The October 8, 2018 IPCC Special Report on Global Warming“limiting global warming to 1.5ºC would require rapid, far-reaching and unprecedented changes in all aspects of society,” necessitating significant systems change in the private (business), public (government), and social (non-profit) sectors. As emphasized in the Impact Entrepreneur Center/Rockefeller Philanthropy Advisors September 2018 Report, , there is a clear mandate to move “beyond incremental change to real transformation,” to the building of a new “impact economy” that is regenerative, resilient and circular, and which is distinguished by a business sector anchored to the triple bottom line.Philanthropies and individual philanthropists can and should play a central role in building an impact economy, at the local/regional, national or global scales, according to the scale of their resources and scope of their charitable mandate. However, only a small number of foundations spend more than their legal minimum of 5% of assets each year on advancing their social missions, and individual philanthropists are generally not aware that they can make use of donor advised funds and other instruments to seed impact businesses. This needs to change.This virtual fireside chat between Clara Miller, one of the pioneering figures in impact philanthropy, and Impact Entrepreneur’s Laurie Lane-Zucker, will address philanthropy’s shifting role in society, and the ways in which foundations and philanthropists can most effectively address the epochal challenges described in the IPCC Special Report and its urgent, 10-year timeline for transformational change, and contribute to the building of an impact economy.Topic areas will include:
- Philanthropy’s historical roots
- Impediments to philanthropic engagement in impact economy building
- Successful philanthropic strategies in impact economy building
- Steps to achieving “all in” — 100% of assets aligned with furthering social mission
- Integrated finance strategies (blending philanthropic, government and private capital)
- Philanthropy and the early stage (seed to growth) impact entrepreneur
The 25th World Congress is co-organized by WSBI, the National Bank for Agriculture and Rural Development (NABARD), State Bank of India and the National Savings Institute. The World Congress aims at bringing WSBI members and all interested retail bankers and stakeholders together to discuss the topics that define the future of the retail banking sector.
It will also showcase the positive role of locally-focused banks in bringing the fruits of globalization to the local level. Rural finance, financial inclusion and digitization will be particularly discussed topics.
The congress features speakers and panelists from WSBI’s membership as well as experts from the banking sector around the world. It offers the attendees insights during high-impact panel discussions. Among them, WSBI will welcome high-level speakers from the Bill & Melinda Gates Foundation, the Mastercard Foundation, the UNCDF, the Asian Development Bank Institute and more.
The event will offer the attendees insights during high-impact panel discussions. It is also an excellent opportunity to create and strengthen business relationships and to promote products and services to an international audience of retail bankers and policy makers.