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The value of our space

Sustainable investment principles developed by Cambridge Judge PhD alumnus, Armen Papazian, have been announced as a finalist in the annual Finance for the Future Awards.2016_news_thevalueofourspace_883x432

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Dr Armen Papazian (PhD 1998)

Sustainable investment guidelines developed by a Cambridge Judge Business School PhD alumnus have been selected as a finalist in the Innovative New Idea Award category of the annual Finance for the Future Awards. The winner will be announced in London on 13 October 2016.

Armen Papazian, the founder and CEO of Finoptek, has come up with the concept of Space Value of Money – a principle that establishes our spatial responsibility and requires that “a dollar invested in space has, at the very least, a dollar’s worth of positive impact on space”. He proposes a number of new metrics of value that allow investors to optimise their space impact.

Finoptek is a fintech startup based in the UK developing a business and financial analytics platform that provides, amongst other tools, the capabilities of Space Value Optimisation.

The company’s Space Value Optimisation tool “fills an important market gap, and supports the widespread implementation of ecologically and socially sound investment models and algorithms that are seamlessly integrated with our current models,” Armen said in his entry to the awards.

The awards, now in their fifth year, were founded by the Institute of Chartered Accountants in England and Wales (ICAEW) and HRH The Prince of Wales’ Accounting for Sustainability Project, in partnership with Deloitte. Besides the Innovative New Idea Award, there are awards for large businesses, public sector and third sector, communicating integrated thinking, and investing and finance.