The Mendoza College of Business at the University of Notre Dame and Catholic Relief Services, together with the Pontifical Council for Justice and Peace (PCJP), will convene a two-day symposium regarding Impact Investing to be held just outside The Vatican in Rome, Italy on June 16-17, 2014. Impact Investing—investments made with the intention to achieve a measurable social and environmental impact alongside a fair financial return—holds great promise as a tool to serve the projected 1 billion people living in extreme poverty by 2015 and indeed all of humanity.
This conference will bring together leaders and experts from a number of areas, and specifically in the field of investing where both economic and social returns are part of determining the return on investment. The seminar aims to discuss ways to unlock the power of public capital, private capital, and to complement philanthropy also as part of fighting poverty and promoting positive social change.
Business, finance, academic, humanitarian, and faith-based communities including the Catholic Church will discuss core concepts of Impact Investing, how to actively promote and utilize Impact Investing in the future, and how Impact Investing aligns with the mission and social teachings communicated regularly by Pope Francis and others on behalf of the Catholic Church.
“Pope Francis has called on the world to find ways to use wealth to help the poor and each and every one of us,” said Carolyn Y. Woo, president and CEO of Catholic Relief Services. “Impact Investing is an approach to eradicate poverty by putting investment capital to work in addressing the growing inequality in the world today. It is important we all take a lead role to actively evaluate the use of innovative financing to serve the poor and that is what this conference is all about.”
Research suggests that the impact investment market is growing and could accumulate to more than US $650 billion within the next five years. Today Impact Investing is generally composed of private capital that complements public resources and charitable donations to foster social justice while tackling global challenges including sustainable agriculture, affordable housing, and accessible health care.
These issues were near the top of the agenda at last year’s G8 summit that culminated in the creation of a task force charged with exploring the potential of social investments to help tackle social issues.
“Earlier this year, I shared the sentiments of the Holy Father at the World Economic Forum in Davos emphasizing, ‘the importance that the various political and economic sectors have in promoting an inclusive approach which takes into consideration the dignity of every human person and the common good…a concern that ought to shape every political and economic decision,’” said Cardinal Peter Turkson, President of PCJP. “Our hope is that after this conference that the tools, ideas, and initiatives will be put in place to help each of us consider both the social value of the decisions we make at the same time as economic decisions are taking place, rather than what often seems as though the social aspect is more of an afterthought.”
Conference attendees are currently expected to be invited to an audience with Pope Francis during the conference and share information about how Impact Investing can be used in helping people who are marginalized, disadvantaged, and living in poverty.
Roger Huang, Martin J.
Gillen Dean of the Mendoza College of Business at the University of Notre Dame, further
commented, "Historically, financial investment and helping the poor
have been considered two separate functions: You make money through financial
investing, and help the poor by giving away money. 'Impact Investing' merges
the two in a very powerful way, so that an investor's value system and business
knowledge align toward a shared goal of creating wealth while also achieving
social and environmental objectives. This is a transformational approach to
affecting world poverty, and one that fits perfectly with Mendoza's
Notable individuals presenting at the Impact Investing Conference include:
His Eminence Peter K. A. Card. Turkso, President of the Pontifical Council for Justice and Peace
Dr. Carolyn Y. Woo, President and CEO, Catholic Relief Services
Dean Roger Huang, Martin J. Gillen Dean, Mendoza College of Business, University of Notre Dame
Sir Ronald Cohen, Chair of the G8 Social Impact Investment Task Force
Dr. Mirza Jahani, CEO, Aga Khan Foundation U.S.A.
Freyberg, President, Institute for Works of Religion, The Holy See
Sr. Helen J. Alford, O.P, The Pontifical University of Saint Thomas Aquinas
Fr. Seamus Finn, OM, Vice Chair of the Board of the Interfaith Center on Corporate Responsibility
Dr. Patricia Dinneen, Chair, Impact Investing Council, Emerging Markets Private Equity Association
Paul Polak, Founder and CEO of Windhorse International and Author of Business Solutions for Poverty
Dr. Rajiv Shah, Administrator, U.S. Agency for International Development
Terry Mollner, Board Member, Calvert Family of Socially Responsible Investment Funds
John Kohler, Director, Impact Capital, Santa Clara University
About Catholic Relief Services
Catholic Relief Services is the official international humanitarian agency of the Catholic community in the United States. The agency alleviates suffering and provides assistance to people in need in 93 countries, without regard to race, religion or nationality. For more information, visit www.crs.org and on social media: Facebook, @CatholicRelief, @CRSnews, Goggle+, Pinterest, and YouTube.
About the Mendoza College of Business at the University of Notre Dame
The Mendoza College of Business at the University of Notre Dame is a premier Catholic business school that fosters academic excellence while promoting the ideals of individual integrity, effective organizations and the greater good. A leader in values-based education with the message of Ask More of Business™, the College offers innovative coursework that integrates real-life case studies, a faculty renowned for teaching and research, international study opportunities, and interactions with some of the foremost business thought leaders.
Conference website: www.investingforthepoor.org