Heard on the Street: Chicago’s next gen entrepreneurs, where ESG fails, and the alienation of impact reporting

By October 28, 2019 Heard on the Street

Heard on the Street – here’s what we were reading last week:

Launching Chicago’s next generation of entrepreneurs: Future Founders teaches entrepreneurship classes at local middle and high schools. They run Science, Technology, Engineering and Math (STEM) youth camps. They host pitch competitions, work with innovative 18 to 30 year-olds and run the Residency program to help aspiring entrepreneurs get their ideas off the ground.

Where ESG Fails: Despite countless studies, there has never been conclusive evidence that socially responsible screens deliver alpha. A better model exists, argue Harvard Business School luminaries Michael Porter, George Serafeim, and Mark Kramer.

The Alienation of Impact Reporting: Social-impact reports using language imported from business, finance, accounting, and corporate human resources cause nonprofit employees to feel estranged from their own values and the purported values of their organizations.

Why Black Homeowners in Brooklyn Are Being Victimized By Fraud: Deed theft, or stealing the title to a house, has become a worrisome crime in Brooklyn, targeting rapidly gentrifying communities of color.