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The Finance Innovation Lab is an open environment in which people can come together to explore, innovate and evolve the financial system so that it sustains people and planet.
Get Involved.

What's in This Newsletter


1. Innovation Group Workshop 
2. Internalising Externalities Working Group Update 

3. Positive Money
4. Faith and Philosophy Influencing Finance

5.  Dates for your Diary
6.  Thanks Will Oulton!
7.  Interested In Social Innovation?


Innovation Group Workshop 

 

We have held two Innovation Group workshops so far in 2011. The first in January was designed to help existing Innovation Groups think through how to turn their ideas into action (using models built from the contents of the Lab teams handbags to do this!)

In February we invited Bruce Davis, Director of Abundance NRG Ltd and a founder of Zopa and Robin Brownsell, who helped start Metro Bank to share their stories of innovation in finance. Watch the video here



2. Internalising Externalities with Pavan Sukhdev: Meeting of the new Lab TEEB Foundation 

The new TEEB Foundation hosted by the Finance Innovation Lab, is being established to continue TEEB’s work of driving markets and businesses to take account of their full impacts on ecosystems and biodiversity (often referred to as internalising their externalities).  The Foundation will be a broad-based, multi-stakeholder coalition that will bring together, co-ordinate and join up the many voices in this space.

A second phase is planned that will launch a programme of work to identify 100 externalities and conduct a TEEB study into each, assessing the economic dimension of their ecosystem impact on ecosystems and biodiversity.

Members of this coalition so far include; CDP, Forum for the Future, UNEP, UNCTAD, UNEP Finance Initiative, nef, Slaughter and May, Ernst & Young, Accounting for Sustainability, WWF-UK, Carbon Disclosure Project, APG, Volans, UNPRI, SROI, Mercer, HSBC, World Economic Forum, ICAEW, Earth Capital Partners, UNDP, Aviva Investors, AEAT, Trucost, GRI, SONY, Rio Tinto, Ethos Brazil, FEE China, WBCSD, IASB, GIST India, GLOBE,Menke Corporate Finance & Venture Capital, Natural Value Initiative, DEFRA, Sensonido, UNEP FI, PwC, ADAS, Mishcon de Reya, EnviroMarket, Ethical Markets, ICAEW, IUCN email for more info:
richard.spencer@icaew.com

 


Positive Money
 


Positive Money is a think tank and campaign  challenging the fact that 97% of money in our economy is created by commercial banks when they make loans. Their "One Good Cut", campaign launched with the slogan "Cut benefits to bankers out, not things we care about" and an animated 3-minute video have reached nearly 20,000 people in the two weeks since launching. 

 

The Finance Lab have recently assisted providing the means for a much-needed office they can work and host volunteers from. Their office on Goswell Road was set up and opened for business on 28th February.
 
Ben Curtis describes the support the Finance Innovation Lab provided as "a real game-changer" and said "Now we can really take things to the next level. The remarkable skills of all the people who want to take part in this campaign can now be put to use. Thank you to the Lab!"
 
You can see their office transformed from an empty room into a place to work from here:
http://www.youtube.com/watch?v=146PjqJ6GM8&

To get involved or stay in touch, sign up at www.positivemoney.org.uk or contact Ben Dyson at ben.dyson@positivemoney.org.uk.
 


Faith and Philosophy Influencing Finance
 
This group launched on the online community this month is helping to raise awareness and knowledge about 'what is meaningful' in a universal context.   This includes how we can reframe the finance system in its relationship to the wider whole.

Updates


2300 participants 3 Innovation Group Workshops  548 followers on Twitter 2 Assemblies oversubscribed 9 on the Lab core team 20+ Stewards who met at 1 Stewardship Meeting in 2011  £200k in funds raised  1Operating Framework complete 40 Faculty Champions 1198 on the online community 13 Organisational supporters 137 blog post and 59 videos uploaded to our online community   
 

Dates for your Diary


April 4, 2011:  The Finance Lab Assembly & Drinks

The Lab community is invited to the next Finance Innovation Lab Assembly.  This is a chance to find out what the Lab is all about, for our existing Innovation Groups to share their progress so far and for us to invite new groups to join the Lab. 13:30- 17:30 followed by drinks.

Our Assemblies are always oversubscribed, so if you want to come along, we suggest:
Register Today!

1 April 2011: Stewardship meeting

Get Involved


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Featured Supporters
of the Lab


 
Deborah Meaden, Dragon's Den
"This is a visionary concept. The Finance Innovation Lab offers business an opportunity to be at the leading edge of thought and action around what the financial system should look like."
What our community is saying online
www.thefinancelab.ning.com

 

Thank you Will!  


 
A big thank you to Will Oulton, a close friend of WWF family, has kindly donated his speaker fees to the Finance Innovation Lab.
 
More on how you might do the same soon....

WWF-UK Event - World with a Future Begin a new global economy




Deborah 24-25 March 2011, Eden Project

Is our global economic system fit for purpose in our fast-changing world?  With population growth due to rise, this will pose new pressures in the face of climate change and the limitations of our planet's resources.  We need to consider a new and more balanced way of how we view prosperity, the bottom-line and growth.  WWF would like to invite you to their special 50th anniversary international event to explore the building blocks we need to lead the transition to a new global economy.  Keynote speakers also inlcude Lord Adair Turner (Chairman, Financial Services Authority), Tim Jackson (Economist - Sustainable Developement Comission) and Ian Cheshire (CEO, Kingfisher)

Held at the beautiful, Eden Project, the location is first and foremost to remind us of our dependence on and connection to the natural world. RSVP by 25th Feb and receive £100 off your second ticket Visit - www.panda.org/worldwithafuture  or contact ltaylor@wwf.org.uk
Click here for the Tweet Link