You broaden the scope through your work on impact-weighted accounts to that whole economy. But with new information coming on stream, we will be able to compare in great detail the impacts of companies. And this is informing investment decisions today. And the implications of that change are massive because that they will enable us to measure the impacts of companies and to compare not just their profitability, but their impacts, too. It's shifting from risk/return to risk/return impact.
The world is shifting economic paradigms.ĬAPTION: Major shift: Companies measured not only on profitability, but on impact So what does this idea of reimagining capitalism mean to you? And why is it so important at this moment in history?
But now, in your new book, Impact, you write about a broader concept of reimagining capitalism. And historically, impact investment has lived in a very circumscribed space, focused in the private markets, and only on companies that are dedicated to solving the world's big problems. So Ronnie, you and I have both spent years as impact investors. In Part 1 of their three-part conversation, Sir Ronnie and Eric discuss impact investing and the myth of lower returns. Early in his career, Eric worked as a World Bank country economist, and a diplomat in Rwanda with the U.S. He works as a portfolio manager and is the architect of the world’s first diversified public equity impact investing strategy, Global Impact. He is the author of Impact, Reshaping Capitalism to Drive Real Change.Įric Rice is Head of Impact Investing at BlackRock. He was born in Egypt and left as a refugee at the age of eleven when his family came to the United Kingdom. Sir Ronald serves as Chairman of the Global Steering Group for Impact Investment, the impact weighted accounts initiative at Harvard Business School, and the Portman Trust. He is driving forward the global impact revolution. Sir Ronald Cohen is widely recognized as the father of impact investing and European venture capital. Our second episode shines a bright light on impact investing, and I’m thrilled to introduce two pioneers and experts in the field. Together they explore the topics that are driving markets and shaping investor decision-making. Welcome to Expert to Expert, a BlackRock Fundamental Equities video series that pairs our investment professionals with the business heads, politicians, policymakers and academics who are leaders in their fields and influencers in our global economy. TITLE SLIDE: Impact investing and the future of capitalismĮPISODE TITLE SLIDE: Part 1 – Going public and the myth of lower returns
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