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Hosted by Chief Purpose Activist, Carolyn Butler-Madden, The For Love & Money Podcast is a show where business and social purpose meet to inspire a movement for positive change – business as a force for good; brands driving profit through purpose. The two essential ingredients we explore through our podcast interviews? Firstly, Love. Love of our home planet; of humanity; people; culture. Love of what you do and why you do it. The love that employees, customers and clients have of a business built on love. Secondly, Money. Yes, profit. We explore how purpose drives profit. Also how being profitable allows purposeful businesses to scale their impact. The objective of the show is all about inspiration. We want to help our listeners to answer the question so many of them have in their minds: How do I build a purpose-led business in a way that is meaningful, profitable and inspires me and everyone in the organisation to use our business as a force for good?
Episodes
Monday Apr 03, 2023
Monday Apr 03, 2023
Imagine if impacting people's lives was deemed more valuable than money.
That's what my guest on this episode is working towards.
Kimberley Abbott, CEO and founder of Vested, a company with a mission to 'redefine millionaire to be a person who impacts millions of lives' through leveraging data-driven impact assessment to help people invest their money where it makes the best impact on society.
Vested helps people invest their money where it matters. To create impact where it is most needed.
Kim is an Aussie who has relocated to London. I first learned about her when I was listening to Mick Spiers Leadership Project Podcast and I was so inspired by her story and was determined to get her on this podcast to share some of that story.
Kim shares a bit of her journey from studying Engineering to starting a social enterprise in India to working for the UN, assessing and monitoring peacekeeping missions; to then starting the company.
We get into some of the ‘how’ Vested operates and how it differs from businesses reporting on company’s ESG (Environmental Social Governance) activity. But the key theme in this interview is the purpose behind the business and how that has driven her to think ambitiously and create something out of nothing.
I feel so inspired after our interview, I have no doubt it will inspire you and I hope, galvanise you to do something differently.
Some of the highlights:
- Kim’s journey from university to starting Vested and the influences that led her to where she is today
- She shares how her family’s philosophy towards failure was influential in her journey
- Vested’s mission and how it has driven their approach
- How Vested approaches and defines how impactful a business is being and how this differs from the traditional ESG (Environmental Social Governance) reporting approach
- How Kim built the product herself in the first 2 years and while it was not perfect and how now been developed by someone with more skills, it was effective in getting started
- Kim shares the four questions they ask at Vested to determine the value of impact of a business
- Kim's invitation to speak to world leaders at the Paris Peace Forum in 2022 – a recognition of the value of her efforts
- The collaborative mindset of impact led organisations
Connect with Kimberley
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