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yeah a good morning ladies and gentlemen it's a great pleasure to be part of this session
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so my name's margaret can see of course standard foundation
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for those of you who are not familiar were a foundation
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based in geneva that was developed to shore environmental integrity
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and maximise sustainable development impact in the card in markets close
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to twenty years ago and in those years almost two
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decades our learning zen lessons and best practised says are now
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being applied to working with private equities impact funds and
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increasingly corporates around the world to manage measure and maximise impact
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so before coming to this session today i prepared at standard presentation of
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process of fun certification but on the way here with get inspired so i decided
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to drop it completely and talk to you about real in pack what measurable impact means
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so all of can i see sure we're hands how many of you are in the financial industry
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okay great how many of you are part of
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n. g. o. community and climate change and sustainable development
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great we have a balanced audience so usually when i go did
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speak to financial industry heavy audience as soon as i talk about gold
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standard the metrics the impacts standard
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measurement monitoring baseline setting social safeguarding i
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immediately lose the entire audience and they tend to go to their twister
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their their phones checking on text so i i i would like to get
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your full attention in the next four minutes because i'm not get gonna get
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into the technical details of the methodology but really talk about what managing measuring
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maximising impact means for you and for us and for the communities that were influencing
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so you coming from the financial industry were or investment teams you're looking at
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a project idea you're looking at a concept you're looking at an investment opportunity
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so often a lot of people sort from carbon angle right how many times as you
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to your reducing how many times as you two are you removing from from uh atmosphere
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but if you think about climate protection projects or sustainable development projects and
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for four years they're far beyond carp and of course corbin isn't important measurement
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but they're far beyond corbin and as or call the uh
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introduced nature based solutions have each huge potential on broader impact
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and we talk about this is a huge buzz word right into
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positive impact maximising impact so let me put it in really layman's terms
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by intervening investing in those
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climate protection projects your enabling curls
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to attend schools is that a fetching water miles away or kilometres away
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you're influencing we're meant to be part of intel perot part of decision making in those communities
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your conserving biodiversity which is basis for everybody's daily lives
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you're improving livelihoods you're improving water access
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you're you're supporting building resilience of these communities
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to react to climate disasters to your
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actually your investment decisions your projects structuring your
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a risk profile return profiles actually have
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real impact on people around the globe
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and and in most vulnerable communities right so you have the project idea and you
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have the narrative you wanna tell your
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investor's your shareholders your colleagues your public media
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how your investment is actually impacting those lights how do you get there from project
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decision or perform your decision or investment decision all the way to that measurable real impact
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a lot of people i speak to in the industry says uh we're gonna hire consultants we're gonna hire auditors
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it it almost seems like an added on acts post
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exercise to justify or some say in pack washing the project
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and i i i've seen issued shift in
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the global community especially in the financial industry
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and corporate world that there is no there's less
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and less tolerance around green washing and impact washing
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so that's where people like us gold standard comes into play as partnerships
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to help you manage measure and actually
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maximise those impact and claim that incredible way
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so is it easy no i'm gonna be honest with you it's
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not easy and if you ask or private equity partners they're gonna
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they're gonna give you straightforward answer it's not easy it's challenging first of all there's
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no harm in nice metrics out there that actually fights the industry in one one direction
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you're dealing with lots of reporting requirements are ready
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and there's no there's lack of capacity of course many banks are
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are really enhancing their capacity around yes jeez but yes jeez not enough
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that's an important step towards positive impact but that's merely of waiting
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risk of course that's a good step forward but we need more
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and the data quality is not so great especially in
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those vulnerable communities and regions that your project operates in
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so those are the challenges we still need to tackle and that's why one of those
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a partnership presentation earlier is important because
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it cannot be done just by financial institution
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just by n. g. o.s just by standard bodies it has to be a collective
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effort and again it's not easy because we come from very different cultures
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ensure i'm not saying profit is not important
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i'm not saying risk reduction is not important
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all i'm saying is maximising impact has to be equally important as your
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profitability and risk profile integrated into your
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decision making so basically what call standard is
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doing is trying to help our partners to address some of the challenges i mentioned
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before and make sure that you can integrate that impact management process into your entire
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investments cycle so if you're interested in baseline setting intentionality uh
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all the exciting terms i'm i'm happy to answer those questions in
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the market place but i really hope to see in few
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years time when i gather with this crowd again in similar place
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that you can tell me as leaders of the financial industry that our
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decision making process or change it's not only e. s. g. teams work
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but the way we make investment decisions are gearing toward in tackles