BSC’s Stephen Muers: Social investment must offer more than a sticking plaster

The sector has been criticised for losing its focus, but Big Society Capital’s CEO is determined to create ‘long-term and systemic change’

Big Society Capital CEO Stephen Muers

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Natasha Turner

Tackling social issues on a scale that can create real, lasting change has been the driving force behind Big Society Capital (BSC) CEO Stephen Muers’ career so far.

Having worked in the UK government’s Cabinet Office and Ministry of Justice, Muers joined BSC in 2016 to address failings in areas such as criminal justice, health and housing “in a slightly different way” – turning his hand to the private sector’s role and influence.

“Tackling things that are hard, but in a big way that has a long-term, systemic change about it, rather than just sticking a plaster on the problem – that’s what gets me up in the morning,” he tells ESG Clarity.

Now at the helm of BSC – he was appointed interim CEO in May 2020 and CEO in May 2021 – Muers has overseen projects such as the launch of the BSC Social Impact Trust, which announced plans in November 2020 to raise £100m for social impact projects.

Its impact report released in June shows £87m raised so far, financing 160 organisations and with 100% of investments aligned to the United Nations’ Sustainable Development Goals.

Read the full interview in ESG Clarity’s July 2022 digital magazine.