Friday, December 19, 2014

Newsletter No. 10

Latest Academic Trends in Impact Investing in Brazil


The tenth edition of our newsletter reviews three international researchers who are currently working on sustainable finance or Impact Investing. It also contains information on executive education courses that have been taken place, a case study that was developed through IILA, as well as recent articles and publications related to the topic.

To access the newsletter please click here.

Thursday, December 11, 2014

St.Gallen Executive MBA in São Paulo

The 22 students of the St.Gallen Executive MBA finished their last compulsory course between November 24th and December 3rd in São Paulo, Rio de Janeiro and Buenos Aires. The classes in Brazil focused on the growing market of the low-income population; the so-called base of the pyramid and emerging middle class. Apart from the lectures on the political, economic and business environment and consumer behavior, the students prepared through the case study of Dr.Consulta (private health care for low-income customers), visits to the retail environment of the market as well as a market research organization that focuses on consumers in favelas for their final exam (developing a service or product for this market segment). In Sorocaba (city in the industrial belt of São Paulo), the group learnt more about how the minister of development attracts innovation-intensive companies. They were also hosted by Embraer Executive Jets- which serves as an example of a Brazilian National Champion- and introduced to the business segment of small private jets. In Argentina the students dived deep into the challenging business environment of multinational companies that interact in a country used to economic crises and inflation. 


Tuesday, December 9, 2014

THE STATE OF IMPACT INVESTING IN LATIN AMERICA

The publication of Bain & Company describes the current Impact Investing landscape in Latin America, its criticial challenges and future possibilities. Bain & Company mentioned the problem of sourcing investment opportunities, the difficulty in measuring impact, the challenge for finding suitable exit opportunities and the lack of supporting institutions as the main challenges that keeps Impact Investing from going mainstream.
http://www.bain.com/publications/articles/the-state-of-impact-investing-in-latin-america.aspx

Friday, October 31, 2014

Annoucement ICE Award

The ICE Award for Social Finance and Impact Business, supports academic work in this area in order to disseminate knowledge on the topic. 

O Prêmio ICE Finanças Sociais e Negócios de Impacto – Incentivo ao Trabalho Acadêmico, tem por objetivo incentivar e aprofundar o debate, assim como gerar e disseminar conhecimento sobre finanças sociais e negócios de impacto na comunidade acadêmica das diferentes regiões geográficas do Brasil, envolvendo alunos de quaisquer cursos de graduação e professores, conforme disposto neste regulament.

http://www.premioice.com.br/index.php

Wednesday, October 15, 2014

Nestlé's CSV Forum 2014



On October 9th 2014, the HSG Hub São Paulo together with Nestlé Brazil coordinated the live transmission of the CSV (Creating Shared Value) Conference that took place in Lausanne, Switzerland. The live broadcast of the afternoon session was at the social headquarter of Nestlé Brazil in São Paulo.  Exchange students from the University of St. Gallen, as well as students and professors from partner universities, such as Insper, University of São Paulo and FGV attended the event. 

Questions could be sent by emails or via social media directly to the speakers. That way the participants of the event in São Paulo could actively take part to the discussions. On the topic of sustainable agriculture and supply chain, Johannes Boch from the HSG Hub São Paulo asked the speakers how they imagined a structure of public private partnership and collaboration in governance that creates impact and whether they had some best case examples.  During the same panel, students from the University of São Paulo sent a question to José López, Executive Vice President of Nestlé, about the concept of fairness when talking about shared value. The last panel dealt with the question of water scarcity and potential solutions. Here, Johannes Boch directed a question at Mr. Brabeck-Letmathe, Chairman of Nestlé, on how a world of a "self-sufficient" man who is consciously using resources is in agreement with growth strategies and capitalism and whether he thinks that big cooperations need a business model that focuses on sustainable economic development.

The event was an excellent opportunity to bring academia and business closer and to further strengthen the connections of the University of São Paulo with local Brazilian entities. 

For more photos check out our album.

Attendees

During the conference

Representatives of the different institutes


Tuesday, October 7, 2014

SITAWI - Novo chamada

Chamada para Empreendimentos Socioambientais! O novo deadline para inscrição dos projetos é dia 12/10 (domingo)

Monday, October 6, 2014

WomanChangeMakers Fellowship Position


Program: WomanChangeMakers Fellowship Brazil

Position: Country Manager (Consultant/Part-time/Long-term mandate)

Country of work and residence: Brazil – Based preferably in Sao Paulo

Only candidates residing in Brazil with fluent Portuguese and a solid Brazilian network will be considered for this position.

Preferred starting date: 3 November 2014

Pensum: 30 hours/week

______________________________________________________________

Opportunity:

WomanChangeMakers is a Fellowship program of the Womanity Foundation that focuses on identifying, supporting and connecting social entrepreneurs (men or women) who head organizations that work for women’s empowerment, address systemic gender inequalities and positively transform society (www.womenchangemakers.org). By focusing on how social entrepreneurs solve problems and help build their communities we aim at helping them catalyze their social impact and scale up their organization.

We believe in the value of anchoring our WomenChangeMakers program in the specific reality of the target countries (presently Brazil and India). Together with our WomenChangeMakers Fellows we elaborate goals that will motivate local professional partners to support the Fellows’ development and growth. Local and global collaborations with thought leaders, social and business entrepreneurs, as well philanthropic, social investment and academic institutions are core to our approach.

In order to grow our team and further consolidate the WomanChangeMakers (WCM) program in Brazil, the Womanity Foundation is looking for a part-time Country Manager to implement all aspects of our program and enhance the impact of our Fellows. The Country Manager will be tasked with elaborating strategies of growth with and for our Fellows in Brazil; assisting them in identifying their key needs to realize such growth; creating strategic collaborations with relevant professional experts and partners; and supporting the Womanity Foundation’s efforts in measuring and communicating the impact of our Fellows and of our program. The new Country Manager will be required to significantly expand the existing strategic partnerships and opportunities for our Fellows, and to animate the Fellowship to the benefit of its members.

Responsibilities include: assessing WCM Fellow’s needs and identifying adequate solutions to address these needs; engaging experts and professional partners; facilitating and strengthening the relationship between the WCM Fellows and the professional program partners; cultivating the relationship with existing and newly acquired WCM professional program partners; developing a results-based action plan for the WCM Fellows and the WCM program in Brazil; supporting monitoring and evaluation efforts and inputting to an impact-based reporting process on progress made by the Fellows and the WCM Fellowship program; building a pipeline of candidates for the WCM Fellowship; representing WCM in the relevant fora and meetings with the aim of increasing its visibility and connections for the benefit of its Fellows and of their social impact; organizing events and meetings as relevant for the Fellows, professional partners and other stakeholders; producing quarterly newsletter and other relevant PR materials and communications.

The Country Manager will report to the Womanity Foundation’s Executive Director.

Location, Qualifications, Skills and Core Competencies Required:

The person may be located in preferably Sao Paulo (or Rio de Janeiro) and should possess excellent spoken and written Portuguese and English language skills. The candidate will have demonstrated a passion for social change, as well as the ability to work with a cross-cultural and international team. We are looking for a pro-active individual with high motivation to work towards supporting social entrepreneurs who accelerate progress for women.

Only candidates residing in Brazil with fluent Portuguese and a solid ties to the Brazilian social development sector and associated networks will be considered for this position.

Competencies and Skills required:

Minimum of 5 years experience working in the social development sector (mid-level), preferably with an experience in the women’s empowerment field;
Extensive and positive relations with Brazilian citizen, corporate and public sectors;
Excellent skills in building partnerships and interfacing with external stakeholders;
Strong communicator and persuasive deal-maker;
Strong writing and PR skills;
Excellent organizational skills;
Experience in reporting, monitoring and measuring social impact and reporting;
Ability to work in a virtual team (via skype, e-mail etc.);
Travel availability, in particular within Brazil.

The Womanity Foundation offers a competitive monthly salary for 30 hours x week. The salary offer will reflect the applicant’s experience and qualifications. The Womanity Foundation invites applications from candidates regardless race, gender, sexual orientation, age, disability or religion.

Application Process:

Please email your resume and a motivation letter, outlining how your skills and experience meet the qualifications of the position and what motivates you to apply, to Andrea Piazza, andrea@womanity.org, subject line “WCM Country Manager Brazil”. Please also include three references.

Application deadline: 10th October 2014

Tuesday, September 23, 2014

Chamada para Empreendimentos Socioambientais


Ótima oportunidade para empreendedores acessarem recursos financeiros para seus empreendimentos sociais e ambientais! Evento gratuito


Este evento faz parte da Chamada para Empreendimentos Socioambientais. Uma convocação pensada para organizações e negócios socioambientais – com ou sem fins lucrativos – que enfrentam desafios de financiamento, geralmente maiores do que empresas tradicionais. 

Rio de Janeiro: 24 de setembro
São Paulo: 25 de setembro

Os especialistas convidados são:
Débora Basso, Coord. de Busca & Seleção de Negócios da Artemisia
Daniel Izzo, Sócio co-fundador da VOX Capital
Leonardo Letelier, CEO e fundador da SITAWI - Finanças do Bem

Esta chamada visa apresentar diversos tipos de soluções financeiras para essas organizações, em especial o empréstimo socioambiental. Acesse e entenda mais www.chamada2014sitawi.net

Thursday, September 11, 2014

Thanks to Nicolaj Tofte Brenneche for the contribution on "Sustainable Business Education"

Thanks to Nicolaj Tofte Brenneche for the contribution on "Sustainable Business Education"


As a researcher of the integration of humanities, arts and social sciences in management education, I’m always interested in how people think and talk about change. And transformation, innovation and change are very much in the air in higher education today, and especially in business education. Management educators face a host of pressures – including a growing chorus of critics, demanding that business schools better prepare the next generation of business leaders to engage with the pressing societal issues of our times.


As a European participant in the Aspen Undergraduate Business Education Consortium, I had a unique opportunity to get a first-hand look at how the relationship between business education and society is being discussed in the U.S., and how this differs from the European discourse. Distinguishing how American and the European educators think and talk about change in management education gives us the opportunity to build on the best of each approach.

Simply put, in a European context, we tend to focus on institutional change as a way to renew business school education. In the U.S., emphasis is put more on individuals making changes.

The focus on entrepreneurial initiatives within U.S. business schools comes with several advantages. A remarkable accomplishment by a business leader, a professor, a dean or a student inspires us all – and makes for a great story. Moreover, entrepreneurial initiatives can be an effective avenue to drive change – especially when faculty members are faced with the bureaucracy of large academic institutions. At times, however, the benefits of celebrating individual accomplishment come at the cost of losing sight of higher order engagement.

As it happens, an analogy can be found in what we actually teach students. Many business ethics courses and textbooks are guided by an aspiration to strengthen the moral integrity of the individual business student. While certainly an admirable goal, this approach risks neglecting rigorous investment in learning the ethical wisdom built into how institutions have been created, reformed and dismantled over time (in e.g. the field of accountancy, regulation of financial markets, labor union structures, environmental acts, and many others). We need to attend to such collective levels of engagement not only in how we teach business students about how business and society are intertwined, but also in how we ourselves problematize and pursue reform agendas in the business education sector.  

We might, therefore, attend more ambitiously to the many questions pertaining to an institutional level of engagement including the way we construct systems of quality assessment of business education, how we organize research environments, how we evaluate career performances to embrace more interdisciplinary and problem-based research agendas, and so forth. We need to ask ourselfes how the institutional frameworks of business schools today help deliver on rethinking the commitment of business education to creating societal values? How might we conceptualize such values? How does the conventional ‘core curriculum’ of business education reflect such commitments? What are the main levers of institutional commitment that will push systemic innovation?

In Europe, such questions tend to be more frequently asked than I found in (my admittedly brief encounter with) the U.S. discourse. Originating from Denmark and now living and working in Switzerland, I have been exposed to business school settings marked by clear societal commitments. This is immediately visible in a high share of tax funding and political involvement in the strategic governance of the business schools. But more profoundly, the commitment to societal values reflects deeply rooted ideas about the political, cultural and economic intertwinement of business and society. A flipside of the coin is a tendency to become custodians of tradition and convention rather than curating new ideas and programmes. We too struggle with balancing entrepreneurial action with societal cohesion.

Juxtaposing the U.S. and European debates on the future of business education, it is clear to me that we depart from very different traditions and cultures. Historically, many impulses of business school reform have travelled from the U.S. to Europe. However, at the current moment, marked in part by the Aspen Undergraduate Business Education Consortium, a new type of conversation across the Atlantic might be staged. In such a conversation, the U.S. spirit of entrepreneurship and the European commitment to values of society might prove to be a powerful combination – allowing us to pursue the revitalization of business education as both an entrepreneurial and societal project. The stakes are too high to choose just one approach and ignore the other.

Monday, September 8, 2014

Announcing today: WEF Report "From Ideas to Practice, Pilots to Strategy" & Mapping of the Impact Investing Sector in Brazil

Dear friends and colleagues,

We are pleased to announce that our initiative, the "Impact Investing Latin America Knowledge Platform" (IILA) was chosen as a best practice example in the most recent Impact Investing report "From Ideas to Practice, Pilots to Strategy" published by the World Economic Forum.

The featured article examines the question of "How Universities Can Promote Multidisciplinary and Cross-cultural Collaboration in Impact Investing" by exploring the case of the University of St.Gallen (Switzerland) and Insper (Brazil). Besides describing the role that universities can play, the article gives insights into the current front-line projects and initiatives that are carried out through the Impact Investing Latin America Knowledge Platform (IILA) in Brazil. In the article you will also find our thoughts on the challenges of a cross-cultural cooperation and recommendations for other business schools that are interested to be active in Impact Investing.

For more information on the Brazilian Impact Investing market, check out the "Mapping of the Impact Investing Sector in Brazil", a study prepared by ANDE, LGT-VP, Quintessa and the University of St.Gallen.

The study was also covered by the newspaper Folha de S.Paulo "Cresce investimento de impacto no Brasil" (in Portuguese).

With our warmest regards and wishes for a successful week

Angélica Rotondaro
Johannes Boch
Paulina Widmer

É com prazer que a anunciamos o lançamento da Chamada para Empreendimentos Socioambientais 2014 do SITAWI. Acesse www.chamada2014SITAWI.net

A Chamada2014 é uma iniciativa que visa divulgar alternativas de acesso a recursos financeiros para organizações com missão social e/ou ambiental.
Adicionalmente, busca identificar organizações e/ou negócios que possam se beneficiar do apoio da SITAWI, em especial por meio do Empréstimo Social com aconselhamento estratégico.

No site da chamada, organizações e negócios socioambientais (com e sem fins lucrativos) encontram mais informações sobre os instrumentos financeiros que podem apoiar o desenvolvimento e a operação de sua organização.

Organizações que identificarem a necessidade de recursos para alavancar seu impacto social ou ambiental, poderão se inscrever na Chamada2014 até dia 05 de outubro.
As inscrições serão analisadas pela SITAWI, que entrará em contato com as organizações para indicar o instrumento de apoio mais adequado a cada uma delas, seja ele disponibilizado pela SITAWI ou por algum de seus parceiros.


Friday, August 22, 2014

Our third Conference on "Impact Investing in Brazil: from Margin to Mainstream"


The third conference on Impact Investing From Margin to Mainstream took place on the 14th of August 2014 at Nestlé’s Auditorium in São Paulo

The event was organized by the University of St.Gallen (HSG) Hub São Paulo in partnership with Insper and the Sustainability Committee of the Swiss-Brazilian Chamber of Commerce. It counted on the support of Nestlé Brazil and the institutional support of ICE, NESsT, Endeavor Visão de Sucesso, BMW Foundation, ACG Brasil, Sitawi, and the General Consulate of Switzerland in São Paulo. 

Abigail Noble (World Economic Forum)

This year’s event brought together around 200 attendees, among which were the main players in the Brazilian Impact Investing ecosystem: entrepreneurs, family offices, investors, representatives of Impact Investment funds, accelerators, and academia. They got together in order to discuss their perspectives on how to bring Impact Investing from the margin to the mainstream in a practice-oriented fashion. 

Following the welcome addresses by Thomas Bieger (University of St.Gallen) and Claudio Haddad (Insper), the master of ceremony Stephan Buser (Swiss-Brazilian Chamber of Commerce) proceeded to the official opening of the conference. The first block consisted of keynote speeches by Abigail Noble (World Economic Forum) on the conference’s main topic Impact Investing: from the Margin to the Mainstream, followed by Wolfgang Reichenberger (Inventages VC) on Impact investing as an attractive area for institutional investors & family offices. Afterwards, Rebeca Rocha (ANDE) did the pre-launch of the Impact Investing Scenario Brazil Mapping, followed by Frédéric Kuonen (University of St.Gallen) who presented the outcomes of his master research on the Post-investment involvement of Brazilian impact investing funds, and Johannes Boch (University of St.Gallen) who introduced the concept of the Impact Investing Latin America Knowledge Platform – IILA being hosted by the University of St.Gallen hub office,  and Sérgio Lazzarini (Academic Director at Insper) who introduced and launched the Insper METRICIS initiative which aims at assessing and measuring impact. 

The second part of the conference aimed at sharing experiences of new business arrangements in Impact Investing in Brazil. Two innovative cases were presented: Ana Luísa da Riva (Instituto Semeia) about the importance of pro-actively managing national parks in Brazil and the case of Rota Lund (in Minas Gerais) in which they are applying a public-private partnership with a series of compensation bonds; and Guilherme Cintra (Gera Venture) presented the Gera Venture experience in measuring impact in the area of education. Both presentations were followed by a Q&A session.

After the networking coffee break, Gilberto Socoloski (APEX) presented APEX Brasil and launched the call for  the “Segunda Rodada de Impact Investing Apex” – a second round of impact investors and potential businesses round, for which entrepreneurs can subscribe to until the end of August 2014. 

The last block consisted of two panel discussions. The first one was moderated by Angélica Rotondaro (University of St. Gallen) focused on How companies and privately owned foundations can promote Impact Investing initiatives by enabling local cluster development. Mônica Neves (Nestlé), Luis Fernando Laranja (Ouro Verde Amazônia), Tiago Biusse Ghion (Fundação Jari) shared their best practices in looking into their value chains and identifying opportunities for engaging small producers either as part of an their inclusive business or shared value strategies; and Joaquim Cordeiro (BNDES - DESOL) introduced their main lines of financing linked to local development of for SMEs that would like to increase production lines in order to optimize their position in the value chain. 

Andrea Minardi (Insper) moderated the second and final panel discussion on how to invest in impact investing projects and what advantages it brings, in which Filipe Borsato (BNDES-Par), Ana María Aristizabal (Bamboo Finance), and Daniel Izzo (Vox Capital) took part. The conference concluded with an intense discussion between the speakers and the audience on mechanism for investing in businesses with high social and environmental impact. Right after the second panel, Sergio Lazzarini (Insper) did the conference wrap-up.

By combining keynote speeches, real-life cases and panel discussions, the third Impact Investing conference ensured a well-balanced program. The event set an additional milestone for the further development of the impact investing ecosystem in Brazil by providing the platform for the players to meet and interact, and by contributing to raising awareness and spreading knowledge about Impact Investing.

The presentations, reports, photos and videos of the event will be available on www.impactinvesting.com.br

Thursday, July 31, 2014

4th Edition of the Social and Solidarity Economy Academy (2014)


The 4th edition of Academy on Social and Solidarity Economy will be held in Campinas, Brazil, from Monday 28th July to Friday 1st August 2014, with the topic "Social and Solidarity Economy: towards inclusive and sustainable development".

The HSG Hub will participate in the panel discussion on how to promote Social and Solidarity Economy Organizations (SSEOs) in the value chain to foster inclusion and sustainability, which will take place on the 30th of August. 

The event counts with the support of BNDES, Sebrae, Facamp, and the Secretaria da Economia Solidária do Ministério do Trabalho. 

For more information, please refer to their website here.
 

Tuesday, June 24, 2014

Não há metodologia de avaliação de impacto de negócios sociais que sirva para todos os casos, dizem especialistas

What is best pratice methodology to assess social or environmental impact in investments? Should it be qualitative or quantitative? Or even something else?


The HSG Hub São Paulo thinks that the answer always depends on the needs of the projects. Consequently, the methods are as numerous as the problems that can be challenged by Impact Investing.

The short article by the IDIS (Instituto para o Desinvolvimento do Investimento Social) resumes the the panel discussion at the "Fórum Braileiro de Financias Sociais e Negócios de Impacto" in which the HSG Hub São Paulo successfully participated.

Tuesday, June 10, 2014

Webpage for Impact Investing in Latin America - IILA

We are super happy to announce our brand new website where you can find all the information regarding impact investing in Latin America: http://www.impactinvesting.com.br/

Make sure to check it out and to subscribe to our newsletter to be up-to-date with upcoming events and recent news on impact investing!

Wednesday, June 4, 2014

Finally it's official!!

We would like to invite you to the 3rd edition of our Impact Investing Conference on the 14th of August 2014 in São Paulo.

This years topic is going to challenge the question how to mainstream Impact Investing.

Stay tuned for the debates on how to engage new stakeholders, best pratice approches and what is happening at the front-line!

See you in August.



Wednesday, May 28, 2014

Job opportunity in the area of Social Finance and Impact Business


Job Description

Area: Social Finance and Impact Business

As a volunteer of Instituto de Cidadania Empresarial (ICE), you will need to understand Impact Investing and Social Finance and to research about this theme. The volunteer will analyze context and what is happening around the world in this field, particular emphasis on G8 Social Impact Investment Task Force and contribute to the Brazilian Task Force. Thus, the activities will be divided into three main areas:

1) Study the G8 Task Force Resolutions: Read what is happening in their 3 major resolutions and its studying group, and make summaries. The volunteer will need to read the resolutions of the study group on measuring impact, recommendation on the framework for social business and the amount of development bank investments.
2) Website structure: The volunteer will review different social finance websites and recommend an architecture for the Brazilian Task Force website.
3) Fund-raising: The volunteer will help to translate the fundraising proposal for the Brazilian Task Force two-year plan, and to map potential foundations to fund it.

We are looking for volunteers with good level of English and good writing skills and that can stay for at least 3 months. The minimum workload is 4 hours per day. Early stage on Portuguese would be recommended.

Ps: We offer a room inside ICE with no costs.


If interested, please contact Maria Amelia Sampaio: mariaamelia@ice.org.br