Impact - Libro en Inglés

Impact – Ronald Cohen

Capitalism has created extraordinary prosperity, but it has also contributed to inequality and environmental damage. Sir Ronald Cohen, a pioneer of venture capital in Europe and a leading figure in the global impact investment movement, believes it is time for a fundamental change. In Impact: Reshaping Capitalism to Drive Real Change, he presents his vision for an economic system that considers impact alongside risk and return.

Cohen argues that investors, businesses, governments and philanthropists can and should measure the social and environmental impact of their activities, and use that information to make better decisions. Just as financial risk and return are measured, impact can be quantified, allowing capital to flow toward solutions to the world’s biggest problems.

The book describes the rise of impact investing and explains innovations such as social impact bonds, which link the funding of social programs to measurable outcomes, and impact-weighted accounts, which aim to show a company’s positive and negative effects on society and the environment in its financial statements. Cohen also discusses the roles of impact entrepreneurs, purpose-driven businesses, philanthropy and government policy in creating systemic change.

Drawing on his decades of experience in finance and social investment, he offers examples from around the world and a practical agenda for action.

Ambitious and optimistic, Impact is a valuable read for investors, business leaders, policymakers, philanthropists, entrepreneurs and anyone interested in how capitalism can be reshaped to address inequality and environmental challenges.