Yesterday, we announced that CrowdX had entered into a partnership with One Stone Advisors, the highly regarded ESG consultants to some of the world’s biggest blue chip companies. Their clients range from brewers Carlsberg Group to leisure operator TUI, but they’re keen to offer their expertise to a far wider group of organisations, too. As such we were delighted that they realised the potential our cohort of privately owned businesses
held for them.
As Mike McCudden, CEO of CrowdX, said “Investors are increasingly aware of the impact their money has, so we’ve already put ESG reporting at the heart of the CrowdX marketplace. By enabling our members to work with true global experts like the team at One Stone, we have absolute confidence that this adds a another layer of transparency in the private investment space, both when it comes to setting ESG objectives in the first instance and monitoring the outcomes thereafter.”
The idea of greenwashing is sadly nothing new, but there are concerns that this is becoming even more prominent as a greater number of investors want to try and ensure their money is being put to a good use. By working in conjunction with trusted third parties like One Stone to develop a robust audit trail of a company’s ESG ambitions and subsequent achievements, these risks can be mitigated.
Fran van Dijk, Founding Partner of One Stone, concluded “The work CrowdX is doing helps address the funding gap which stops many companies with true potential from growing to the next stage. We complement their work by enabling businesses to show that their sustainability approach is rigorous, transparent and, at the same time, fully aligned with their ambition.”