This document summarizes a presentation by Piet Colruyt about impact investing. It begins with an introduction where Colruyt discusses coming to see himself as a "priest, philosopher, promoter" of impact investing. It then covers the topics of what impact investing is according to terminology and Colruyt's personal journey to discovering the field in 2010. Examples of impact investments are provided without financial details. The document concludes with an overview and leaves space for questions.
1. About Impact Investing
A personal journey
Presentation “Next Gen Academy”
KBC Private Banking
23rd of October 2012
Piet Colruyt
Impact Capital
2. About Impact Investing – A personal journey
Overview
Introduction
A personal journey ?
Content
Impact Investing ?
Inspiring Examples ?
Conclusions
Questionable Conclusions ?
Q&A
Impact Capital
3. About Impact Investing – A personal journey
Introduction – a personal journey “Choosing = losing” ?
Colruyt family:
• Commercial
• Engineers
• Artists
• Priests / Philosophers
And me ?
Who am I ?
Impact Capital
4. About Impact Investing – A personal journey
Introduction – a personal journey “Who am I ?”
I’M . . . .
Impact Capital
5. About Impact Investing – A personal journey
Introduction – a personal journey “Coming out”
2012 = Time to out
• Not as an Artist
• Not as an Engineer
• Not as a Commercial
• As a Priest / Philosopher / Promotor (3P’s)
… to promote Impact Investing
Impact Capital
6. About Impact Investing – A personal journey
Overview
Introduction
A personal journey ?
Content
Impact Investing ?
Inspiring Examples ?
Conclusions
Questionable Conclusions ?
Q&A
Impact Capital
7. About Impact Investing – A personal journey
Content – Impact Investing “Terminology”
Impact Investing
• “Impact investing is an investment strategy whereby an investor
proactively seeks to place capital in businesses that can
generate financial returns as well as an intentional social and/or
environmental goal” (Wikipedia)
• ° U.S.A. in a report from the Rockefeller Foundation in 2007
• Triple Bottom Line, Blended Value, 3 P’s (People, Planet, Profit)
Charity Social Movement
Social
CSR
Social Business
Enterprises Responsible as usual
Impact Capital
8. About Impact Investing – A personal journey
Content – Impact Investing “Finding out”
2010 = time to find out
• In 2010 only, I discovered “I’M….” & “I . . ACT” & “I M P A C T”
• In 2010 only, I discovered this “Impact Investing” universe
• In 2010 only, I discovered “social entrepreneurs” & www.ashoka.org
• In 2011, I discovered SoCap Amsterdam, where I saw a big difference
IMPACT FINANCE Business
Charity IMPACT INVESTING
FIRST FIRST as usual
Impact Capital
9. About Impact Investing – A personal journey
Content – Impact Investing “Finding out”
The big question since 2010…
Is there a trade off between profit & social return ?
• I’m not 100% sure about the answer
• What I know for sure:
• Not every “Business as usual” has positive (financial) returns ;-)
• Not every “Impact First Investment” is limited to 3%
ROE +0% ROE +3% ROE +6% ROE +12%
ROE -
∞ %
IMPACT FINANCE
ROE >15%
Charity IMPACT INVESTING
Business
FIRST FIRST as usual
Impact Capital
10. About Impact Investing – A personal journey
Content – Impact Investing “Inspiring examples”
The big question… Is there a trade off between profit & social return ?
The big discovery… I’m an Impact Investor long before SoCap 2011
www.apopo.org www.oyacvba.be www.afripads.com www.korys.be
www.heerlijckyt.org www.triodos.be www.3E.eu www.colruyt.be
www.infirmiersderue.be www.i-propeller.com www.storm.be www.re-vive.eu
www.speelOdroom.org www.ethicalproperty.eu www.cleanenergyinvest.be
www.livingstones.be Impact Capital www.cafedefiennes.be
www.mobileschool.org www.streetwize.be www.evavzw.be www.tblcapital.com
IMPACT FINANCE Business
Charity IMPACT INVESTING
FIRST FIRST as usual
Impact Capital
11. About Impact Investing – A personal journey
Content – Impact Investing “Inspiring examples”
The big question… Is there a trade off between profit & social return ?
The big discovery… I’m an Impact Investor long before SoCap 2011
7 most inspiring examples…
IMPACT FINANCE Business
Charity IMPACT INVESTING
FIRST FIRST as usual
Impact Capital
12. About Impact Investing – A personal journey
Content – Impact Investing “Inspiring examples”
The big question… Is there a trade off between profit & social return ?
The big discovery… I’m an Impact Investor long before SoCap 2011
7 most inspiring examples…
IMPACT FINANCE Business
Charity IMPACT INVESTING
FIRST FIRST as usual
Impact Capital
14. About Impact Investing – A personal journey
Content – Impact Investing “Inspiring examples”
The big question… Is there a trade off between profit & social return ?
The big discovery… I’m an Impact Investor long before SoCap 2011
7 most inspiring examples…
IMPACT FINANCE Business
Charity IMPACT INVESTING
FIRST FIRST as usual
Impact Capital
16. About Impact Investing – A personal journey
Content – Impact Investing “Inspiring examples”
The big question… Is there a trade off between profit & social return ?
The big discovery… I’m an Impact Investor long before SoCap 2011
7 most inspiring examples…
IMPACT FINANCE Business
Charity IMPACT INVESTING
FIRST FIRST as usual
Impact Capital
17. About Impact Investing – A personal journey
Content – Impact Investing “Inspiring examples”
• consultancy in social innovation
• network of 1.400 social enterprises
• work with & for social entrepreneurs
• launch SI² Fund in november 2012:
“Social Impact through Sustainable Investments"
IMPACT FINANCE Business
Charity IMPACT INVESTING
FIRST FIRST as usual
Impact Capital
18. About Impact Investing – A personal journey
Content – Impact Investing “Inspiring examples”
The big question… Is there a trade off between profit & social return ?
The big discovery… I’m an Impact Investor long before SoCap 2011
7 most inspiring examples…
IMPACT FINANCE Business
Charity IMPACT INVESTING
FIRST FIRST as usual
Impact Capital
20. About Impact Investing – A personal journey
Content – Impact Investing “Inspiring examples”
The big question… Is there a trade off between profit & social return ?
The big discovery… I’m an Impact Investor long before SoCap 2011
7 most inspiring examples…
IMPACT FINANCE Business
Charity IMPACT INVESTING
FIRST FIRST as usual
Impact Capital
22. About Impact Investing – A personal journey
Content – Impact Investing “Inspiring examples”
The big question… Is there a trade off between profit & social return ?
The big discovery… I’m an Impact Investor long before SoCap 2011
7 most inspiring examples…
IMPACT FINANCE Business
Charity IMPACT INVESTING
FIRST FIRST as usual
Impact Capital
23. About Impact Investing – A personal journey
Content – Impact Investing “Inspiring examples”
Mission: “We invest to create sustainable value through our
holistic approach, our craftmanship and our commitment”
Impact Capital
24. About Impact Investing – A personal journey
Content – Impact Investing “Inspiring examples”
The big question… Is there a trade off between profit & social return ?
The big discovery… I’m an Impact Investor long before SoCap 2011
7 most inspiring examples…
IMPACT FINANCE Business
Charity IMPACT INVESTING
FIRST FIRST as usual
Impact Capital
25. About Impact Investing – A personal journey
Content – Impact Investing “Inspiring examples”
Impact Capital
27. About Impact Investing – A personal journey
Overview
Introduction
A personal journey ?
Content
Impact Investing ?
Inspiring Examples ?
Conclusions
Questionable Conclusions ?
Q&A
Impact Capital
28. About Impact Investing – A personal journey
Conclusions “Common Good”
SI² + RE³ = WIN5
• SI² = Social Impact through Sustainable Investments
• RE³ = REtail, Renewable Energy, Real Estate
• WIN5 = WIN-WIN for all stakeholders:
• clients
• employees
• shareholders
• suppliers
• mankind (community, environment, future generations,…)
“Common Good”
Impact Capital
29. About Impact Investing – A personal journey
Conclusions “Common Good”
• Peter Barnes: “Capitalism 3.0” or …
IMPACT FINANCE Business
Charity IMPACT INVESTING
FIRST FIRST as usual
Common Good Capitalism 3.0 Capitalism 2.0
Capitalism 4.0
• Nobel Price Winners: Muhammed Yunus, Christian De Duve
• Lehman Brothers or…
• Adam Smith or…
• Just for profit or…
Impact Capital
30. About Impact Investing – A personal journey
Conclusions “Common Good”
• I’M . . . . ?
I
M
P Thank you !
A piet.colruyt@korys.be
C
T
Impact Capital
31. About Impact Investing – A personal journey
Overview
Introduction
A personal journey ?
Content
Impact Investing ?
Inspiring Examples ?
Conclusions
Questionable Conclusions ?
Q&A
Impact Capital