WEBVTT 1 00:00:00.291 --> 00:00:05.005 We need to make it much easier to connect capital with impact and possibility. 2 00:00:05.380 --> 00:00:07.298 Veronica, thank you so much for being here. 3 00:00:07.590 --> 00:00:10.093 How do you scale capital for sustainable growth? 4 00:00:10.969 --> 00:00:16.224 What we're hearing from private capital across the spectrum is there's a real 5 00:00:16.224 --> 00:00:19.436 interest in the growing array of opportunities. 6 00:00:19.978 --> 00:00:22.564 And really now, there are two key things that need to 7 00:00:22.564 --> 00:00:22.897 happen. 8 00:00:22.939 --> 00:00:25.608 One is the market itself needs to develop. 9 00:00:25.900 --> 00:00:30.613 We need to make it much easier to connect capital with impact and possibility. 10 00:00:31.281 --> 00:00:33.616 And the second thing is de-risking. 11 00:00:34.034 --> 00:00:38.747 We need much greater catalytic forms of capital that can take those risks and 12 00:00:38.747 --> 00:00:42.500 play that critical role from mobilizing that private capital. 13 00:00:42.876 --> 00:00:46.171 How can financial institutions make the most of this moment? 14 00:00:46.254 --> 00:00:50.592 This is actually a really exciting time in the sense that there are opportunities, 15 00:00:50.592 --> 00:00:53.470 be it in catalytic finance, be it in emerging markets, 16 00:00:53.470 --> 00:00:55.889 be it in more broadly in sustainable finance. 17 00:00:56.473 --> 00:00:59.601 And we see financial institutions pulling a few levers. 18 00:00:59.601 --> 00:01:01.061 First is capabilities. 19 00:01:01.394 --> 00:01:05.523 We're seeing those who are leading really investing in building out the kinds of 20 00:01:05.523 --> 00:01:09.194 teams who know how to work across different pools of capital and arrange 21 00:01:09.194 --> 00:01:11.696 and structure these deals at scale and at speed. 22 00:01:12.238 --> 00:01:16.326 The second is collaboration, finding ways to work across the public 23 00:01:16.326 --> 00:01:20.246 sector, the private sector, and the civil society really to pull 24 00:01:20.246 --> 00:01:21.915 these transactions together. 25 00:01:22.123 --> 00:01:25.627 Not just one deal at a time, but indeed creating broad-based platforms 26 00:01:25.627 --> 00:01:28.546 that can mobilize the billions and trillions that we need. 27 00:01:28.963 --> 00:01:33.134 At a time where funding is so needed, who is stepping in? 28 00:01:33.134 --> 00:01:36.971 The critical kinds of capital that we need right now 29 00:01:36.971 --> 00:01:41.101 is that really catalytic money that can unlock things at scale. 30 00:01:41.101 --> 00:01:45.230 And we see two really exciting newer entrants contributing that kind of 31 00:01:45.230 --> 00:01:45.688 capital. 32 00:01:45.688 --> 00:01:49.442 The first are strategic investors, the corporate strategic investors. 33 00:01:49.776 --> 00:01:53.321 These are companies where they see a business case to invest in the resilience 34 00:01:53.321 --> 00:01:56.574 of their supply chains or in the resilience of the communities that they 35 00:01:56.574 --> 00:01:57.075 operate in. 36 00:01:57.742 --> 00:02:02.330 The other actor that we see are family offices and philanthropies that are 37 00:02:02.330 --> 00:02:06.000 shifting how they're driving impact, not only doing grants, 38 00:02:06.000 --> 00:02:10.380 but looking into ways that their financing can play much more catalytic 39 00:02:10.380 --> 00:02:10.755 roles. 40 00:02:11.005 --> 00:02:11.506 Thank you.