Week 5: Mapping Emerging Alternative Economic & Monetary Systems
The role of impact investing & your role in the change.
Welcome to week 5! This week is all about growing our awareness about the alternative ways to create impact, tend our economies, & channel money. Unfortunately, we won’t have time to introduce you to all of the different things that are being discussed & practiced out there - and we want you to at least have one or two ways that help you navigate the bigger picture of finance systems change. This will involve your own exploration of what is out there and sharing with the rest of the cohort. What are organizations, ideas, and initiatives that are alive in making impact happen across the field?
This week’s community call will give us another chance to connect to our role in the change, feel where we have clarity & questions that pull us forward. Join us to discuss and to explore the possible realities that are being created and acted upon so that we can get inspired for our own work. We count on your participation.
We also recommend you to make it to this week’s skill sessions with 👩🦰Lisa Hayles and 👦David Carlin! Lisa explains one of the best tools asset managers have to make change possible by using engagement and shareholder resolutions to advocate for issues. David will further explore what Leon mentioned last week when it comes to risk in the financial system and how without change our system is headed for collapse.
Recommended Resources:
🎞 The 3 Horizons Model - Kate Raworth (video, 7 min)
📜 Funding the Third Horizon - Cassie Robinson (article, 7 min)
And here an extended list of alternatives we really appreciate
We'd also love to give you the chance to do a little deep dive into one of them. Here is one example deep dive for an emergent alternative practice in the space of economic relalities.
Example Extra Deep-Dive: Degrowth
What is clear is that the current system does not do enough to solve our global issues.Impact Investing has a major role to play because it prioritizes Impact over Growth.
We are wondering how degrowth can be intertwined with this, how impact investing could even fund a paradigm that isn't focus on growth.
There is no agreed definition of degrowth, but at its most basic it is ‘a planned reduction of excess energy and resource use to bring the economy back into balance with the living world in a safe, just and equitable way’ (Hickel, 2020). This can mean reducing economic activity in areas we deem socially or environmentally harmful whilst expanding others we deem socially necessary.
🎬“Degrowth explained” 2015 - Grist (video, 5 min)
📄What is Degrowth - (website)
📕 Less is More: How Degrowth will Save the World, 2021 - Jason Hickel (book except)
🎇Principles of Degrowth - Timothée Parrique (Post)
Additionally, we’ve been invited to some great partner events from the Cleantech Open Accelerator, and the Finance for Biodiversity (FfB) Foundation. Be sure to check out our Fall Events Overview for a current listing of all events we’ve created and curated for you (the recordings are linked here as well).
📹 Week 5 Recordings
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