Armstrong has provided CDD support to Guinness Asset Management as they invest in Neighbourly, the award-winning community investment and engagement platform for business, to accelerate growth and impact.
Launched in 2014, Neighbourly connects businesses with thousands of vetted local charities and good causes across the UK and Ireland through a technology platform that facilitates the donation of volunteer time, redistribution of surplus products and grant funding to make the maximum positive impact in local communities. Critically, the platform measures activities in real time and provides evidence of the social and environmental value delivered. Integral to addressing key elements of the rising ESG agenda, Neighbourly demonstrates how technology can be used to align corporate and societal goals, to the benefit of all stakeholders.
The investment in Neighbourly comes at a time when businesses are increasingly focused on sustainable social value as part of their overall strategy, which has been accelerated by the impact of Covid-19 and the climate crisis.
Armstrong provided focused commercial due diligence to support Guinness’s investment. This consisted of detailed interviews with Neighbourly’s key customers, confirming the unique and exceptional service the company provides, particularly during what has been a challenging last 12 months for UK businesses looking to engage with local communities.
Steve Butterworth from Neighbourly commented;
“Companies themselves are stakeholders in society, and cannot survive in one that fails, so business leaders are increasingly realising they have a purpose and responsibility beyond only delivering value to their shareholders. Our national network of local good causes provides the ready-made infrastructure to solve large scale issues and help companies thrive in the long-term through sustainable value creation.”
Matt McNally, Director, Armstrong said:
“Neighbourly is a great example of a purposeful and sustainable business that is well positioned for significant growth through combining market leading technology with excellent service to its clients while doing good . The Neighbourly team have been an invaluable help to companies, brands and charities during the pandemic, and the business is well placed to accelerate its growth given the increasing importance being placed by corporates on supporting their local communities.”
This is Armstrong’s second ESG deal supported in an many months, following Palatine’s investment in Anthesis, for which Armstrong also provided CDD.
For more information on this and other deals in this sector please contact:
+44 7894 736 523