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Here's what you need to know: The richest 1% of people on the planet have seen their wealth increase by an average of $2.7 billion per day since 2020.
That's the first time in 25 years that extreme wealth and extreme poverty have increased at the same time, according to Oxfam's "Survival of the Richest" report.
"While ordinary people are making daily sacrifices on essentials like food, the super-rich have outdone even their wildest dreams," says Gabriela Bucher, executive director of Oxfam International, per the Guardian.
Oxfam is calling for a wealth tax on the world's richest, arguing that such a tax could raise $1.7 billion a year, enough to lift 2 billion people out of poverty.
Giving to Amplify Earth Action: The WEF on Tuesday launched Giving to Amplify Earth Action, an initiative to increase philanthropic funding to tackle climate change and biodiversity loss, per the Guardian.
The group estimates that $3 trillion is needed to address climate change and biodiversity issues, and CEO Per Heggenes of the Ikea Foundation says it's "unacceptable" that just 2% of... Read the Entire ArticleSelected Grant News Headlines
Environmental, social, and governance, or ESG, is a hot topic in the investment world, with more than $8.4 trillion invested in ESG-related equities and funds as of the end of 2022.
And it will...more
A Portuguese crowdfunding site that connects investors with social and environmental impact projects has raised more than $1 million in its latest round of funding.
Goparity, which has more than...more
The World Economic Forum held its annual meeting in Davos, Switzerland, this week, and Oxfam released a report on the state of the world's richest people.
Here's what you need to know: The...more
In the UK, entrepreneurs from underrepresented groups are often shut out of investment opportunitiesuntil now.
That's about to change.
Big Issue Invest, the University of Edinburgh's Social...more
Environmental, social, and governance (ESG) issues have long been considered the No. 1 concern when it comes to potential investment opportunities, but a new report from the Global Impact Investment...more
A new study finds that states boycotting certain companies over environmental, social, and governance (ESG) concerns could cost them as much as $708 million a year in extra borrowing costs.
The...more
When it comes to environmental, social, and governance (ESG) metrics, some say they're the most important factor when investing.
Others, however, say they're just as important if not more...more
The Church of England has apologized for its links to the slave trade and is setting up a $100 million fund to address the issue, the Pioneering Post reports.
"I am deeply sorry for these links,"...more
When it comes to environmental, social, and governance (ESG) investing, one of the most popular factors is looking for companies that are making a positive contribution to the environment, society,...more
Greenhouse gas emissions rose slightly in the US in 2022, going up by 1.3% from the year prior, according to a report from Rhodium Group.
While the data is only preliminary, this uptick in...more
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“I vote for a social economy” Campaign
The Social Economy Alliance members had launched its I vote for a social economy, a campaign calling for a more social economy in Britain, at an open mic event in Manchester.
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