The biggest challenges of our time do not require patchwork solutions, innovative smartphone apps, or miracle pills, instead they require systems-level innovations that can tackle the root cause of the world's most serious issues.
A few years ago, while attending the TechCrunch Disrupt conference in San Francisco, the so called "Slow Money" conference was also taking place across the city - so I did a quick shuttle between the two.
While the definition of impact investing isn't completely settled, it typically refers to the placement of capital -- primarily private -- in enterprises with the explicit expectation of achieving both financial and social returns.
We all know that we leave an imprint on the world through the decisions we make daily and these decisions are now getting the attention of major business players and government bodies as the economy and workplace change around us -- or more so perhaps, have to change to work with us.
When I first started working in impact investing, the field's challenges were foundational: refining the concept, finding suitable investments, figuring out how to measure impact, even determining what to call the concept.
Impact Investing 2.0 has arrived. We have the lessons of those who have done this work successfully for years at our disposal. We should now focus on these emerging best practices and work to bring the field to scale.
A conference in the Caribbean? Some people wouldn't care if it was for underwater basket weaving -- they'll be there! If you are signing up for a conference for a break from the stress of day to day of work, you might want to pick one where you think you can have some fun!
As dozens of new impact investing funds are created explicitly to tackle the world's most intractable social and environmental problems, including over 60 globally in 2011, best practices that lead to impact investing performance are more needed than ever.
What's up? It's the second annual SOCAP conference, the world's premiere social capital markets event (social capital investments incorporate three kinds of returns: financial, social, and environmental).