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.
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.
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.
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."
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."
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."