ImpactAlpha Open | September 26, 2023

ImpactAlpha Open: Climate Week takeaways + remembering Suzanne Biegel

Dennis Price

Get a weekly pulse on news and trends in impact investing with our free newsletter.

*I agree to receive marketing emails from ImpactAlpha, its affiliates, and accept our terms of use and privacy policy.
By signing up you agree to receive marketing emails from ImpactAlpha Inc. and accept our Terms of Service and Privacy Policy.
ImpactAlpha Editor

Dennis Price

Greetings, Agents of Impact,

Impact- and gender-lens investing lost a champion last week. Suzanne Biegel, founder of GenderSmart (now part of 2X Global), passed away in London, surrounded by friends and family.

“She spoke her convictions without filter or fear; she tapped her deep sense of purpose in shaping a field; she inspired so many to find their courage and convert it to action,” wrote Laurie Spengler, among hundreds of testimonials (see ImpactAlpha’s tribute to Suzanne, below).

In this week’s Open:

  • Remembering Suzanne Biegel
  • Climate Week takeaways
  • Three tips for measuring impact
  • Growth in UK impact investing

Let’s get to it. – Dennis Price

Must-reads on ImpactAlpha

Sponsored by Hope Credit Union

Invest in your future and improve lives in the Deep South

When you make a transformational deposit, you’re making a socially responsible investment that enables Hope Credit Union to provide critical financial resources to individuals, students, families and business owners in some of the most impoverished regions in the country.

  • Transformational deposits. Your deposit is federally insured up to $250,000, with a guaranteed return. Transformational deposits power life-changing economic opportunities for low-wealth, underbanked communities. HOPE offers two flexible options: a certificate with terms of 12 to 60 months, and a money market account that lets you access your funds up to six times per month.

Agents of Impact

🏃🏾‍♀️ People on the move

  • Kristi Cunningham Whitfield, ex- of the DC Department of Small and Local Business Development, will join Nathan Cummings Foundation as its chief impact officer and director of racial justice.
  • Drawdown Fund, managed by Tiger Grass Capital, hired Lisa Schule as managing director.
  • Luminate promoted Toyin Akinniyi to vice president of Africa.

Impact Briefing

🎧 On the podcast

David Bank is joined by Marjorie Kelly of The Democracy Collaborative, who challenges impact investors to “move beyond the portfolio level, imagining together the broader, deeper, truly radical changes we need, including in policy and culture.” In her new book, “Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today’s Crises,” Kelly asks, “How do we shift the role of capital so it’s no longer in charge of, but in service to, the public good?” Host Monique Aiken has the headlines. 

Short Signals: What We’re Reading

🇬🇧 UK impact investing grows 18%. Social impact investing in the UK grew by nearly a fifth last year, increasing to £9.4 billion, from £7.9 billion in 2021. Investment in the sector has increased more than ten-fold since 2011. (Big Society Capital)

💸 Greening corporate cash. Corporations’ cash holdings can significantly add to their total greenhouse gas emissions depending on how their banks manage their holdings. A new guide outlines seven actions climate-leading companies can take to assess and curtail emissions. (Exponential Roadmap Initiative)

⚡ 20 million heat pumps. A coalition of more than two dozen US state governors announced a push to reach 20 million deployed heat pumps by 2030. That would represent a quadrupling from 2020 of the number of installed heat pumps. (CNBC)

Get in the Game

💼 Step up

  • Morgan Stanley seeks a sustainable real assets senior associate or vice president. 
  • Tides seeks an impact investing vice president.
  • Nuveen is recruiting an impact investing associate.

NEW FEATURE: Visit ImpactAlpha’s Career Hub for more impact investing jobs. Contact us for job postings.

🤝 Meet up

Don’t miss these ImpactAlpha partner events:

SUBSCRIBE to access substantial discounts on partner events.

Partner with us, including by sponsoring this newsletter. Get in touch.

Get ImpactAlpha for Teams. Save with substantial group discounts. Start here