GSGII (The Global Steering Group for Impact Investment)
Introduction[edit]
The Global Steering Group for Impact Investment (GSG [1]) is an independent global steering group working to catalyze Impact investment and Entrepreneurship. Founded in 2015 as the successor to and incorporating the work of the Social Impact Investment Taskforce established under the UK’s presidency of the G8. GSG has 27 countries as members with each country having their National Advisory Boards (NABs). GSG declares its aim as: measurable impact being embraced as a deliberate driver in every investment and business decision affecting people and the planet.
Mission[edit]
GSG derives its mission from the G8 Group of Eight taskforce which is regarded as its successor. The organisation aims to harness the energy behind Impact driven investments and spark a movement around the world.
GSG says: Impact is the measure of an action’s benefit to society and the planet. As we all want to make a difference, the Impact Movement is our collective aspiration to place Impact at the center of human consciousness by ensuring all business, investment and consumption decisions shift from a risk-return matrix to a risk-return-impact framework.[1]
History[edit]
The GSG was founded in August 2015 as an independent, multi-sectoral and global network catalyzing impact investment and entrepreneurship for social Impact. It succeeded the Social Impact Investment Taskforce established under the UK Presidency of the G8. In July 2016, a majority of stakeholders surveyed at the GSG Summit in Lisbon indicated support for the GSG to be formalized as an entity to continue to provide multi-lateral, cross-sector leadership for global market development supported by a dedicated team.
The GSG was incorporated as a charitable company in England and Wales in March 2017. It is managed by a Board of Trustees, who are also its directors for company law purposes. The GSG was established to further charitable purposes; in particular, to develop and promote impact investment with the aim of alleviating poverty, protecting the environment and developing sustainable economic growth, and also to educate in relation to impact investment.[2]
National Advisory Boards (NABs)[edit]
A NAB is the national go-to organization for impact investment, leveraging the power of the collective for increased impact
An ideal NAB should work towards:
- Diversity & Inclusivity
- Influence
- Good Governance
- Secretariat & Resources
- National Impact measurement
- Communication Impact
- Knowledge Development
- Policy Change
- Virtuous Market Development
- Global Excellence
Trustees[edit]
The GSG Board of Trustees is comprised of ten Trustees, including a Chair and Vice Chair. Together, these leaders represent eight countries and four continents. Namely:
Sir Ronald Cohen - Chair Nick O'Donohoe- Vice Chair Nicola Cobbold - Trustee Darren Walker- Trustee Uli Grabenwarter- Trustee Giovanna Melandri- Trustee Masataka UO- Trustee Rosemary Addis- Trustee Maria Laura Tinelli- Trustee Elias Masilela- Trustee [3]
Donors[edit]
GSG core donors include the Ford Foundation, The Macarthur Foundation, Bertelsmann Stiftung, Department for International Development, The Rockefeller Foundation, UN ESCAP, Omidyar Network, Hewlett Foundation, Wietlisbach Foundation, and Liechtenstein Foundation for State Governance.
Other than core donors, several other donors have helped GSG in various events around the globe.
Events[edit]
Thailand Impact Dialogue[edit]
The GSG, supported by the United Nations Economic and Social Commission for the Asia Pacific (UNESCAP) and the United Nations Development Programme (UNDP) Thailand, convened the inaugural Thailand Impact Dialogue in Bangkok to support the country’s impact investment community establish a National Advisory Board (NAB). Over 30 impact leaders consisting of investors, entrepreneurs, policy-makers and development finance professionals from across the public, private and not for-profit sector engaged in an interactive discussion on how to scale the Impact Economy in Thailand. Keynote speeches were delivered by Mr. Renaud Meyer, Resident Representative, UNDP Thailand and Mr. Amit Bhatia, CEO, GSG and the lead discussants included M.L.Dispanadda Diskul (SE Thailand), Somchai Lertlarpwasin (Bank of Thailand), Noppakao Sucharitakul (Stock Exchange of Thailand), Cecilia Pessanha (IMP), Pran Siamwalla (KrungSri Bank), Dr. Ed Triphon (Kasikorn Bank), Dr. Chinawut Chinaprayoon (DEPA), and Jonathan Wong (UNESCAP).
Ghana Impact Dialogue[edit]
The Global Steering Group for Impact Investment (GSG), supported by the UK Department for International Development (DFID), convened the inaugural Ghana Impact Dialogue in Accra as a side-event to the maiden Accra SDGs Investment Fair organized by the Ministry of Finance, to support the country’s impact investment community establish a National Advisory Board (NAB). Over 150 delegates consisting of investors, entrepreneurs, policy-makers and development finance professionals heard from leaders from across the public, private and not-for-profit sector. Keynote speeches were delivered by Ms. Amel Karboul, CEO, Education Outcomes Fund; Mr. Yaw OwusuBrempong, CEO, Ghana Venture Capital Trust Fund; Gita Welch, Country Director, UNDP, and H.E. Iain Walker, The British High Commissioner to Ghana.
Kenya Impact Dialogue[edit]
The Global Steering Group for Impact Investment (GSG), supported by the UK Department for International Development (DFID), convened the inaugural Kenya Impact Dialogue in Nairobi, to support the country’s impact investment community establish a National Advisory Board (NAB). Over 200 delegates heard from leaders from across the public, private and not-for-profit sector. Keynote speeches were delivered by several, including Ms. Betty Maina, Special Secretary to the State Department for Industrialization, Ambassador Martin Kimani, PhD, Director of Kenya’s National Counter Terrorism Centre and Special Envoy for Terrorism Prevention; Dr. Githinji Gitahi, Global CEO and Director General, Amref Health Africa Group; Dr. Shannon May, Co-Founder of Bridge International Academy; Siddharth Chatterjee, Resident Representative - UNDP, Resident Coordinator for Kenya and Maryanne Ochola, East Africa Regional Chapter Manager at Aspen Network of Development Entrepreneurs (ANDE).
Global Impact Summit 2018[edit]
The 2018 GSG Impact Summit was held together an extraordinary group of global innovators to explore the #PowerOfImpact. Nearly one thousand people representing 500 organizations in 54 countries across 6 continents convened in New Delhi, India on 8-9 October 2018 for The Power of Impact: Driving to Tipping Point 2020. Held on the Asian continent for the first time in its four-year history, the Summit covered global challenges from education to the environment alongside emerging tools and strategies for measuring and maximizing impact investments.
Global Impact Summit 2017[edit]
In mid-July 2017, 560 passionate global leaders – impact investors, entrepreneurs, financial intermediaries, foundation leaders, government representatives, and nonprofit and social impact practitioners – descended on Chicago to take on a key challenge in today’s global economy: how to move impact investing to Tipping Point by 2020. Impact practitioners from all continents joined together for four days of discussion and planning for action. They debated how to drive impact capital to scale, learned best practices in designing an impact policy framework, and were inspired into action by exceptional impact innovators from across the globe.
References[edit]
- ↑ Driving Real Impact, GSGII. "Mission & Vision - GSGII". GSGII. Retrieved 15 November 2019.
- ↑ "History- GSGII". GSGII. Retrieved 15 November 2019.
- ↑ "Trustees- GSGII". GSGII. Retrieved 15 November 2019.
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