Investing For the Poor

About

Pope Francis has called on the world to find ways to use money to serve people. IMPACT INVESTING—investments made with the intention to generate measurable social and environmental impact alongside financial return—holds great promise as a tool to serve the poor. By unlocking significant amounts of private capital to complement public resources and charitable donations, impact investing presents the opportunity to utilize market-based solutions to foster social justice and to help solve global challenges such as sustainable agriculture, affordable housing, accessible healthcare, clean energy, and financial services for the poor.

The Pontifical Council for Justice and Peace (PCJP), Catholic Relief Services, and the Mendoza College of Business, University of Notre Dame will convene a two-day Impact Investing symposium at The Vatican on June 16-17, 2014. The "Investing for the Poor" conference will be an opportunity to learn core concepts of impact investing, to discuss how it aligns with Church mission, and to discern how the Church might use or promote impact investing to serve the poor.

Conference

Agenda

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7:30 – 8:45 Breakfast
8:45 - 8:50 Morning Prayer
8:50 - 9:10 Welcome and Opening Remarks
His Eminence Peter K. A. Cardinal Turkson
President of the Pontifical Council for Justice and Peace
9:10 – 9:25 Introduction
Dr. Carolyn Woo
President and CEO, Catholic Relief Services

Dean Roger Huang
Martin J. Gillen Dean for the Mendoza College of Business at the University of Notre Dame
9:25 – 10:10 Core Concepts and Framework for Analysis
Dr. Filipe Santos
Academic Director, INSEAD Social Entrepreneurship Initiative
10:10 – 10:25 Bus Boarding for Transfer to St. Peter’s Basilica
10:55 – 10:45 Transfer to St. Peter’s Basilica
10:45 – 11:15 Mass at St. Peter’s Basilica
11:15 – 11:45 Transition to audience
11:45 – 12:15 Audience with His Holiness Pope Francis
12:30 – 12:50 Return to Hotel il Cantico
1:00 – 2:00 Lunch
2:00 – 3:00 Serving the Poor and Vulnerable – Investing in Action (Panel Discussion)
Dr. Patricia Dinneen (Moderator)
Chair, Impact Investing Council, Emerging Markets Private Equity Association

Healthcare and Education in Brazil
Marcus Regueira
Managing Director, FIR Capital

Smallholder Businesses in Nicaragua
John Kohler
Director, Impact Capital, Santa Clara University

Microinsurance in Southeast Asia
Michael Fernandes
Partner, LeapFrog Investments
3:00 – 3:45 Future Potential
Sir Ronald Cohen
Chair of the G8 Social Impact Investing Task Force
3:45 – 4:05 Coffee Break
4:05 – 4:45 Impact Investing and Catholic Social Teaching
Fr. Seamus Finn, OMI
Vice Chair of the Board, Interfaith Center on Corporate Responsibility
4:45 – 5:30 Public and Private Partnerships: Building the Ecosystem (Panel Discussion)
Margie Sullivan (Moderator)
Chief Operations Officer and Chief of Staff, U.S. Agency for International Development

Dr. Rajiv Shah
Administrator, U.S. Agency for International Development

John Rogers
Executive Vice President, Chief of Staff, and Secretary to the Board, Goldman Sachs

Tom Steyer
Founder, NextGen Climate
5:30 – 6:15 Plenary Discussion: Relevance, Challenges, and Open Questions
6:30 – 7:30 Reception
7:30 – 9:00 Dinner
7:30 – 8:45 Breakfast
8:55 - 9:00 Morning Prayer
Fr. Michael Czerny S.J.
Pontifical Council for Justice and Peace
9:00 - 9:20 Reflections on First Day
Dr. Carolyn Woo
President and CEO, Catholic Relief Services
9:20 – 10:00 Impact Investing in the Light of Evangelii Gaudium
Sr. Helen J. Alford, O.P.
Dean of the Faculty of Social Sciences at The Pontifical University of Saint Thomas Aquinas (the Angelicum)
10:00 – 10:20 Coffee Break
10:20 – 11:20 Sectoral Needs and Opportunities (Panel Discussion)
Sean Callahan (Moderator)
Chief Operating Officer, Catholic Relief Services

Agriculture Livelihoods in Latin America
Shaun Ferris
Director of Agriculture Programming, Catholic Relief Services

Healthcare in Africa
Tom McPartland
CEO, ELMA Philanthropies Services

Water in India
Paul Polak
Founder and CEO of Windhorse International
11:20 – 12:00 Blending Philanthropy and Impact Investments in a Faith-Based Model
Dr. Mirza Jahani
CEO, Aga Khan Foundation U.S.A.
12:00 – 12:30 For-Profit and Non-Profit Collaboration
Terry Mollner
Board Member, Calvert Family of Socially Responsible Investment Funds
12:30 – 1:30 Lunch
1:35 – 2:00 Emergence of Investing for Good
Terry Mollner
Board Member, Calvert Family of Socially Responsible Investment Funds
2:00 – 2:30 Vatican Bank Perspectives
Ernest von Freyberg
President, Institute for Works of Religion, The Holy See
2:30 – 3:10 Outlook of Catholic Institutional Investors (Panel Discussion)
Mark Palmer (Moderator) Chief Financial Officer, Catholic Relief Services

Steve Schott
CapTrust Advisors

Jimmy Ryan
Merrill Lynch/Bank of America
3:15 – 3:30 Coffee Break
3:30 – 4:00 Outlook of Catholic Investment Funds
Andreas Widmer Director of Entrepreneurship Programs at The Catholic University of America and President of The Carpenter's Fund
4:00 –5:10 Small Group Discussions: Models and Partners for Future Action
5:10 – 5:40 Moving Forward: Plenary Discussion
5:40 – 6:00 Closing Remarks
Cardinal Peter K. A. Turkson President of the Pontifical Council for Justice and Peace
7:00 – 8:00 Reception
8:00 – 9:30 Dinner

Optional Activities:

10:00 – 12:00 Tour of the Vatican Museum and Sistine Chapel (RSVP required)
1:00 Informal Side Meetings (Individually arranged)

 


Photo Gallery

Resources

Download the "Apostolic Exhortation Evangelii Gaudium of the Holy Father Francis to the Bishops, Clergy, Consecrated Persons and the Lay Faithful on the Proclamation of the Gospel in Today's World", in addition to other resources and information in relation to the "Investing for the Poor" conference.

Additional Resources:

  1. The Power of Impact Investing by Judith Rodin, May 6, 2014 – excellent overview of core impact investing concepts
  2. Unpacking the Impact in Impact Investing by Paul Brest and Kelly Born, Stanford Social Innovation Review, Fall 2013
  3. Impact Investments, An Emerging Asset Class by J.P. Morgan Global Research Team, 29 November 2010 - very comprehensive and lengthy but Executive Summary is extremely valuable tutorial
  4. A Portfolio Approach to Impact Investing, A Practical Guide to Building, Analyzing and Managing a Portfolio of Impact Investments, by J.P. Morgan Global Social Finance Research Team, 1 October 2012 - lots of useful case studies
  5. A Primer on Impact Investing by Credit Suisse Global Research Private Banking Team in Zurich, 1 January 2013 - useful background
  6. Insight into the Impact Investing Market, An in-depth analysis of investor perspectives on over 2200 transactions by J.P. Morgan Social Finance Research Team, 14 December 2011 - fascinating to sample the wide range of transactions
  7. Glossary of Terms for Social Entrepreneurship and Impact Investing by Filipe Santos and Christine Driscoll Goulay at INSEAD Centre for Entrepreneurship - extremely useful guide to the universe of related terms
  8. Fortune at the Bottom of the Pyramid by C.K. Prahalad, 2004
  9. The Next 4 Billion, World Resources Institute and IFC, 2007
  10. Poor Economics, A Radical Rethinking of the Way to Fight Global Poverty, by Abhijit V. Banerjee and Esther Duflo, 2011
  11. Impact Investing, Transforming How We Make Money While Making a Difference, by Antony Bugg-Levine and Jed Emerson, 2012
  12. The Business Solution to Poverty: Designing Products and Services for the Three Billion New Customers, Paul Polak and Mal Warwick. BK Publishers. 2013
  13. The Emerging Markets Private Equity Association (EMPEA) website.

Contact Information

Contact Ryan Johnson by filling out the form below or calling 410-951-7486.

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