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At a moment of unprecedented attention, investment, and opportunity for the emerging field of Environmental, Social, and Governance (ESG), leaders are asking: Who is best preparing their organization for the society of the future? Who is innovating today to meet decades-long environmental and social goals? Who is setting standards that catalyze their industry’s change for the better? Who is defining what bold and aspirational look like — and how best to advance that work in practice?

Enter NationSwell’s ESG Next, an exemplary group of investors, executives, authors, philanthropists, social sector leaders, academics, and field builders who are helping to shape business as a force for social and environmental progress, advancing — and even pioneering — the most forward-thinking and effective programs, initiatives, technologies, methodologies, practices, and approaches.

For this installment, NationSwell interviewed Brandee McHale, Head of Community Investing and Development at Citi and President of Citi Foundation, about the unexpected challenges of headwinds becoming tailwinds, the necessity for leaders to break out of their echo chamber for inspiration, and why economic mobility is the foundation of her unlikely journey to the field of ESG.

Greg Behrman, CEO + Founder, NationSwell: Tell us how your professional and personal journey led to this work.

Brandee McHale, Head of Community Investing and Development at Citi and President of Citi Foundation: My work is at the intersection of traditional ESG, business, society, and philanthropy; I can’t believe I’m going to actually say these words, but I’ve been here for 30 years. 

I never thought that this was where I would land. When people hear that I’ve worked 30 years in the global financial services company, they naturally assume I came from Wharton or Harvard Business School — and while those are fantastic places, I actually don’t have a business background. In fact, I don’t even have a high school diploma.

I wasn’t on the path to economic success, and what really got me back on track was volunteering in my local community. Through volunteerism, I built a professional network — and I didn’t even know I was building one at the time. I just got very engaged with volunteering alongside the former mayor of the city where I’d grown up. And it was through giving back and being involved in volunteer service that actually built up my own confidence, and I began to see myself the way others saw me. I went back to school, I got my GED, and I answered some bulletin board ad for a summer internship at Citi in their corporate charitable giving department. 

Beyond that sense of service, what’s motivated me through the years is the knowledge that it should not have been as hard as it was for me to get from where I was to where I am today. We all have an interest in helping others, but my interest is in leveling the playing field to make it easier. There are far too many exit ramps on the path to economic opportunity — and there are far too few on-ramps. And that’s really how I’ve thought about my career. How do we build more on-ramps and shut down those off-ramps?

Behrman, NationSwell: How do you define this moment in ESG? Where are we, and where are we going? What’s the potential, and where are the pitfalls?

McHale, Citi: I tell my team all the time, this is our moment; let’s not blow it. We’ve lost the luxury of saying nobody’s focused on our issues, that we’re the lone voice here in the company. This is now front and center, and there’s a spotlight on us: we have a whole range of stakeholders, investors, employees, clients, and the public looking at ESG now. I think it’s okay for ESG practitioners to feel unnerved by the eyes that are suddenly on us. It can make you skeptical of everything you’re doing; it can even drive paralysis.

And especially in this moment of so much divisiveness, that paralysis is very real. If you try to please everybody, you’re going to please nobody. So you have to identify your North Star and fly consistently towards it. And I think if you stick with your values, while you’re not going to make everybody happy, you’ll have the ability to withstand any potential criticism. 

In the face of divisiveness, you have to be bold. And I’m excited to be bold. But I’m also clear-eyed about the fact that we are in the very early years of thinking differently about the purpose of the private sector — and its role in driving societal impact. For 20 years, the wind has been against me and my fellow practitioners. We all got really strong from flying against the headwind. But it’s a funny thing when all of a sudden the winds change, and suddenly it’s a tailwind and you should be flying farther and faster, but you actually feel more likely to fall because you don’t have the right kind of skills for this velocity.

Behrman, NationSwell: What’s different about how you lead? To which leadership practices do you attribute your effectiveness?

McHale, Citi: Our most important tool is our people — and that’s especially true when you’re an ESG practitioner. When you’re working in large companies, if you have a role that has something related to ESG in it, you probably had a job description that led you to believe that you would be spending your time externally focused.

But if we really want to have an impact, we are internal change agents. So while it may seem as though we are funding external change agents, what’s different and what I hope is the model that I’ve helped to develop, is that we see ourselves as change agents working across the company to influence, again, business practices, to influence strategies, to influence a focus on communities that have oftentimes been left behind, while also understanding how to partner with others externally so we can maximize impact. And to do that, you really need to build a team that feels empowered to use their voice. And in turn then we empower our company, many times not just to engage in actions, but to also use our voice and to ask, what is our commitment to an issue? 

And a great example of this, I think, is our work on racial equity. Like many companies, after the murder of George Floyd, we were searching for what we could do to make a difference. We did do some immediate philanthropic funding to civil rights organizations, but we knew that that was completely necessary, and insufficient. We realized that the real opportunity we have is to step back and ask, what is the specific role that financial institutions can play in racial equity? And for us, it was to look back and say part of what fuels racial injustice in the United States is the long-term perpetual racial wealth gap.

And while we’re very proud of the role that Citi Foundation has played on this issue philanthropically, philanthropy is insufficient to really address this issue. We’re working across the company in a comprehensive way to clarify what our role is in helping people get into the financial mainstream and accumulate financial wealth and assets.

In terms of leadership practice, I’m a big believer in purposefully making space that exists outside of your echo chamber. It’s something you have to practice actively; we tend to not realize we’re on autopilot, going to the same meetings, the same events, and the same conferences. This action can be something simple, like auditing who it is you tend to take your meetings with. But it can also mean getting out of the big cities. I’ve probably spent way too much time in my career thinking that the United States is New York, D.C., and California. It turns out, there’s a country in between these cities. And seeing how these communities approach economic mobility in ways that perhaps weren’t on your radar can give you that spark of inspiration that leaders are so often chasing. 

Behrman, NationSwell: What are some unique programs or initiatives you’re leading that other leaders may benefit from knowing?

McHale, Citi: I’m really proud of our work to help students get to and through college. We identified two primary barriers for students: the first is financial, and the second is navigating an increasingly complex system, especially if these students are the first in their family to attend college. 

To counter these barriers, we started a platform that supports initiatives opening up college savings accounts for young people. It’s an effort we’ve already begun scaling in San Francisco, San Jose, Los Angeles, and Atlanta, with more locations to be announced soon. We initiated this approach a decade ago, and the first group of students from the San Francisco public school system is graduating this year. 

It’s an initiative that did more than just give kids accounts — it also changed the narrative around college for these communities from “if” to “when.” We’ve witnessed parents, kids, and family members depositing even small amounts into these accounts, and schools building a culture that focuses on college admissions — not just high school graduation.

The program in San Francisco, which is called Kindergarten to College, has become the framework for these initiatives. Some places even have similar Baby Bonds programs. They all aim to level the playing field by providing the same opportunities that a child born in a high-income family might have, such as a 529 account opened for them at birth.

It’s clear that schools aren’t bankers, and that’s why we’ve helped them by developing an online platform that allows school systems, or large youth-serving nonprofits, to manage the program. They can sign up kids, track deposits, and support families through the program. At the back end, we ensure the system works with various banking partners — whether it’s Citibank or a local community development credit union. This approach eliminates the need for everyone to reinvent the wheel, essentially creating a scalable “franchise” opportunity.
This solution was informed by our philanthropic work. We discovered that, while there is funding available for matched funds, unless programs can run efficiently, they will not be able to operate at scale. 

Another area is our Citi Impact Fund, which invests in double-bottom line companies. It’s important to remember that it’s not just about injecting capital — it’s about support. Providing post-investment support and assisting our portfolio companies to thrive, extend their networks, and boost their revenue-generating opportunities are of the utmost importance.

Though the Citi Foundation’s Community Progress Makers initiative, we offer core operating support grants of $500,000 each and say to grantees, “Go forth. We are not the experts here, you are. We trust you.” We’re not in the business of what I like to call “torturing” our grantees. 

Funding shouldn’t be onerous. Removing that red tape is part of our commitment to ensuring philanthropic capital is the most catalytic resource it can be. It should be the most flexible research and development money that’s out there. 

I’m also excited about the Foundation’s Global Innovation Challenge – Food Security, which is our first global open source effort, designed to improve food security and strengthening the financial health of low-income families and communities. 

The world is moving so quickly; and when it comes to food security, so many issues are interconnected — economic empowerment, financial health, supply chain. It excites me that we are now embracing the ways these issues are interconnected instead of focusing on just one component of them.  

Behrman, NationSwell: Who are some fellow leaders that are inspiring your leadership right now?

McHale, Citi: I’m inspired by the leadership of Kathleen Enright, CEO of the Council on Foundations. She’s tackling some of the hardest conversations in philanthropy today. Janice Bowdler went from the nonprofit sector at Unidos US  to the private sector with JPMC, and now she’s in public service as the Counselor to the Secretary at the U.S. Treasury on matters of racial equity. I absolutely love this multi-sector transition.In the impact investing space, the biggest rockstar is Melissa Bradley. When we were building our Impact Fund, she challenged us to be different – to stop talking and just do it differently. 

All of these women are fearless about giving the counterpoint to what someone may be saying.

Behrman, NationSwell: What are some books you’re reading, shows you’re watching, or podcasts you’re listening to that inspire and inform you?
McHale, Citi: For me, it’s really important to listen and learn from nonprofit leaders and change agents. I follow Financial Health Network’s Financial Pulse survey to keep up-to-date on the financial lives of everyday people around the country. I also really enjoy listening to Jennifer Tescher’s EMERGE Everywhere podcast, which focuses on financial health and breaking siloes between sectors.

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To learn more about how our ESG Next honorees are shaping business as a force for social and environmental good, visit the series hub.

At a moment of unprecedented attention, investment, and opportunity for the emerging field of Environmental, Social, and Governance (ESG), leaders are asking: Who is best preparing their organization for the society of the future? Who is innovating today to meet decades-long environmental and social goals? Who is setting standards that catalyze their industry’s change for the better? Who is defining what bold and aspirational look like — and how best to advance that work in practice?

Enter NationSwell’s ESG Next, an exemplary group of investors, executives, authors, philanthropists, social sector leaders, academics, and field builders who are helping to shape business as a force for social and environmental progress, advancing — and even pioneering — the most forward-thinking and effective programs, initiatives, technologies, methodologies, practices, and approaches.

For this installment, NationSwell interviewed Vilas Dhar, President of the Patrick J. McGovern Foundation (PJMF), about what this moment in artificial intelligence (AI) means for ESG practitioners, the importance of pushing past digital literacy and towards digital agency, and the big questions that leaders should ask as we build an equitable and human-centered future enabled by technological innovation.

Greg Behrman, CEO + Founder, NationSwell: Tell us how your professional and personal journey led to this work.

Vilas Dhar, President, PJMF: My life’s journey has been defined by an insatiable curiosity and a commitment to accelerating innovation that sustains human aspirations, creativity, and joy. This socially minded curiosity was shaped by the time I spent with my grandfather in India.  At the start of each visit, I would proudly show him the new tools or gadgets I was developing and he’d always respond in the same way, “Now that I’ve seen how much joy and creativity these tools bring you, how can they also uplift the people in your community, in your family, in the world around you?” 

That question defines so much of my journey and is one I continue to ask myself today. I’m an incredible optimist about the world that we can build together, and that optimism started at a very young age. I had early exposure to amazing technologies: from exploring firsthand the technical innovation behind my favorite video games to hearing my mother describe how a computer was changing her job as an administrator at a university. I saw all the incredible ways these tools helped us spend more of our time doing the things that actually mattered — like connecting to each other — and helped us move away from rote mechanical tasks. Because of these technologies, we were able to use our creativity and inspiration to build cool things that, in a way, improved our lives. 

But at the same time that I was growing up and seeing all the transformative potential of technology, I also spent a lot of time with my family in rural India — in a world where technology hadn’t yet entered the picture. We’re not talking about computers here; we’re talking about basic things like power and running water. I remember these movements of contradiction so clearly because they highlight the frustrating tension that shapes so much of my professional journey: on one side, I have an unshakeable optimism about what we accomplish through ingenuity and shared action; and on the other, I can’t fathom why we are okay with a world where only a few get to enjoy the benefits of that innovation – simply because of who they are or where they grew up. 

We have to change that. 

Behrman, NationSwell: You’re an expert on artificial intelligence. What can you share to help moor ESG practitioners around what this current moment means? How can we lean in?

Dhar, PJMF: When I look out at the world, it feels like there’s actual potential for a transformation of power. These technologies are creating new agency for people across the planet, and we’ve been given — right here, right now — a chance to make decisions that include technology, but aren’t just about technology. They’re about who gets to participate, who gets to decide, and who gets to inform those decision makers. They’re about the uniquely human element of this transformation – one that will affect us all.

The big question isn’t about asking how to better understand these technologies and map their potential to the social justice work we do. We’ve already seen these new technologies do amazing things, from empowering frontline earth defenders to predict and stop illegal logging and poaching, to revolutionizing the efficiency of humanitarian aid delivery after a natural disaster. Now the big questions we need to ask are around our values and what we hold dear; how we’d reshape our very society; how we’d think about democratic and inclusive political processes to amplify marginalized voices; how we’d measure the value of our time and our labor; and how we’d re-design our governance structures and mechanisms of participatory decisionmaking.

We built an entire class of institutions after World War II that did amazing work in creating new economic opportunity and uplifting people across the battered postwar world — but that was almost 75 years ago. And while the private sector has moved forward and civil society has moved forward, we have to ask whether these institutions are ready for the challenges of the 21st century. Are these institutions fit to tackle the enormous scale of global hunger, injustice, climate change, pandemics, and beyond? Our positive frame is to ask, how do we convene all the different stakeholders in society to uplift global majority voices — and not just the Global North? How do we build new multilateral institutions that are fit-for-purpose, community-driven, and resourced to proactively address the major global challenges that we will face over the next 100 years?

Behrman, NationSwell: What are some activations that might enable leaders to better meet this moment?

Dhar, PJMF: Two categories come to mind: intention and action. We have to name and hold a set of intentions around building more inclusive and participatory decision-making infrastructure. That requires those who hold power to open the doors for those who aren’t traditionally included in those rooms, and it requires them to build trust with underrepresented or marginalized individuals so that they are willing to engage with us. 

I have deep trust in communities to define and shape their own destiny. So often, we’ve assumed that those who hold the power, privilege, and tools we are speaking about can make decisions for everyone else. But the truth is, communities are great at defining their own course. If we don’t intentionally engage them as the architects of their own future and proactively equip them with the right tools, opportunities, and support to succeed, then we’re missing the point.

Then, we have to understand that every person on the planet needs to experience not just digital literacy, but digital agency. It’s so easy to say that AI is this new thing on the horizon that’ll affect us in some profound way, but we actually need to understand these tools well enough to determine what their consequences might be on our lives. We need to create and nurture a shared and accessible language to discuss these tools and advocate for equity, justice, and human rights as they proliferate around us. That’s both an individual and collective intention we have to set. 

And then there’s the action. We need a new social conversation about what economic and moral structures we want to build. And we need to include voices across civil society, across government, across business, and across communities. We need conveners who will step forward to bring those groups together. And we need a bold willingness to act, to begin implementing what comes out of these conversations. I believe deeply in honoring human inspiration; what I mean by that is if someone has an amazing proposal, we can talk about it for months or we cantry it within just weeks. It’s the latter approach that will inspire and cement positive change.

Behrman, NationSwell: What are some unique programs or initiatives you’re leading at PJMF that other leaders may benefit from knowing?

Dhar, PJMF: We are re-envisioningwhat it means to be a philanthropy in the 21st century – where  grant making is now just one of the many tools we have to build public trust. We’ve restructured how we think about strategic intervention in civil society, moving from an idea where people apply for a grant and we make a decision — which just feels so disconnected from the outcomes we’re looking for — to a process in which we first strategize with civil society around what an ideal future would look like, and then collaborate with them to build programs to advance that future. That means, while we still make a lot of grants, we also partner directly with nonprofits to build capacity around data and AI, and we partner with governments and academic institutions to build entirely new frames of reference for human-centered AI.

To this end, we’ve recently built and deployed a new initiative called the Centre for Trustworthy Technology in partnership with Deloitte and the World Economic Forum. Together, we’re creating an entirely new convening space to think about policy for the AI-enabled age. We work directly with communities across the United States to support the idea that those who have traditionally been left out should be key architects of not only our technologies, but also of the societies we live in — groups like CodePath, Per Scholas, and The Hidden Genius Project.

We also work with AI scientists from Indigenous communities, and our work with the International Wakashan AI Consortium is emblematic of our approach. We support AI code camps on Indigenous sovereign lands to train young people to harness the power of these technologies and to give them a pathway to educational and professional opportunities. We also support their efforts to build new AI tools and models to preserve Indigenous languages, capturing thousands of years of ancient wisdom and applying that wisdom to a world that uses AI to translate and help young people connect to their own stories. 

Behrman, NationSwell: To which leadership practices do you most attribute your effectiveness?

Dhar, PJMF: My leadership style stems from a core belief that leaders have to be willing to call out what’s wrong in the world today; to call out inequity, injustice, and systemic exclusion as antithetical to the world we want to create. One key part of how I practice leadership is that I question the way things are done, and whether what we’re doing today is actually helping to build a better world. There are two benefits to asking that question. The first is more straightforward: if what you’re doing isn’t actually helping, you can ask the hard questions about what it will take to change the course of your actions; and the second is that by taking this first step as a leader, you enable and empower the community of people who work with you and around you to be able to do the same. 

This is a shared journey. If those of us on the journey can say we don’t like what we do, and if we can say we know there’s a better way, then the question you’re left with becomes a very human one: How do we come together to do better? And the answer to that question contains the real work of leadership, which is all about building trust; about becoming more humble and more curious so that others can make their voices heard; about making sure that our outcomes and our visions are aligned. As leaders, we need to demonstrate that we are truly accountable to each other; and we need to find and build spaces of shared joy to actually incentivize us to do more and do better.

When it comes to some of the issues that we focus on, we’ve become comfortable with the idea that there are technologists who make technology decisions and policymakers who make policy decisions. But for us, leadership is about empowering communities to know that technologists and policymakers should act as representatives of community interests, and that communities, too, have a right to participate in these decisions. At the end of the day, we want to affirm and show that we are here to support and serve communities along their own journeys of self-advocacy and self-actualization. And that also implies a responsibility for us to take shared ownership over the decisions.

Behrman, NationSwell: Who and what are inspiring your leadership right now?

Dhar, PJMF: At a foundation like ours, I come into contact with so many inspiring trailblazers, movement builders, and bold disruptors every day – that I couldn’t possibly name every one. But I’ll name a few here. Brandon Nicholson  runs The Hidden Genius Project, an amazing intervention that gives young Black men a full suite of support and engagement to help them find professions in technology. The Project started in Oakland, but Brandon scaled his work to multiple cities around the country; he’s just an amazing, incredible emerging leader. Gabriela Ramos, the Assistant Director-General of UNESCO, has taken this very deep international, global majority approach to thinking about how AI and technology are transforming all of our political structures. She’s a great writer, an inspiring leader, and a trusted colleague and friend. Michael Running Wolf is an Indigenous AI scientist who has committed his entire life to using these tools to connect people to the stories and wisdom of Indigenous culture. Through his leadership, we have begun to foster the next generation of young Indigenous coders, scientists, and changemakers. 

I also want to highlight the work of our partner: Tara Chklovski at Technovation — an organization that teaches girls technology and leadership skills to catalyze climate action across the globe. PJMF is proud to support and partner with civil society leaders like Tara, who are revolutionizing the application of technology to further social impact, gender equity, and empowerment. I’m sharing a recent quote of hers from THE Journal: “At Technovation, we want to champion the equitable adoption of new technologies and acknowledge as an opportunity that our students must learn how to engage with ChatGPT and use it to develop solutions to the world’s most pressing problems.” Tara and I recently hosted a LinkedIn live on “AI and Leadership: A Pathway to Girls’ Empowerment and Climate Resilience,” to dive into some of these problems and how our two organizations are partnering to address them.

In addition to the transformative changemakers I work with, I also derive inspiration from reading. One book that made a unique impression on me and my work was Tomorrow, and Tomorrow, and Tomorrow by Gabrielle Zevin – a story that reminds us of just how important it is to find joy and fulfillment in our lives and the work we do. The second is a tract that I’ve read many, many times in my life: Siddhartha by Hermann Hesse. It’s an inspiring work that shapes acceptance of the many, many paths to our own internal truth.

I also feel fortunate to work in a field that contains such rich discourse from a broad range of sources. For example, Politico’s Digital Future Daily is a tech newsletter that regularly features different experts in the digital space, ranging from Microsoft’s Chief Responsible AI Officer Natasha Crampson, to DAIR’s Timnit Gebru, to the Future of Life Institute’s Mark Brakel. These are critical resources to not only inform communities about how AI and other technologies might affect their lives, but to also foster democratic dialogue around forging an equitable and rights-based approach to AI development and use.

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To learn more about how our ESG Next honorees are shaping business as a force for social and environmental good, visit the series hub. PJMF is a NationSwell Institutional Member. To learn more about membership in NationSwell’s community of leading social impact and sustainability practitioners, visit our site.

At a moment of unprecedented attention, investment, and opportunity for the emerging field of Environmental, Social, and Governance (ESG), leaders are asking: Who is best preparing their organization for the society of the future? Who is innovating today to meet decades-long environmental and social goals? Who is setting standards that catalyze their industry’s change for the better? Who is defining what bold and aspirational look like — and how best to advance that work in practice?

Enter NationSwell’s ESG Next, an exemplary group of investors, executives, authors, philanthropists, social sector leaders, academics, and field builders who are helping to shape business as a force for social and environmental progress, advancing — and even pioneering — the most forward-thinking and effective programs, initiatives, technologies, methodologies, practices, and approaches.

For this installment, NationSwell interviewed Melissa MacDonnell, President, Liberty Mutual Foundation and Vice President, Community Investments, Liberty Mutual Insurance, about what this moment in corporate philanthropy means for practitioners, the power of a collaborative framework for funding, and how employee volunteerism programs can better center inclusion.

Greg Behrman, CEO + Founder, NationSwell: Tell us how your professional and personal journey led to this work.

Melissa MacDonnell, Liberty Mutual:  My mom worked as a social worker in Newark, NJ and instilled a strong sense of service in my nine siblings and me.  When I was in high school, she would take me every week to volunteer with adults with disabilities.  I helped them with daily tasks like making the bed, going to the local store, completing household activities, and more. Because of my mom, service became a part of my DNA, a lens through which I would see the world. 

One of the memories that will always stay with me was of one man with whom I worked. He was misdiagnosed as a child as having developmental disabilities; when in fact, he was deaf. Therefore, he spent his entire life in an institution. It was striking to know that the inability to understand his struggle resulted in a life of institutionalization. I built a strong bond with him and spent time teaching myself sign language. I wanted him to know I saw him. 

Later, I became a volunteer GED teacher and taught young people who were forced to grow up way too soon, forced to leave school to make money for their families, forced to deal with the urgency of needs today rather than building for their futures. 

I also had the chance to become a big sister; twenty-four years later, we are still sisters. Becoming a big sister for a girl living in a group home showed me how many people are struggling on their own, without the basic supports so many of us take for granted.

Behrman, NationSwell: How do you define this moment in corporate philanthropy?

MacDonnell, Liberty Mutual: It’s such an exciting moment for corporate philanthropy. When I started nearly 25 years ago, philanthropy was more of an offshoot. The company was always deeply committed to the community, but there was a desire to keep the philanthropy separate.  That desire came from a really good place; however, it left some of our potential for impact off the table.

Today, we are an integral part of Liberty Mutual — we’re central to the purpose of the company. There’s a recognition that our engagement in the community is collectively owned through our foundation and through each of our 50,000 employees who want an opportunity to give, serve, and volunteer. And with the proper construct, we have the chance to empower and engage all of Liberty to bring our expertise, our skills, our passion, and our resources to bear for our communities.

I think we’re just all collectively inspired by the opportunity to invest the strength of Liberty Mutual as a force for social good.

Behrman, NationSwell: What are some unique programs or initiatives you’re leading that other leaders may benefit from knowing?

MacDonnell, Liberty Mutual: Our work in youth homelessness is a great example of a programmatic body of work that we’re proud of. 

In youth homelessness, we found an issue that was not getting visibility or support, where there was a real and demonstrable need. We heard from our education partners that young people were showing up to school with backpacks stuffed with everything they owned. And we heard from adult shelters that they had to turn away more and more young people every day. 

The more we pulled the thread, the more we recognized that youth and young adult homelessness was something that really needed attention. So, we started to invest and joined a collaborative that included city and state officials, nonprofit leaders, Liberty Mutual, as the corporate leader, and, most importantly, young people with lived experience. Together, we helped the City of Boston successfully apply for $4.7 million in federal funding, which was critical for creating 157 housing opportunities for youth and young adults experiencing homelessness. Since 2018, Liberty Mutual has committed $24 million towards the issue, largely in Boston.

As a result of these collective efforts, the number of young people experiencing homelessness in Boston has dropped 44%. This collaborative approach is the reason this effort has been so successful — because it included so many voices and so many experts—particularly young people with lived experience.

Internally, another example that comes to mind is our Liberty Torchbearers program, where we provide employees the opportunity to serve annually in the community during work hours, volunteer on their own time to earn nonprofit mini-grants, and give to nonprofits that mean something to them, while earning a 100% company match with no upper limit. 

What differentiates Torchbearers is that even as we use it to drive organizational cohesion around giving back, we center it on individuality and inclusivity at its core. We’re all different, and we’re all in different seasons of our lives; we all give, volunteer, and serve differently from one another. If you’re a working parent and your way of giving back is volunteering your time during the workday, you can be a Torchbearer; if you’re at a different stage in your career and don’t have as much time to volunteer, but do have the resources to donate, you can be a Torchbearer. Or if you’re a manager and you really want to infuse service in some sort of team building, you and your team can engage in a community project together as Torchbearers. 

Having a framework that is inclusive and respectful of the different places and stages of people’s lives makes Torchbearers such a positive and impactful program.

One last initiative comes to mind: We’ve pulled together a cross-functional team within the company to explore how we can bring to bear the unique strengths of Liberty Mutual on behalf of our neighbors most disproportionately impacted by climate change.  So we’ve been inventorying our expertise on the corporate side and listening and learning from our community leaders so we can accelerate, enhance, and advance climate resiliency first in Boston and then beyond.

Our hope is that this work will tap into the best of who we are, and what we do. We have expertise, we have technologies we’re constantly creating for our customers, and there’s so much that can be transferred into our community.

Behrman, NationSwell: To which leadership practices do you most attribute your effectiveness?

MacDonnell, Liberty Mutual: I live with a very deep sense of urgency on behalf of our neighbors. I feel strongly about the needs in our community, and I feel deeply about the people whose voices aren’t always heard. I also believe in the goodness of my colleagues. Together, we can meet this sense of urgency and do everything we can to advance social good. 

Behrman, NationSwell: Who are the peers that you admire and what are some resources – a book, podcast, article, etc. – that inspire  you?

MacDonnell, Liberty Mutual: I admire Jill Shah, the president of the Shah Family Foundation, and Ross Wilson, their executive director. I love the work they do. Not only are they generous givers, but they add tremendous value to community discussions and to the field of philanthropy.

A company I admire is UPS. I love how they’ve used their “superpowers” especially their expertise with distribution in times of crisis: the way that they responded to COVID, getting different services out to people as well as their activation during natural disasters. They’re there, they jump on it, and they do what they do so well in their business. 

In literature, there’s a book by Phil Buchanan called Giving Done Right. I really appreciate his point of view, and his warnings about the power dynamics of philanthropy. George Serafeim’s Purpose and Profit is also a terrific work I strongly recommend. It’s such an interesting book jam-packed with real-life cases. I have also learned a lot by Bill Gates’ How to Avoid a Climate Disaster.  In fact, I’m reading it for a second time right now!

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To learn more about how our ESG Next honorees are shaping business as a force for social and environmental good, visit the series hub.

At a moment of unprecedented attention, investment, and opportunity for the emerging field of ESG, leaders are asking: Who is best preparing their organization for the society of the future? Who is innovating today to meet decades-long environmental and social goals? Who is setting standards that catalyze their industry’s change for the better? Who is defining what bold and aspirational look like — and how best to advance that work in practice?

Enter NationSwell’s ESG Next, an exemplary group of investors, executives, authors, philanthropists, social sector leaders, academics, and field builders who are helping to shape business as a force for social and environmental progress, advancing — and even pioneering — the most forward-thinking and effective programs, initiatives, technologies, methodologies, practices, and approaches.

For this installment, NationSwell interviewed Shamina Singh, Founder and President of the Mastercard Center for Inclusive Growth and Executive Vice President of Sustainability at Mastercard. We spoke with Singh about the “S” in ESG, her commitment to continued learning and service, and the power of leaning into the urgency of the moment.

Greg Behrman, CEO + Founder, NationSwell: How would you make sense of this moment in ESG? 

Singh, Mastercard: It’s an exciting time for sure, but it’s a time that’s born out of crisis. We face monumental climate issues and rampant income inequality on a global scale. This moment demands that practitioners maintain focus on what we’re genuinely aiming to solve.

It’s encouraging to see everyone across the spectrum trying to figure out how to get it right; but as investors, companies, politicians, and governments are all grappling with what ESG means for them, we have to remember that each group has its own unique incentives and roles. The task at hand is balancing these different perspectives, creating a unified approach, and maintaining urgency among lots of different stakeholders. 

Behrman, NationSwell: How is the field of ESG evolving? What’s next?

Singh, Mastercard: What comes next is the private sector continuing to navigate an increasingly dynamic regulatory environment. Between the EU and the US, requirements for measuring corporate climate impact will require greater resourcing and administrative attention. At the same time, more communities are experiencing climate change directly and in real time, managing mitigation and adaptation simultaneously. It’s that intersection of climate change and the related economic impact that’s on the agenda now.

There’s broad agreement about how we measure an organization’s environmental factors and impact, but we’re still in the sense-making stage when it comes to social factors. Current measures don’t capture the impact of private sector initiatives like financial inclusion, relief and aid tied to the war in Ukraine, and the development of COVID-19 vaccines. The thinking about how to measure what businesses do in the social impact space keeps changing, so even companies that have been doing this work for a while face the shifting challenge of how to capture and report their impact. 

Looking forward, there’s an opportunity to embrace standardization around the ‘S.” If we don’t, and if it continues to shift, there’s a chance that practitioners might deprioritize these efforts, particularly as the regulatory focus on environmental factors continues.

We can apply the best practices that have been used to standardize environmental factors to communicate social impact measure — and that’s one of the things we’re proposing at the Center for Inclusive Growth: a framework for the social factors that mirrors the environmental, which might help companies and other stakeholders to tell their story around the ‘S’ as clearly as they do around the ‘E.’  

The Greenhouse Gas Protocol Corporate Standard offers a model. In this protocol, Scope 1 covers the emissions that companies directly control, Scope 2 covers emissions associated with a company’s energy consumption, and Scope 3 covers the indirect emissions generated through the company’s supply chain.  We could use a parallel structure for social impact standards. Scope 1 could include the direct social impact of a company’s policies on its own employees. Scope 2 could account for how a company’s core competencies – like products, services, and work within supply chains — address societal challenges. And Scope 3 could encompass philanthropic giving, grants, and other community investments. 

This is a conceptual starting point, but the idea is to create a framework that quantifies the work companies are doing that provide a positive benefit to society.

Behrman, NationSwell: What’s unique about the work you’re leading? What are some approaches, strategies, or practices you’re deploying that other field builders should have visibility into?

Singh, Mastercard: There are three aspects of our work I’d like to call out. 

First is the unique framework we’ve established around creating impact. Though the Center is housed within Mastercard, we conduct independent research. It’s important to build our programs on an independent evidence base. The goal is to understand and utilize the assets of the company for social and environmental benefit, and to share that approach with the world. For us, this involves identifying and using Mastercard’s resources to progress toward these ends, and then ensuring our corporate activities are informed by these crucial issues. It’s the recognition that our business success depends on a healthy planet with an inclusive economy, and that we do well by doing good.

Secondly, as a company with extensive data assets, we recognize that data science can be harnessed for better decision-making—but unfortunately, social sector organizations are not building data capacity at a rate that will allow them to capitalize on a new data economy. 

In 2019, we established a program dedicated to building the field of data science for social impact. This initiative aims to enhance the social sector’s capacity to harness the power of their data. In partnership with the Rockefeller Foundation, we created data.org—an organization dedicated to building data science capacity around the world. Our aim is to close the information inequality gap, the growing divide between those who have data and those who don’t.

The third highlight is our focus on small businesses through a global initiative called Strive. We know that small businesses are the engines of the economy, and we are putting our assets to work to support their success. Strive supports businesses with a propensity for growth, and we focus our support in three areas: capital, digital transition, and market access. 

Behrman, NationSwell: Tell us about the Center for Inclusive Growth. How has it evolved?

Singh, Mastercard:  In modern corporate America, social impact isn’t always treated as a central business strategy. The Center for Inclusive Growth seeks to change that narrative by harnessing our company’s resources to generate meaningful change, primarily through a focus on financial inclusion. 

We founded the Center with clear principles for our work, all of which is rooted in evidence-based methods for applying the insights, impact, influence, and investments we have at our disposal.

Thinking about ESG, the Center’s role grows more critical. Many companies have a c3 foundation or an impact fund along with their primary business. The Center brings together these elements and helps determine the most effective application for philanthropic capital and business assets. 

Behrman, NationSwell: What leadership practices have helped you operate effectively?

Singh, Mastercard: I act upon the deep sense of urgency that I feel. It’s simply not acceptable to me that people are suffering, particularly in a world that’s rich with technology, medical advancements, and information. Yet, these resources aren’t being shared widely enough.

You see this sense of urgency reflected in the Center’s philosophy of creating networks. The premise is simple: One’s place of birth shouldn’t dictate their life’s trajectory. This concept of mobility resonates deeply with me. I believe everyone should have the opportunity to fulfill their potential.

Behrman, NationSwell: Is there anything you’ve read, watched, or listened to that has inspired your leadership?

Singh, Mastercard: There’s a book by Sendhil Mullainathan called Scarcity that has profoundly influenced my thinking. The book offers a nuanced and illuminating view on poverty, showing that people with limited resources are often excellent decision-makers because, from necessity, they’ve learned to operate in an environment of scarcity, not abundance. The goal then should not be to instruct them on what they should do, but to help them expand their bandwidth and time.

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To learn more about how our ESG Next honorees are shaping business as a force for social and environmental good, visit the series hub. Mastercard is a NationSwell Institutional Member. To learn more about membership in NationSwell’s community of leading social impact and sustainability practitioners, visit our site.

At a moment of unprecedented attention, investment, and opportunity for the emerging field of ESG, leaders are asking: Who is best preparing their organization for the society of the future? Who is innovating today to meet decades-long environmental and social goals? Who is setting standards that catalyze their industry’s change for the better? Who is defining what bold and aspirational look like — and how best to advance that work in practice?

Enter NationSwell’s ESG Next, an exemplary group of investors, executives, authors, philanthropists, social sector leaders, academics, and field builders who are helping to shape business as a force for social and environmental progress, advancing — and even pioneering — the most forward-thinking and effective programs, initiatives, technologies, methodologies, practices, and approaches.

For this installment, NationSwell interviewed Shannon Schuyler, Chief Purpose and Inclusion Officer at PwC, about the importance of an organizational North Star, why there’s no more safe zone for having difficult discussions about society at work, building coalitions with unlikely allies, and why going deep is sometimes better than going wide.

Greg Behrman, CEO + Founder, NationSwell: Can you tell us how your professional and personal journey led you to the work you’re leading?

Shannon Schuyler, Chief Purpose and Inclusion Officer, PwC: As our organization’s Chief Purpose and Inclusion Officer, my team and I are responsible for PwC’s purpose initiatives, which include corporate social responsibility, philanthropy, and ESG-related considerations. We’ve always been purpose-driven as an organization, but what someone means when they use the word “purpose” has been in a state of flux, which can make it a challenge to maintain understanding and alignment around it. 

When my team began 26 years ago, we had a traditional definition of what we meant by purpose: Our purpose was to protect the capital markets. And while that’s an accurate summary of what we do, to me, it begs an even more profound question: Why do we do it? What is our North Star — our guiding principle — that encourages us to make the investments we make and take the actions we take? 

PwC’s North Star is building trust in society and solving important problems by advancing real progress on some of our communities’ most urgent challenges. And it’s my task to align that traditional sense of purpose with our North Star through the ways we approach ESG to solve these problems. And although ESG issues aren’t traditionally seen on the same level as protecting capital markets, they’ve now gained equal importance — and the urgency around them continues to evolve. 

That may not sound to you like your typical professional services firm, but that’s the difference that distinguishes and defines us: our need to be more innovative and creative. Because if we’re not actually solving the important problems, really, why do we do what we do at all?

Behrman, NationSwell: How would you make sense of this moment in ESG? How has the field evolved, and where is it going?

Schuyler, PwC: 20 years ago, leaders who cared about environmental and social problems were frustrated with the little action we saw. We all wondered when more people — more leaders of more organizations — were going to recognize the importance of these issues, and the profound longevity of these challenges. We all asked ourselves why more people weren’t taking action to solve problems that our children, and their children, will face one day. We all hoped more would join us in taking action, because that was the only way we’d ever stand a chance in actually driving progress. 

This is a textbook example of being careful what you wish for, because today, with ESG, we now find ourselves in the exact place we all envisioned. And now that we’ve arrived, we realize that things aren’t as clear as they look in the rearview mirror. Back then, we thought it was as simple as contributing to a philanthropy and that’s it — job done. However, we now understand that these issues are pivotal to the sustainability of our planet and society; they concern our collective ability to ensure the continuity of life, our economy, and our progress. The stakes are high and the path uncertain. People are eager for definitive answers, but the reality is we’re creating solutions as we go, with our work on full display for all to see.

It’s a daunting challenge, made even more daunting by the rapid pace of change. Consider this: It took more than a century to develop our current systems of financial statements and planning, but we’ve only had 15 years to learn how to account for carbon. The speed of these developments is remarkable, and the margin for error is slim. It’s a monumental task, but it’s exactly where we wanted — and needed — to be if there was any hope of making an actual difference for future generations.

Behrman, NationSwell: What are the pitfalls and concerns of where ESG is going — and what’s the promise of what can come next?

Schuyler, PwC: It’s really fascinating how our professional environment — not just at PwC, but really the modern workplace — has changed over time. I’ve been with the firm long enough that I remember when subjects like politics and race relations were just not discussed within the workplace. These were topics reserved for personal time — like maybe a heated Thanksgiving debate — but certainly not something addressed daily at work.

That’s all changed. Today, these issues confront us every day, and we absolutely must address them. These issues are literally at our doorsteps and within our buildings. The sidelines have disappeared; there’s no safe zone to relegate these discussions. We’ve never done this before, but we can’t avoid it now. 

But the challenge lies in figuring out how to, in the workplace, discuss societal issues like horrific racial incidents in a way that’s respectful, appropriate, and capable of driving change; and alongside those issues, we can’t avoid talking about the reality of climate change when storms are devastating Midwest towns overnight, leaving people homeless due to insufficient resilience in these smaller cities – because the equity piece of the equation is present in both. 

It’s difficult to know how to react because these situations stir up a lot of anxiety and emotion. Trying to make decisions amid this emotional upheaval has made the task more challenging. But if there’s an upside, it’s that the urgency of these issues has become more apparent. People can’t ignore what they see on the news or what’s happening in their cities. They may not like it, but they can’t pretend it’s not happening. The issues are too glaringly apparent.

Some practitioners say, “ESG is really a nascent field, we’re just beginning, we’ll get it right down the line.” But we don’t have the luxury of saying that we’re at the starting line anymore. We’re in the game, and now we’re forced to run plays. And the people watching us are chanting, “When are you going to score?” And they’re waiting for that score because if we don’t deliver, then they’re going to say that this isn’t valuable, and you actually can’t make a change.

People don’t want to hear, “Give me 10 years to get this run and then I can get it!” We have to get it right now. We have to be able to show that we can actually make change happen sooner than what has occurred in other industries because this has to be validated, so we can prove it shouldn’t go back to being something that only a handful of companies focus on. And if we don’t realize that, we could lose — we could go back to where we were 20 years ago.

Behrman, NationSwell: What’s unique about the work you’re leading? What are some approaches, strategies, or practices you’re deploying that other field builders should have visibility into?

Schuyler, PwC: A decade ago, the focus was on who could pledge the largest sum or reach the most people. Now, the focus has shifted towards making a deeper impact on a smaller number, rather than just reaching a mass scale with something less substantive. 

Our progression with Access Your Potential reflects this change. The focus is now on employment, on preparing people to start their careers. We’re not just providing tools for personal upskilling, which is important, but we’re also creating pathways for people to join companies like ours and others.

With Access Your Potential, we’re saying it’s not just about providing the right connections, curriculum, and visibility. We want to ensure there’s a tangible outcome — a place where you can be successful on your own terms, and find a career path for the future support through newly developed skills and network.

We’ve moved from reaching 12 million K-12 grade students and helping them to sharpen their financial literacy skills to providing deeper support to 25,000 Black and Hispanix/Latinx college students. The depth of that support includes providing them with the tools, mentorship, and financial understanding they need to find jobs that allow them to sustain their lives. We’re committed to bringing them into our firm or, if their interests lie elsewhere, helping them find other opportunities.

Another significant development is the way we approach coalition building with our competitors to drive industry-wide change. 

Our leadership with CEO Action for Diversity & Inclusion is an example of this. We’re bringing industries together, like retail or private equity, to discuss and solve common issues – with over 2,400 signatories to date. We’re collectively addressing DEI issues impacting the workplace, sharing successes and failures, and holding ourselves accountable. Now in its sixth year, this effort began with companies that had already made significant internal strides and were ready to extend their efforts beyond their own walls. By changing society, participants believe we can further advance our internal efforts.

We also have around a hundred companies ready to be part of policy change who are working together as part of CEO Action for Racial Equity. Their policy teams are  engaging in state-by-state dialogues about potential changes specifically affecting the Black community in education, healthcare, economic empowerment, and public safety. They’re spending time in the most challenging cities, working with governors and mayors, and discussing what businesses want.

Eight different topic areas are being explored by these companies. We’re not shying away from discussing politicized or controversial issues like cash bail — we’re looking at them collectively, asserting that business wants to be part of these discussions and should have a say in large bills being passed.

Behrman, NationSwell: What leadership practices have helped you operate effectively?

Schuyler, PwC: First off, I’m immensely curious by nature. A lot of what I know wasn’t taught to me in a conventional sense. I’ve gained most of my knowledge because people are now writing books and sharing information on these topics, which fascinates me. There’s always something new to learn in this ever-changing field, and I’m genuinely interested in uncovering what I don’t know and learning more about it.

Secondly, I’ve developed an incredibly thick skin over time — and that’s something I didn’t have at the start of my career. Whenever we share something with the public, I know the reaction will be split. Half the people will appreciate it, and half will criticize it. Sometimes, people even send me scathing feedback. But you know what, that’s okay. I always appreciate the input, and I can only say, “I did my best.”

The key is to not shy away from criticism. We, as a firm, have decided what we stand for and what we’re going to do. Not everyone is going to like it, but we’re open to having conversations because we want people to understand our stance. But it’s crucial that leaders remain firm in their position. It requires courage and unwavering commitment, especially since these matters are often emotionally charged. It might be tempting to hide away from the backlash, but that’s not an option if we want to make continued progress.

Behrman, NationSwell: What inspires your leadership?

Schuyler, PwC: Coalition building inspires me. I’ve always been a proponent of unity and collaboration, and it’s heartening to see people with shared interests come together, even if they don’t agree on everything. The power of these coalitions of seemingly unlikely allies is what I admire the most.

On a personal level, Adam Grant has been such a source of inspiration. The way he communicates ideas has been instrumental in shaping my understanding of the world, and helping me slow down for a bit.

With business leaders putting a stake in the ground, they become catalysts that reassure us we’re not  alone in what we were doing, in caring about what we care about.

At a moment of unprecedented attention, investment, and opportunity for the emerging field of ESG, leaders are asking: Who is best preparing their organization for the society of the future? Who is innovating today to meet decades-long environmental and social goals? Who is setting standards that catalyze their industry’s change for the better? Who is defining what bold and aspirational look like — and how best to advance that work in practice?

Enter NationSwell’s ESG Next, an exemplary group of investors, executives, authors, philanthropists, social sector leaders, academics, and field builders who are helping to shape business as a force for social and environmental progress, advancing — and even pioneering — the most forward-thinking and effective programs, initiatives, technologies, methodologies, practices, and approaches.

For this installment, NationSwell interviewed Ali Hartman, Head of Responsible Investment at Tiger Global, about the power of building unlikely bridges, the importance of the “G” in ESG, and the opportunity for clarity and leadership in responsible investment — especially amid the current backlash. 

Greg Behrman, CEO + Founder, NationSwell: How did your personal and professional journey to the field of ESG begin?

Ali Hartman, Head of Responsible Investment, Tiger Global: My journey to this field began long before anyone was using the acronym ESG. In many ways, it began before I even knew my ABCs. You see, I grew up in a social justice activist household, where both of my parents risked their safety and comfort in pursuit of nuclear disarmament. They were civil disruptors in the Plowshares movement and were arrested and imprisoned multiple times for their activism. So I spent my childhood in soup kitchens and at meeting houses, in courtrooms and on protest lines. With that reality came a sense of responsibility to serve the greater good and an obligation to speak truth to power. Changemaking was — and is — a part of my DNA. Literally, my mom was in prison while pregnant with me. 

As a teenager and young adult, I pursued internships and jobs in the public sector and with activist organizations. These were known entities to me based on my upbringing and places I understood that I could make an impact. It was in graduate school, when I took a class called Business Ethics, that I was first exposed to the power of the private sector. 

About a month into the class, a light bulb went off for me. I realized that companies had so much capital, flexibility, access, and influence. I realized that if I wanted to have an impact that could be sustained and scaled, I had to understand how this part of the equation worked. 

Since that class, my career has spanned roles in corporate sustainability, ESG strategy, and responsible investment across big business, private equity, and, most recently, venture capital. These jobs connect money and meaning and prove that public interest and private resources can have a greater impact when they’re working together. 

Behrman, NationSwell: How do you make sense of this moment in ESG?

Hartman, Tiger Global: I’ve been doing this work for about 15 years and have seen real evolution in this space. There’s been tremendous momentum and meaningful scale during a relatively short period of time. But with that growth, we’re also seeing some confusion and chaos. We need to get clear and be intentional when it comes to defining and pursuing ESG management. 

I’m an ESG purist. What I mean by that is when I talk about ESG integration, I’m referring to the measurement and management of material environmental, social, and governance factors in the operations of a business. 

Importantly, what I’m not talking about is impact investing, philanthropy, CEO activism, or corporate values. These are each, of course, critically important. But they’re just not part of ESG strategy. For me, ESG management is about viability, not morality. 

That’s not to say what is good for the sustainability of a company isn’t good for people or the planet — it usually is. When companies are measuring and managing their inputs (including natural resources and human resources) more intentionally, strategically, and efficiently, everyone wins. From where I sit, thoughtful, strategic ESG management has become the baseline of doing business in a world that is more complex and constrained than it has ever been. There’s so much opportunity to build better businesses that are ready to manage the volatility that is here and is only going to grow with time. 

Behrman, NationSwell: Tell us about the work you and your team are leading at Tiger Global, and why it’s noteworthy or potentially even showing early signs of advancing the field.

Hartman, Tiger Global: We are still in the early innings of our work at Tiger. We have a lot more to understand when it comes to purpose building responsible investment into our asset classes and investment strategies. That said, I’m proud of the progress we’ve been making and am excited about what’s to come for us — and hopefully for the venture industry more broadly. 

In the last year and a half, we’ve established a strong foundation for what will be an evolving responsible investment strategy. Our work to date includes firm-level policies, new ESG-related diligence practices, and a suite of monitoring tools to better understand our portfolio companies and fund-level trends. 

We still have a lot to learn about how to best integrate this work into a scaled venture model — one where companies are earlier in their maturity and limited in their resources, and where investors are often passive and minority shareholders. This is a totally different proposition than the work I did in private equity. 

Nonetheless, while the challenges are real, so are the opportunities. I believe that supporting companies early in their evolution and embedding efficiency and ethics into operations from the start can have a profound impact for companies’ growth and for the world in which they operate. 

Something else I am excited about is the chance to advance this work across the venture industry. While some impact-oriented firms or emerging managers have already started to integrate responsible investment strategies into their work, there is a massive opportunity to engage the larger, more traditional firms. Without a doubt, there is both value and necessity in us working collaboratively across the industry. 

As an example, we recently signed on as a founding member of the Venture Climate Alliance alongside more than 20 of our VC peers. Over the last few years, Tiger Global has been taking steps to measure and manage our firm-level footprint, achieving net-zero status as of 2021. As we look ahead, we are excited by the challenge of building tools and resources, setting expectations, and sharing opportunity with our portfolio companies with the goal of helping them better manage the risks and opportunities posed by climate constraints. We’re also excited to help advance the net-zero conversation across the industry.

Behrman, NationSwell: What is something that you’re spending time thinking about when it comes to ESG? 

Hartman, Tiger Global: When it comes to venture, I increasingly think that there’s an opportunity to reprioritize the acronym to be GES, instead of ESG. Putting governance last in the acronym can put it last on people’s minds. While, historically, some may have seen governance as a check-the-box part of this work, it is foundational. I think governance can and should go far beyond anti-bribery or anti-corruption. 

Governance is management and management is talent. And talent is prioritized and prized by the venture capital industry. I think that if we can modernize governance and give the “G” more attention and recognition, we’ll see better outcomes in all dimensions, including companies’ abilities to engage on environmental and social issues, weather volatility, and outperform over time.

Behrman, NationSwell: Who are some peer leaders who inspire you?

Hartman, Tiger Global: I’m inspired every day by folks across the changemaking continuum. Truly. When people say they are depressed about the state of the world, I tell them they should meet some of the people I get to meet. I’ve been having some really exciting conversations with Lyel Resner, co-lead of the Startups & Society Initiative. I think his experience as a tech entrepreneur brings important perspective to the table and I have loved talking to him about the interplay between responsible investment and responsible innovation. 

Shu Dar Yao at Lucid Capitalism also comes to mind. She is a force, highly creative, and has her finger on the pulse of what’s possible for the industry. We had such a great conversation when we were together recently at the Women’s Venture Capital Summit. 

I would be remiss to not mention the inimitable Cheryl Dorsey, CEO of Echoing Green. Cheryl has been many things to me over my years of knowing her — a co-conspirator, super connector, visionary leader, and dear friend. Her work and wisdom have never been more important to the urgent problems we’re collectively facing. I would put Cheryl and the amazing EG fellows in charge of everything if I had a magic wand!

Behrman, NationSwell: What are you reading, watching, or listening to right now that is inspiring your leadership?

Hartman, Tiger Global: A piece of writing that I often find myself returning to and sharing with colleagues in similar spaces is “At the Edge of the Inside” a consideration of the works of theologian Richard Rohr. It emphasizes the importance of effecting change within an organization or system. If you’re on the outside of a system, you can’t fully understand or appreciate it. Conversely, if you’re too close to the center, you may not be able to see its shortcomings. 

That really resonates with me. During the first decade of my career, I often felt out of place. Traditional business people sometimes considered me too alternative, while the activist or nonprofit community sometimes viewed me as disingenuous. Rohr’s piece helped me understand the importance of navigating those edges and building bridges. I highly recommend it to those working within conventional systems but pursuing unconventional goals. 

On a lighter note, it’s essential to find joy, rest, and respite in our busy lives, which I often find when listening — and laughing — to the podcast SmartLess, hosted by Will Arnett, Sean Hayes, and Jason Bateman. It offers a delightful blend of entertainment and relaxation, reminding us to make time for lighthearted fun.

On a related note, I highly recommend the newsletter What Could Go Right, which offers a refreshing perspective amid today’s often negative news cycles. It’s easy to feel anxious or overwhelmed by the state of the world, but it’s essential to recognize the progress we’ve made and the potential for positive change. To address challenges as great as the climate crisis, we can’t rely solely on fear, scarcity, or reactive responses. We have to inspire and excite people by showing them what’s possible and giving them hope. 

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To learn more about how our ESG Next honorees are shaping business as a force for social and environmental good, visit the series hub. Tiger Global is a NationSwell Institutional Member. To learn more about membership in NationSwell’s community of leading social impact and sustainability practitioners, visit our site.