Rallying together to advance transformative action
The Global South Impact Community (GSIC) is a group of impact leaders, predominantly from the Global South, who gathered at The Rockefeller Foundation’s Bellagio Center in July 2022 to generate new ways of thinking about development in the Global South in a post-pandemic world. Representing public, private, and philanthropic sectors from 16 countries across five continents, this group is committed to taking action on the recommendations from their statement to the G20 and plans to amplify this urgent agenda at global convenings.
Perspective of the Global South
Attendees represented actors from across the Continuum of Capital — philanthropic foundations, impact funds, family offices, banks, asset managers, and private equity/venture capital — who are dedicated to climate action. The event welcomed nearly 60 people including 8 high profile speakers who shared their insights:
Yuki Yasui
Managing Director, Asia Pacific GFANZ
Bruno Aranha
Managing Director, BNDES
Carl Brinton
Executive Vice President of Programs, The Rockefeller Foundation
Steve Waygood
Chief Responsible Investment Officer, Aviva Investors
Rhian-Mari Thomas
Chief Executive Officer, Green Finance Institute
Dr. Dina Zayed
Programme Director, Climate Emergency Collaboration Group (CECG)
Nazmeera Moola
Chief Sustainability Officer, Ninety One
To leverage the full continuum of capital to scale and accelerate impact globally.
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Climate Finance
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Low Carbon Solution
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ESG/Sustainability
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Amplifying the impact of global leaders
The gathering brought together impact leaders to envision a just, green, and inclusive pandemic recovery. The immediate output was a statement to the G20, which called for a radical change of the global financial architecture, as well as increased representation from the Global South in global decision-making forums. The statement includes four key recommendations for G20 leaders, to leverage catalytic capital to build a new growth model inclusive of the Global South post-Covid-19. These include:
- Mobilizing Catalytic Finance to the Global South: Countering the asymmetrical flow of net financial resources (from developing to developed economies), by leveraging at least 1% of total global wealth for impactful and inclusive deployment to the Global South.
- Supporting Capacity Development to Enable the Absorption of Catalytic Capital: Investing in needs-driven, institutional capacity development as a critical means for lowering the costs of achieving SDGs.
- Mainstreaming of Decarbonization: Creating a global framework for ‘development towards prosperity with decarbonization’ that can be accelerated through south-south collaboration platforms.
- Mainstreaming of Decarbonization: Creating a global framework for ‘development towards prosperity with decarbonization’ that can be accelerated through south-south collaboration platforms.aStrengthening Response to Global Health Crises: Investing in infrastructure and capabilities to strengthen local health systems.
With support from The Rockefeller Foundation
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It’s time for the Global South to lead
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