Next Normal Now: Re-Imagining Capitalism for Our Future | Climate Action

This Pro Bono Australia article covers the Future of Impact panel that took place at Shift 2021. The panel featured GIIN’s Co-Founder and CEO Amit Bouri, Cheryl Dorsey, President of Echoing Green, Jed Emerson, impact investment pioneer; and impact investment expert Fran Siegel.

In this Op-ed in Pioneers Post, GIIN’s Co-founder and CEO Amit Bouri reflects back on a full year of pandemic life. Bouri underscores that “we cannot unsee what this past year has revealed” and that “there will be no miracle cure, no silver bullet for the economic and social recovery ahead.” Instead, says Bouri, “to truly address the underlying problems exposed by the pandemic, we need to tackle our systemic gaps from more than one direction.”

In this Pro Bono Australia article, Maggie Coggan covers the launch of The Joint Impact Indicators by the Global Impact Investing Network (GIIN), and the International Finance Corporation (IFC). The initiative aims to “assist impact investors to report and measure goals and outcomes across gender, the climate, and employment.”

This Financial Times article covers Temasek’s recent $500m allocation to Leapfrog Investments. According to the GIIN, Temasek’s partnership “marks the largest single commitment to a specialist impact investment manager.”

In this Forbes article, eight finance experts share their go-to resources on impact investing. Seema Chaturvedi, from AWE (Achieving Women Equity) Funds, lists the Global Impact Investing Network as “the one resource” she turns to, to learn about impact investing.

This Stanford Social Innovation Review article covers the emerging field of corporate impact investing, which currently stands at “more than $7.2 billion in committed capital.” The authors outline five strategies of successful corporate impact funds that may inspire and help new investors navigate this nascent market.

In this article, Kelly Hébert from M&G Investments covers the growing interest in impact investing amongst investors, and especially among millennials. Hébert underscores that “more and more investors want their investments to impact society in a concrete and positive way.” Impact investing offers an answer to this demand.

This Messaggero article highlights that the current pandemic has brought to light that investing in a sustainable and inclusive way must become a top priority and cannot be delayed further. It notes that according to the 2020 Annual Impact Investor Survey by the Global Impact Investing Network, the impact investing market stood at 715 billion in 2020. Yet, the impact investing market must grow exponentially in order to tackle the inequalities that the current COVID-19 crisis has exacerbated.

In this article, Suzanne DiBianca, Chief Impact Officer at Salesforce underscores that “we need a more equal, fair and sustainable way of doing business that values purpose alongside profit” because “capitalism as it is currently designed doesn't work for everyone.” The article also shares GIIN market sizing data, which estimates that the impact investing sector “had ballooned to $715 billion” in 2020. DiBianca notes this growth needs to continue and argues, “if we remain committed to reform and innovation, impact has the opportunity to prove that the challenges we face can accelerate progress, not inhibit it.”

In this piece, Anna Muoio, Amit Bouri, and Chris Jurgens reflect on how "a growing chorus of stakeholders is demanding change to the current economic system—with ambitions ranging from recalibration to fundamental restructuring—so that it meets the needs of our society and our planet, so that it responds to the greatest challenges of our time." They share lessons learned from the initial phase of the New Capitalism Project, including the way in which they developed a "kaleidoscopic view on the nature of the problem" to explore the broad landscape of those reimagining capitalism. As such, they reveal findings regarding: visions for the future, organizational levers and tactics for change, influence strategies, and movement ecology. The piece also highlights plans for the next phase of the New Capitalism Project, in which they will be working together to better align stakeholders in driving systemic change.