WEBVTT

1
00:00:04.640 --> 00:00:07.520
- What do we mean by humanitarian
and resilience investing?

2
00:00:07.520 --> 00:00:12.520
This means taking private
capital, return-seeking capital,

3
00:00:12.640 --> 00:00:16.800
and finding opportunities
for it to engage in projects

4
00:00:16.800 --> 00:00:22.040
that when those projects take
hold, actually reduce the risk

5
00:00:22.040 --> 00:00:26.080
of economic migration, climate migration,

6
00:00:26.080 --> 00:00:30.600
deals with helping refugees
regain livelihoods,

7
00:00:30.600 --> 00:00:36.480
stability, aids in
reconstruction, aids in recovery,

8
00:00:36.480 --> 00:00:41.480
and essentially, using the
engines of the private sector

9
00:00:41.480 --> 00:00:44.800
to expand the capacity that's available.

10
00:00:44.800 --> 00:00:48.960
- A lot of our focus has
been on agriculture, energy,

11
00:00:48.960 --> 00:00:52.360
and wash, so water,
sanitation, and hygiene.

12
00:00:52.360 --> 00:00:54.520
On the agriculture side, we worked closely

13
00:00:54.520 --> 00:00:55.840
with a project that was developed

14
00:00:55.840 --> 00:00:57.440
out of the World Food Programme

15
00:00:57.440 --> 00:01:00.120
Innovation Accelerator called H2Grow,

16
00:01:00.120 --> 00:01:02.360
and they're providing hydroponic solutions

17
00:01:02.360 --> 00:01:05.320
to those that are living
in dry and arid land.

18
00:01:05.320 --> 00:01:06.400
So really trying to work

19
00:01:06.400 --> 00:01:08.520
on agriculture development
in those places.

20
00:01:08.520 --> 00:01:10.360
And so, this worked
really well with our work

21
00:01:10.360 --> 00:01:14.240
because on the private side,
the more familiar the model

22
00:01:14.240 --> 00:01:16.520
for investment is, the
easier it is to draw

23
00:01:16.520 --> 00:01:17.800
in the private interest.

24
00:01:19.160 --> 00:01:22.080
- Why is this important to BCG?

25
00:01:22.080 --> 00:01:24.520
BCG's had a standing commitment

26
00:01:24.520 --> 00:01:26.800
to social impact for a long time.

27
00:01:26.800 --> 00:01:29.920
And as you know, one of the
things that we've emphasized

28
00:01:29.920 --> 00:01:32.480
is the importance of the
firm making a difference

29
00:01:32.480 --> 00:01:33.600
in the world.

30
00:01:34.720 --> 00:01:37.120
- We've been working together
for a number of years.

31
00:01:37.120 --> 00:01:38.720
And I think what's really valuable,

32
00:01:38.720 --> 00:01:40.640
I think is we have the
shared ambition to tackle

33
00:01:40.640 --> 00:01:42.240
really difficult challenges.

34
00:01:42.240 --> 00:01:44.400
This is a complex problem to solve.

35
00:01:44.400 --> 00:01:45.840
What we've seen through this collaboration

36
00:01:45.840 --> 00:01:48.560
and partnership is not only
the benefit that the forum

37
00:01:48.560 --> 00:01:50.360
has received through the various guidance

38
00:01:50.360 --> 00:01:52.920
and expertise of different
BCG colleagues and leadership

39
00:01:52.920 --> 00:01:54.800
in helping us to think

40
00:01:54.800 --> 00:01:56.000
about these new approaches,

41
00:01:56.000 --> 00:01:59.000
but also, I think the
agility to course correct

42
00:01:59.000 --> 00:02:01.440
because we are creating a new space.

43
00:02:02.320 --> 00:02:04.480
- When we're investing into
these types of initiatives,

44
00:02:04.480 --> 00:02:06.160
we want to see results

45
00:02:06.160 --> 00:02:09.240
and we're very impact-focused
as an organization.

46
00:02:09.240 --> 00:02:10.720
And WEF is naturally very good

47
00:02:10.720 --> 00:02:12.320
at bringing the right
stakeholders together

48
00:02:12.320 --> 00:02:15.040
and really convening the
right people in the room.

49
00:02:15.040 --> 00:02:16.680
And so, when you have the
right people in the room

50
00:02:16.680 --> 00:02:19.120
with the right people who
want to push the envelope

51
00:02:19.120 --> 00:02:22.600
and move things along, magic
can happen at that point.