New Delhi, October 30, 2020: Aspire Impact, a social enterprise focussed on leadership and ecosystem development in the social and environmental impact space has announced its flagship Impact Future Project (IFP) to be launched at the Sankalp Global Summit 2020 early next week.
The one-of-a-kind project is a thought leadership platform which brings together over 250 business and investment leaders to generate investment ideas and unlock private capital for the public good. #ImpactFutureProject (IFP), born in India, for the world.
Amit Bhatia, Founder and CEO Aspire Impact and Founder, Aspire Circle, shared his excitement about the launch, “Impact Future Project (IFP), a thought leadership platform, will prepare India for Impact Transparency, an unstoppable trend. As per the Harvard Business School, the environmental cost of 35 Indian companies, led by Reliance Industries, is three times their net profit, at $200 billion. IFP will enable India Inc. to integrate Impact Accounting and embrace Impact Capitalism with knowledge, tools and training for our shared impact future.”
IFP will create 10 Impact communities aligned with the SDGs and the goals of the Indian government to advance research and knowledge, enhance awareness and advocacy, further develop education and training, and collaborate for action, by identifying 100 investment ideas for impact. The areas for impact include Accessibility, Disabilities & Inclusion, Affordable Housing, Food-tech & Agri-tech, Education, Financial Inclusion, Healthcare, Renewables & Clean-tech, Sustainable Manufacturing, Gender Equality, to name a few.
Some of these big and bold investment ideas for aiding India’s transformation to an impact economy will be shared by 25 IFP leaders from varied sectors at the Sankalp Forum every day from November 2 to 6. Business leaders such as Anant Maheshwari (President, Microsoft India), Ravi Kant (Former VC, Tata Motors), TarunChugh (CEO, Bajaj Allianz Life) and Abhishek Agrawal (Chief Regional Officer for South Asia, Accion)among others are associated with this project.
The envisaged long-term impact of this project is the integration of these impact ideas into state investment agendas and impact policies for SDGs, generation of employment opportunities and galvanisation of the impact start-up ecosystem.
“We aim to help unlock $1 trillion for the achievement of the SDGs and enable India to become a $10 trillion economy by 2030,” Amit Bhatia added.
Considering the evolving Indian impact ecosystem, with new BRSR (Business Responsibility and Sustainability Reporting) guidelines from the Ministry of Corporate Affairs, enhanced reporting, and the impending transition to impact accounting, the launch of this platform is at an opportune time to move India ahead in its Impact Revolution journey.