The Economist Group launches new professional services offering

05 October 2021 Consultancy.uk 3 min. read
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The business behind The Economist has released a new professional services offering, partnering with an ecosystem of leading businesses to give insight and innovation services to corporations, governments and non-profits. Economist Impact will leverage the media company’s business expertise to help drive economic and social change.

Headquartered in London, The Economist Group is a media company best known as publisher of The Economist newspaper. The Economist Group specialises in international business and world affairs information. As the group looks to help businesses and governments adapt to a number of major changes, The Economist Group has launched Economist Impact – a  business which will partner with leading corporations, governments and non-profits to deliver positive societal change.

Lara Boro, Chief Executive of The Economist Group, said, “To overcome complexities and seize opportunities in our modern world, today’s leaders must shape the conversation on topics that matter. Economist Impact is designed to provide decision makers with the deep-dive insights and a trusted platform they need to do that. Building on our heritage and far-reaching expertise, Economist Impact represents the latest step in The Economist Group’s evolution. We are galvanised by its potential, and proud that so many global brands and institutions are already embracing Impact partnerships and choosing to work with us.”

The Economist launches new professional services offering

Together with its partners, Economist Impact drives the conversation around three key areas of systemic transformation – sustainability, health and the changing shape of globalisation – and is already designing multi-year partnerships for a spectrum of clients, with a global stage enabling them to play a leading role. Examples include the Back to Blue initiative with The Nippon Foundation, which aims to protect the health of oceans, and Google Jigsaw’s programme to end online violence against women. Other partners of Economist Impact include Deutsche Bank, BP, Infosys and Amgen.  

Claudia Malley, Managing Director of Economist Impact Partnerships, added, “The world is in the midst of a major paradigm shift. To lead the way forward, we have created a new unique model for partnership. Through a powerful combination of evidence-based insights, creative innovation and unmatched global influence, we can reframe the conversation, rethink solutions to the issues facing our world, and unlock opportunities for progress - not only creating value for the organisations we work with, but also delivering world-changing impact.”

This is not the first time a business and economics publication has looked to move into the consulting world. Bloomberg established a management consulting outfit in 2017, utilising the deep data mines of the Bloomberg terminals, along with an innovative AI system and the network’s 2,700 journalists to deliver clients with holistic analysis and solutions. Indeed, The Economist Group itself has long been growing its footprint in professional services.