Sergei Ponomarev

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Activity categories:
Experts
Skills:
Name:
social entrepreneurship
Name:
social projects
Сareer/Professional experience:
CEO and Co-founder of Galileo
Personal awards and excellences:
Ph.D. in political science.
Education:
Perm State University, 1998-2003.
Moscow School of Social and Economic Science, 2003-2004.
Country:
Russia
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Hi, everyone! Glad to see you all at Camomile - global impact community!
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Hi, community. Not long ago in Stanford Social Innovation Review very interesting article was published. 

Layering Evidence for Impact Investing Success. By Kendall Rathunde, Daniel Hadley & Gwendolyn Reynolds

How investors can gather more context and nuance about the social impact of their investments, and thus bridge the gap between impact investing theory and practice. What counts as high-quality evidence? How does an investor predict impact before making an investment, and what should they use to measure impact post facto? Very important questions on impact measurement. 

https://ssir.org/articles/entry/layering_evidence_for_impact_investing_success# 

VIDEO RECORD OF THE WEBINAR: DEEP DIVE INTO THE ENERGY SECTOR TRANSFORMATION IN AN ERA OF CLIMATE CHANGE (05.11.2020)

The global energy system is rapidly moving towards renewables and the Age of Oil is coming to an end. To begin the conversation as to how this trend impacts the capital markets, how can you be part of the change, and how to profit from it, please watch our webinar with James Ellman. Mr. Ellman holds a bachelor’s degree in history and economics from Tufts and an MBA from Harvard University. He spent more than 20 years managing mutual funds for Merrill Lynch and Invesco and then hedge funds for Seacliff Capital and Ascend Capital. He is the author of "Hot Stocks: Investing for Impact and Profit in a Warming World".

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My name is Sergey. I'm Co-Founder and CEO of Galileo IIIC, a business-trainer, candidate of political sciences, an expert in social entrepreneurship.

I'm engaged in educational programs in the sphere of social entrepreneurship in regions of Russia and abroad. I have 19-years experience in the NGO sector. Helped to implement about 100 social projects (from local to international). Held more than 500 training seminars. Completed 25 fellowships in 15 countries of the world. Author of the book "Russian and American best practices of social entrepreneurship support". 

Always open to new connections!)

 

 

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ESG means using Environmental, Social and Governance factors to evaluate companies and countries on how far advanced they are with sustainability. Once enough data has been acquired on these three metrics, they can be integrated into the investment process when deciding what equities or bonds to buy.
 
ESG investing refers to a class of investing that is also known as “sustainable investing.” Investors are increasingly applying these non-financial factors as part of their analysis process to identify material risks and growth opportunities. ESG investing grew out of investment philosophies such as Socially Responsible Investing (SRI), but there are key differences. Earlier models typically use value judgments and negative screening to decide which companies to invest in. ESG investing and analysis, on the other hand, looks at finding value in companies—not simply at supporting a set of values. SRI uses exclusionary filters to keep companies out of portfolios that don't meet certain criteria, while ESG opts-in to companies that are making positive impacts in the three factor areas. 
 
Following are examples of ESG issues.
  • Environmental risks created by business activities have an actual or potential negative impact on air, land, water, ecosystems and human health. Company environmental activities considered ESG factors include managing resources and preventing pollution, reducing emissions and climate impact, and executing environmental reporting or disclosure. Environmental positive outcomes include avoiding or minimizing environmental liabilities, lowering costs and increasing profitability through energy and other efficiencies, and reducing regulatory, litigation and reputational risk.
  • Social risks refer to the impact that companies can have on society. They are addressed by company social activities such as promoting health and safety, encouraging labor-management relations, protecting human rights and focusing on product integrity. Social positive outcomes include increasing productivity and morale, reducing turnover and absenteeism, and improving brand loyalty.
  • Governance risks concern the way companies are run. It addresses areas such as corporate brand independence and diversity, corporate risk management and excessive executive compensation, through company governance activities such as increasing diversity and accountability of the board, protecting shareholders and their rights and reporting and disclosing information. Governance positive outcomes include aligning interests of shareowners and management and avoiding unpleasant financial surprises.

 

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On September 25th 2015, 193 Member States of the United Nations adopted a set of goals to end poverty, protect the planet and ensure prosperity for all as part of a new sustainable development agenda. Each goal has specific targets (169 targets in total) to be achieved over the next 15 years.

For the goals to be reached, everyone needs to do their part: governments, the private sector, civil society and people like you.

Areas of critical importance for Humanity and the Planet

People

We are determined to end poverty and hunger, in all their forms and dimensions, and to ensure that all human beings can fulfill their potential in dignity and equality and in a healthy environment.

Planet

We are determined to protect the planet from degradation, including through sustainable consumption and production, sustainably managing its natural resources and taking urgent action on climate change, so that it can support the needs of the present and future generations.

Prosperity

We are determined to ensure that all human beings can enjoy prosperous and fulfilling lives and that economic, social and technological progress occurs in harmony with nature.

Peace

We are determined to foster peaceful, just and inclusive societies that are free from fear and violence. There can be no sustainable development without peace and no peace without sustainable development.

Partnership

We are determined to mobilize the means required to implement this Agenda through a revitalized Global Partnership for Sustainable Development, based on a spirit of strengthened global solidarity, focused in particular on the needs of the poorest and most vulnerable and with the participation of all countries, all stakeholders and all people.

The interlinkages and integrated nature of the Sustainable Development Goals are of crucial importance in ensuring that the purpose of the new Agenda is realized. If we realize our ambitions across the full extent of the Agenda, the lives of all will be profoundly improved and our world will be transformed for the better.

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Galileo is promoting a new wave of investments that builds a better world.

As defined by the Global Impact Investing Network (GIIN), impact investments are “investments made into companies, organizations and funds with the intention to generate social and environmental impact alongside a financial return”.

“The growing impact investment market provides capital to support solutions to the world’s most pressing challenges in sectors such as sustainable agriculture, affordable housing, affordable and accessible healthcare, education, clean technologies and financial services, among many others.

Impact investments can be made in both emerging and developed markets, and target a range of returns from below market, to market rate.”

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Main characteristics 

The four key characteristics of an impact investor as summarized by GIIN are as follows:

Intentionality – The intent of the investor to generate social and/or environmental impact through investments is an essential component of impact investing.

“These investments are made into enterprises and funds that expand access to critical goods and services, and/or generate positive impact through their operations. For example, investors may seek to use investments to increase access to financial services, education, healthcare, affordable housing or quality employment by underserved populations. Investors may also invest in solutions aimed at mitigating the negative effects of climate change and environmental degradation. Investor activities may be focused in developed or emerging markets, or both.”

Investment with return expectations – Impact investments are expected to generate a financial return on capital and, at a minimum, a return of capital.

“Grants are not expected to return capital and therefore are not impact investments. Grants however can play an important role in enabling impact investing – for instance, through incubating early-stage business models, providing certain forms of credit enhancement, providing technical assistance, or funding needed research and development.”

Range of return expectations and asset classes – Impact investments generate returns that range from below market (sometimes called concessionary) to risk-adjusted market rate.
“Impact investments can be made across asset classes, including but not limited to cash equivalents, fixed income, venture capital and private equity. Impact investors may also earn fees through the provision of catalytic instruments such as guarantees. Investors’ return expectations and the instrument(s) in which they invest reflect their intent and are typically driven by the economics of the investment. For instance, some may wish to support higher risk early-stage social enterprises in challenging markets or invest pursuant to various regulatory mandates, often with concessionary returns; others may choose to finance the expansion of proven business models to reach scale or invest in credit enhanced transactions, in the expectation of market or near market-rate returns.”

Impact measurement – Commitment to measure and report the social and environmental performance and progress of underlying investments in order to ensure transparency and accountability.

“Investors’ approaches to impact measurement will vary based on their objectives and capacities, and the choice of what to measure usually reflects investor goals and, consequently, investor intention. In general, components of impact measurement best practices for impact investing include:

– Establishing and stating social and environmental objectives to relevant stakeholders

– Setting performance metrics/targets related to these objectives using standardized metrics wherever possible

– Monitoring and managing the performance of investees against these targets

– Reporting on social and environmental performance to relevant stakeholders”

 

FREE WEBINAR: DEEP DIVE INTO THE ENERGY SECTOR TRANSFORMATION IN AN ERA OF CLIMATE CHANGE

The global energy system is rapidly moving towards renewables and the Age of Oil is coming to an end. To begin the conversation as to how this trend will impact the capital markets, how can you be part of the change, and how to profit from it, please join our webinar. Mr. Ellman holds a bachelor’s degree in history and economics from Tufts and an MBA from Harvard University. He spent more than 20 years managing mutual funds for Merrill Lynch and Invesco and then hedge funds for Seacliff Capital and Ascend Capital. His book "Hot Stocks: Investing for Impact and Profit in a Warming World" was published in July 2020 by Rowman & Littlefield.
 
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