This post is a combination of a presentation that was used in my talk at the Jindal Global University hosted by The FInal Stand on October 6, 2022 and a discussion on Public Policy and Procurement hosted at the Procurement League on September 29, 2022.
Part 1: Inclusive Investments - Presentation at The Final Stand, Jindal Global University
A lot of people, both business owners and students, are looking at socially responsible business models - essentially the models that are sensitive to the Sustainable Development Goals (SDGs). Despite a lot of talk, there is little agreement and understanding about what are the processes and practices of including sustainable development goals into business models.
In this presentation made at the Jindal Global University, in a discussion session hosted by The FInal Stand I lay out the concept of inclusive investments, the various perspectives on inclusive investments, and discuss inclusive investment strategies.
Downlaod the presentation:
The three most important visuals from the presentation, are as follows:
Leverage Points for Sustainable Development
The essential point I am making here is that the greatest leverage points for sustainable development in a capitalistic society (which, whether you like it or not, we all are living in) are (a) consumer incentives and values, and (b) producer incentives and values. To bring about sustainable development, every stakeholder, whether the government, or the media, or industries, or investors, are either attempting to change the values and incentives for the consumers, or the producers. Changing producer incentives via the investors, is one of the most effective routes of getting closer to the SDG agenda.
2. Inclusive investments, but where?
At what level should inclusive investment principles be incorporated? The answer to this question is (a) at the level of the fund, i.e., in the design of the fund, (b) in each investment portfolio managed by the General Partners of the Fund, and (c) at the board level of the organizations where the investments are being made. Once that is done, then it can be reasonable expected that the values and incentives will be aligned in a manner that leads the producers to work in a manner that promotes the SDG agenda.
3. Anatomy of Inclusive Investment Strategies:
Inclusive investment strategies need to be rooted in the tenets and prescriptions of what is called "results based management" (RBM). The inclusive investment principles can be operatinalized by identifying clear research based (anchor studies based) System Level Objectives (SLOs) which are further broken down into multiple specific objectives based on SMART papameters (specific, measurable, achievable, relevant, and time bound). The measures are based on clearly defined baseline (current comparison standards). Finally, a clear data collection strategy is needed to source valuable data on each performance parameter.
If all this seems a little technical, I do break it down in my lecture.
Part 2: Public Policy and Procurement at the Procurement League
In this discussion, hosted by the Procurement League, I discuss what sustainable procurement really looks like and actually means. In private and public sectors, sustainable and equity based procurement is going to be an area of great focus and concern for investors and governments alike. This talk gives a brief overview of the fundamental mental models required for procument managemers and experts to incorporate sustainable procurement practices in their organizational strategy.
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