Impact Capital, which has raised and loaned over $2 billion to reduce poverty in the US and around the world. Tfac In 2000, he led negotiations between Unilever and Ben & Jerry's resulting in a landmark legal contract allowing the company to remain independent, self-governing, and socially active in perpetuity — the only such agreement ever signed when a socially responsible company was acquired by a multinational. Tfac He is founder and chair of Stakeholders Capital, founder of the Trusteeship Institute, a Fellow of the World Business Academy, and author of Common Good Capitalism Is Inevitable and The Love Skill: We Are Each Mastering the 7 Layers of Human Maturity.

Whether you are an impact investor, a fund manager, a social entrepreneur, or anyone who believes finance must ultimately serve humanity — this conversation is essential listening.

Note: Please update timestamps marked 0:X:XX once confirmed.

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

#SociallyResponsibleInvesting #ESG #TerryMollner #CalvertFunds #ImpactInvesting #CommonGoodCapitalism #BenAndJerrys #SustainableFinance #TBLI #RadicalTruth #ImpactFirst #SystemicChange #ResponsibleInvesting #SocialImpact #PurposeDrivenBusiness

Is REDD+ the most powerful and underutilised climate solution we already have?

In this episode of TBLI Radical Truth, we sit down with Joshua Tosteson, CEO, and Pamela Brazier, President of Everland — the global leader in community-led forest conservation and the voluntary carbon market's largest portfolio of high-impact REDD+ projects. Their radical truth: the so-called "integrity crisis" surrounding forest carbon credits has been largely one of perception, not reality — and REDD+ is ready to scale right now.

In this episode:

• Why carbon crediting from REDD+ projects has been systematically robust — and what new methodologies and safeguards are driving even greater integrity
• How REDD+ projects deliver demonstrable, measurable impact for climate, nature, and communities — with just five of Everland's projects benefiting over 215,000 local people
• Why the REDD+ mechanism is ready to scale today to meet global sustainable development goals and corporate demand for high-integrity carbon credits
• How the voluntary carbon market can be a transformative force for forest communities — turning conservation into a viable, durable development path
• Why deforestation — the second largest source of global CO2 emissions — cannot be addressed without private capital and community-led solutions
• How corporations can become genuine partners in forest protection rather than simply purchasers of offsets
• What a credible net-zero strategy actually looks like when forests are at its core

The key insight: Forests are not a charity. They are the world's most cost-effective, ready-to-deploy climate solution. The barrier is not technology or methodology — it is market confidence and capital at scale.

⏱️ Episode Guide:

• 0:00 — Is REDD+ the most underutilised climate solution we already have?
• 0:X:XX — The integrity of REDD+ carbon crediting: separating perception from reality
• 0:X:XX — Demonstrable impact: climate, nature, and 215,000+ community members
• 0:X:XX — Scaling REDD+ to meet global SDGs and corporate net-zero demand
• 0:X:XX — How corporations can become real partners in forest protection
• 0:X:XX — The voluntary carbon market: where it is and where it needs to go
• 0:X:XX — Everland's vision for the future of community-led conservation

👤 About Joshua Tosteson & Pamela BrazierJoshua Tosteson joined Everland in 2019 and became CEO in 2023. A lifelong sustainability entrepreneur and change agent, he brings deep expertise in supply chain sustainability, food and agriculture, and climate change, with a track record of managing budgets exceeding $35 million and over 250 staff worldwide. Everland He trained as an atmospheric scientist at Harvard and Columbia universities. Pamela Brazier co-founded Everland in 2017 and became President in 2023. She began her career at BNP Paribas before joining Wildlife Works in 2012, where she specialised in marketing REDD+ Verified Emission Reductions to European companies. At Everland, she directs partner engagement, revenue strategy, and cross-functional programme delivery across the global portfolio. Everland Under Everland's leadership, the company has achieved over $500 million in sales for community-centred forest conservation projects across the globe. Everland

Whether you are a corporate sustainability leader, an impact investor, a policymaker, or a climate professional, this episode is essential listening for anyone serious about the role of forests in solving the climate crisis.

Note: Please update timestamps marked 0:X:XX once confirmed.

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

#REDD #ForestConservation #CarbonCredits #Everland #ClimateAction #VoluntaryCarbon #NatureBasedSolutions #ImpactInvesting #Deforestation #TBLI #RadicalTruth #NetZero #CarbonMarket #SustainableFinance #BiodiversityConservation

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 the man who invented the "Triple Bottom Line" now believes sustainability, as we practice it, doesn't work? John Elkington — founder of Volans and originator of the Green Swans concept — joins Robert Rubinstein to map what comes next for business, capital, and the planet.

Real research. No greenwashing

In this episode of TBLI Radical Truth, we sit down with Massimiliano Riva (Max) — senior sustainable finance advisor at the European Bank for Reconstruction and Development (EBRD) and one of the most experienced practitioners in the global sustainable finance ecosystem. With over 20 years spanning the United Nations, development banks, and the private sector, Max brings rare on-the-ground credibility to the most pressing question in climate finance: how do we unlock the capital flows the world actually needs?

In this episode:

• How sustainability-linked loans and KPI-based blended finance are advancing impact investing and driving measurable results
• The EBRD's High Impact Programme — how development banks are evolving their role in equity funds to drive impactful corporate growth
• Insights from the Joint SDG Fund's pioneering work supporting ocean, energy, agriculture, and health initiatives for sustainable change
• How blended finance can bring public and private sectors together to maximise combined impact across the SDGs
• Why most countries are not investing adequately in nature and biodiversity — and how to fix that
• The role of green bonds, public guarantee schemes, and conservation finance in unlocking private capital at scale
• Practical lessons from providing advisory services across 30+ countries on every continent

The key insight: The world is not short of liquidity — it is short of well-structured instruments that make sustainability investable for private capital. Blended finance, done right, is the bridge that closes that gap.

⏱️ Episode Guide:

• 0:00 — Can blended finance make sustainable development bankable at scale?
• 0:X:XX — Sustainability-linked loans and KPI-based blended finance in practice
• 0:X:XX — EBRD's High Impact Programme and the evolving role of development banks
• 0:X:XX — Joint SDG Fund: ocean, energy, agriculture, and health initiatives
• 0:X:XX — Unlocking private capital for nature and biodiversity
• 0:X:XX — Green bonds, guarantee schemes, and conservation finance
• 0:X:XX — What investors and sustainability leaders need to do right now

👤 About Massimiliano RivaMax is a sustainable finance leader with over 20 years of experience in development banks, the United Nations, and the public and private sector, with expertise across guarantees, inclusive finance, export credit, impact investing, green and SDG bonds, and sector-based resource mobilisation strategies. A Industrylinkt the Joint SDG Fund, his work led to the first UN system-wide call for proposals on SDG financing — a $100 million grants programme representing the largest systemic attempt by the UN to tackle SDG financing. H BIOFINe joined the EBRD in 2022 as sustainability lead for equity funds and manager of the Green Climate Fund, and has provided on-the-ground advisory services to over 30 countries across all continents. H Industrylinke holds a Master's in Economics and International Policies from ASERI and a degree in Economics from Bocconi University.

IndustrylinkWhether you are an impact investor, a development finance professional, a corporate sustainability leader, or a policymaker working to scale climate and nature finance — this episode is essential listening.

Note: Please update timestamps marked 0:X:XX once confirmed.

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

#BlendedFinance #SustainableFinance #ImpactInvesting #EBRD #SDGs #ClimateFinance #NatureFinance #GreenBonds #MassimilianoRiva #TBLI #RadicalTruth #DevelopmentFinance #ESG #NatureBasedSolutions #PrivateCapital

In this episode of TBLI Radical Truth, we sit down with Allison Sesso, President and CEO of Undue Medical Debt — one of the most innovative and high-impact nonprofits in America. Undue has already erased over $10 billion in medical debt, restoring financial dignity to millions of Americans. And under Allison's leadership, they are just getting started.

Medical debt is an American crisis. 1 in 4 people are burdened by healthcare costs that drive bankruptcy, destroy credit, and entrench systemic inequality. Allison's radical truth: this is not inevitable — and a financial model already exists to fix it.

In this episode:

• The abolishment model — how Undue Medical Debt buys and retires debt at scale for pennies on the dollar
• How $1 donated becomes $100 of debt relief — the leverage model explained
• Why medical debt is a social determinant of health, not just a financial problem
• How visionary philanthropy — including multiple transformational gifts from MacKenzie Scott — is accelerating the mission
• How Undue is partnering with 25+ state and local governments to erase billions in debt for millions of residents
• The shift from traditional charity to systemic financial transformation
• What the future of medical debt abolition looks like — and what it would take to put Undue out of business for good

The key insight: The majority of medical debt today is owed by insured people. Deductibles, copayments, and out-of-pocket costs are simply out of alignment with what families can afford. Debt relief at scale is not charity — it is an urgent and measurable economic intervention.

⏱️ Episode Guide:

• 0:00 — The scale of the medical debt crisis
• 3:45 — How Undue Medical Debt erased $10 billion
• 8:20 — The $1 to $100 leverage model explained
• 14:10 — Medical debt as a social determinant of health
• 22:30 — Partnering with philanthropists like MacKenzie Scott
• 29:15 — The future of systems change in finance and health

👤 About Allison SessoAllison Sesso became President and CEO of Undue Medical Debt in January 2020. Under her leadership, Undue has relieved over $25 billion in medical debt for more than 15 million people. Undue Medical Debt Prior to joining Undue, she served as Executive Director of the Human Services Council of New York — an association of 170 nonprofits delivering 90% of New York City's human services — where she successfully pushed for over $500 million in investments to address the nonprofit fiscal crisis. Undue Medical Debt In 2025 alone, she received three TIME recognitions: the TIME100 most influential people in the world, TIME100 Health, and TIME100 Philanthropy — joining MacKenzie Scott, Warren Buffett, and Dolly Parton on the latter list. Undue Medical Debt She has also been named one of Modern Healthcare's 100 Most Influential People in Healthcare in 2024. Undue Medical Debt

Whether you are an impact investor, a philanthropist, a healthcare professional, or anyone who believes financial justice is inseparable from health equity — 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

#MedicalDebt #DebtRelief #UndueMedicalDebt #AllisonSesso #SocialImpact #Philanthropy #FinancialJustice #HealthcareReform #TBLIRadicalTruth #ImpactInvesting #EconomicEquity #SystemsChange #MacKenzieScott #HealthEquity #TBLI

What do you do after selling a 90-year-old family empire — and how do you make sure it stands for something?

In this episode of TBLI Radical Truth, we sit down with Luca Rancilio — whose grandfather Roberto invented the espresso machine in 1927, and whose family built Rancilio Group into one of the world's leading professional coffee equipment companies. After selling the business in 2013, Luca embarked on a second journey: becoming one of Italy's most pioneering impact and venture capital investors.

His story is a masterclass in what it means to translate a legacy of craft and values into a new chapter of purposeful investing.

In this episode:

• Luca's journey from running a 90-year-old industrial family business to becoming an impact investor and venture capitalist
• How Rancilio Cube evolved from a family office into a fully compliant international investment company with over €60 million in assets
• Why impact and innovation are not opposites — and how Luca looks for investments that combine financial returns with real social and environmental value
• Lessons from early bets on Lyft, Airbnb, SpaceX, N26, Treedom, and other global innovators
• Why Luca believes Italian family capital needs to look beyond Italy — and how Cube3 is opening that door
• The direct thread between three generations of entrepreneurship and the values embedded in every investment decision today
• What impact investing looks like from the perspective of a family that built something lasting — and then had the courage to start again

The key insight: After selling a business your grandfather founded, you don't just invest money — you invest values. The best investments are the ones where innovation and impact point in the same direction.

⏱️ Episode Guide:

• 0:00 — From espresso machines to impact investing
• 0:X:XX — The sale of Rancilio Group and the birth of Rancilio Cube
• 0:X:XX — Finding the first investments: Lyft, Treedom, and beyond
• 0:X:XX — Building a model that combines venture, growth, and impact
• 0:X:XX — Opening Italian family capital to global innovation
• 0:X:XX — What impact investing means to a third-generation entrepreneur
• 0:X:XX — Luca's vision for the future of purposeful investing

👤 About Luca RancilioLuca Rancilio managed the Rancilio family business for over 25 years as the company grew into a global leader in professional espresso machines. In 2013, he and his family sold Rancilio Group and founded Rancilio Cube — a family office focused on venture, growth, and impact investments. Robincap Cube's direct investment portfolio includes companies such as Lyft, SpaceX, Airbnb, N26, Wise, Coursera, Treedom, and many others, alongside LP positions in leading international VC funds across the US, Europe, and Israel. Crunchbase After many years in the family espresso machine business, Luca began investing in innovative and impact companies in 2014, drawn to companies that combine investment returns with real impact on society. LinkedIn In 2022 he created Rancilio Cube Sicaf, closing 2023 with over €60 million in assets and positioning it as Italy's reference point for international venture capital. Il Sole 24 ORE He serves on the boards of Treedom and Legami and is a European advisor to US fund GSquared and the German fund Earlybird.

Whether you are a family office, an impact investor, an entrepreneur navigating a transition, or simply someone who believes that great businesses pass values across generations — this episode is essential listening.

Note: Please update timestamps marked 0:X:XX once confirmed.

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

#ImpactInvesting #FamilyOffice #LucaRancilio #RancilioCube #VentureCapital #SustainableFinance #ESG #ItalianInnovation #TBLI #RadicalTruth #ImpactFirst #SocialEnterprise #Treedom #FamilyBusiness #PurposeDrivenInvesting

Who actually runs the companies that run the world — and how would you even know?

In this episode of TBLI Radical Truth, we sit down with Matt Moscardi, co-founder of Free Float — the platform putting people back into capital markets. After a decade at MSCI helping build the ESG ratings model used by the world's largest institutional investors, Matt concluded that conventional ESG was measuring the wrong thing. Companies don't make decisions. People do.

Free Float's radical truth: investing isn't a "what" — it is a "who."

In this episode:

• Why conventional ESG ratings miss the most important variable in corporate performance: the people making the decisions
• How Free Float built a database of over 250,000 directors globally to measure who holds real power in boardrooms
• Why boardroom transparency matters more than ever — and what most investors are dangerously overlooking
• The concept of "board sabermetrics" — applying data analytics to corporate governance the way sports analytics changed professional sport
• How shareholder influence, board dynamics, and hidden power structures shape every decision that affects us all
• Why the anti-ESG backlash is a distraction from the real governance failures happening in plain sight
• What a genuinely accountable, high-performing board actually looks like — and why most don't come close

The key insight: The governance meltdowns of the financial crisis — and every scandal since — were caused by people, not processes. Until investors understand who runs companies, not just what they report, ESG will never deliver what it promises.

⏱️ Episode Guide:

• 0:00 — Who actually runs the companies that run the world?
• 0:X:XX — Why ESG is measuring the wrong thing
• 0:X:XX — Board sabermetrics: putting people back in capital markets
• 0:X:XX — The Free Float database: 250,000 directors and counting
• 0:X:XX — Hidden power structures: monarchies, oligarchies, and democracies in the boardroom
• 0:X:XX — What the anti-ESG backlash is really about
• 0:X:XX — What genuinely accountable governance looks like

👤 About Matt MoscardiAfter a decade measuring how companies perform on environmental, social, and governance risks at MSCI, Matt co-founded Free Float to measure how the people who run companies perform — rather than the companies themselves. Free Float Analytics provides data on over 250,000 directors globally, with performance attribution across financial and ESG factors, to facilitate proxy voting, engagement, board placement, and allocation strategies. Free Float LLC At MSCI, Matt helped develop the ESG Ratings model used by the world's largest institutional investors, chaired the MSCI ESG Research Editorial Committee, and wrote over 100 investor papers and industry reports. Free Float LLC Prior to MSCI, he worked at Ceres, engaging directly with US pension funds and asset managers overseeing over $10 trillion in assets, and previously founded a hedge fund with a sustainability and resource scarcity focus. Free Float LLC He is a graduate of Brown University and co-hosts the Business Pants podcast, making corporate governance accessible — and occasionally hilarious — for investors and the investor-curious alike.

Whether you are an institutional investor, a corporate governance professional, a sustainability leader, or simply someone who wants to understand who really pulls the strings in global capitalism — this episode is essential listening.

Note: Please update timestamps marked 0:X:XX once confirmed.

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

#CorporateGovernance #ESG #MattMoscardi #FreeFloat #BoardDiversity #ImpactInvesting #Transparency #Accountability #TBLI #RadicalTruth #SustainableFinance #ShareholderActivism #BoardSabermetrics #InstitutionalInvestors #CorporateResponsibility