Global Impact Chapter brings stakeholders together
Global Impact Chapter event brings together stakeholders in Southeast Asia's impact investing ecosystem; calls for collective action to mainstream impact
Seoul and Singapore, 17 October 2023 – MYSC, South Korea’s first impact accelerating and impact investing company, and the Centre for Impact Investing and Practices (CIIP), a Singapore-based non-profit entity that fosters impact investing in Asia and beyond, hosted the Global Impact Chapter in Singapore on 2 and 3 October, 2023,at Temasek Shophouse. The event aimed to foster interaction and collaboration among impact investors and stakeholders interested in Southeast Asia’s venture-building ecosystem.
Impact investors and ecosystem builders from various countries gathered to share their expertise and strategies to drive impact. The event brought together 17 impact investing firms from eight countries who exchanged perspectives.
Dawn Chan, CEO of CIIP and Jeongtae Kim, CEO of MYSC
MYSC announced its plans for a new Singapore-based entity, aiming to further expand existing direct investments in Southeast Asia, while simultaneously building ‘relationship capital’ essential for the impact venture-building ecosystem. MYSC has formalised investments in two funds that operate locally in the United Kingdom, India, and Vietnam. MYSC is set to engage with various LPs and family offices in the future, and in addition to its own operated funds, it is implementing a co-investment strategy with these VC firms to support early-stage teams with impact.
CIIP spoke about their recent announcement of intent with B Lab Global to establish the B Lab & CIIP Centre of Excellence for Asia to accelerate the growth of the B Corp movement across companies in Asia. They also shared about recently launched initiatives, including the Amplifier, a mentorship programme to support impact-focused startups, and Co-Axis, the first digital catalytic capital marketplace to mobilise private investments to address environmental and social challenges.
Other event highlights include:
A spotlight on B Corporations (B Corps), companies with strong social and environmental performance, transparency, and accountability, with presentations from the B Corps MYSC, ABC Impact, continew, We Are Caring, and Danone, who showcased sustainability practices that are aligned with the B Corp framework.
Silky Raheja, Impact Director at ABC Impact
Caroline Seow of B Lab Singapore, David Bensadon of We Are Caring,
Ian Choi of continew, and Kairin Romeena of Danone
A sharing on impact journeys and future drivers of impact by AVPN, MYSC, Ethos Fund, Simsan Ventures, Haenyeo’s Kitchen, and Rukita, highlighting founders’ journeys toward social and environmental impact across sectors, and ecosystem building initiatives to support impactful businesses across the region.
Presentations and a panel session on impact ecosystem building initiatives by B Current Impact Investment, CIIP, Beacon Fund and Simple Planet, addressing current activities to catalyse impact investing and climate solutions across Asia
David Yi of Ethos Fund, Ray Chen of B Current Impact Investment, Yen Do of Beacon Fund,
Jonathan Chan of CIIP, and Dominic Jeong of Simple Planet
A sharing on the impact investing landscapes of Hong Kong, Indonesia, and Asia at large by Social Ventures Hong Kong, Instellar Indonesia, and JLIN LLC, highlighting vibrant activity in various markets and key opportunities to be addressed.
"This is the first international gathering of its kind that was organised by a South Korean institution here in Singapore. We are pleased with the enthusiastic response from both local and foreign participants," said Jeongtae Kim, CEO of MYSC. He further emphasised MYSC's commitment to sharing South Korea's experiences, assets, and strengths, fostering alliances for the growth of the impact venture capital, family offices, and ecosystem support organisations in Singapore and Southeast Asia.
Dawn Chan, CEO of CIIP, shared: “The social and environmental challenges of today demand bold collective action and innovation. CIIP is pleased to jointly host the Global Impact Chapter at Temasek Shophouse, and bring together like-minded partners who are committed to business for good and want to build ecosystems and capabilities to scale impact. The B Corp Certification, for example, is a useful approach to distinguish companies committed to business for good for investors, staff recruitment, and customers. We are heartened by the enthusiastic response from all participants.”
Subsequent to the Global Impact Chapter, the impact investors and ecosystem builders who gathered plan to hold regular meetings, collaborate and engage in knowledge sharing. This reflects their commitment to furthering the impact investment landscape and strengthening their ties within the community.
About MYSC
MYSC is the first and leading social innovation consultancy & impact investor working in Korea, and increasingly Vietnam, Indonesia, and other parts of the world, through direct projects or partnerships.
Established in 2011 by a number of leading opinion leaders from the private sector, academia and investment field, MYSC aims to help address economic inequality, societal divides, and the climate crisis through open innovation, blended financing, and collective impact.
As part of our theory of change, we bridge corporations and start-ups / social ventures for a “growth with impact” business model. Thus we believe in helping further mainstream impact in capital markets and the business sector. For more information, please visit https://mysc-official.oopy.io/
About the Centre for Impact Investing and Practices (CIIP)
The Centre for Impact Investing and Practices (CIIP) was established in 2022 as a non-profit entity by Temasek Trust to foster impact investing and practices in Asia and beyond. CIIP is the Asia anchor partner of SDG Impact, the United Nations Development Programme initiative tasked to develop resources that accelerate investments towards achieving the Sustainable Development Goals (SDGs) by 2030. Through this partnership, Asia investors and businesses are provided with clarity, insights and tools that support their contributions towards achieving the SDGs. Temasek and ABC Impact are CIIP’s strategic partners. For more information, please visit www.ciip.com.sg.