Progress is impossible without change and those who cannot change their minds, cannot change anything.
(George Bernard Shaw)
A way of doing business suited to the 21st century
With the transition toward a more sustainable and inclusive economic development model accelerating at an increasing rate, it grows accordingly the need to reinvent and reinterpret the way of doing business in the 21st century. What needs to be pursued is enshrined in the idea of sustainable development as defined by the UN Brundtland Commission already in 1987: to create an economic development model that meets the needs of the present without compromising the ability of future generations to meet their own needs.
It has become evidently pivotal to design new ways of doing business, where market efficiency is harnessed to create economic value, as well as measurable and widespread human progress.
The master challenge of the 21st century is nothing less than to reinvent capitalism itself, by learning how to deploy human, financial, physical and natural capital in ways that are, at the same time, financially profitable, respectful of ecological boundaries and instrumental in reducing international and intergenerational inequality.
There are many options that are currently being experimented and undertaken in order to make real such transition towards a more sustainable way of living, producing and investing.
The one chosen by IMPact is grounded on the idea that actions must be impactful and their effects measurable. This idea is central in defining our identity. Act Differently it is not just a motto, but rather they are two meaningful and consequential words defining our business attitude.
By giving substance to its motto, IMPact is ready to promote a new way of doing business in the Italian asset management industry.
A hybrid business model linking asset management and philanthropic strategy
IMPact’s business model is rooted, more specifically, in the idea that’s a company responsibility in the 21st century to be capable not only of creating value for its clients, but also of systematically redistributing a share of the value created in order to address societal needs.
Accordingly, IMPact’s founders have established a legally binding clause in the company’s Articles of Association, requiring that at least 50% of the annual profits generated must be used to fund the corporate philanthropic strategy, delivered by the means of IMPact Foundation.
Get in contact with us to get more info on how IMPact’s business model works and what are the main long-term objectives of the corporate philanthropy strategy.