Nearly 4000 entrepreneurs – from across 11 countries – have talked about their priorities in a new report by HSBC Private Banking.
The bank’s third Essence of Enterprise report reveals the for the under 35s the number one priority is social impact, with 24% saying environmental responsibility and connecting with the community is what inspires them; just 11% of the over 55s age group agree.
“It’s clear younger entrepreneurs want to do good, and we would be wrong to dismiss this as youthful idealism that will act as a brake on financial success. They know that their business cannot have the impact they want without sustainable growth, and they are focussed on achieving both. They see a similar virtuous circle when it comes to angel investing; they are happy to invest in the wider business community, to contribute to each other’s successes and to learn from one another,” said Stuart Parkinson, HSBC Private Banking Global Chief Investment Officer.
Social impact is important to Innovators Magazine. We celebrate it through the Global Game Changers awards, support it with our impact comms programme and will showcase it in publishing – with the production of The Beauty of Impact (Food) book – on rock paper – with the Bayer Cares Foundation.