Understanding the Impact of the Creative Economy
With a 9% annual growth rate, the creative economy generates more than USD 2.25 trillion in revenue and nearly 30 million jobs globally, according to this 2015 EY report. A 2018 report by Cornerstone Capital, Creativity & The Arts: An Emerging Impact Investing Theme makes a strong case for investing in the creative economy as one of the ways “to counter the negative effects of widening income and wealth inequality, and the opportunity gaps that have resulted from the ‘knowledge economy’.” Despite the growing evidence of its impact, the Global Impact Investing Network’s (GIIN) 2019 Annual Impact Investor Survey reported that “Arts and Culture” accounted for less than 1% of the USD 239 billion worth of impact assets under management by its global members. But Upstart Co-Lab sees 15% of impact investing focused on the “Creative Economy“.
In this live webinar and Q&A, Laura Callanan of Upstart Co-Lab moderates a discussion on understanding the impact of the Creative Economy; why it presents an opportunity for impact investors seeking to diversify their portfolios; and who are some of the global leaders pioneering impact investing in the creative economy.
Time: 12:00 PM – 1:15 PM EDT
Date: Thursday, June 11, 2020