“I believe that impact investment is one of the most important concepts that I can recollect in the last 50 years. And the reason is that it harnesses social ethic to economic purpose.
And the harnessing of social ethic to economic purpose enables you to do things which you could never do otherwise because what you’re talking about is a double dividend. You’re talking about a reasonable dividend on the investment and you are talking about a reasonable dividend in social development.”
on receiving the David Rockefeller Bridging Leadership Award,
London, United Kingdom, 22 October 2012
“The Catholic Church has again taken a position in favor of a social impact investments as an instrument of action in line with the Magisterium of Pope Francis.”
– Sara Seganti, Secretary General of Social Impact Agenda for Italy
The three days Second Vatican Impact Investing Conference in Rome gathered the major actors interested in addressing social problems without sacrificing economic sustainability.
Since the first conference in 2014, the Catholic Church has again taken a position in favor of social impact investments as an instrument of action in line with the Magisterium of Pope Francis. It is not a mere adherence to the principle, but it is a real positioning in the way of understanding the Church’s mission in addressing social and environmental problems.
The impact investing logic assumes that the more a social intervention is sustainable the larger its long term positive impact.
The value proposition of this paradigm is already in action on the religious front. Not surprisingly, these concepts are already being utilized by Aga Khan Foundation, whose founder is the spiritual leader of the Ismaili Muslims worldwide.
Translation, Research, Insight & Perspective by A. Maherali
About the Second Vatican Conference on Impact Investing
Making the Year of Mercy a Year of Impact for the Poor
Rome, Italy June 26th – 28th, 2016
On June 26th 2016, at the invitation of Catholic Relief Services and the Pontifical Council for Justice and Peace, impact investing experts and Catholic leaders from around the world convened in Rome to explore how the Catholic Church and other faith-based institutions could harness the power of impact capital to attain and sustain their social mission.
These institutions, at an early stage in their social enterprise journey, will interact with and learn from successful social entrepreneurs, along with sector thought leaders. They will develop strategies, form partnerships and lay the foundation for catalyzing private investment to serve the poor and vulnerable.
Celebrating the Extraordinary Year of Mercy established by Pope Francis, the conference is titled Making the Year of Mercy a Year of Impact for the Poor.
The diverse roster of speakers from Church and sector leadership, successful social enterprises, family foundations and multi-lateral donor agencies offered a rich perspective on how private capital can be used to lift people around the world out of poverty.