News & Insights
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The Center for Strategic and International Studies (CSIS) announces Jay Truesdale as member of Ukraine Reconstruction Commission
CSIS revealed the members of its new Ukraine Economic Reconstruction Commission, including Veracity CEO Jay Truesdale. The commission aims to support private sector investment in Ukraine by constructing a policy framework to address issues central to the reconstruction and modernization of its economy. Jay Truesdale joins an impressive selection of senior leaders from the private and public sector, bringing with him his extensive commercial experience as well as his region-specific expertise.
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Putin Isn’t Backing Down. Ukraine Escalation Means More Pain for the Economy
Veracity’s CEO Jay Truesdale spoke with Barron's about Vladimir Putin’s declaration on Wednesday that he would send even more troops to Ukraine. Jay noted that Putin has calculated that a "cold, dark winter [without Russian gas] will be enough to focus minds" and splinter Europe’s opposition. Moreover, as the Russian president continues to downplay the invasion as a "special military operation," Jay suggested that Putin could further mobilize Russian society by "calling it what it is, which is an act of war."
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Leading Global Companies Through Geopolitical Shifts
Veracity Worldwide CEO Jay Truesdale held a discussion at the Concordia Summit 2022 with Olivia White, senior partner at McKinsey & Company and director of the McKinsey Global Institute, and John W.H. Denton AO, secretary general of the International Chamber of Commerce and a member of Veracity’s advisory board.
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US seeks to bring Mexico on board with plans for chips, clean energy
Veracity CEO Jay Truesdale spoke with the Wall Street Journal in September 2022 about stunted efforts to integrate Mexican and US supply chains in the transition to renewable energy. Truesdale noted that while opportunities abound, President López Obrador’s views on private energy companies have thus far limited their potential and viability.
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Steven Fox joins CNAS Board of Advisors
Veracity Executive Chairman Steven Fox has joined the board of advisors for the Center for a New American Security, a Washington, D.C.-based think tank specializing in national security issues. Fox joins Drew McKnight, managing partner of Fortress Investment Group, and Mahesh Veerina, CEO of ParkourSC, Inc., as the board's latest members.
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Common sense prevails as Chileans reject a new constitution
Following Chile’s rejection of a new constitution in September 2022, Veracity CEO Jay Truesdale spoke with The Economist about the blow the vote delivered to President Boric and his prospects in the short to medium term. Providing the article’s concluding sentiment, Truesdale noted that in addition to Boric’s rising disapproval rating among the Chilean people, the Chilean economy will stall as foreign investors take a "wait and see" approach until the country can resolve its constitutional crisis – an essential part of restoring Chile’s reputation as a stable and appealing investment environment.
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Chile’s Constitutional Crisis Won’t End Regardless of the Outcome
In advance of the vote tomorrow in Chile -- to either approve or reject a controversial draft constitution that would significantly impact businesses operating in the country -- we would like to share Veracity’s assessment of the possible outcomes. Whatever voters decide, our analysis suggests Chile's constitutional crisis could be protracted.
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Emissions versus development debate threatens EACOP
In this September 2022 feature in Energy Voice, Veracity CEO Jay Truesdale provides insight on the East Africa Crude Oil Pipeline (EACOP), offering measured and circumspect analysis of a project that has pitted activists against corporations and raised essential questions about how to navigate complex and seemingly incompatible commercial, stakeholder, and environmental concerns.
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How Odinga’s rejection of election results is affecting Kenya’s economy
Following Kenya’s contested presidential election in August, when Raila Odinga announced that he would be challenging William Ruto’s victory, foreign investors recoiled. Veracity CEO Jay Truesdale noted in an interview with Quartz that investors would be closely monitoring the country’s security situation and seeking to understand the potential impact of a "bottom-up" economic model.
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US-China Tensions: Four Steps Business Leaders Can Take to Navigate Geopolitical Upheaval
In this piece we offer four steps for navigating business and investments during times of geopolitical uncertainty. China's military exercises in the airspace and waters surrounding Taiwan represent the most current and high-profile instance of such uncertainty, but the steps we lay out here are universally applicable and increasingly essential to doing safe, ethical, and profitable business in global markets.
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Concordia Americas 2022: Jay Truesdale leads roundtable discussion on geopolitical considerations in doing business in Latin America
During a roundtable at the 2022 Concordia Americas Summit in Miami, Veracity Worldwide CEO Jay Truesdale led a discussion on Latin America’s leaders increasingly navigating geopolitical considerations in their decision making, with implications for businesses operating in the region.
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Concordia Americas 2022: Ben Weiss gives address on ESG principles
In an adaptation of a discussion at the Concordia Americas 2022 Summit in Miami, CEO Jay Truesdale and Managing Director Benjamin Weiss answer critical questions - "What is ESG? Why does it matter for companies and citizens? And how can the private sector better address its imperatives?"
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Biden administration targets Mexican energy policies that hurt US investors
In an interview with PoliticoPro about policies in the energy sector enacted by Mexico, Veracity Worldwide CEO Jay Truesdale highlighted that North American and Asian investors were negatively impacted, noting that the legislation favors Mexico’s "state-owned power generation plants over private sector renewable energy investments, including many that are foreign owned."
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Doing Business in Africa, Where Right Meets Might
The Russia-Ukraine war - the first real war of the ESG era - reveals new challenges for doing business in Africa. In Veracity's latest op-ed, Executive Chairman Steven Fox, CEO Jay Truesdale, as well as David Stevens and Mitch Hayes, explore the lessons the war has to teach about charting ethical and profitable paths forward in the region amid unprecedented scrutiny and heightened competition.
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A Groundbreaking Argument in Climate Litigation
In an interview with the Financial Times, Benjamin Weiss, Veracity Worldwide’s ESG practice lead, questioned using available indexes to assess a company’s wider environmental and social impact. Inconsistent metrics and measurements between different indexes lead to dubious conclusions, Weiss said, and noted that top investors want "thoroughly researched, industry-tailored, jurisdiction-specific-insights" to inform strategic investments in developing nations "with their eyes wide open."