Category Archives: impact investments

womeneffect.com – a platform accelerating investments in women and girls

IMG_5016Every year very interesting forums and meetings take place in the second half of January here in Zurich as these are scheduled before and after the WEF forum in Davos. This year we had the seif Congress on Impact Investment and Social Innovation, a nice venue providing an overview of the current state of impact investment in Europe and promoting the building of an ecosystem in Switzerland. Coinciding with this Congress there was a meeting launching the Women Effect.

We believe that investing in women and girls is not only right, it is smart. It leads to positive returns for investors and better social and economic outcomes for everyone. This is the women effect.

– Suzanne Biegel, founder of womeneffect and a pioneer in gender lens investing.

Women Effect is a global community of generous men and women, individuals and institutions (investors, philanthropists and wealth managers) who have come together to accelerate the women effect in the most strategic and efficient way. It is a platform to learn connect and collaborate, accelerating investments in women and girls. Suzanne’s article on this subject.

Chan Zuckerberg Initiative: bold, inspiring, mindful and impactful

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On Dec 1, Mark Zuckerberg and Priscilla Chan made the announcement welcoming the birth of their daughter Max and their decision to give 99% of Facebook shares (currently USD 45bn) to the Chan Zuckerberg Initiative to advance human potential and promote equality for all children in the next generation. This was posted (in Facebook)through an awe-inspiring and mindful letter “A letter to our daughter” that should become a must read for people in the private sector, public sector, academia, citizen sector, basically everyone as it articulates with clarity the challenges we face and how to tackle these. The Chan Zuckerberg Initiative is set up as an LLC which has attracted both praise and criticisms.

I personally believe that their decision is great and inspiring as it would give them much more flexibility in achieving their goals by being able to do both: invest and donate with impact. This Initiative is bold and it will provide a major boost to both impact investing and venture philanthropy and hopefully one day it will go for B Corp certification!

Change is coming- launch of B Lab UK

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On Sept 24 B Lab UK hosted the event “Change is coming” the official launch of 62 certified UK B Corps at Proud Galleries in Camden, London. The B Corp movement is gaining momentum and now there are over 1400 companies across 42 countries that are B Corp certified and a number that is growing by the day. In this event it was inspiring to hear the founders of Bridges Ventures, COOK, Fairphone, and Streetlife talk about their businesses and their road to become B Corps. It was also a great gathering to network with the B Corp global community as many leaders were present such as Bart Houlahan, (B Lab Co-Founder), Marcello Palazzi (B Lab Europe Co-founder), and Pedro Tarak (Co-founder of Sistema B, B Corp South America).
There was also a big announcement made by Bart that B Lab is establishing a Multinationals and Public Markets (MPM) Advisory Council as of January 2016 as a strong response for the growing number of multinationals and publicly listed companies that are interested in joining the B Corp movement. In a video message delivered by Paul Polman, Unilever CEO, he announced that Unilever will participate in the MPM Advisory Council and invited others to join them to achieve a collective vision of a global economy where all businesses work to create a more shared and durable prosperity for all. Yes, change is coming!

B Corps- the accelerating global movement using business as a force for good

bcorpHaving followed the movement of B Corps and benefit corporations over the past 6 years it was with great joy to attend yesterday the Swiss B Corp Community Forum that took place at the Impact Hub. B Corps are a new type of company that uses the power of business to solve social and environmental problems (see the first video below to find out in less than 2 minutes). These companies aim to be not the best in the world but best for the world. The B Corp movement has been rapidly expanding with now close to 1300 B corporations in 41 countries and in 121 industries. B corps have started expanding also in Europe with now 70 B corporations. The 4 Swiss B corporations (3 Certified and one soon to become) that were presenting yesterday were: Abhati, Heidi.com, Montagne Alternative, and Opaline. To understand more about the B Corps please view the videos below. It is a movement that is definitely moving the needle in making business a force for good.


Skoll World Forum 2015: Belief

SWF2015_mobile_logoThe 12th Skoll World Forum took place April 15-17th in Oxford. It was my 9th Skoll in a row and it is still my favourite forum for its great content, inspiring conversations and unlimited networking opportunities. This year two of the topics that were most emphasized were girls’ education and the continuing need to collaborate amongst the three converging worlds; private, public and citizen sectors. Another positive,this year, many of the sessions were recorded (more than ever) so subscribe to the youtube page of Skoll so that you can check on the videos that are being uploaded. Check also content through their Facebook and twitter page.

Swiss Sustainable Finance a new platform promoting sustainability in the Swiss Financial Center

detailed illustration of a compass with sustainable text, eps10Swiss Financial Finance (SSF) is a new platform that aims to promote Switzerland as the leading centre for sustainable finance. This platform brings together financial service providers, investors, research organizations, public sector entities, and universities to foster social and environmental aspects in investment and financial solutions. SSF was launched at the beginning of July 2014. See the press release.

The Future of Investing -Towards an 100% impact portfolio

charly and lisaCharly and Lisa Kleissner, pioneers in impact investment and deploying 100% of their assets in impact through their KL Felicitas Foundation, were the keynotes for the event “Inspire to Action- The Future of Investing” hosted by The Impact Hub Zurich on June 16th. Charly and Lisa are one of the most persuasive and effective advocates for impact investing as they “walk the talk” and they SHARE their experiences and findings of their 100% Impact portfolio. For the past 10 years they have been creating a variety of tools to empower and educate both impact enterprises and impact investors. The report Evolution of an Impact Portfolio: From Implementation to Results written by Sonen Capital is a detailed report that you can download from their website that is highly recommended for anyone who would like to learn about investing with impact. Thank you Charly and Lisa!

Update on impact investing

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Some recent great reads
1) Willy Foote’s article on agricultural finance, How To Help 450 Million Poor Farmers–Without Destroying The Earth
2) WEF’s report on mainstreaming impact investments: From the Margins to the Mainstream
3) Morgan Stanley’s commitment to Investing with Impact platform, 5 year target 10bn USD of client assets
November was a month of conferences with TBLI, EVPA and Lugano Fund Forum. The first two are very much focused on impact but LFF is a more conventional Fund Forum for accredited investors and wealth managers in Ticino and Italy. It was therefore great to see that they incorporated a panel for Impact Investments where I had the opportunity to give a presentation introducing this topic “Managing Wealth for Impact and Profits

Microrate’s report “The State of Microfinance Investments 2013″

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Microrate’s “The State of Microfinance Investments 2013″ is out. This 8th annual survey covers 92 active microfinance investment vehicles representing $8.1bn in assets under management. Key findings:

- total asset growth +17%, microfinance portfolio +18%.
-Liquidity declined to 8.2% of total assets, down from a high of 14.6% in 2009.
-Growth in all regions, with Latin America (24%) and East Asia/Pacific (23%) posting the strongest growth, and moderate growth in South Asia (12%), Africa (12%), and Europe/Central Asia (10%).
-Azerbaijan (45%), Georgia (78%), Mongolia (38%), and Bosnia (43%) were among the fastest-growing countries.
-Funds continue to mature, with investors redeeming $438 million in 2012.
-MIV sector continuing to deconsolidate, with largest MIVs continuing to lose market share. Similar trend among fund managers.
-Equity investment grew by $77 million, but declined as a share of the portfolio from 20% to 18%.
-Institutional investors continue to dominate, with 56% share of total investment.

(source Microrate)

What’s new in Impact Investing

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SOCAP 13 (Social Capital Markets, at the intersection of money and meaning) conference took place last week. I could not attend this year but it is great that the videos have already been made available on their website. A platform launched during this conference is ImpactSpace, an open data and resources platform. Their mission is to accelerate impact investing by making information available about the impact market (companies, investors, deals, people) to everyone and maintainable by anyone. It looks already a very helpful and promising resource.
Regarding recent articles and reports in this field that are highly recommended to read are;
1) “When can impact investing create real impact?” by Paul Brest and Kelly Born that appeared in the Stanford Social Innovation Review. The article and the responses by industry experts give a great insight on this topic.
2) “Making Impact Investible” by Max Martin of Impact Economy is a solid and rich working paper that provides a clear framework to understand the industry, all actors and also provides recommendations on how to scale up the industry.