Jim McCormick, CEO of the Robertson Trust: Venturing into Impact Investing

Do One Better with Alberto Lidji in Philanthropy, Sustainability and Social Entrepreneurship

Jim McCormick, CEO of the Robertson Trust, discusses the organization's move into impact investing while maintaining its core mission of combating poverty and trauma in Scotland.

Founded in 1961 from the philanthropic efforts of the Robertson sisters, the Trust has a rich history of community support, primarily funded through dividends from the family's globally renowned whisky business, Edrington, which includes brands such as The Macallan and Highland Park.

McCormick delves into the Trust's multifaceted approach, likening it to a layer cake, with foundational grant-making supporting a range of causes, from micro-grants to significant investments, and a scholarship program aimed at breaking down barriers to higher education. He highlights the Trust's evolving objectives, emphasizing capacity building and policy to create sustainable change.

The episode focuses on the Trust's move into impact investing, aiming to leverage capital to address the roots of poverty and trauma. The Trust seeks to explore blended finance opportunities, going beyond traditional grants to foster innovative solutions in partnership with experienced investors.

McCormick outlines the Trust's key thematic areas: financial security, education pathways, fair work, and emotional well-being, and shares his vision for creating investable propositions that tackle these complex issues. He also discusses the challenges and opportunities of the Scottish market and the importance of being an informed and proactive investor.

As the Trust embarks on this new journey, McCormick invites listeners to share insights and join in their mission to create lasting change.

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