Over a decade ago, JPMorgan and the Rockefeller Foundation, published a report claiming that impact investment was an emerging asset class that would reach between $400 billion and $1 trillion in assets under management by 2020. Many thought this was an ambitious prediction but fast forward, we now see how those doubts were misplaced with markets hitting $715 billion in assets under management in 2020.
Against the backdrop of the reckoning of 2020, our lens on impact dollars has become tremendously important. But is there far too much sensationalization of impact? How do we stay grounded on metrics that really matter?
We talked with Karen Wawrzaszek to unpack this, in March 2021 on our very first episode recorded!
From growing up in poverty to advising some of the wealthiest families, endowments & foundations; having held roles including MD of Rockefeller Capital Management to now Chair of the Meyer Foundation and BNY Mellon Regional President- we learn from her #BillionDollarMoves and challenge how impact investing has gone wrong — and what more needs to be done.
5 Things You Will Learn:
- What it means to have lived in poverty, and how you can channel personal scars into purpose
- Impact washing and this moment in time
- The triple threat of inequality
- How do we DESIGN & measure impact – is doing no harm, good enough?
- Key investment trends arising from the rise of millennials and environmental, social, governance (ESG)
Timestamps
00:00 – Intro
02:30 – Growing up in poverty & how that drives her mission
07:48 – The end of impact washing —or is it?
09:42 – The triple threat of inequality
14:02 – The kimono opens — the big divide
15:24 – Doing no harm is not good enough
22:35 – Stakeholder capitalism
28:26 – Why impact matters
34:14 – How to design for impact
–
PODCAST INFO:
Podcast website: https://billiondollarmoves.com
Watch on Youtube: https://tinyurl.com/sarahchenglobal
Join the community: https://sarah-chen.ck.page/billiondollarmoves
FOLLOW SARAH:
https://linkedin.com/in/sarahchenglobal
