Total Impact Summit 2022 Convenes 300+ Local & National Impact Stakeholders
OVERVIEW: TOTAL IMPACT SUMMIT 2022
Total Impact Summit 2022 convened 300+ thought leaders and practitioners from across the United States on May 16–17, 2022 in Philadelphia. The two-day event featured 75+ speakers across 25+ sessions, connections, conversations, insights, and best practices at the forefront of a growing impact investing field. The summit was hosted by ImpactPHL, in partnership with SOCAP Global and with the support of dozens of partners.
COVID, Climate Change, and Racial Justice Highlight the Growing Need to Align Financial Assets with Values and “Shift From Rescue to Resilience”
On May 16–17, 2022, ImpactPHL convened 300+ investors, foundations, family offices, asset managers, and thought leaders at Total Impact Summit, for two days of reflection, connection, and discussion of concrete next steps to accelerate the growing impact investing community in Greater Philadelphia and beyond. The content themes of climate and health innovations, impact and regenerative investing, investing in place, racial and economic justice, reimagining new economies, and highlighting current investable opportunities led to conversations highlighting how far we’ve come vs. how far we’ve yet to go; the tension between a ‘just do it’ approach vs a ‘take the time to do this right, and therefore slowly’; and how the roles of asset managers and other financial intermediaries must shift from a practiced neutrality to one of proactive engagement.
The core theme heard throughout was the need to keep expanding the movement and using the power of finance to address the racial, economic, climate, and other systemic problems that “business as usual’ capitalism has created — and how driving capital beyond ‘traditional’ investments and directly into our local communities is a critical step. Amy Cortese from ImpactAlpha opened Day 2 with an observation that we tend to worry about local economies only after a crisis, like the 2008 recession and during the pandemic, but then we forget about it…until the next crisis. “In order to build resilient local communities, we need to shift our mindset from “rescue” to “resilient.” This is how to avoid crisis mode altogether,” she said, underscoring the need to include place as a criteria for how we evaluate and prioritize our investing decisions.
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