News & Insights

  • Veracity Worldwide August 8, 2022

    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.

    By Jay Truesdale, Mitch Hayes, Bill McCahill

  • Concordia July 22, 2022

    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.

  • July 22, 2022

    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?"

    By Jay Truesdale, Ben Weiss

  • Politico July 20, 2022

    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."

  • Veracity Worldwide June 27, 2022

    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.

    By Steven Fox, Jay Truesdale, David Stevens Mitch Hayes

  • Financial Times June 27, 2022

    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."

  • May 12, 2022

    Mining Indaba: Russia-Ukraine war triggers policy shifts, supply chain disruptions

    In a mainstage speech at Mining Indaba 2022, Executive Chairman Steven Fox emphasized that the conflict in Ukraine highlights the need for business leaders to understand geopolitical dynamics as an essential commercial consideration. "The Russia-Ukraine war has already had tremendous consequences for countries far beyond the battlefield," Fox said. "This is also the first war of the ESG era, and for companies and investors, we are only beginning to grasp its implications."

  • Veracity Worldwide May 10, 2022

    Veracity Worldwide announces Jimmy D. Mugerwa as new regional advisor based in Kampala

    Former Shell and Tullow Oil executive Jimmy D. Mugerwa has joined Veracity Worldwide’s advisory board. In Uganda, Mugerwa was previously the managing director for Tullow Oil and helped in the exploration and development of the Lake Albert basin oil fields, along with the East African Crude Oil Pipeline (EACOP). Mugerwa will further establish Veracity Worldwide as a trusted advisor in the East African region, and the oil and gas sector as a whole.

  • Reuters May 9, 2022

    Global scramble for metals thrusts Africa into mining spotlight

    The energy transition has led to a renewed interest in mining in sub-Saharan Africa. In an interview with Reuters, Veracity Worldwide's Executive Chairman Steven Fox highlighted that resources, such as cobalt, lithium and nickel, are "typically located in difficult places". However, despite the political and social challenges of operating in these markets, Fox argues that "those those challenges are no more difficult than the corresponding set of challenges in Canada. It may be easier to actually bring a project to fruition in Africa, than in a place like Canada or the US"

  • Veracity Worldwide May 6, 2022

    Veracity Worldwide announces Jay Truesdale as new CEO

    Veracity Worldwide has appointed Jay Truesdale as chief executive officer. Truesdale joins Veracity from McKinsey & Company, where he led risk management and strategy. He previously served as chief of staff at the US Embassy in Pakistan and as special assistant to then-Deputy Secretaries of State Antony Blinken and William Burns, and has held diplomatic postings in Russia, Ukraine, Hungary, and at the US Mission to the Organization for Security and Cooperation in Europe. He is also a US Navy veteran with service in Europe and Africa.

  • Financial Times April 4, 2022

    Companies face ethical and logistical challenges to stay in Russia

    In an interview with the Financial Times, Executive Chairman Steven Fox warned that companies laying off local employees and closing operations in Russia may face criticism that they are failing their Russian employees and unfairly penalizing Russian citizens. Nevertheless, Fox said, "the public understands that there are consequences and the higher calling was to exit."

  • Financial Times March 15, 2022

    Stay or sell? Russia’s war shows the difficulties of nuance in responsible investing

    In an interview with the Financial Times, Veracity Worldwide Executive Chairman Steven Fox commented on the difficulties of nuance in responsible investing. While some investors have faced criticism for not checking their exposure to Russia following Putin’s military invasion of Ukraine, Steven noted that companies that acted quickly provided a "wake-up call for ESG portfolio managers."

  • March 13, 2022

    Russia’s efforts to salvage economy could have devastating impacts

    In an interview with The Hill, Veracity Executive Chairman Steven Fox commented on the impacts of Russia's economic reforms on its ties to the global economy, describing recent moves such as strict banking limits and export controls as a "nail in the coffin" for foreign investor appetite in the country.

  • March 10, 2022

    Uniqlo bows to public pressure to close stores in Russia

    Veracity Executive Chairman Steven Fox spoke with CBS MoneyWatch about Uniqlo's decision to step away from Russia after operational difficulties and public pressure, anticipating that the company would eventually pull out and noting that "it would not be right to stick to business as usual."

  • March 9, 2022

    Denial of denim: Levi’s Russia pullback sparks memories of Soviet era

    In a Financial Times article analyzing Levi's exit from Russia following the invasion of Ukraine, Veracity Executive Chairman Steven Fox commented that "it's the first European war in the ESG age," and that for a brand like Levi's, "it's going to be difficult to sit on the sidelines."