
Karmic Capitalist - businesses with purpose
Business done right - Purpose, Values AND Profit.
In the Karmic Capitalist conversations, we talk to CEOs and founders of organisations with purpose and values at their heart. We dive into their journeys, and into the nitty gritty of what it takes to build organisations that make good and make money. Some are starting the journey, others are a long way down it, and still others still are changing direction.
But all are business leaders who believe that a successful businesses is defined by profit, purpose and values. And, oftentimes, fun.
Karmic Capitalist - businesses with purpose
"We're helping people on a fundamental level to be more sustainable" Hussein Allawi, Founder the Sustainability Show
From the high-stakes financial environment of the now defunct Lehman Brothers ("buy-and-sell in its most aggressive manner") to putting on an exhibition of some of the most ethical and long-term thinking brands.
That’s the varied journey which my guest, Hussein Allawi, has been on. He took plenty of lessons from those early days, days which he found very lacking in purpose, but which have informed how he's now actively pushing a sustainability agenda.
Hussein is the co-founder and CEO of Frontier Events, the company behind the Sustainability Show where lifestyle, food, travel and finance brands with a perspective on sustainability come together to promote an alternative and more ethical way of living. And one that is accessible to people at all income levels.
It's not how the company started. Like many in their early stages, the company's gone through a couple of pivots before finding its sweet spot as an events-driven hub for the many stakeholders involved in building a more sustainable future.
This is a really broad conversation. We talk about those pivots...
about the Middle East's not straightforward ESG story...
about the ethical roots of Islamic finance and investing...
about the regional drives for sustainability in the North of England...
about how and if consumption can ever be sustainable...
about running an events business during lockdown...
.... and obviously about the show itself which is Frontier's main offering today, with a roster of speakers including previous Karmic Capitalist guest Jarvis Smith.
Hussein is a very eloquent and grounded advocate for sustainability. This was a really enjoyable conversation.
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I host a weekly online workshop with CEOs of SMEs (10 to 100 employees approx) about scaling up, allowing them to step back and do more strategic work, and doing it in line with their values. Max 6 per session so we can have a real conversation.
If you'd like to join me, find a date that works for you here. They aren't charged for - you and I will both get value from the conversation.
Only CEOs / MDs apply - strictly peer-level conversation.
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Iyas: Welcome to the Karmic Capitalist podcast.
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Iyas: Stories of companies that are doing capitalism better from the cutthroat, buy low, sell high environment of the now dysfunctional brothers.
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Iyas: Putting on a show of some of the most ethical and long term thinking brands.
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Iyas: That's the journey which my guest Hussein Alawi has been on.
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Iyas: He is the co founder and CEO of Frontier Events, the company behind the sustainability show, where lifestyle, food, travel and finance brands with a perspective on sustainability come together to promote on an alternative and more ethical way of living.
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Iyas: We talk about the shows as well as the business pivots of Frontier as it builds a sweet spot as an events driven hub of the many stakeholders in building a more sustainable future.
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Iyas: Enjoy the conversation.
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Iyas: Hello and welcome to this episode of the Karmic Capitalist Podcast.
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Iyas: It's my pleasure today to have Hussein Alawi with me, who is the founder and CEO of Frontier Events.
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Iyas: Welcome, Hussein.
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Hussein Allawi: Good morning.
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Hussein Allawi: Yes, how are you?
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Iyas: Very well, thank you.
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Iyas: Lovely to see you.
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Iyas: Hussein, before we kick off, just by way of setting the scene in context, what is Frontier Events?
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Iyas: What does it do?
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Hussein Allawi: So Frontier Events is obviously, as the name suggests, an events company focused on exhibitions, conferences and other kind of meetings formats, but purely dedicated to sustainability, ESG and impact.
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Iyas: And is that why the choice of name Frontier?
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Hussein Allawi: Yes and no.
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Hussein Allawi: I mean, the word Frontier derived from the business's history working in Frontier and emerging markets.
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Hussein Allawi: That's how the company initially began life, but we stuck with the name simply because we wanted to kind of convey a sense of doing events and exhibitions that were at the kind of forefront of new trends and innovations.
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Hussein Allawi: So it kind of remained suitable in that context as well.
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Iyas: Yeah, no, I do like the word Frontier a lot, actually.
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Iyas: There's a lot of very positive connotations with it.
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Iyas: You mentioned sustainability and we're going to come on to the sustainability show a little bit later on in the discussion.
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Iyas: But one of the things that screams loud and center when you look at the website and the LinkedIn profile of the company is the talk about the alignment with the SDGs, with the Sustainable Development Goals.
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Iyas: How does that actually work in practice for the company?
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Iyas: What does that look like?
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Iyas: How does that turn up in Frontier?
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Hussein Allawi: So the business firstly seeks to put on events that generate a positive impact.
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Hussein Allawi: So what does that mean?
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Hussein Allawi: I mean, the exhibitions industry in the UK.
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Hussein Allawi: I mean, estimates range, but it's worth several billion to the economy and it's almost a kind of unnoted situation whereby actually this sector generates a tremendous amount of commercial opportunities for the industries it serves.
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Hussein Allawi: But also it helps bring people together and it really kind of advances new investments, innovations, technologies and so on.
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Hussein Allawi: So the sector, by its very nature actually has a very impactful existence and a very purposeful existence.
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Hussein Allawi: And what we're seeking to do is to kind of harness the power of exhibitions and overlay that with a kind of sustainable framework.
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Hussein Allawi: So in the events that we're choosing to put on, we want to accelerate certain themes.
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Hussein Allawi: So for example, the transition to sustainable food, or supporting emerging markets to divest from fossil fuels and generate alternative forms of energy generation, or supporting citizens of the UK, citizens of Western Europe and the United States and so on to be more sustainable in their everyday life.
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Hussein Allawi: And lastly, to kind of help investors and responsible, ESG, impact driven investors to meet sustainable companies and sustainable enterprises.
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Hussein Allawi: So the business is using, in summary, the power of those events and overlaying that with a sustainability, ESG and impact framework to help drive real kind of business and sustainability outcomes at the same time.
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Iyas: And I think that's interesting and I'll love to dive into that a little bit later on in terms of the power of bringing together those various stakeholders.
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Iyas: I think that's an interesting perspective on what the business is trying to do.
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Iyas: But before going there, I'm always intrigued in the backstory of how people get to be doing what they're doing.
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Iyas: What was it for you, Hussein?
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Iyas: How did you come to be doing this?
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Hussein Allawi: Like many people who start businesses, I suspect it wasn't a planned situation.
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Hussein Allawi: There wasn't a kind of decision to become an entrepreneur or to start a business or anything like that.
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Hussein Allawi: It just kind of arose naturally.
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Hussein Allawi: So the start of my career I worked right at the other end of the spectrum.
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Hussein Allawi: So I worked in finance, I worked for Lehman Brothers in the income sales team.
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Hussein Allawi: So I was right at the forefront of corporate debt for the financial crisis.
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Hussein Allawi: And I left the bank two years, two months, sorry, before it went under.
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Hussein Allawi: But by then I had already kind of realized that actually I didn't want to work in that sector, which was very much the history of lots of people who left the bank at that time anyway.
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Hussein Allawi: So I did something altogether different.
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Hussein Allawi: I went and worked in risk management, so physical risk management.
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Hussein Allawi: And I worked I've always been from a Middle Eastern background, I was always interested in working in kind of the emerging frontier market.
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Hussein Allawi: So I was kind of given a career where I could go and advise investors, multinational companies, on working in Africa and the Middle East.
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Hussein Allawi: So that was the kind of second stage of my career.
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Hussein Allawi: And through that I started going to conferences, oil and gas conferences, renewable energy, mining and so on, to try and drum up interest in what the business was doing.
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Hussein Allawi: And I saw an opportunity to actually start putting on conferences with a kind of investment framework to them.
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Hussein Allawi: So the business model at the time, this was in 2012, was to work with governments and ministries in the emerging and frontier markets and to use conferences as a mechanism to raise awareness of their investment opportunities.
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Hussein Allawi: So we started doing that with a number of different countries nigeria, Afghanistan, Iraq, Egypt, and so on, basically supporting them to come to financial centers, come to investment centers and promote those investment opportunities.
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Hussein Allawi: So through that we kind of got a real focus into the sustainable Development goals and what that means and we had projects with the likes of the World Bank and that's where the kind of interest in ESG and impact arose and then that's where the transition came to.
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Hussein Allawi: Well actually what's happening on a kind of ESG sustainability impact focus in western markets and that's where the idea kind of organically naturally arose to start focusing on those sectors so we then started doing conferences on impact investing through a brand we have called the Good Capital Conference.
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Hussein Allawi: We ran an event on ESG called ESG for investment, which was all about helping companies to market their sustainability credentials.
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Hussein Allawi: And then finally we came to the idea of, well, actually, people generally are interested in living a sustainable life.
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Hussein Allawi: So what can we do to help those people again through the format of an event to kind of be more sustainable?
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Hussein Allawi: And that was in 2018.
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Hussein Allawi: So that's when we kind of put pen to paper and wrote the business plan for the sustainability show and then everything went belly up.
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Hussein Allawi: As you know, during COVID the sector was hammered.
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Hussein Allawi: One of the hardest hits, I would say.
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Hussein Allawi: So that became a kind of online situation but at that point we just said, well, actually this is a good time to kind of revise and refine and at least we're out of the woods now, touch woods and we're developing those events.
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Hussein Allawi: So that's a kind of summary of where we've got to, basically.
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Iyas: And so it wasn't one of those from the age of twelve you were going to be an entrepreneur and run your own business and looking for the opportunity to arrive.
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Iyas: It literally was just an evolution of effectively where you were and what you were doing.
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Hussein Allawi: Yeah, I think so.
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Hussein Allawi: I mean, I think I've yet to kind of discover someone who's kind of had that sort of light bulb moment effectively.
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Hussein Allawi: And I think the narrative in business is always that people who start companies are like that, or they're kind of Mark Zuckerberg types that have this shining light and deep pockets, and it's really straightforward for them.
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Hussein Allawi: But that's not been my history and certainly not the ones of people I other people I know that have started.
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Iyas: Companies as well, and that drift, if I may use the word, into sort of the ESG and sustainability sector.
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Iyas: Was that something that was on your mind when you left the Lehman's Brothers?
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Iyas: You said you left the sector because you felt a little bit unhappy working in there.
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Iyas: What kind of things were going through your mind in terms of why you were unhappy with that sector?
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Iyas: And choosing to do something different.
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Hussein Allawi: Well, I think Lehman kind of obviously epitomized the very nature of corporate cutthroat capitalism, I think in many ways.
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Hussein Allawi: I mean, it is buy and sell in its most aggressive but business like manner.
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Hussein Allawi: And I don't think other kind of investment banks, there's been a lot of change in the sector, but I think they really kind of epitomized the sort of cold hard fate of that.
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Hussein Allawi: On the other hand, it was an amazing place to learn and I put all my kind of the professional skills I've learned even basic things like managing a spreadsheet or writing a good email, things like this, down to my experience there.
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Hussein Allawi: But I just think that when I was working there, I was at the start of my career, it wasn't fulfilling to kind of feel that this was really what you should be doing with your life.
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Hussein Allawi: And obviously everybody that was there was purely motivated through monetary gain, but it was very lacking in terms of what the purpose of that was.
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Hussein Allawi: And I know purpose is quite a kind of heavily used words, but it really did just kind of epitomize why so many people felt lost, I think, by the end of their time there.
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Iyas: I'm intrigued to watch how much the sector's headline move into ESG is actually deep rooted in some way rather than just playing to a current theme, but intrigued you also you mentioned you go to the frontier markets such as in Africa and the Middle East.
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Iyas: And it's interesting because you look at the Middle East, for instance, and as a fellow Middle Easterner myself, it's not a region that's renowned for its genuine embracing of sustainability culture, especially when you go to the Gulf and all of the cynicism that there is around at the moment.
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Iyas: For instance, in terms of cop going to the United Arab Emirates, what's your experience been of the Middle East approach to and depth of genuine feeling in terms of looking at sustainability?
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Hussein Allawi: Well, I think the Middle East fits within other emerging markets in the sense that they feel it's their right to kind of industrialize and develop and they're not comfortable with the idea that that should be restricted simply because they haven't reached there yet.
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Hussein Allawi: And I think it's fair enough for them to think that.
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Hussein Allawi: I mean, we know that a huge chunk of a big part of the reason we're in this situation with the environment and climate change is down to the actions of western nations over many years.
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Hussein Allawi: So I think that resonates with them and they think, well, why are we being deprived of that right effectively?
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Hussein Allawi: But on the other hand, they are certainly willing to embrace new technologies, environmental technologies.
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Hussein Allawi: They need the finance, they need the investment to be able to do that.
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Hussein Allawi: As long as there's a kind of national commercial reason for them to doing so, why wouldn't they?
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Hussein Allawi: But the reality is countries in the Gulf, for example, the big oil producing nations were all producing nations because there was major demand for their commodity from other parts of the world and so they've developed on the back of that.
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Hussein Allawi: And other countries within the region have seen the success of the Gulf, for example, and want to emulate that in some ways.
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Hussein Allawi: So I think sustainability from that perspective is always going to be less of a consideration than it is for people that live in Western Europe, for example, or North America.
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Iyas: Yeah, and it's interesting actually, when you look at the early days of oil exploration, that in fact the vast majority of the riches of it were very much went to the west.
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Iyas: The companies that went and set up to do the extraction and the way that the profit was distributed was very much loaded against the countries where the oil was.
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Iyas: So it is kind of ironic that we're now sitting in a place where everyone is demanding that they change, although clearly from a global perspective, we do need that change.
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Iyas: But I think there isn't that lack of understanding that actually we kind of got there over there even that happened primarily because of a quite strong Western demand and exploitation of the resources over there. Absolutely.
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Hussein Allawi: Where I would say also where it becomes interesting is where these kind of themes border with very long established themes, for example, around Islamic finance and the kind of whole idea of what a business should do and what it means.
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Hussein Allawi: And I think in these sorts of countries you do have a legacy of investing with an ethical aspect of it, investing with a conscious aspect to it.
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Hussein Allawi: So in that sense, from a kind of sustainability, business purpose angle, the Middle East has really quite led the charge in that way for many, many years.
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Hussein Allawi: And actually many of the kind of thoughts of ethical investing and how where ESG came from, especially for example, through the church, and how the church's role, for example, in England as an investor became come from the same place as it does in the Middle East.
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Hussein Allawi: So there is a parallel in that sense too, though, I would say.
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Iyas: Yeah. And what role do you see Frontier, the company, your company, playing within the Middle East in terms of facilitating
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Iyas: that? How has that
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Iyas: looked?
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Hussein Allawi: So we did follow a business model of working with countries and governments there for many years, but I think that the reality is putting on a show that is backed by a ministry is problematic as well, because you have to nurture relationships with ministries and political officials and these people change.
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Hussein Allawi: And what we wanted to do is to really kind of develop something with continuity that could generate impact consecutively over many years.
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Hussein Allawi: So for that reason we always thought, well, actually, what can we do in a kind of UK context, in a Western European context that can do that, but maybe later on, at some point, we would explore some ideas of doing some events there.
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Hussein Allawi: Again, at some point.
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Iyas: And that actually quite nicely brings me around to where your current focus is, because clearly you've got the sustainability show coming up in Manchester and then following on from that in London, so very much back into the UK market.
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Iyas: How has that shift come about in terms of the focus and what does that look like in terms of moving the business to be more UK centric?
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Hussein Allawi: The idea for the sustainability show came from just seeing that there are so many more people that aspire to live to be more sustainable, basically.
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Hussein Allawi: I mean, you'd be hard pressed to find anybody to say, I'm not concerned about climate change or I'm not concerned about rising sea levels or emissions or whatever it is, but does it keep people up at night?
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Hussein Allawi: Some people, a section of society maybe, but probably not.
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Hussein Allawi: Other people have other things at the front and center of their mind cost of living, being able to provide for their families and so on.
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Hussein Allawi: Understandably so.
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Hussein Allawi: But the reality is this is a major issue and it's not going to go anywhere unless we actively deal with it.
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Hussein Allawi: And I think that people are naturally frustrated when they see what's been happening in Cot, what's been happening with governments, and they want to do something about it.
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Hussein Allawi: So you have various iterations of how that's represented.
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Hussein Allawi: On one side of the spectrum, you've got extinction, rebellion and naturally important movements like Just Stop oil that actually try to achieve change through kind of radical activism.
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Hussein Allawi: And we need that because we need people to take a good look at what's going on.
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Hussein Allawi: And that's really important.
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Hussein Allawi: At the other end of the spectrum, you've got the climate deniers and the Trump types and so on, but in the middle there's a big section of society that would actually want to live more sustainably.
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Hussein Allawi: But maybe they don't know how, or they think it's too expensive, or they don't think it's right for them, or just a whole range of reasons why they might think, this isn't for me.
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Hussein Allawi: But fundamentally, at the same time, they do want to actually be able to do something about that.
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Hussein Allawi: So that's really what the show is aspiring to achieve, which is to kind of help people on a very basic and fundamental level to be more sustainable.
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Hussein Allawi: And that's represented through the exhibition, through the brands that are exhibiting there, the products that are there, but also kind of the content that's on offer and the different kind of features that are available at the show.
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Hussein Allawi: And of course, we've seen alongside that just the huge explosion in the number of sustainable brands, the kind of movement for B Corpse and 1% for the Planet members and so on.
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Hussein Allawi: So the show is aspiring to bring this whole community together, basically, and Manchester is the kind of northern version of that.
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Hussein Allawi: I mean, there's some amazing initiatives that are happening at the moment in Greater Manchester, arguably in many ways much more ambitious than what's happening in London.
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Hussein Allawi: And the mayor there, Andy Burnham's, done a lot and is continuing to kind of invest in trying to make the city more sustainable.
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Hussein Allawi: But also you've got initiatives in Liverpool and in Leeds, so there's a real focus in the Northwest on trying to make, you know, a truly kind of sustainable green economy.
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Iyas: So so let me go to the show itself.
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Iyas: So who who is it targeted at?
00:18:19,1099 --> 00:18:21,1101
Iyas: Is it a consumer show?
00:18:21,1101 --> 00:18:22,1102
Iyas: Is it a trade show?
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Iyas: What exactly is the show?
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Hussein Allawi: I mean, the word consumer, it's a B to C consumer show.
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Hussein Allawi: And so it's helping people, first and foremost, citizens of the UK to be more sustainable.
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Hussein Allawi: And we use the word citizens as much as possible because as you said, the elephant in the room is about consumption.
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Hussein Allawi: We can't consume our way out of the environmental crisis.
00:18:47,1127 --> 00:18:54,1134
Hussein Allawi: What we can do is shift how we consume and who we buy from and the degree to which we buy.
00:18:54,1134 --> 00:19:11,1151
Hussein Allawi: And champion other things like recycling, obviously, but repurposing things upcycling your clothes, your furniture, your toys for your kids or whatever it is, and just small fixes like if you're a homeowner, make your home less leaky.
00:19:11,1151 --> 00:19:18,1158
Hussein Allawi: That has a huge impact on emissions for households in the UK that not everybody knows about.
00:19:20,1160 --> 00:19:28,1168
Hussein Allawi: So the show is really trying to kind of celebrate these new alternative and in some ways kind of radical shifts in consumption.
00:19:29,1169 --> 00:19:36,1176
Hussein Allawi: It is championing alternative forms of sustainable buying and sustainable behavior, basically.
00:19:37,1177 --> 00:19:52,1192
Iyas: So the audience, the people coming to the show are primarily the targets to get citizens in generally, who can just be educated, look at options both in terms of how they do things, but also who they do those things with.
00:19:52,1192 --> 00:19:59,1199
Iyas: Is it very much aimed at Joe and Jane public, if I may, in terms of who goes to the show?
00:19:59,1199 --> 00:20:00,1200
Iyas: Is that the target?
00:20:00,1200 --> 00:20:01,1201
Hussein Allawi: Yes, very much.
00:20:01,1201 --> 00:20:09,1209
Hussein Allawi: I mean, what we've done actually is say it's free to attend, which is quite unheard of in B to C as a kind of format.
00:20:09,1209 --> 00:20:16,1216
Hussein Allawi: But we were deliberate about that because we said, well, actually, why should it be just people who can afford to be sustainable?
00:20:16,1216 --> 00:20:26,1226
Hussein Allawi: I mean, that's a perception of the sector which is, yes, to produce a product with higher ethical or environmental credentials generally costs more, so you have to be able to have the means to pay for it.
00:20:26,1226 --> 00:20:30,1230
Hussein Allawi: But on the other hand, average people can be more sustainable.
00:20:30,1230 --> 00:20:32,1232
Hussein Allawi: And there are really close parallels at the moment with the cost of living.
00:20:32,1232 --> 00:20:38,1238
Hussein Allawi: So energy companies and what people are doing to reduce their energy, that's being sustainable.
00:20:38,1238 --> 00:20:42,1242
Hussein Allawi: Having more of a plant based diet, that's being more sustainable.
00:20:43,1243 --> 00:20:48,1248
Hussein Allawi: The way you move around cities, obviously these are themes that resonate with average people.
00:20:48,1248 --> 00:21:07,1267
Hussein Allawi: So yeah, we want everybody to feel like they have a place at the show, whether that's families, older people with pensions that they want to change, how they invest, young professionals right through to kind of younger people that are naturally extremely worried about the situation and what it's going to mean for their generation.
00:21:07,1267 --> 00:21:13,1273
Iyas: And in terms of the exhibitors, how have they got engaged?
00:21:13,1273 --> 00:21:16,1276
Iyas: What does it look like for them to get engaged?
00:21:17,1277 --> 00:21:23,1283
Iyas: Presumably Frontier Events is a company, so it needs to make its revenue.
00:21:23,1283 --> 00:21:29,1289
Iyas: So presumably the show is pay to display or pay to have a pay to exhibit.
00:21:29,1289 --> 00:21:33,1293
Iyas: That's the word I was looking for and use a really sophisticated one that I was missing there.
00:21:35,1295 --> 00:21:36,1296
Iyas: Is that its business model?
00:21:36,1296 --> 00:21:37,1297
Hussein Allawi: It is.
00:21:37,1297 --> 00:21:45,1305
Hussein Allawi: So it's basically you buy space at the show, sustainable brands buy space at the show and they use that for selling their products.
00:21:45,1305 --> 00:21:50,1310
Hussein Allawi: But also we've got some other bigger companies that are there in terms of activation.
00:21:51,1311 --> 00:21:59,1319
Hussein Allawi: They want to kind of create a real kind of message on the show floor that resonates with people and that's demonstrated through sponsorship.
00:21:59,1319 --> 00:22:06,1326
Hussein Allawi: So we've got speaking opportunities on the main stage, we've got competitions, prizes and so on, basically.
00:22:06,1326 --> 00:22:13,1333
Hussein Allawi: But that's the kind of commercial profile of the show, which is exhibition stands and sponsorships.
00:22:14,1334 --> 00:22:28,1348
Iyas: And how have you tried to navigate the potentially choppy waters of whether someone who wants to exhibit is aligned with ESG or the SDG goals or whatever?
00:22:28,1348 --> 00:22:31,1351
Iyas: Is there a criteria that you've used in order to do that?
00:22:31,1351 --> 00:22:31,1351
Hussein Allawi: There is.
00:22:31,1351 --> 00:22:35,1355
Hussein Allawi: And that's the question we get asked a lot, understandably?
00:22:35,1355 --> 00:22:40,1360
Hussein Allawi: I mean, we have put together quite a comprehensive criteria that we give to our sales team.
00:22:40,1360 --> 00:22:46,1366
Hussein Allawi: And it is questions like do these groups have certain accreditations like B Corp or 1% for the Planet?
00:22:47,1367 --> 00:22:48,1368
Hussein Allawi: Or are they social enterprises?
00:22:48,1368 --> 00:22:50,1370
Hussein Allawi: Are they cooperatives?
00:22:50,1370 --> 00:22:50,1370
Hussein Allawi: As you can see?
00:22:51,1371 --> 00:22:56,1376
Hussein Allawi: Do they have any kind of aspect of their revenue that's derived from extractives or fossil fuels and so on.
00:22:56,1376 --> 00:22:59,1379
Hussein Allawi: So yes, there is a checklist that we follow.
00:22:59,1379 --> 00:23:07,1387
Hussein Allawi: The show itself has quite rigorous sustainability policies in terms of basic things, obviously like single use plastic and so on.
00:23:07,1387 --> 00:23:13,1393
Hussein Allawi: But we are tracking all the carbon that the show produces and offsetting it to the greatest degree possible.
00:23:14,1394 --> 00:23:32,1412
Hussein Allawi: But I mean, fundamentally it's also a brand that wants to exhibit at the sustainability show is not going to exhibit there unless they feel like they have superior environmental credentials because they know that people are going to question them on the kind of manner in which their products and services are produced.
00:23:32,1412 --> 00:23:45,1425
Hussein Allawi: So companies go to the show because they have something that they want to shout about, they have something that they want to communicate to people about that and they kind of feel like they've reached that higher level of environmental sophistication.
00:23:45,1425 --> 00:23:52,1432
Hussein Allawi: So in some ways the show kind of acts as a natural filter of that anyway, just through its name.
00:23:52,1432 --> 00:24:01,1441
Hussein Allawi: But yes, we have at the same time as that, we are trying wherever possible to kind of filter ourselves, who are the right sorts of brands that join the show.
00:24:01,1441 --> 00:24:06,1446
Hussein Allawi: And we anticipate this becoming a bigger responsibility for us as the event grows too.
00:24:06,1446 --> 00:24:16,1456
Iyas: Yeah, no, I would imagine so because in as much as an exhibitor would be potentially visible and at risk if they didn't have those creds.
00:24:16,1456 --> 00:24:25,1465
Iyas: The brand of the show as a whole clearly also depends on the exhibitors and speakers there to also be very much aligned.
00:24:25,1465 --> 00:24:31,1471
Iyas: I noticed, by the way, you have another Karma capitalist alumni speaking there and in the shape of Jarvis Smith.
00:24:31,1471 --> 00:24:34,1474
Iyas: Yes, which should be a great talk.
00:24:34,1474 --> 00:24:36,1476
Iyas: He's a very entertaining man.
00:24:36,1476 --> 00:24:39,1479
Hussein Allawi: Yeah, he's quite an inspiration.
00:24:39,1479 --> 00:24:43,1483
Hussein Allawi: I mean, Jarvis is on the advisory committee for the show.
00:24:43,1483 --> 00:24:47,1487
Hussein Allawi: He's been so helpful in kind of directing us, basically.
00:24:47,1487 --> 00:24:50,1490
Hussein Allawi: But I mean, Jarvis has been looking at the sector for many, many years.
00:24:50,1490 --> 00:24:57,1497
Hussein Allawi: But he has he knows as well as I do that it's about progress, not perfection.
00:24:57,1497 --> 00:25:03,1503
Hussein Allawi: And I think that's a mantra we try and say wherever possible because we want to be honest with people.
00:25:03,1503 --> 00:25:16,1516
Hussein Allawi: We can't say the sustainability show is the one place where you will only find completely vetted sustainable brands because that's such a tall thing for anyone to be able to say that they delivered.
00:25:16,1516 --> 00:25:29,1529
Hussein Allawi: Basically what we can do is introduce people to options and do what we can to kind of make sure that those options are more sustainable and hopefully that helps them in making a better choice.
00:25:29,1529 --> 00:25:35,1535
Hussein Allawi: And so that's kind of what we've pinned to our flagmast, so to speak.
00:25:35,1535 --> 00:25:40,1540
Iyas: Yeah. And I'm going to ask you a potentially risky question by wave selection
00:25:40,1540 --> 00:25:43,1543
Iyas: here. What kinds of companies are coming to the
00:25:43,1543 --> 00:25:44,1544
Iyas: show?
00:25:44,1544 --> 00:25:47,1547
Hussein Allawi: So by and large, it's sustainable brands.
00:25:47,1547 --> 00:25:55,1555
Hussein Allawi: So it's companies that have been through some kind of B Corp or 1% for the Planet or other kind of environmental focus.
00:25:55,1555 --> 00:25:59,1559
Hussein Allawi: But sustainability is front and center what these brands are all about.
00:25:59,1559 --> 00:26:09,1569
Hussein Allawi: They've been incorporated, they've been established to represent an eco sustainable impact, whatever you want to call it, alternative to the regular household item.
00:26:09,1569 --> 00:26:17,1577
Hussein Allawi: So it's about sustainable living and it's about brands that are helping people to do that in kind of various sections of their life, basically.
00:26:17,1577 --> 00:26:21,1581
Iyas: So is it across food, household transport?
00:26:21,1581 --> 00:26:29,1589
Iyas: I mean, is it a very broad cross section or is it any more specific than that in terms of companies that are actually going to be there?
00:26:29,1589 --> 00:26:34,1594
Hussein Allawi: It's mainly lifestyle, so it's food and drink, it's home and garden.
00:26:35,1595 --> 00:26:36,1596
Hussein Allawi: Yes, it's fashion as well.
00:26:37,1597 --> 00:26:41,1601
Hussein Allawi: And then some other kind of fringe ones like money, for example.
00:26:41,1601 --> 00:26:44,1604
Hussein Allawi: Starling bank is a sponsor of the show this year.
00:26:44,1604 --> 00:26:53,1613
Hussein Allawi: Travel is also like sustainable travel is a massive growth area now, so that's a big aspect of the show too.
00:26:53,1613 --> 00:27:12,1632
Hussein Allawi: So it's any brand, product or service that is consumer focused, that wants to help a person be more sustainable, then the show is a good place for them to be exhibiting at because it also adds to their marketing campaign, their advertising campaign.
00:27:12,1632 --> 00:27:21,1641
Hussein Allawi: These brands are pouring millions into social media and Instagram and people are just scrolling and scrolling and scrolling and the conversion rates are so low.
00:27:21,1641 --> 00:27:29,1649
Hussein Allawi: So the show is also helping those brands to target people and speak to them directly and hopefully that's beneficial for.
00:27:29,1649 --> 00:27:37,1657
Iyas: Them absolutely and large as well as small or is their focus on indie brands, if you will, what's that mix look like.
00:27:37,1657 --> 00:27:54,1674
Hussein Allawi: So the show has by and large it's mainly smaller sustainable brands that's a big section of the show because being sustainable is also about supporting those smaller brands, it's also about shopping locally and shopping with the conscious and being positive in your choices and so on.
00:27:54,1674 --> 00:28:06,1686
Hussein Allawi: So like a big chunk of the exhibition is from smaller indie brands, as you said, that are sustainable alongside some larger businesses that are really tackling this issue head on.
00:28:06,1686 --> 00:28:15,1695
Hussein Allawi: So they want to tell people about how sustainable they are becoming and the journey that they're on and they hope that that resonates with people.
00:28:15,1695 --> 00:28:22,1702
Hussein Allawi: And then in the middle you've got some larger sustainable brands that are growing really quite successfully.
00:28:23,1703 --> 00:28:25,1705
Hussein Allawi: So the show is great for them too, basically.
00:28:26,1706 --> 00:28:29,1709
Hussein Allawi: So there is a range of different company sizes.
00:28:29,1709 --> 00:28:34,1714
Iyas: Fantastic. And I think it's great to give the indies a
00:28:34,1714 --> 00:28:42,1722
Iyas: platform. I think it's a tough place to compete in and actually having this kind of a platform is going to be invaluable for the ones who get
00:28:42,1722 --> 00:28:56,1736
Iyas: involved. Beyond this, there's London as well and I'm intrigued in terms of frontier events itself and your own business trajectory, are you seeing this very much as the direction now to be driven by sustainability
00:28:56,1736 --> 00:28:59,1739
Iyas: shows? Is that the main string to the bow for the
00:28:59,1739 --> 00:29:00,1740
Iyas: foreseeable?
00:29:00,1740 --> 00:29:00,1740
Hussein Allawi: I think so.
00:29:01,1741 --> 00:29:17,1757
Hussein Allawi: I mean, we've said as a business we want to be a company that's devoted to sustainable events and shows and to try and use those shows, as I mentioned, to create some kind of impact, however small, in what they do.
00:29:17,1757 --> 00:29:20,1760
Hussein Allawi: So that's the kind of mission of the company, basically.
00:29:20,1760 --> 00:29:23,1763
Hussein Allawi: So at the moment, that looks like the sustainability show.
00:29:23,1763 --> 00:29:48,1788
Hussein Allawi: We have another B to B conference and exhibition called Sustainable Foods, which is all about helping, again, sustainable brands to find distribution, to meet with retailers and multinational food companies, also to help those bigger businesses to grapple with the major sustainability issues within the food and drink supply chain, which are just enormous.
00:29:49,1789 --> 00:29:58,1798
Hussein Allawi: So the conference is trying to help that sector as well to really kind of tackle their environmental problems at the same time.
00:29:58,1798 --> 00:30:06,1806
Hussein Allawi: So we might come across some other themes that sit within the kind of ESG impact arena that the business can adopt.
00:30:06,1806 --> 00:30:10,1810
Hussein Allawi: But that's really going to be our primary motivator, basically.
00:30:10,1810 --> 00:30:30,1830
Iyas: Fascinating and in terms of the company's own evolution, we've had on the karma capitalist, a couple of sort of pretty much startups through to post IPO companies where is frontier events in its own evolution right now and also intrigued as to where you would like to see it go.
00:30:30,1830 --> 00:30:32,1832
Hussein Allawi: We're still a young business basically.
00:30:33,1833 --> 00:30:36,1836
Hussein Allawi: Our shows are still in year two basically.
00:30:36,1836 --> 00:30:50,1850
Hussein Allawi: So in some ways really just kind of starting out with this portfolio but we're just really focused on trying to grow the shows and give value to people that join it.
00:30:50,1850 --> 00:30:54,1854
Hussein Allawi: Whether it's exhibitors, we want our exhibitors to sell their products at the shows.
00:30:55,1855 --> 00:30:59,1859
Hussein Allawi: We want them to really have a good experience at the show so that they rebook and come back.
00:30:59,1859 --> 00:31:05,1865
Hussein Allawi: We want people to come to the shows and feel like it was really a good use of their time to go there.
00:31:05,1865 --> 00:31:15,1875
Hussein Allawi: And if we can kind of co op this community of people that celebrate this alternative way of living then the show will organically grow by itself.
00:31:15,1875 --> 00:31:18,1878
Hussein Allawi: I think so that's really our focus for the time being.
00:31:19,1879 --> 00:31:35,1895
Hussein Allawi: But further on down the line it would be wonderful to have a business that champions all of these various different shows and events and exhibitions with that kind of impact framework in mind because that's just generally, I think, where business as a whole needs to go.
00:31:36,1896 --> 00:31:53,1913
Hussein Allawi: People are kind of tired of the old sort of way of business and how that's been and people are rightly drawing connections between this kind of growthist narrative and what old school businesses are like and they're challenging that.
00:31:53,1913 --> 00:31:55,1915
Hussein Allawi: So we want to be part of that as well.
00:31:55,1915 --> 00:32:02,1922
Iyas: Yeah, no and I think as a forum for bringing people together, different stakeholders, I think it'd be very interesting to see how that grows.
00:32:02,1922 --> 00:32:05,1925
Iyas: You mentioned you had the B two B food show as well.
00:32:06,1926 --> 00:32:09,1929
Iyas: So clearly there is a B two B.
00:32:09,1929 --> 00:32:11,1931
Iyas: Is there an investor perspective here?
00:32:11,1931 --> 00:32:23,1943
Iyas: I'm thinking also it would be a shame having had the education that you had although you were somewhat dispirited by the time you left it, but you have that background and speak that terminology.
00:32:23,1943 --> 00:32:26,1946
Iyas: Is there bringing together of investors as well?
00:32:26,1946 --> 00:32:29,1949
Iyas: Is that an arm of this or is that something that maybe later we.
00:32:29,1949 --> 00:32:36,1956
Hussein Allawi: Have another brand called Good Capital which is all about partnering responsible investors with impact companies.
00:32:37,1957 --> 00:32:50,1970
Hussein Allawi: That is something we're also developing but we're just kind of trying to figure out the best format for that actually because investor matchmaking as a practice has changed considerably over the years.
00:32:50,1970 --> 00:33:01,1981
Hussein Allawi: I mean virtual meetings just like this are basically the norm so we think that there's room for us to develop a product around that too.
00:33:01,1981 --> 00:33:22,2002
Hussein Allawi: So that is something that we're looking to kind of bring out within the next six months as well, which is all about helping sustainable brands to meet a variety of different types of investors and helping those investors to connect with genuinely sustainable companies, environmental technologies, ethical businesses and so on, basically.
00:33:22,2002 --> 00:33:32,2012
Hussein Allawi: So generally those smaller brands are just too small to be of any kind of interest to a bigger bank, an investment bank or so on.
00:33:32,2012 --> 00:33:40,2020
Hussein Allawi: So they need help with funding and investors at the same time need help in meeting companies and sourcing new deals.
00:33:40,2020 --> 00:33:44,2024
Hussein Allawi: So that is something we're also developing on the side.
00:33:44,2024 --> 00:33:57,2037
Iyas: Yeah. And it's interesting because you could look at it almost as Frontier Events being a social and community hub that brings together all of those various stakeholders in driving forward NESG
00:33:57,2037 --> 00:34:03,2043
Iyas: agenda. And that can be sort of quite an exciting place to be right now, as well as clearly an impactful
00:34:03,2043 --> 00:34:07,2047
Iyas: one. Hussein, just a quick, very practical, low down
00:34:07,2047 --> 00:34:11,2051
Iyas: question. Are you still taking companies for the Manchester and
00:34:11,2051 --> 00:34:15,2055
Iyas: London? And if so, how would they go about finding out about the
00:34:15,2055 --> 00:34:16,2056
Iyas: show?
00:34:16,2056 --> 00:34:17,2057
Hussein Allawi: Yes, absolutely we are.
00:34:17,2057 --> 00:34:25,2065
Hussein Allawi: We want to hear from any, any business that wants to that trades with sustainable products and services front and center.
00:34:26,2066 --> 00:34:27,2067
Hussein Allawi: We've got a floor plan.
00:34:28,2068 --> 00:34:37,2077
Hussein Allawi: We want to kind of enlarge the floor plan as well and get as many businesses as we can involved with the exhibition so they can just write to the team.
00:34:38,2078 --> 00:34:46,2086
Hussein Allawi: Our email address is hello at Frontier Events so they can just communicate with us and we'd love to have them on board with the show, basically.
00:34:47,2087 --> 00:34:51,2091
Iyas: Fantastic. Well, Hussein, thank you so much for making the time to talk to me
00:34:52,2092 --> 00:34:53,2093
Iyas: today. It's a fascinating
00:34:53,2093 --> 00:35:07,2107
Iyas: journey. I personally would love to see as and when and if there's a loop back to bringing the Middle East into this, as well as vested interest being one myself, but love where you're taking it right
00:35:07,2107 --> 00:35:11,2111
Iyas: now. Wish you all the best for the show, which is in July the 8th and 9
00:35:12,2112 --> 00:35:15,2115
Iyas: July. Wish you all the best for the show and for the trajectory
00:35:15,2115 --> 00:35:15,2115
Iyas: beyond.
00:35:15,2115 --> 00:35:16,2116
Hussein Allawi: Thank you very much.
00:35:16,2116 --> 00:35:18,2118
Hussein Allawi: Yes, it's great to talk to you.
00:35:18,2118 --> 00:35:20,2120
Hussein Allawi: Yeah, I love what you're doing and love the podcast.
00:35:20,2120 --> 00:35:24,2124
Hussein Allawi: So we'll hope to see great things happening with the karmic capitalist as well.
00:35:24,2124 --> 00:35:27,2127
Iyas: Absolutely. Perhaps we should have a karmic capitalist pod at the
00:35:27,2127 --> 00:35:27,2127
Iyas: show.
00:35:30,2130 --> 00:35:31,2131
Hussein Allawi: We'll consider it.
00:35:31,2131 --> 00:35:35,2135
Hussein Allawi: You left that for the last minute, but yeah, we'll consider that.
00:35:37,2137 --> 00:35:37,2137
Hussein Allawi: Nice one.