The End of Impact Washing & Stakeholder Capitalism with Regional President, BNY Mellon, Karen Wawrzaszek

Over a decade ago, JPMorgan and the Rockefeller Foundation, published a report claiming that impact investment was an emerging asset class that would reach between $400 billion and $1 trillion in assets under management by 2020. Many thought this was an ambitious prediction but fast forward, we now see how those doubts were misplaced with markets hitting $715 billion in assets under management in 2020.  Against the backdrop of the reckoning of 2020, our lens on impact dollars has become tremendously important. But is there far too much sensationalization of impact? How do we stay grounded on metrics that really matter?  We talked with Karen Wawrzaszek to unpack this, in March 2021 on our very first episode recorded! From growing up in poverty to advising some of the wealthiest families, endowments & foundations; having held roles including MD of Rockefeller Capital Management to now Chair of the Meyer Foundation and BNY Mellon Regional President- we learn from her #BillionDollarMoves and challenge how impact investing has gone wrong — and what more needs to be done. In this episode, you will learn: - What it means to have lived in poverty, and how you can channel personal scars into purpose - Impact washing and this moment in time - The triple threat of inequality - How do we DESIGN & measure impact – is doing no harm, good enough? - Key investment trends arising from the rise of millennials and environmental, social, governance (ESG) — Billion Dollar Moves is THE show for the audacious; featuring the top US-Asia founders, funders and execs. From the growing pains of a unicorn journey to IPO, scaling a venture capital firm, we cover it all in the world of venture & business. Learn from the crème de la crème so YOU too, can make #billiondollarmoves — in venture, in business, in life. PODCAST INFO: Podcast website: https://sarah-chen.com/billion-dollar-episodes Watch on Youtube: https://tinyurl.com/sarahchenglobal Join the community: https://sarah-chen.ck.page/billiondollarmoves FOLLOW SARAH: LinkedIn: linkedin.com/in/sarahchenglobal Instagram: instagram.com/sarahchenglobal Twitter: twitter.com/sarahchenglobal