More evidence the Impact Investing movement is accelerating is the discussion Giving Pledge billionaires had at a second meeting in Santa Barbara...Impact Investing a hot topic..
"The Santa Barbara gathering was evidence of a rapid evolution of the Giving Pledge from a collection of individual promises into a movement focused on collectively achieving results. Whereas last year's meeting was largely a “get to know you”, according to its host, Mr Case, this year's was a “serious conversation about lessons learned.” It included a discussion on the role of philanthropy in society, led by David Rubenstein, a private-equity tycoon, which stressed the growing need for public-private partnerships to solve society's toughest problems. There were also sessions on reforming education, medical research, tackling poverty, giving outside America and how philanthropists can better collaborate with each other."
"The hottest topic, says Mr Case, was “impact investing”, a phrase describing how to invest money to make profits and do good at the same time. Although Mr Buffett is sceptical about the idea, many of the other attendees were so gripped that they plan to convene a follow-up discussion on it. This focus on being an effective philanthropist addresses one of the many criticisms of the Giving Pledge, namely that it emphasised how much a person gives rather than how much difference their giving makes."
Full article here.
"The Santa Barbara gathering was evidence of a rapid evolution of the Giving Pledge from a collection of individual promises into a movement focused on collectively achieving results. Whereas last year's meeting was largely a “get to know you”, according to its host, Mr Case, this year's was a “serious conversation about lessons learned.” It included a discussion on the role of philanthropy in society, led by David Rubenstein, a private-equity tycoon, which stressed the growing need for public-private partnerships to solve society's toughest problems. There were also sessions on reforming education, medical research, tackling poverty, giving outside America and how philanthropists can better collaborate with each other."
"The hottest topic, says Mr Case, was “impact investing”, a phrase describing how to invest money to make profits and do good at the same time. Although Mr Buffett is sceptical about the idea, many of the other attendees were so gripped that they plan to convene a follow-up discussion on it. This focus on being an effective philanthropist addresses one of the many criticisms of the Giving Pledge, namely that it emphasised how much a person gives rather than how much difference their giving makes."
Full article here.