WhiteBox was created to tackle the challenges of monitoring the impact and risk of organizations, institutions, and projects, as well as of funds invested, donated, or budgeted. After talking to experts in diverse fields, our answer was a simple one: dialogue and listen to as many stakeholders in a given ecosystem as possible and foster partnership in the process. Combining a simple concept with web and mobile, we started an open dialogue platform to be an objective, 3rd party, impact and risk monitoring vehicle and a framework for co-governance.
WhiteBox is partnered with IBM, to explore how AI (machine learning, cognitive analytics, chatbots) can help with critical environmental and social governance problems.
“Some estimate that the impact investment market could grow to $3 trillion. And as the more socially conscious millennial generation of entrepreneurs build impact-driven businesses, you can be sure the supply of impact investment opportunities will vastly expand.”
Is Social Impact Investing The Next Venture Capital? 9/20/2014
Based on data from 261 companies, including 62 of the largest 100 companies in the Fortune 500, 2013 contributions totaled more than $25 billion in cash and in-kind giving. (Developed by CECP, in association with The Conference Board, Giving in Numbers: 2014 Edition)* Figures in USD.