Interview Impact Loop with Charlie Macdonald

October 16, 2025
Interview Impact Loop with Charlie Macdonald

“๐˜‰๐˜ถ๐˜ช๐˜ญ๐˜ฅ ๐˜ข ๐˜ท๐˜ข๐˜ญ๐˜ถ๐˜ฆ ๐˜ฑ๐˜ณ๐˜ฐ๐˜ฑ๐˜ฐ๐˜ด๐˜ช๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ธ๐˜ฐ๐˜ถ๐˜ญ๐˜ฅ ๐˜ด๐˜ถ๐˜ค๐˜ค๐˜ฆ๐˜ฆ๐˜ฅ ๐˜ฆ๐˜ท๐˜ฆ๐˜ฏ ๐˜ช๐˜ง ๐˜ฏ๐˜ฐ ๐˜ฐ๐˜ฏ๐˜ฆ ๐˜ค๐˜ข๐˜ณ๐˜ฆ๐˜ฅ ๐˜ข๐˜ฃ๐˜ฐ๐˜ถ๐˜ต ๐˜ค๐˜ญ๐˜ช๐˜ฎ๐˜ข๐˜ต๐˜ฆ ๐˜ค๐˜ฉ๐˜ข๐˜ฏ๐˜จ๐˜ฆ.” Our colleague Charlie Macdonald shared some candid insights with Impact Loop about the shifting reality of impact investing.

His message is clear: the days of relying on ‘green premiums’ are numbered. In today’s uncertain climate, startups need to win on fundamentals (cost, performance, convenience) with sustainability as the bonus, not the reason to buy.

“๐˜“๐˜ฆ๐˜ต’๐˜ด ๐˜ค๐˜ฆ๐˜ญ๐˜ฆ๐˜ฃ๐˜ณ๐˜ข๐˜ต๐˜ฆ ๐˜ค๐˜ฐ๐˜ฎ๐˜ฎ๐˜ฆ๐˜ณ๐˜ค๐˜ช๐˜ข๐˜ญ ๐˜ด๐˜ถ๐˜ค๐˜ค๐˜ฆ๐˜ด๐˜ด ๐˜ข๐˜ด ๐˜ฎ๐˜ถ๐˜ค๐˜ฉ ๐˜ข๐˜ด ๐˜ธ๐˜ฆ ๐˜ฅ๐˜ฐ ๐˜ช๐˜ฎ๐˜ฑ๐˜ข๐˜ค๐˜ต ๐˜ฎ๐˜ฆ๐˜ต๐˜ณ๐˜ช๐˜ค๐˜ด. ๐˜Œ๐˜ท๐˜ฆ๐˜ณ๐˜บ ๐˜ฑ๐˜ณ๐˜ฐ๐˜ง๐˜ช๐˜ต๐˜ข๐˜ฃ๐˜ญ๐˜ฆ, ๐˜ด๐˜ค๐˜ข๐˜ญ๐˜ช๐˜ฏ๐˜จ ๐˜ช๐˜ฎ๐˜ฑ๐˜ข๐˜ค๐˜ต ๐˜ค๐˜ฐ๐˜ฎ๐˜ฑ๐˜ข๐˜ฏ๐˜บ ๐˜ฎ๐˜ข๐˜ฌ๐˜ฆ๐˜ด ๐˜ช๐˜ต ๐˜ฆ๐˜ข๐˜ด๐˜ช๐˜ฆ๐˜ณ ๐˜ง๐˜ฐ๐˜ณ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฏ๐˜ฆ๐˜น๐˜ต ๐˜ง๐˜ฐ๐˜ถ๐˜ฏ๐˜ฅ๐˜ฆ๐˜ณ ๐˜ต๐˜ฐ ๐˜ณ๐˜ข๐˜ช๐˜ด๐˜ฆ ๐˜ค๐˜ข๐˜ฑ๐˜ช๐˜ต๐˜ข๐˜ญ.”

It’s a pragmatic view for turbulent times. The only way impact can thrive is if the economics make sense in up markets and down!

Read the full conversation with Charlie and other leading European impact VCs (Alex Bakir, Lena Thiede and Beata Enwall) in the Impact Loop article.

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