In this interview by Mario Fiasconaro, editor of the Impact Investing Newsletter, Ernst von Kimakowitz answers to a broad range of questions including his personal motivations for being active in the impact investing space, realistic expectations on what impact investments can and cannot achieve and some perspectives on the future of this still very young topic.
In summary Dr. von Kimakowitz argues that placed between traditional philanthropy and socially responsible investments (SRIs), Impact Investing offers new opportunities to fuel growth in social enterprises enabling them to enhance the impact they generate. But Impact Investing alone will not solve our social and environmental problems. It can only be one, although important, component and we must stay clear of unrealistic expectations. Furthermore, we face the dilemma that we need more money to fuel growth in social enterprises, but we have to be very selective when it comes to the motivation this money presents itself with.
Therefore he argues, that optimism is warranted only if we succeed in increasing the volume of the investments without losing the focus on impact.
This newsletter edition shows a series of interviews in which the investor's perspective is covered by Juan Carlos Moreno from LGT, the entrepreneur's perspective by Ernesto Moeri , CEO and Chairman of Ecogeo, and the academic perspective is presented in interviews with Sérgio Lazzarini, Academic Director at Insper, Ernst von Kimakowitz, board member of the HSG Impact Investing Platform and Fabian Oppenheimer, from the São Paulo Hub Office of the University of St. Gallen.