Explorez tous les épisodes du podcast Impact Leaders - Sustainable & Impact Investment and Performance with Purpose

• In the US almost 60% of transactions are done digitally, in Latin America almost 75% of transactions are done in cash.
• The unbanked are living in an unequal society where people who have the least access to cash have to pay a higher price for financial services.
• We can help to close the huge gap between those who have access to financial services and those who haven't.
• eCLUB’s mission is to solve the financial inclusion problem in Latin America. The main focus is to help people have a better life. That is the end goal.
• Consumers have very few alternatives, most of the banking sector is concentrated in very few banks. And you can see the same story in every country. The sector is dominated by 5 or 6 banks that concentrate 80% of deposits and 80% of the loans. 
• Due to the lack of competition in the sector, the people have to pay some of the highest interest rates in the world, and some of the highest fees in the world. Yes, because they have no alternative. 
• The worst is that this way of doing banking has created a big problem, where almost 50% of the middle class and lower-middle-class people don't have access to an account, over 70% of the people don't have access to credit.
• Banking the unbanked means that simplicity is key in the user experience.
• “We are not just providing financial services, we are also giving the unbanked tools to improve their financial knowledge to re functionalities that allow people to track their expenses, knowing what they are spending the money.”
• In Latin America, there is a high level of entrepreneurship. 
• For small businesses the main barrier to growth is a lack of access to finance and credit. This sector creates 70% of employment in the whole of Latin America.
• eCLUB’s first market is Paraguay and to reach 1 million people in the next 4 years. They aim to launch in Brazil next!

• Impact is a subset of sustainable investments. Impact pushes it further by looking at the measurements.
• At Symbiotics, historically focused has been on Microfinance and research and reporting
• Tameo was created to provide more independence, to support impact investors and impact fund managers to make evidence based decision and data driven decisions for their investments, increase accountability and transparency in the market.
• Private Asset Impact Fund Report 2021 - for fund managers as benchmark
• 175 impact funds participated in the stud. 300 data points per fund. There was a flat growth in AUM for impact funds in 2020. Average fund size of USD 140-150 million with fixed income funds are much larger compared to private equity funds.
• Microfinance - No clear statistics that show with confident that micro finance alleviates poverty, but there are very clear consistent positive impact from micro finance with tangible benefits e.g micro enterprises provides a stable source of income. They are able to capture business opportunities that otherwise would not be possible for them. They won’t be as strongly affected by shocks e.g if member of family dies or storm destroys your home. 
• Micro finance creates Increased possibilities and opportunities. From survey, 90% of end borrowers say they believe quality of life has improved with access to micro finance.
• Blended finance works, there are a lot more innovation happening and  there is huge interest in it.
• Tameo is providing this market intelligence to the market as more investors still need more information.
• Regmifa -  Regional MSME Investment Fund for Sub-Saharan Africa and Loans for growth fund
• Investors need to have a change in mindset and be open to new investable opportunities

• There is an incredible network of like minded family offices
• Artha Network platform 
  • help coordinate discovery and create more visibility.
  • “The information about who's doing what and where should not be left to chance, because the opportunity costs are just too high in the event that things go wrong, and things don't happen the right way.”
• Partnership with Menterra, one of the oldest social enterprise incubator in India.
• Biosense - last mile health diagnostic service
• Collaborative learning and action is key to solving the last mile challenge
• Telecoms & Beer are succeeding in the last mile - the narrative must change to grease the wheels, otherwise we continue to propagate the same exact mentality that is contributing to hundreds of parallel silos. Something that gets people to see a carrot that changes the behaviour where we’re all competing against each other to develop on SDG X.
• Impact Measurement - we encourage folks that we work with to pick 2 or 3 things that are really tangible and possible to measure
• Taxonomies - we are trying to keep it simple
• Partnerships play a crucial role in due diligence - We had 40% of investors reported in the GIIN survey, express willingness to utilize other investor’s due diligence documentation, and that’s a sea change. 
• Every player has a lot to contribute, technology is amplifying what each and every one of us can do.
• “Federation and King of the Hill strategies, domination strategies aren’t going to work today. There is too much empowerment at the end notes that is propelled by technology.”
• “None of us is as smart as all of us.”

• Investing in best in class impact and more than just from an ESG standpoint.
• Two components when assessing investmentee in funds 
  • Delivers positive impact
  • Prevents negative impact
• Investment focus
  • Financial inclusion
  • Access to clean energy
  • Affordable health care to low income population
  • Care SheTrades Fund for women empowerment
  • ABC Fund for small holder farmers in Africa - Agribusiness Fund as part of International Fund for Agricultural Development
  • Investments of 250k to 3-4 million
• The balance of investments that are high impact but do not to burden investee company on reporting
• Key to managing impact measure - Define impact metrics and defining lists of indicators, have conversations with investee at the start of investment, capturing operational data, eg. having a methodology to estimate CO2 avoided. Measuring impact to end beneficiary using deep dive impact studies and questionnaires
• Advice on designing impact funds - 
  • Define the impact ambition and impact thesis
  • Key barrier is that for investors there is a need for high liquidity, making ticket size smaller. E.g. having flexible note issuance programs
  • Develop blended finance mechanism to derisk private sector investment with faster range of public and philanthropic nature investments

• RethinkX is a think tank that analyses and predicts the uncharted waters of industry disruptions.
• The 5 foundational sectors are all ripe for the next big disruption.
• Great technological advances are lowering the costs to accessibility.
• Climate change solutions ARE possible, but we need to commit to certain courses of intentional action.
• How do we determine ownership for all the world’s greatest issues?
• Mindset will always be the greatest supporter or inhibitor to great progress.
• The impact of small cheques/donations 
• The domino effect 

• Due to the ubiquitous nature of water, we forget we should be investing in water management technologies for real impact.
• The technology to clean water is not necessarily unattainable, it can actually be quite simple, but government regulation and centralisation of management prevents accessibility.
• Adam Smith’s water-diamond paradox continues today.
• Lack of money/funding is not the issue for water solutions.
• Transparency and looking for investment opportunities. 
• SKion discusses their investment criteria 
• Skion explains the 2 principles of how they operate in the water industry  
• Why private international investors are needed. 
• Digitalization-what data is important? 
• Explore the Investment horizon 
• Challenges and costs involved in transporting water

• How to become an Impact Leader 
• How JP started his career in Financial Services and Investment Banking 
• Learning some of the secrets from the 1% of the 1%
• How to become an “Impact Diamond” to attract the right opportunities 
• Even a beautiful diamond needs polishing for that final brilliance
• JP & ILA and Partners launch the IMPACT LEADERS PROGRAMME, to help leaders in the industry to create Profit & Impact, faster and at scale
• Creating clarity without anxiety and overwhelm to manage the vast amount of information about sustainable and impact investing 
• Aligning your values and actions and your business/company
• Investments: staying in your lane vs missing the latest trends - understanding the true alignment of purpose and values is something you’ll never regret and will always pay off
• Creating a crystal-clear message for investors and stakeholders 
• Helping each other is the only way to truly make a difference
• The power of your community and having access to the right people
• JP’s Free Guide: “The 6 Reasons You & your Business Don’t Create Sustainable Profit & Impact”
• How to create Profit and Impact fast and effectively with the “faster profit & impact leadership method”
• Join the upcoming Webinar to learn more about the 6 reasons, the method and IMPACT LEADERS PROGRAMME and how to join

• The definition of “impact investment” and the spectrum of capital: where or how you want to participate is your personal choice based on your wealth management goals.
• Somehow, sustainable investment and profit-generation became mutually exclusive, but it doesn’t have to be.
• The impact of having a theory of change
• Whatever it’s called, when your approach to wealth management includes using finances to better the world, your investments will be healthier than if you were only trying to get more money with little regard to how profits are generated.
• Milton Friedman vs Real Sustainable Fiduciary Duty
• Brow Stocks and the prisoners’ dilemma 
• Key definition: Investment Management vs Financial Planning 
• The Intersectionality of wealth managers and clients
• Measuring Impact, Qualifications & God’s call

• The main reasons why people and companies are NOT creating Profit & Impact.
• The most important thing is to start, improvements can be made along the way.
• It is still early days, but there are already many solid resources that will help with navigating the impact investment world.
• Seek out knowledge because “success leaves clues” and if you look hard enough, you will find what you need to propel you forward.
• Having the right foundation is the key to building anything, and with impact investing it is key to nurture a growth mindset.
• Strategy is a key component, but having the right plan and people around you is paramount.
• The launch of the IMPACT LEADERS Programme and how the “impact diamond’ can be a tool you can use to attract the right opportunities for growth, faster and at scale.
• How to make the best of the IMPACT LEADERS Podcast.

• Sustainability 101: A Toolkit for Your Business
• DC Metro Area Green Career and Jobs Guide

• The pandemic has exacerbated but also highlighted and accelerated necessary changes in how we interact with our environment.
• Long-term partnerships - that are mutually beneficial - are the key to sustained growth and opportunities that can truly make a difference.
• The Eden Project is more than just building pretty gardens, there are deep, social and philosophical, reasons for why it has been developing scientifically the way it has.
• The key to upending the status quo when it comes to clean air and water for all is having difficult conversations that really examine why capitalism and moral bankruptcy are falsely equated.
• Some of the difficult conversations are unintentional consequences of oversimplifying complex issues as “good” or “bad”
• Sir Tim Smit lists his favourite people and books that discuss intelligent approaches to understanding how the world should work, and how it was working before intervention that was backed by greed and self-interest. 

• The evolving definition of sustainable development impact
• The worst aspects of the pandemic have proven the urgent need for more sustainable impact investment
• Latin America is following the European and North American markets, with many opportunities for impact funding
• True test of “best practice” is about cultural DNA, not just observable behaviour
• Analysing companies’ impactfulness  
• How to “have it all”: impact & profits

• Biggest challenges some  clients face as investors
• What works and what doesn’t: some inspiring examples of sustainable (ESG) investing from the investors in the real estate sector
• How to measure impact in a way that is accurate and commercially viable
• Measurement and trade-offs and what’s getting in the way?
• What is the highest priority: should you care more about social impact or the environment?
• The role of policy intervention to achieve more sustainable outcomes in residential property
• Innovation that successfully facilitate profitable, sustainable investment, including Green-Lending focus 
• Mistakes and misunderstandings happening in pursuit of sustainable investment
• What we can learn from within and beyond the real estate sector to enable the majority of investors in UK property to invest profitably and sustainably

• Go outside your bubbles to get inspiration.
• Although they are diverse sectors and geographies, technologies that will work are not all that different.
• “We want to build businesses for the long term, which will continue to be valuable, and will be even more valuable in somebody else's hands.” 
• Climate can destroy a business's supply chain, it can destroy consumer preferences, there are so many aspects you have to factor in sustainability into your very future.
• The Subnational Climate Fund (SCF) is our first product to bring creative solutions in blended finance to the emerging markets.
• Nature based solutions are about holistic solutions. It really is measuring how do we use biodiversity and use nature to help us solve a number of issues.

• Engagement and stewardship is a hugely important part of impact investing.
• “It’s all part of the same strategy to really try and democratise it as an investment category, to broaden access to impact investing.”
• “I think one of the cultures within the investment team is this concept of constant improvement, so the strategy, the process, the philosophy is identical to the one that we founded back in 2012, we started building in 2016, and launched in 2017.”
• On systems change - Our SDG taxonomy is the centerpiece. The taxonomy is basically what helps us identify what systems we’re going to be moving towards. It is a process and a list of economic activity in product and services that are being produced by companies that help achieve specific SDG targets.
• “I hope to see that all Article 9 business takes much more nuanced and thoughtful approach to classifying which companies they will ultimately invest and allocate their capital towards, and which they aren't ...
• ... I think ultimately, businesses change and businesses can reinvent themselves, which is something that that needs to be reminded. We have some great examples in our portfolio of companies that have transitioned from perhaps in the industries that have been extractive industries and negative industries in the past towards, you know, positive areas like renewables in renewable energies, but ultimately, it's much more complicated and much more qualitative than a simple scoring system can ever help you achieve.”
• Education is key. Being able to help investors that are new to sustainable impact investing to understand and decipher this alphabet soup of terminology is key, because it allows them to quickly or more quickly align, their own objectives with the products that are available to them on the market. 
• Further education and refinement of the terminology is key. 
• Fund managers that are perhaps newer to the game, should try and be vigilant and careful with how they label their products, not just from a regulatory point of view, but also from a naming convention point of view. Because it makes a big difference in helping the broader understanding of people who are just learning about this space as we speak.
• The future belongs to everyone
• Good businesses exist to solve problems.
• Look beyond the marketing material and imaging to really challenge the investors to tell you what they want to achieve and tell you how they want to achieve it.
• Leaders are innovative and sometimes have to rewrite the rules.

• “We still look and act as if people and nature are inputs into the financial process and inputs for financial gains instead of thinking financial markets are tools to support people and planet.”
• Impact investing: is intentional, additional and measurable and incorporates risk based approach of ESG and takes it one step further.
• The ABC approach = A: Avoiding harm + B: Benefiting stakeholders + C: Contributing to solutions
• “I do think that especially the larger companies could do faster than what they are doing. And I think, unfortunately, a lot of them will only do it under pressure from investors and from the way that we invest. And that's why it's important, I think, is a very important role of the financial industry to make sure that we also don't get accommodated with the status quo , and start to really put some incentives and pressure for companies to transition faster, especially the ones that have more resources to do so.”
• Snowball’s investment strategy is to have a diversified portfolio: renewable energy, sustainable forestry, social housing, charity bonds, circular economy, tech for good. 
• They invest in all SDGs - with the final SDG in aquaculture of SDG14 - Life Below Water. 
• First time investors are interested to learn from every asset classes and impact from every SDGs.
• Core and satellite strategy:

1. What is happening on the ground
2. How fund managers works with investments to improve impact
3. How we work with other fund managers and investors to improve our approach and share leaning

• Standards and regulations are next steps to scale impact. We need to make it easy for investors to compare and contrast investments and make it harder for impact washing.
• Pricing of negative externalities is a fundamental step in scaling and mainstreaming impact.
• Rockefeller Foundation gave a grant so that Snowball can share their experience to the impact community of lessons learned about starting and growing an impact fund - there will be a webinar - Watch this space.
• Investment examples: Circularity Capital is an investment fund of Snowball, they invest in circular economy businesses. Shark Solutions is an investment of Circular Capital, they recycle and reuse hard to extract PVB from laminated glasses.
• Nothing ventured, nothing gained. Going after your network and asking for advise.

• Since the term was coined in 2007, there is now $500 -700 billion committed capital to impact investing.
• Social entrepreneurs are supported by organisations such as Ashoka, Skoll World Forum, WEF, Leaders of Tomorrow.
• Social entrepreneurship and impact investing are the two trends coming together bringing inclusive capitalism to solve and innovative solutions.
• I am a strong believer that capitalism is something great. Capitalism should be the solution and not the problem. But I also say we should make capitalism more inclusive.
• Talented people today want to work in companies that pursue meaningful purpose.
• Public expects capitalism to be articulated in a new way. We can do well by doing good.
• Every wealthy family particularly the younger generation is interested in these topics
• The elea Center for Social innovation focus on bringing social entrepreneurs with corporates
• Covid - All 20 active ventures survived. It was a humbling experience working with entrepreneurs through the pandemic.
• The pandemic gave us much more urgency and momentum. There is bigger recognition that systemic risks that are tail risks with low probability could happen.
• The idea of the system is much more concrete and the idea of interconnectedness becomes clear.
• The Elea Way Book allows for self learning, it is a practical and hands on book from a pedagogical perspective.
• It is the book that brings together social entrepreneurship and impact investing
• Standing on the shoulders of others - Bill Braden and Andy Kuper
• Bill Braden - CEO and founder of Ashoka  - pioneer of social entrepreneurship
• Andy Cooper - Leapfrog, the first proof of an investment company that profit and purpose works.
• Fund managers should take a deeper look at impact.
• 3 phases of impact investment:

1. $10k - Idea phase, competition
2. $100k - Entrepreneur has to decide to fully commit, friends and family money not suffice. revenue of $0.5-2million
3. - Not just concepts, building teams, working with government, 5-7 years

• Accion harnessing digital technology to create financial inclusion
• Examples of investments:
  • InkaMoss - helping 6000 farmers, small farm holders in Peru
  • Dharma Life - supporting entrepreneurship in 40,000 villages in India
  • BagoSphere - providing digital courses to improve employability skills in The Philippines
• Encouraged to see that social entrepreneurship, impact entrepreneurship and corporates are coming together.
• “No hay mal. Que por bien no venga” - There are 100’s of methods but nothing that suited our purpose. 
• The elea Impact Measurement Method was developed for for measuring of impact on absolute poverty specifically for elea. This takes into account - factors and elea impact points/1000 Swiss Franc.
• Impact points serve 3 purpose:

1. To set goals - how many impact point we want to achieve
2. For comparability between ventures - capital allocation tool
3. To communicate regular performance reporting

• Investors are not just competing for more impact points but internalising the impact,more than just seeing images.
• Quantifying impact helps the decision making process and applies theory of change.
• At some stage, in 5-10 years, impact becomes tradeable. These kinds of currencies become real currency and maybe blockchain will help us here to create markets with impact. When we look at impact it is still traded at a discount. My dream is that one day impact will be traded at a premium not at a discount.
• They are not called donors, they are called philanthropic investors who give us philanthropic investors. They become by being on the board, helping with strategy and risk management.
• It’s not about creating bigger institutions and organisations. It’s about how to build partnerships, how to build bridges across sectors. It’s about getting different type of organisations aligned.
• Collaboration in blended finance needs to be more agile. We are starting to see SDG funds of $500million with blended finance facilities. 
• Keys to leadership is intentional influence. Leadership needs to be ethical, be more horizontal than vertical, and is able to get things done and mobilise people around solving problems.
• We need to learn and be thorough. We have wasted a lot of money. Entrepreneurship is more critical and scarce now than money for impact investment.”

1. Next year we will be announcing some new initiatives and plans to help you engage even more and continue supporting IMPACT LEADERS, in order to help scale Sustainable & Impact Investing faster and increase awareness about the SDGs. We are very excited about this but We cannot yet announce it, so stay alert.
2. As you may already know, we continue to work on our vision at ILA & Partners and the launch of “ILA Funds”, and we are actively looking for partners, portfolio managers, distribution specialist, investors, and others with an interest in Sustainable & Impact Investing . 

• Our business focuses on real assets or essential assets, renewable energy, real estate, timber and agriculture.
• "We are moving the goalposts away from ESG steadily to impact in the future, where it's not only about compliance with environmental aspects, social and governance aspects."
• "... one of the very few independent investment managers in Germany, and in operation for 20 years, is in my view, a strong indication of the vision that the two founders set out Roman and Dieter."
• “We want to bring to the table smart capital, as opposed to passive capital that is abundantly existing, but doesn't really get to the point.”
• There is an interest in investing in Asia.
• More institutional investors in the region are interested in increasing exposure to renewable energy and sustainable investments.
• We support by not just creating our own renewable energy offering but by helping create a broader universe of offering for renewable energy that benefits everyone.
• The renewable energy market is constantly changing you need to stay ahead, stay intellectually curious and have the ambition to analayse the market and create sound investment decisions.

• “We have a responsibility to integrate ESG across our suite of investments and asset classes”
• If you think about the the issues that drive performance, the issues that really can cause major blow ups, often they're ESG related.
• Data breach, oil spills, falling faul to a major diversity and inclusion related scandal are all things that can hit the reputation and bottom line of consumers. We just think you have to take into account all these risk whether ESG funds or not, right across all $350B assets.
• “We have a suite of ESG funds that covers different asset classes. Over the last 10 years, in particular the past 4-5 years, the ESG integration programs across M&G started in equities and fixed income, but is now broadening out to all asset classes on behalf of clients. All of them now say they embrace and integrate and ESG approach.”
• We have to and our clients wants specifically designed funds with clearly articulated ESG integration programmes 
• Impact financing fund - Private debt investments in liquid debts investments that have a net positive impact such as social housing, energy efficiency and green buildings, renewable energy infrastructures
• ESG needs to be managed and communicated just as how the risk function has evolved over the past 10-15 years. There is expectation from clients that ESG is an important part of the process.
• It’s not just the ESG team, it has to come from the leadership.
• Companies are not just seeing this as a leadership issue, they are seeing this as a survival issue.
• Shifting from competitive, moated competitive advantage thinking to a open-minded, supportive, collaborative approach.
• Mindset shift in healthcare sector with Covid - the role is not just to protect your IP and generate super normal returns but to provide healthcare and save lives.
• M&G Triple “I” framework: Investment, Intentionality, Impact.
• Investment: sustainable business models, good company, long-term.
• Intention comes from purpose, clarity of purpose and authenticity.
• Examples of KPIs - Millions of tons of greenhouse gas saved, avoidance of virgin material and use of virgin forest. Millions of trees saved, millions of people accessing financial services in underserved communities.
• Move from a shareholder primacy perspective to a stakeholder responsibility perspective.
• A company should genuinely be thinking about its responsibilities to all stakeholders and future generations.
• Impact adjusted accounting approach - we need a new accounting system for the 21st century.
• Collaboration is at an all time high, to navigate the complexity of changes and behaviours we need. 

• “If we can create a much healthier relationship with our wealth, and the purpose of our wealth, then actually we should be able to fix, repair, increase resilience, and ultimately regenerate the relationships with each other and with nature.” Amy Clarke
• 50th anniversary of Milton Friedman's seminal essay that was penned and then printed in the New York Times Magazine
• “there is a real sense that the values and belief systems upon which we have built this global finance system aren't right, they're not fit, they're not robust.”
• There is the rise of the BCorp movement and the use of BLab tools during the lockdown has risen exponentially.
• “Impact investing is about helping wealth holders reconnect with the purpose of their wealth. The word wealth comes from two old English 13th century old English words, meaning well being, we've lost the well being and wealth along the way. And it's become singularly focused on financial performance.” Amy Clarke
• “I see this as a behavioral inertia challenge. Financial institutions are comprised of individuals, we need to look at how we incentivise these individuals, how we are rewarding them and how we associate value with their actions.” Troy Mortimer
• We can transition not all but a lot of companies through to becoming a force for good.
• “We need a just transition, quickly and effectively where finance, regulation and policy play a role. We need a carrot and a stick.” Troy Mortimer
• How do we move beyond (Only) preaching to the converted?
• The later we leave it, the steeper the transition is going to be - Mark Carney
• The more we pushback regulation deadlines, the more uncertainty it creates. Ultimately, its better to takes the operational learnings in Covid and behaviour change and apply it to compliance and regulation.
• Bernard Looney, CEO of BP, a different style of leadership. Moving away into a more human style of leadership.
• We need to use AI to help change behaviours in the right direction.
• Passive ESG funds should be able to demonstrate intent.
• Its important to populate the empirical evidence and convince the skeptics of the economic data with the language that they know.
• “We have outperformed the benchmarks. There is more than enough data to show that these type of investments are resilient on up and down cycles, which is why we are seeing huge flows into ESG.” Amy Clarke
• “As a bellwether for market sentiment, its phenomenal, because we can now see everybody is looking for safe harbours and safe harbours of businesses with these kind of resilience built in.”
• “Investors should be thinking - Well, I understand that there is some volatility right now, but in the mean time, I’m investing for something larger. What you wil see is that over the long-term, it starts to come back in financial returns.” Troy Mortimer
• As Tim Geithner said, at least in relation to the US financial crisis and how they had resources large enough to do anything about that crisis , but I think financial resources will not be enough in relation to the Sustainability challenge we face. And we will not have time to react and fix things. But we must be proactive. JP Dallmann

• Being good is good business.
• Beating benchmarks and creating a pot at the end of a period just heuristics. These are just shorthand.
• We don't live in an isolated bubble called the financial world. We live in the real world, in real communities with real neighbours in the real space.
• In reality, we control most of the capital markets in the world, so we have the ability to shape the world in a way that is beneficial to us.
• The reason you invest is you want to grow the economy that you want to live in. Every investment you make has an impact on your life, not just on your portfolio but on your life.
• Challenge -> Misunderstanding Adam Smith - the moral philosopher: “happiness, perhaps the preservation of his existence again, all right, his contentment, happiness here means contentment, the preservation of his existence, his very life depends upon what its preservation preserving what the prosperity of society“.
• COVID has generated the debate. What is it that we as a developed society care about? We should care about the life of all citizens including citizens who are not economically productive - that’s what pensioners are in harsh economic terms. Do we care about citizens’ lives or do we care about pure financial economic growth?
• We have a shared assumption, the shared assumption that we have is that it's possible in the financial sector to combine being really technically excellent at what you do, while at the same time being truly a decent human being. We call it being nice.
• We are privileged because of how much we get paid and where we are, therefore we should reach out to help those around us.
• It’s about how much giving of your time and how much do you empathise.
• We see ourselves as the pebble that maybe can help start the avalanche that can change the market for better. I think we are part of that movement. The key is to make change for the better.
• It’s not what we do, its who we are. Who we are then produces what we do. But you start with the human first, not the product.
• High active share managers, even the ones that are not skilled outperform benchmark and everybody else after fees from that position.
• People use the word alpha. I don't like the word alpha, its value.
• We pay half of our bonuses on “being nice”.
• We invented the idea of engagement. Doing stewardship is a better way of enhancing value over the long-term.
• I'm absolutely convinced that the trend is that it will become almost impossible for people to invest in index without investing in stewardship. 
• I worry that if ESG becomes a trend, it becomes a label. If it becomes a label, it becomes a tick box exercise.
• When we talk about ESG factors, however, it seems like the market wants to have a specific box that they want to put everything into it rather than the nuance. It’s the nuances of what sustainability means, what governance means, that adds value in reality.
• What moves companies is not just financials. There are lots of intangible assets in some of the biggest companies, in brands and reputation. Culture in banks is more important than measuring the financials.
• On climate change and carbon investments, to solve the problem you need 3 things to happen:
  1. Convince the company to close down or change business model
  2. Find alternative sources of what the company does
  3. Convince consumers to shift consumer behaviour
  • Encourage oil major to shift to cleaner energy
  • Advocate regulators to move to clean EV
  • Change consumer behaviour e.g. move away from fast fashion and meat.
  • Invest in alternative visions and technology.
• It's not a one-pill solution. You have got to do all these things.
• We are not interested in virtual signalling.
• COVID has taught us that extreme events can whack society in major ways.
• When I judge myself, I genuinely do not think that success is money or position or title. I think success is helping others.
• We receive what we have in trust from God and we have to pass it on to the next generation
• Every day “I judge myself”: What have I really done to make an impact? 
• I think success is helping others
• If I know I’ve not done what I should do. I ask myself, have I done the best I could, in giving something back?

• The stages the RS Group - Single family office has gone through and the lessons learned 
• Total Portfolio Investing and Bended Value
• Investing in Sustainalytics in 2009 in order to support the mainstream ESG investing community
• Focus on natural capital and nature based solutions and launching of a design funding window with Convergence Finance.
• “Its really important to understand the team. We see a lot of ESG funds, with the bigger asset management firms they have very shiny presentations that are very well organised but in the end what gives us the real insights is talking to the managers and understanding how they implement the ESG framework. The magic is really getting to know them”
• We believe closely monitoring and engaging managers is also our duty as a responsible investor.
• “One of the fundamental challenges is that positive and negative externalities are not fully priced in. This means coal miners or harmful oil and gas exploration projects can still access funding at a rate not too different from green projects.”
• When ecosystem services are properly valued, companies will not be able to justify damaging natural resources to increase their profit, such as producing palm oil from cleared lands or overfishing or use of unsustainable fishing methods.
• “We sincerely hope that sustainable investing does not remain as one type of investing but becomes the only way of investing.”
• Many investors still think that moving their capital to ESG ETFs is enough, but in our opinion, while ESG ETFs are better than traditional ETFs, they are not the best solutions. There is no active company engagement, no fundamental ESG research investors who need to understand ESG label itself is not enough. They need to move their capital into strategies that have a really robust ESG integration.
• We want to see more asset managers, more banks actually investing in the ESG talents in the region.

• How can we change financial Markets for good? 
• “There is an old saying: How do you change capitalism? You need to take control of the capital.”
• Mark’s (career) evolution and path to founding Carbon Tracker:
  • Going to The University of York
  • Crossing the Sahara Desert
  • Becoming an analyst assessing projects for Live Aid
  • Working on the first fairtrade coffee in Tanzania in1988
  • Pioneering green finance alongside Tessa Tennant founder of Merlin Ecology Fund
  • Being one of the first “green analyst” in the City of London
  • Investing in the first renewable energy business
• Knowing what you don’t like: Stop the city protest
• Inspiring women leaders in the industry
• How global warming motivated Mark to find solutions through the world of finance.
• Xtrata’s IPO and the lack of sustainable impact information on their documentation.
• The long list of supporters, advocates and funders of this movement
• “In the same way that Bill McKibben with the divestment movement managed to change everything, Mark Carney carried this message into the world of financial markets regulation has changed everything.”
• Re-thinking the purpose of finance: The future of the planet, the security of the financial system and pension schemes.
• Paris Climate agreement: Investors are absolutely aligned with a safe outcome.
• The analysis of ecological boundaries and its financial impact
• “Four or five hedge funds are now shorting the fossil fuel industry and going long on the clean economy. I think we are going to see a lot more of that in the future.”
• “Everyone that has sold out of the fossil fuels sector or shorted it in from 10 years ago has done extremely well, both on a relative and absolute basis … but we need a forceful intervention”.
• Using Satellites and AI to help cut carbon emissions: Transparency is a crucial element of accountability.
• Trying to alert the world of an urgent challenge

• Jean-Philippe de Schrevel founding Blue Orchard and pioneering microfinance
• Bamboo Capital funds include:
  • Oasis Fund - high risk first generation energy access fund - open ended
  • BEAM - closed Off grid energy in Sub-saharan Africa and Asia
  • World Bank mandate energy access solutions in Haiti and Madagascar
• “As we move from baby boomers to millennials, the quest for purpose is a big theme.”
• “Big asset managers are doing sustainability, further ESG and impact investing. This shouldn’t be just storytelling, we make sure that the money resolves issues around the world.”
• SDG500, the impact investing partnership platform:
  • 6 Impact Funds
  • Targeting $500m
  • Missing middle finance - beyond microfinance and below where banks would lend, areas with no angel investors. 
  • First loss catalytic capital from non-profit. 
  • Adjust risk and reward. 
  • Clear theory of change on the ground
• There were initial challenge to raise funds because of perceived risk
• It is important to be scaling based on the need of the ground vs scaling based on the need of investors
• Exit scenarios can come in the form of selling back to the principal, or have the industrty coming in and following on or other funds coming in and following
• Impact measurement - There is a balance between investing in impact measurement system and keeping it simple
• Investors need to embrace all the SDG not just their chosen SDG, and invest in the real needs on the ground.
• Don’t just teach people how to fish, but invest in their fishing companies.

• SDG 500 is a “historic First”
• 6 Impact Funds
• 30 African States
• 12 years life
• 14 of 17 SDGs
• Targeting $500m
• First ABS SDG related for Emerging Markets
• 3 different tranches 
• Ticket sizes as low as $250k
• Public funds multiply x 2.5

• Jason works on better management of ESG at a portfolio level. What happens to ESG when elevating from a typical single issuer or single security measures to portfolio allocation of capital.
• “We actually think that cultivating different types of approaches is actually a huge positive for us because when you think about all these businesses ... as individuals streets or lanes all meeting at one intersection that  ... kind of feels like Piccadilly square, it's just noisy loud. And at that intersection when it comes to this space you find differing, sometimes conflicting expectations, approaches and implementations of, let's say ESG. My point is that the intersection is an incredibly powerful way to understand what we want to build.”
• What are we solving for? What is the end game? ... The bigger end game is always how are you better at understanding the risk ... and how ultimately you can elevate this up to asset allocation strategies.
• When we think about long term versus short term time horizons or preference around ownership periods, there is also materiality concerns.
• The big innovation has to be data oriented.
• “It's been a complete sea change over the last 12 to 24 months, reflected in RFPs - requests for proposals - where clients are asking for information in a way that they haven't before.”
• There is a clear leadership effect with the biggest pension funds on the Top 50 leading the way and influencing the rest.
• The analogy to showing an example of one sustainable investment in a presentation to clients to when “Charlie Chaplin entered a Charlie Chaplin lookalike contest…. Its sort of an empty anecdote because it doesn’t reveal its context.”
• “One of the best things that I've done and most gratifying things I would say, is producing a chapter for CFA ESG investing certificate, it's chapter eight on portfolio construction and management.”
• The conversation with CEO of Banco Sabadell asset management in Barcelona sharing why climate action is important
• Understanding Jason’s personal arc and why he entered into this space. 
• Importance of being curious is whichever context you choose to pursue.
• Why you need to ask questions, and not be afraid.

• How Triodos Pioneer Impact Fund works and how hey find companies to invest in.
• The 7 themes Triodos invests in -  sustainable food and agriculture, renewable resources, circular economy, sustainable mobility and infrastructure, innovation for sustainability, prosperous and healthy people.
• “The philosophy and treatment of investment management is very much a values based organization in that we change finance ... to finance change, and hence we want to make our capital work for good.”
• “Where we are different from many other more traditional ESG investors in the respect that a lot of sustainability investors are more ratings based. First and foremost ratings are backward looking. And secondly, they often measure the quality of reporting and not so much the quality of corporate culture or corporate behavior or even corporate future. So, what we really want to do is have a forward-looking sustainability analysis and see how sustainability creates opportunities for companies.”
• “The trend towards sustainability investment is undeniable and ESG is becoming more and more a mainstream proposition, both retail and institutional. The focus will be on moving beyond ESG and towards more impact.”
• Resilience in Impact management is a combination of what you specifically do and what you specifically don't do.
• In the long run, we believe we have a good trifecta or risk, return, impact.
• Sustainability scores are backwards looking and often measure the quality of the reporting
• The industry needs more standardisation in data and transparency.
• Impact Leaders are positive, energetic ... and they walk the talk.

• Institutional investors and regulators are starting to hold businesses up to a new bar.
• Savvy investors need to assess investments based on emerging risks.
• How to conduct a responsible investment due diligence.
• “I remember looking at one client's sustainability report that was over 500 pages, thinking, that's not an efficient way of getting information back into these key allocators of capital.”
• What really is a game changer is when an asset manager might push back in a constructive way on a client saying, “Here's why we think you would want to avoid this particular type of investment, or why there's a compelling argument to invest in this particular transition, or these best in class companies because of reason x, y, z.”
• Mark Carney said last week in in a speech that ... we can't isolate or self isolate from climate change”. So there's learning opportunities in this current situation that we really need to latch on to. Because there will be other challenges as we move ahead. And we need to make sure that we've taken those learning points and to adapt them because the situation will definitely be different”
• “My point with the SDGs, and frankly, with any kind of impact is that there's always going to be positive and negative impacts related to any investment. And where I found the true leaders in impacts methodology reporting, have held themselves out is to demonstrate that actually, they report both on the positive impacts as well as some of the negative impacts.”
• “There is good compelling argument for ESG, it has withstood a strong market shock. It benefits us all as humans on this planet, as members of society, and pastoral cares of this world that we're going to give on to our kids. This has led to introspection on what is our broader purpose as companies as individuals. The time of self-isolation has given us time to take stock of that.”
• Quality of investments will be key as we move out of the Covid-19 crisis.
• “If I had a call to action for asset owners, it would be to do your best to try to reward those companies that are making an effort to be transparent.”
• “The key thing is start to take action in your own way. have those conversations within your your respective companies, amongst your colleagues, inquire what's being done, look at what's going on within your own pension, and your own investment portfolio. But start to take small consistent movements, and be purposeful with it.”

• You must have a long term perspective in investing.
• “...what’s really changed is the level of interest in sustainability and impact investing from institutional investors and retail investors as well.”
• We see an ESG stampede around some particularly high profile companies that are clearly providing some kind of low carbon solution. The most obvious example is Tesla.
• Methodology on measuring the impact and taking numbers from a company e.g. Kingspan and translating the impact into energy saved and carbon emissions.
• Engagement during company Annual General Meetings and proactive engagement to speak with companies’ management.
• You have to analyse companies and be actively looking at how they are reducing carbon emissions.
• It is important to frame the conversation around the business case, not just because its good for the planet.
• Large institutional investors are required to at least think about ESG issues, but they are also under a lot of pressure from their own beneficiaries to invest in a more responsible way.
• Financial sector is not beloved by people, it’s not trusted very much, but they like to invest in funds with people that they think they can trust.
• The partners have majority of their own money invested in the fund.
• THe EU green taxonomy is a very strong signal where the european economy is heading.
• “it's been a real privilege working with people who have that real sense of mission around environmental issues“.

• “We don’t buy sustainability reports, we buy good companies”
• “At the time there were a lot of sustainable funds around, but we thought that these funds were not that sustainable. Because sustainability is also a financial aspect. A lot of these funds disappeared because they were investing in business models that were not sustainable in the end. So companies that went basically bust.”
• Carnot capital has two well established  funds - Carnot Efficient Energy Fund and Carnot Efficient Resource Fund.
• They also recently launched a circular economy index together with Bank Vontobel.
• Investing in established companies with products and services in industrial, transport and buildings technology, rather than energy transition into renewables. They also invest in resource efficiency such as food sector for example fisheries, agriculture, clean air and clean water.
• “And only if you ask those specific questions, you actually drill a little bit deeper than the usual biannual analyst call which is mainly very financial heavy, and governance heavy. We are able to ask a different set of questions to competing funds and that is our edge.”
• There is a lag between how rating agencies analyse these companies and how we interpret these companies with dialogue and deeper research and ESG ratings.
• Heatmaps of aggregation of the portfolio companies and SDG impact
• “In our experience, it is impossible to do impact investing without being an active investor.”
• “I think there will be two streets, two avenues. Either you analyze everything, and you analyze it with not enough depth or granularity, or you focus like us on a specific sector or even a specific portfolio.”
• How partnerships with banks can scale impact investing -1) create actively managed certificates and create derivatives themed around resource funds 2) traditional managed accounts where they pick out the best qualities from niche impact investors
• The challenges of climate change and resource scarcity will still be around after the coronavirus crisis.

• Setting the Scene & Sharing Preferred Strategies: How variance in defining ‘ESG’ leads to confusion and conflict between investment firms & investors, policymakers, clients and key stakeholders
• Internal Processes and Policies: How to integrate ESG into an investment company and gain an understanding of the common challenges and obstacles
• Improving Return Profile Through Building ESG into Your Models: How to integrate ESG factors into your models and decision process, across all portfolios and discuss what has worked best thus far, and where improvements can be made
• Data Sets as Part of the Investment Process: Understand which services and information are most useful and learn where to source and develop key information both externally and internally
• Communicating with Clients: How is ESG affecting the communication with your clients and the latest information clients are currently requesting
• Call to Action: What should investment firms/managers and clients do differently and the practical steps you can implement today to improve your ESG data analysis and communication

• “The sustainable revolution is gaining momentum and it now represents the single greatest investment opportunity in all of history.” Al Gore, Generation IM
• “I believe we are on the edge of a significant capital reallocation of capital… And investors will need to fundamentally reassess portfolios because of sustainability issues.” Larry Fink, Chairman and CEO of Blackrock
• “The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and above all, the durability of that advantage.” - Warren Buffet
• “Every CEO needs to sit down and come to grips with the fact that if I don’t have teachers to teach the children of my employees, then the best employees aren’t going to come work for our company.” - Chuck Robbin, Chairman and CEO of Cisco
• Calls To Action:

• Importance of investor education
• Why it is risky not to invest in impact investments
• What would it take to convince all fund managers to embrace impact investing
• Usage framework is a great way to democratise impact investing
• SPIRIT - BlueOrchard’s proprietary impact management tool
• At BlueOrchard it is key to combine both worlds of financial and impact features
• Attractive financial features are drivers of impact investments
• Why learning about microfinance was a turning point in Patrick Scheurle‘s career

• What is Impact Investing?
• Creating a multi-strategy impact investing  company to create return for investors and help solve human needs.
• The opportunity and challenge of founding i(x) investments. 
• The i(x) investments model, the current areas of human need and the opportunities the company focuses on. 
• We need to get to action! We need personal commitments. We are running out of time!
• We have 415 parts per million of co2 in our atmosphere. The highest level of co2 that has been in our atmosphere in at least 800,000 years.
• The money being made on fossil fuels between JP Morgan, Wells Fargo, Citigroup - funding US$2 Tn in new projects in the last 2 years - and Mitsubishi funding new coal plants.
• We need elected leaders to address climate emergency in an aggressive way.
• We don't need more deep thoughts about how to measure impact. 
• We need trillions of dollars of capital going into investments that address the biggest problems we have.
• Family offices control Trillions of dollars that we can point in this new directioN to have profound impact for the world.
• As consumers and investors we need to make the right choice to be part of the solution.
• We need to recognise that individuals decide that this is their problem and not someone else’s problem.
• We should be supporting activists such as Greta Thunberg, student strikes and Extinction Rebellion.
• Co-founder Howard W. Buffett and the impact rate of return methodology.
• Bill Gates on realising that he should be giving sooner rather than build a company and then be a philanthropist at the end of his life.
• What makes an admirable leader and how we create real impact in this world.

• Looking beyond the causal drivers into more active stewardship and long term sustainability
• There is a spectrum of capital and the markets will decide on how to react to corporates without sustainability strategy or if they decide not to price in carbon
• A lot of companies are over-borrowing from human capital, environmental and natural capital or cutting R&D
• ‘We want to avoid companies creating contingent liabilities or liabilities you don’t see on the balance sheet, which are typically extra financial, call them ESG.’
• We will need abatement in hard to abate sectors like cement, fertilizers, flying, steel making, aluminum, plastics, or all that.
• Integrated vs exclusionary ESG vs positive impact
• Degrowth movement vs growth and decoupled growth
• ‘You need systems thinking in combination with personal agency’
• ‘Stewardship Code 2020 is going to be a really important piece ... because it's putting the onus on a lot of people in the investment chain to report in a much more transparent way. I'm hopeful that is going to raise the bar in terms of what we're looking for on a systems level.’

• The poverty premium where people in low income pay more than people that are better off. In the UK, 20% of households pay on average £490 more a year for the same services than other people.
• Fir By Design is supporting new startups or social enterprises trying to make markets fairer by not overcharging low income households
• The Fair By Design Fund and the Fair By Design Campaign
• Jean’s story of going full circle from being an economist in a Think Tank in New York to becoming an entrepreneur and then an impact investor.
• The Fair by Design Roadshow is visiting cities across the UK (Oldham, Bristol, Glasgow) to bring different groups together including credit unions, housing associations, local government and local press.
• Fair by Design is very interested in all areas of social impact where poverty premium lurks including food, poverty, transport, insurance.
• How to pick the best companies and examples of funded startups including Emergent, Minibems, Switchee, Wage Steam and Incuto
• Their next project is The Learn Fund, a new fund focused on the future of work

• JP’s career evolution from accounting and investment banking 
• What is Sustainable & Impact Investing?
• Companies should be investing for impact as well as returns
• Returns: perception vs reality
• Why JP found it paramount to use his financial services experience to work with investment companies that want to transition into sustainable & impact investing 
• Performance on some of the asset classes
• Who makes a bigger difference: Warrior Accountants vs Extinction Rebellion protesters
• The roles in society to create scalable impact 
• The importance of education, awareness and action
• Changing your pension funds to impact investing makes a 27 times bigger difference than changing your habits alone
• Why it is also important to change your habits
• Al Gore with Paul Van Zyl at The Conduit: latest trends and effects of climate change 
• How to use the SDGs & your values to set your priorities & Tribe Impact Capital methodology: ImpactDNA 
• Can companies be sustainable in the long term?
• The opportunity: why there is so much potential for growth in impact investing
• Sustainable investing 38% growth to $30trn in the last two years
• Some further resources to learn more about this life-changing  subject: IFAs, Impact Leaders Podcast, PRI, GSIA, GIIN, TONIIC, Ray Dalio, John Elkington, Cary Krosinsky, YouTube, Forbes.com

• Background of Armstrong Wealth Management  and the founding of BlueSphere Wealth
• How people can change the world through their savings and pension
• Why the IFA community is important in transition to more impact investing
• Mark’s clients that are driven by impact and emotional returns
• “Your pension may be causing cancer” article
• The challenge of assessing your own portfolios and getting to the information of actual companies invested by your pension funds 
• Asking your employer pension fund manager about the top 10 -15 holdings they are funding
• How must the IFA community evolve to support impact investing
• Mark’s own learning experience and journey into impact investing
• Where can IFAs go to learn more about impact investing
• How a conversation with a friend, Tom McGillycuddy of Tickr, lead to the creation of BlueSphere Wealth

• Evolution of eQ Blue Planet from a traditional energy utility fund into a sustainable fund
• How eQ’s investment process is different from others
• “I’m always looking for unrealised potential from sustainability drivers”
• “There is a general increase in awareness of sustainability and environmental issues over the last 12 months.”
• Significance of technology in energy and built environment, rise of connected devices and environmental impact of data infrastructures
• The challenge of impact measurement and importance of qualitative assessments
• Why it is key to understand the sustainability strategy of businesses as an impact investor
• How to avoid sub-optimal impact and having a balanced portfolio
• The ESG community is the most collaborative and open community in the financial sector
• Why we need to think about the future purpose of corporations
• Philanthropy by giving away part of their fee to BSAG - Baltic Sea Action Group

• Being selective with experiments and ruthless with what is working and what is not
• Stock exchanges haven’t been providing much push for impact reporting
• Creating a culture of sustainable and impact investing
• It is essential we collaborate to solve problems together
• It feels like a positive to encourage foreign investment into China as foreign investors have a say over conditions for the capital deployment
• Ecological economics’s attempt to put prices on externalities shows that there is little use in measuring carbon footprint of a portfolio because its ultimately not very impactful
• What is really needed is dynamic changes in corporate strategy, investment strategies and policy and supportive policies
• From assessing strategies to creating a certification for financial institution at Real Impact Tracker
• Cary is focusing on advising companies to improve their dual sustainability finance track
• Some SDGs are not directly investable. We need to segment which SDGs are investable and non investable, and of the investable SDGs into the direct and indirectly investable
• Impact measure needs to be done at a systems level as well as a strategy level.
• “Finance without sustainability is a recipe for environmental and social disaster”
• “Sustainable investing without a business case is philanthropy”
• We need to run 100 or more different strategies in parallel at scale
• One trillion dollars of impact vs $500 trillion of tradeable assets
• Cary Krosinsky's personal path to impact and passion for raising awareness through education

• The most critical skill to have a long lasting career
• The story behind the triple bottom line
• Integrating financial value to non-financial forms of capital
• Tomorrow’s capitalism enquiries to engage leadership companies e.g. The Body Shop
• What is next after the Triple Bottom Line
• Green Swans - Integrating Responsibility, Resilience and Regeneration
• Leading the business response to Extinction Rebellion
• How Silicon Valley tech companies are beginning to address the global challenges
• Why companies and the financial markets are switching on
• Why the challenge is pan-generational
• Challenges of starting an environmental data service business in 1978
• What John learned from meeting Frank Herbert and Buckminster Fuller

• Qué es la inversión sostenible y de impacto, cómo funciona y ha evolucionado.
• La necesidad de servicios financieros de impacto.
• La problemática del sector financiero con los nuevos productos de inversión
• Cómo innovar con ideas sostenibles y de impacto.
• La actividad emergente en América Latina, incluyendo SoftBank.
• Las oportunidades de expansión y acceso internacional para grupos locales.
• La crisis de desplazamiento de gente en Latinoamérica.
• Por qué apostarle a invertir en América latina desde la inversión de impacto.
• Que y quien inspira a Mauricio, incluyendo las características de un buen líder.
• Que acciones podemos tomar hoy para generar impacto.

• Why businesses are getting behind addressing global problems
• How Barclays is supporting impact entrepreneurs through Unreasonable Impact
• Paris Accord commitments and potential tax on meat and sugar leaving room for innovation
• Why Barclays started to consider moving towards impact investing back in 2009
• The origin of the development of an impact investing team within Wealth Management at Barclays
• Creating impact investing solutions for portfolios to help advisors communicate impact with clients
• Why Barclays is focused on structuring and distributing structured products with impact
• Creating an impact investing framework and interface throughout the investment process with Bridges Fund Management
• Applying behavioural science to impact investing
• Why Mauricio is planning to head back to Latin America
• Soft Bank’s $5 Billion Technology Fund in Latin America
• Crisis across Latin America: Human displacement
• Tenacity & passion

• Social venture capital started when Gordon Roddick of The Body Shop invested to launch Big Issue in 1991
• Bank accounts for the homeless with HBOS
• How Big Issue is Democratising Capital 
• The Big Account
• Creating a Social Passport that keeps your records in blockchain
• The Importance of using the right language
• Impact washing is fraud 
• Simplifying the SDGs into climate action
• Launch of Big Exchange, an impact investment fund with a social passport
• “A wrong habit of not thinking a thing wrong gives it the superficial appearance of being right" Thomas Paine
• Working with Mutuals and Coops and a career as the secretary of the Print Union
• Importance of having deputies and CEOs that can execute
• Join the Big Exchange and the Big Issue Group

• What is charitable giving, strategic philanthropy and social finance
• History of UBS Optimus Foundation
• Services provided by Optimus Foundation including taking clients in the field on experiences and donor-advised funds
• Making philanthropic giving sustainable
• Creating the Development Impact Bonds for education
• Shaping the future of philanthropy through their community platform and knowledge sharing
• Why volunteer visits to orphanages can do incredible harm. What can we do to stop it?
• How incentivising outcomes and not activities will encourage new money from private sector
• Ultra High Net Worth clients that are committing to giving it all away are incredibly inspiring
• How philanthropy impact is measured with due diligence, ongoing monitoring and randomised control trials
• Phyllis career from working for New York state governor Mario Cuomo and the Children’s Investment Fund Foundation

Aunnie Patton Power is the founder of Intelligent Impact, Entrepreneur-in-Residence at the Skoll Centre for Entrepreneurship, Associate Fellow at the University of Oxford's Saïd Business School, Visiting Fellow at the London School of Economic's Marshall Institute and advisor to the Bertha Centre for Social Innovation at the University of Cape Town's Graduate School of Business.

Aunnie provides us with a unique insight into and particular approach to Impact Investing, using technology - AI, Blockchain, IoT & more - to achieve what we need:

“… Maybe there is going to be the model that works, maybe we're going to adapt it, but maybe we're going to come up with a brand-new model that creates value and wealth for individuals that are actually for the end-users of these companies, as well as making money for investors. I hope that Impact Investing continues to push the boundaries of how we distribute capital, how we distribute wealth, and how we treat the environment.”

Highlights in the episode:

• How to use technology to solve difficult problems in impact investing such as capital allocation

• Perpetual growth of cost model can be at odds with impact businesses 

• A real lack of capital at the mezzanine level

• The 144 impact investment platforms and 170 blended impact finance platforms

• Sitting at 40,000 ft and looking at the different silos and seeing everything that is happening

• How IoT will impact data collection for impact measurement

• How to create structures to incentivise social enterprises

• When offering impact investment products: multiple choice questions vs questions like “how do you feel about a product?”

Useful links:

Intelligent Impact - https://www.intellimpact.com/

Aunnie Patton Power’s Linkedin - https://www.linkedin.com/in/aunniepatton/

IFC Impact Investing Principals

https://www.ifc.org/wps/wcm/connect/TopicsExtContent/IFCExternalCorporate_Site/Impact-Investing

Innovative Finance MOOC: Hacking Finance To Change The World https://www.coursera.org/learn/innovative-finance/

New Forest Fund -  https://newforests.com.au/

Packard Foundation -  https://www.packard.org/

Impact Finance Network -  https://impactfinance.network/#findings

Dutch Good Growth Fund - https://english.dggf.nl/

60 Decibels (Lean Impact) - https://www.60decibels.com/

Ruth Bader Ginsburg - https://en.wikipedia.org/wiki/RuthBaderGinsburg

CogX 2019 + Expo & NetworkingInvitation from JP - http://bit.ly/CogX2019JPEN

Time Stamp:

[03:00] IFC Impact Investing operating principles

[05:00] Wicked problems in impact investing

[08:00] No decent impact investment data from IoT and blockchain

[14:30] AI and ML for capital allocation and chatbots

[26:00] Impact Investment platforms

[31:30] Tokenisation of blockchain

[33:46] Changing food and agriculture impact

[36:00] Using knowledge of finance to change the world

[39:00] Inspiring women behind Aunnie Patton Power

Connect with JP Dallmann on Linkedin, Twitter, or Instagram.

How to incorporate SDGs into your business - Fast Forward 2030

Find talent and careers with impact - Realchangers

Impact Leaders is produced by Podcast Publishing

Simon Bond is the Director of Responsible Investment Portfolio Management at Columbia Threadneedle Investments and has over 30 years of experience in fund management. He led the launch of the UK Social Bond Fund in partnership with Big Issue Invest in January 2014. They currently have four funds with over £400m under management. Simon says, “You shouldn’t have to sacrifice financial returns in order to do good for society.”

Simon shares how that exponential growth of social and sustainability bonds is now outpacing green bonds and that national governments are moving into green bonds. He explains how impact measurement happens only after engagement and that any measure is good as long as it provides evidence.

Highlights in this episode:

• You can do good for society without sacrificing financial returns 
• Bonds are key to bringing mainstream into impact investment
• The challenge of “how we measure impact”
• The importance of Social Alpha and Social Intensity Ratings
• How investments are mapped to impact categories and SDG sub-targets
• Knocking on doors of the banks with the capacity to issue larger sustainability bonds 
• We need national governments and aggregators in the bond market involved in social and sustainability bonds

Useful links:

Columbia Threadneedle - https://www.columbiathreadneedle.co.uk/

Simon Bond - https://www.linkedin.com/in/simon-bond-6500b367/

UK Social Bond Fund - https://www.columbiathreadneedle.co.uk/regional-home/institutional/ct-investment-capabilities/fixed-income/uk-social-bond-fund/

Annual report - https://www.columbiathreadneedle.co.uk/media/12629605/enuksocialbondfundannualreport_2018.pdf

Big Issue Invest - https://bigissueinvest.com/uk-social-bond-fund/

John Bird, founder of The Big Issue - https://en.wikipedia.org/wiki/JohnBird,Baron_Bird

Peabody Trust - https://www.peabody.org.uk/

The Inter-American Development Bank (IDB), EYE Bond Program (Education, Youth, Employment) - https://www.iadb.org/en/idb-finance/investors/eye-bond-program

Time Stamp:

[02:12] 33 years in corporate bonds and impact

[05:01] Analysing Peabody Trust in my first job

[07:50] US, UK and European Social Bond Funds are all growing

[12:06] Bonds give more targeted impact, Big Issue partnership

[19:17] Why the liquidity of bonds is important

[23:50] Measurement comes from engagement

[27:30] Green Bonds and the immense implication for society

[28:23] How to measure job impact and how to launch a social bond

[36:05] National government issuing green bonds

[38:11] Danone's social impact bond

[43:30] “Bringing mainstream into Social Investment”

[46:13] Mapping to bond issues to the underlying 169 SDG sub-targets

[48:00] Social bonds will grow exponentially, national governments are issuing Green Bonds

[49:12] Columbia Threadneedle is invested in this area and in me

[52:36] Simon Bond's life and career inspiration

[54:18] A good leader

Connect with JP Dallmann on Linkedin, Twitter, or Instagram.

How to incorporate SDGs into your business - Fast Forward 2030

Find talent and careers with impact - Realchangers

Impact Leaders is produced by Podcast Publishing