NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Friday, July 21, 2017

The Global Steering Group Summit (GSG) on impact investing was a good example of how nations can collaborate on the most pressing issues of our time. More than 550 people from 43 countries met in Chicago to discuss how to deploy sufficient private capital to fund the Sustainable Development Goals over the next 13 years. It was a ringing response to recent cries for nationalistic policies regarding the insufficiency of planetary resources. It is an opportunity to think seriously about financing our own National Development Plan.

Impact investing is defined as the use of private capital for public good and requires investors to be both intentional about generating social and environmental impact as well as measuring that it has been achieved.