GIIN launches impact investing coronavirus taskforce
13 May 2020 at 5:55 pm
“We must lean into this moment and into this leadership role to help address the needs arising from the current global crisis,” impact investing leader says.
Impact investing giants from across the globe are joining forces to fight the devastating and widespread economic and social consequences of COVID-19.
Launched by the Global Impacting Investing Network (GIIN) on Wednesday, the Response, Recovery, and Resilience Investment Coalition will identify opportunities to invest in health interventions and access to capital, and will direct new capital to fill coronavirus financing gaps.
It will also share learnings, insights, and resources with the wider investing community to inform and support longer-term economic recovery and resilience efforts.
Amit Bouri, the GIIN’s co-founder and CEO, said that impact investors had been at the forefront of driving collective action towards solving some of the world’s most pressing challenges, and COVID-19 was no different.
“We must lean into this moment and into this leadership role to help address the needs arising from the current global crisis,” Bouri said.
“The GIIN and our R3 Coalition partners are committed to driving progress forward, and together, our efforts will not only help communities around the world weather this storm, but also emerge with a renewed commitment to building a more inclusive and resilient system over the long-term.”
The coalition is made up of a number of high profile networks, including B Lab, the US Impact Investing Alliance, the European Venture Philanthropy Association (EVPA), and the India Impact Investors Council.
It has also received financial support from leading foundations such as the David and Lucile Packard Foundation, the Ford Foundation, and the Catherine T. MacArthur Foundation.
Find out more about the coalition here.