UNLOCK THE ENERGY,
IDEAS AND MONEY
TO BUILD A BETTER WORLD

SANTIAGO, CHILE | 18-20 NOVEMBER 2019
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AGENDA

Time Session
8:00- 9:00 Registration
9:00- 11:00 Opening Plenary

Inaugural Address: Impact Revolution

Sir Ronald Cohen, Co-Founder Chair of GSG, will address the advance
of the #ImpactRevolution.
Panel: Is Impact on National Agendas?

State of the Movement Address: Impact Rising

Amit Bhatia,
CEO of GSG, will assess the state of the global movement and the rise of impact. He will provide a vision of impact economies, set out the steps to achieve them and launch Impact Rising, a guide to impact economies, written by the GSG Working Group he leads.

11:00- 12:00 Morning Networking Break
12:00- 13:00 Impact Economy Plenary

Keynote Speech

Panel: Scaling Disruption for Good

This plenary panel will discuss how can we use capital, entrepreneurship and policy tools to scale disruption for good. There is a distinct values-based disruption in mindsets, capital flows, corporate forms, and of Capitalism 1.0 itself, leading to more purposeful capital, entrepreneurship and policies, which need to demonstrate scale to all stakeholders, believers and disbelievers alike. The panel will dive into and analyse disruptive business models from these different lenses.

13:00- 14:30 Networking Lunch
14:30- 16:00 Forum Rotation #1: The Evolutionary Shift in Values

Forum 1A: Societal Values: From Individual to Commons

Does the change in societal values, from individuals to commons, reflect a permanent shift? If so, how will this shift express itself in consumption, employment and investment? What will its effect be on businesses? How do we harness it to drive our economic system to optimize risk, return and impact?

Forum 1B: Purpose of Business: From Shareholder to Stakeholder

Do the new impact economics take businesses back to the time when they needed to have a purpose in order to benefit from limited liability, as was the case in the UK following the Bubble Act of 1720. Have we allowed the justification for benefiting from limited liability to erode over time? Is serving all stakeholders, including customers, employees, society and the planet, a major reversion of the Milton Friedman theory that the sole purpose of business is profit?

Forum 1C: The Underserved: From Fringe to Focus

Have the underserved become a central focus of our system? Leading figures, such as the Pope, have rejected the trickle-down theory, that economic growth alone will lift the poor out of poverty. As the concept of inclusive growth, business and capital spreads, the underserved are getting unprecedented attention. How do we turn the underserved into a lasting focus of our economic system? How do we lead governments to make them a policy priority? How does the impact economy bridge the gap between the haves and have-nots?

Forum 1D: Aid, Development Banks and Philanthropists

The world’s population is growing. How do we ensure there’s enough food, water, education, health and prosperity in 2050? Official aid organizations, development banks and philanthropists are moving towards new and more effective models, such as pay for success, that are capable of attracting private sector capital and bringing systemic improvement in emerging countries. What does this imply for them as leading agents of change?

Forum 1E: Purpose of Investment: Divergent to Convergent Economic Goals

Is impact investment dispelling the myth that one cannot do good while doing well? The growing impact movement provides increasing proof that impact business models can drive profits and that the leading businesses of the future will profitably pursue a double bottom-line. How do we get impact thinking to spread across the global economy?

Forum 1F: Tech & Media: For Better or for Worse

Are the tech and media revolutions allies or opponents in bringing about impact economies? Perfect information creates perfect markets. Technology and media have democratized information and disintermediated markets. Though they bring new challenges, such as fake news, ills are no longer able to hide behind walls of secrecy. How can we use them to underpin impact economies?

16:00- 17:00 Afternoon Networking Break
17:00- 18:00 Impact Economy – Revolutionary Shift

Keynote Speech

Capitalism 2.0 = The Impact Economy? Panel Discussion

Is Capitalism 1.0 changing for good? Is the new economy the Impact Economy? This panel will discuss business, investor, entrepreneur and policy motivations and perspectives to deliberate if the new economy has a true Impact DNA and what might it take to ensure the same. Finally, it will evaluate not just the changing roles of all stakeholders in the Impact Economy but also on the opportunities and challenges if Capitalism 2.0 is indeed an Impact Economy.

18:00- 18:45 GSG Millennial Honors Awards
GSG Honors Awards
18:45 Transfer to Dinner Venue
19:30- 22:00 Drinks Reception & Gala Dinner

Fireside Chat: Can Impact Revolution be bigger than the
Tech Revolution?

The Impact Revolution is more like the Tech Revolution. It’s a renaissance of ideas- a peaceful revolution. But can it be bigger than the Tech Revolution? The venture capitalists who funded the Tech Movement are giants today- can Impact Investors get there? Enterprises born in the Tech movement rule global capitalism in 30 years. Can Impact unicorns get there? Tech started of as a sector but ultimately permeated all business. Is Impact following the same trajectory? Will it create opportunities and fortunes in the same way? Tech made life easy. Will Impact truly make lives better?

Time Session
8:00 – 9:00 Registration and Coffee
9:00 – 10:45 Policy & Planet Plenary Panel: Impact Rising

The Impact Rising panel will discuss key trends analysed by the GSG-led collaborative book initiative, “Impact Rising”, and outline the revolutionary and evolutionary trends identified in the book. Keynote Speech
10:45 – 11:30 Morning Networking Break
11:30 – 13:00 Forum Rotation #2: Revolutionary Shifts

Forum 2A: The New Finance Paradigm: Risk-Return-Impact

Financial thinking has evolved from a focus on returns in the 19th century to risk-return in the 20th century, is it now shifting to risk-return-impact? Investment is increasingly being driven by responsible, sustainable and impact-oriented values. How do we ensure impact performance, alongside financial performance, and what are the challenges to overcome?

Forum 2B: Capital Flows: Impact Investment in achieving the SDGs

Are capital flows towards creating impact advancing a permanent shift in allocations? Capital flowing to ESG has already reached $30 trillion, while impact investment proper has reached $500 billion. To achieve the Sustainable Development Goals (SDGs), impact investment into high-impact businesses needs to grow exponentially. How do we accelerate new portfolio allocations to impact investment?

Forum 2C: Impact and Entrepreneurial Models

Are entrepreneurs the driving force of the impact revolution? Are they the ones who will take us to a circular economy, help us to improve learning outcomes, create smart cities and scale new business models to tackle other social and environmental challenges? How does achieving impact at scale affect entrepreneurial business models? How do we drive the inclusion of impact in entrepreneurial thinking, across the globe?


Forum 2D: Shifting the Focus: Activities to Outcomes

Is shifting government and philanthropic focus from activities to outcomes helpful to the effective delivery of impact? The UK government has created Outcome Funds (Life Chances Fund, Fair Chances Fund, etc.) in order to attract risk capital and social entrepreneurs. This has helped to achieve improved social outcomes, such as reduced recidivism and homelessness and improved elderly care. The focus on measurable outcomes enables governments and philanthropists to reorient limited resources towards effective programs and crowd in private capital. How do we accelerate the shift in focus from activities to outcomes?

Forum 2E: Linear to Circular, Green & Blue Economy

The world population is growing and this is affecting the environment. To ensure there’s enough food, water and prosperity in 2050, we need to switch from a linear to a circular economy. Can we truly eliminate non-recyclable waste? Can manufacturers design products to be reusable? For example, can all electrical devices be designed in such a way that they can be repaired. Will we be able to recycle all plastic into pellets for making new plastic products. Will we treat our surroundings responsibly? Can we prevent litter on streets or in the natural environment? Can Impact Economies become truly circular? For too long we have exploited nature as a resource, considering and even documenting land as a factor of production. We must realize that we are not independent of nature or existence. Our existence is interdependent on nature. We are destroying the ecosystems that serve as the basis of life and of all value creation. Can we ever treat Nature as real wealth over Money?

Forum 2F: Big Corporate Impact Models

Are big companies capable of delivering much greater positive impact? More than 50% of Fortune 500 corporations and an even greater proportion of the largest companies across the world (85% of the S&P500, 99% of the FTSE100, and 100% of the CAC40, BSE500 & JSE Top40) report on ESG goals. What innovative impact models can corporations adopt in increasing their positive impact? How do they accelerate the transition to delivering both impact and
financial performance?

13:00 – 14:30 Networking Lunch
14:30 – 15:30 Impact Imperatives: Plenary Keynote Speech Panel:
Disrupting Allocations for Impact


To unlock private capital for public good, we must disrupt how wealth and asset managers allocate money to asset classes. We must also disrupt how businesses allocate budgets to products and strategies. Finally, we must support such disruption with policy and public opinion. This panel will discuss how can we disrupt allocations for impact.

15:30 – 16:00 Afternoon Networking Break
16:00 – 17:30 Rotation #3: Impact Imperatives Socratic Forum

Forum 3A: Impact Measurement & Reporting

What is the role of impact measurement in preserving the integrity of the impact sector? Will Impact Weighted Financial Accounts that reflect product, employment and environmental impact, together with financial performance, become the new baseline for corporate accounting? How do we achieve acceptance and implementation?

Forum 3B: Public Sector 2.0: Government as an Impact Catalyst

Are incentives and new social impact corporate forms crucial to the growth of impact investment? Experience in implementing new policies (Opportunity Zones – USA, Green investments – Holland, 90/10 pension funds – France, Social Investment Tax Relief and Outcomes Funds– UK) provides valuable evidence for innovative policy making. How should government support the impact movement?

Forum 3C: Impact Wholesalers: Facilitators and Champions

Are impact capital wholesalers that provide catalytic capital for impact-driven investment funds key for driving the growth of impact investment? The UK has released £400 million of dormant bank accounts to establish Big Society Capital. Portugal has created an impact wholesaler, with EU funding support. Japan is releasing $4.5 billion, over five years, from dormant bank accounts to an entity tackling social issues. South Korea has announced the creation of a $300 million impact wholesaler. Several other countries are considering. doing so. How can we accelerate the establishment of impact wholesalers across the world?

Forum 3D: Pay for Outcomes Models

Is paying for outcomes a key tool of impact investment? Social impact bonds (SIB) and development impact bonds (DIB) are based on outcome payments. To date, governments have almost invariably paid for outcomes, but new independently-managed outcomes funds are becoming significant players. Are they the way to scale pay-for-success in systematically tackling major social challenges such as education in emerging countries? How do they attract substantial philanthropic and aid capital to bring about systemic improvement?

Forum 3E: Creative Economy in the Impact Revolution

Four of the Sustainable Development Goals depend on creativity and culture to succeed. Already 3% of global GDP, the creative economy is growing at 9% globally and 12% in the developing world. Learn why the UN describes the creative economy as a driver of both innovation and inclusion, and how art, design, culture, heritage and creativity align with diversity, equity and sustainability in the 21st century.

Forum 3F: Creating an Impact Movement

As the idea of doing good while doing well spreads, how do we create a powerful movement around it? How should the GSG lead in creating this movement? What should its priorities be? What specific actions should it take? Beyond Tipping Point 2020, which is looking eminently achievable now, how does creating an impact movement relate to the SDG’s?

17:30 – 18:00 Transition to Plenary
18:00 – 18:30 Closing Plenary

Closing Address by Sir Ronald Cohen

18:30- 21:00 Closing Party
Time Session
9:00 – 17:00 SOCAP Entrepreneur Catalyst Day

Social entrepreneurs are at the core of impact, identifying new business models that harness the power of markets to drive high impact solutions. Catalyzing impact investing globally requires cross-sector collaboration to incubate, support, invest in, and scale social enterprises. Join this special programme following the GSG Summit to be inspired by and network with entrepreneurs, accelerators, investors and others working closest to the the world’s toughest problems
9:30 – 13:00 GSG-ACTO Global Impact Academic Council
(By invitation only)

Academic institutions are playing a critical role in advancing the impact revolution. But how can our work be more impactful? How can the various academic programs around the world collaborate effectively to catalyse this emerging field? Join this invite-only event aiming to provide a platform for networking, collaboration and joint thinking amongst academic institutions and experts. This is an invite-only event, for registration or information please write to pallavi.khanna@gsgii.org and actocenter@gmail.com
14:00 – 17:00 GSG NAB Chair Meeting
(By invitation only)