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All Sophie Robé wants is 5%.
Out of the €11 trillion (US$13.6 trillion) expected to be represented at the 4th Impact Summit Europe this week in The Hague, that could be real money to meet the global Sustainable Development Goals for 2030.
By organizing the event, Robé, the founder of Phenix Capital, an impact investing advisory firm in Amsterdam, has positioned herself as a convener of the leaders in the emerging practice of "SDG investing." The 17 global goals, which call for an end to extreme poverty, universal access to education and energy and action on climate change, have become a guide to both risk-reduction and growth opportunities for a growing subset of major institutional investors.
Robé said she will challenge the 300 investors and managers in the room in her opening keynote: “If everyone here put just 5% of their discretionary assets to work with the SDGs we will already be able to catalyze more than €500 billion (US$617 billion). Can we do this?”
Among the supertankers of global finance who have been first to shift are California public pension funds, Australian and New Zealand “superannuation,” or retiree, funds, insurance and reinsurance funds and sovereign wealth funds, particularly Norway’s, which at $1 trillion is so massive as to qualify as a category unto itself. Ted Eliopoulos, head of investments for CalPERS, the $357 billion pension fund for California public employees, recently called the SDGs a “gift to investors.”
Read the full article about the European supertankers of finance's plan for SDGs by David Bank at ImpactAlpha