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An Urgent Call to Put Social and Environmental Impact at the Heart of Our Economies
Environment Sep 17, 2020
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Lindsey Wasson/Getty Images More than 250 CEOs, business leaders, philanthropists, and government figures have signed the following open letter calling for urgent action toward a just and impact-led Covid-19 economic recovery. It is the result of the Global Steering Group for Impact Investment’s 2020 Global Impact Summit. To the leaders, finance ministers, and central bank governors of the Group of 7 and Group of 20: The Covid-19 crisis has created an urgent need for a just, impact-led recovery that serves all people and preserves our planet. It presses us to change our ways, so that we can better address the great social and environmental challenges ahead of us. To save billions of people from greater hardship, it is urgent that we bring impact to the heart of our economies and put the following into action: 1. Scale impact investment to combat unemployment, reduce inequality, and preserve the environment Introduce incentives to accelerate impact investment, which seeks social as well as financial returns in order to create sustainable jobs, advance education, improve health care, and fund the expansion of nonprofit organizations that support the most vulnerable. Spur investment into small and medium-sized impact-driven businesses and high-growth impact ventures in developed […]
