Both by Ring #12 - Without social justice, there can be no ecological transition
Featured with Maud Sarda, director and co-founder @Label Emmaus
Dear community,
These last weeks have been quite critical on the social side. It seems difficult to overlook this topic when facing the demonstrations in France and when reading the IPCC last report. “Without social justice, there can be no ecological transition”. Isn’t it the best resume of the situation? Not an easy equation though.
In order to try and solve it, we will need to invent new models and find the right way to finance them. This is a hot topic for Maud Sarda, from Label Emmaüs, who puts all her energy to develop the model of cooperative, somewhere between philanthropy and business and trying to take the best of both worlds. Let’s hear more about it.
This is what BOTH is about: showing how people, companies, and institutions can act and impact and how investors can play their part in this transition.
The interview
‘It is possible to invent an investment in the capital of cooperatives’
Maud Sarda, director and co-founder @Label Emmaus
Can the cooperative model of Label Emmaus be scalable?
We're a marketplace, we're in Tech, we have developers and one ⅓ of our workforce is on an integration path. These are people who are on RSA, unemployed for a long time, etc. and who are almost systematically sent to the construction industry, and green spaces but not to digital! This is unfortunate because these are the jobs of today and tomorrow. Circularity and the search for social and ecological impact can be combined with business. At our level, we have 60,000 customers, a reputation of 9.2/10. For me, economic performance means having customers, satisfied customers and controling our path to profitability. We're not there yet. At the moment, we are raising funds from institutional investors (France Active, Banque des Territoires, Inco) and we hope to be profitable within 3 years. The big difference is that every penny earned goes back into the work tool and into extremely limited salary scales that also allow us to hold on, as long as we are not profitable, without having to raise mountains.
In the headlines
‘How concretely transition to impact?’
Beyond Impact is a podcast created by Daphné Dupont-Gurs and Thomas Marsal designed to understand what are the opportunities and the career paths that lead to impact jobs.
In this 7th episode of the podcast, meet with Houda and Nicolas and discover how companies can concretely engage in an impact path that transform their organization and the way they see their business.
Top reads and resources: when tech meets climate
🤖 Climate Q&A, the climate version of Chat GPT
To make climate science more accessible, we introduce ClimateQ&A as a tool to distill expert-level knowledge into easily digestible insights about climate science. Use the tool.
💻 Are the top ESG tech leaders actually impact laggards?
Revealing the global impact of Apple, Google and Microsoft March 2023. Read more.
🚧 The rise of the infrastructure startup
In the race to build green infrastructure, VCs are having to get comfortable backing a whole new kind of company. Read more.
Make Impact First in your next job
Head of Foundation and Ecosystem @Ring Capital, the impact investment ecosystem
Financial Controler @Castalie, the solution to fight against single-use plastic bottles
Chief Financial Officer @O’Clock, the leading edtech company for coding.
See you next month ✌🏼