GCU New York analyses social change through finance

19 October 2015

In celebration of Carnegie Council’s Global Ethics Day, GCU New York hosted a conversation exploring how ethics and values can be incorporated into impact investing to create social change and confront international challenges. The panel featured Tania Carnegie of KPMG and Abigail Noble, of The ImPact.

Carnegie, as creator and leader of the Community Leader Strategy, and Impact Ventures - two groundbreaking national strategic initiatives at KPMG - spoke on the social impact of finance and how organisations can leverage their resources and expertise to positively influence the world around them. “Impact investing is gaining momentum with growing recognition of the opportunity to pursue positive social or environmental impact and financial returns at the same time. Profitability is the outcome of doing a lot of things right - business, investors and our community benefit as a result,” said Carnegie. 

Noble, CEO of The ImPact, a non-profit social enterprise committed to helping families (through their family offices, businesses and foundations) make more impact investments moderated the discussion and shed light on how to make investments more effectively. Noble explained, “It’s so important to have universities like GCU, that are committed to providing education for the common good. I am honored to be able to be part of the conversation about impact investing, which is thinking about the role of investment and finance for social good.”

The panelists explored impact investing from both the perspective of a financial institution and from the perspective of an investor, how millennials are impacted and making change. The conversation concluded with how individuals can encourage their employers to make social change a priority.

Cara Smyth, Vice President of GCU New York, said: “Impact investing is an important motivator to create social change. Tania and Abigail’s conversation explored the quest for a global ethic and highlighted how both institutions and individuals can activate for the common good.”

GCU’s New York Town Hall series gathers a range of leaders from various industries and organisations to offer different perspectives on sustainable development and help identify new solutions for the fashion and retail industry and beyond. The driving force of the series is to unite professors and professionals collaborating with industry experts to facilitate new learning which incorporates profitability with ethical, environmental, and social considerations.