
2017-5-24
12月7-8日,由全球社會(huì)價(jià)值投資網(wǎng)絡(luò)(Global Impact InvestingNetwork, GIIN)主辦的2016社會(huì)價(jià)值投資者年度峰會(huì)(GIIN Investor Forum 2016)在荷蘭阿姆斯特丹召開(kāi),友成企業(yè)家扶貧基金會(huì)創(chuàng)始人兼理事長(zhǎng)、社會(huì)價(jià)值投資聯(lián)盟(深圳)創(chuàng)始主席王平女士作為中國(guó)的唯一代表應(yīng)邀參會(huì),并在“Foundations’involvement in impact at differing stages with differing methods”主題研討會(huì)上,發(fā)表以“基金會(huì)在社會(huì)價(jià)值投資中的作用”為題的講話(huà)。
本文根據(jù)王平理事長(zhǎng)英文發(fā)言整理。
主題:基金會(huì)在社會(huì)價(jià)值投資不同階段的不同方法
• 通過(guò)社會(huì)價(jià)值投資促進(jìn)核心社會(huì)和環(huán)境目標(biāo)的實(shí)現(xiàn)
• 基金會(huì)如何通過(guò)捐贈(zèng)降低社會(huì)價(jià)值投資的風(fēng)險(xiǎn)
• 社會(huì)價(jià)值投資的機(jī)遇:投資者的投資策略可否具體化?
• 下一代公益:基金會(huì)的戰(zhàn)略是如何變化的?
主持人:
Gayle Peterson 牛津大學(xué)牛津社會(huì)價(jià)值投資計(jì)劃項(xiàng)目主任,Saïd商學(xué)院副院長(zhǎng)
嘉賓:
王平 友成基金會(huì)創(chuàng)始人、理事長(zhǎng)
John Balbach 麥克阿瑟基金會(huì)項(xiàng)目主任
Christine Looney 福特基金會(huì)高級(jí)項(xiàng)目投資主任
Gayle Peterson:
王平女士,您十年前就進(jìn)入公益慈善領(lǐng)域成立了友成基金會(huì),籌集大量資金用于“新公益”,包括友成在創(chuàng)業(yè)方面也投入了大量的時(shí)間和重要資源。您在中國(guó)看到了什么?中國(guó)可以為這個(gè)世界帶來(lái)什么?友成打造的支持社會(huì)創(chuàng)新的平臺(tái)又是怎樣的?請(qǐng)您分享一下。
王平:
謝謝Galye!非常榮幸能夠參與今天的討論,分享中國(guó)的做法。
首先請(qǐng)?jiān)试S我簡(jiǎn)要介紹一下我所代表的友成基金會(huì)。十年前,我與多名商界領(lǐng)袖、學(xué)術(shù)精英共同成立了友成企業(yè)家扶貧基金會(huì)(簡(jiǎn)稱(chēng)“友成”),英文名China Social Entrepreneur Foundation。
至今,友成共支出約四千萬(wàn)美金,通過(guò)以下三種方式建造社會(huì)創(chuàng)新的生態(tài)系統(tǒng):
1.倡導(dǎo)。我們翻譯書(shū)籍、組織研討、提供培訓(xùn),是最早在中國(guó)倡導(dǎo)社會(huì)創(chuàng)新和社會(huì)企業(yè)的基金會(huì)之一。2016年,我們與國(guó)家級(jí)智庫(kù)——中國(guó)發(fā)展研究基金會(huì)合作撰寫(xiě)了《中國(guó)社會(huì)價(jià)值投資報(bào)告》,這是國(guó)內(nèi)第一份系統(tǒng)闡釋中國(guó)社會(huì)價(jià)值投資特點(diǎn)和狀況的研究報(bào)告。
2.社會(huì)領(lǐng)域的“天使投資”。我們從初創(chuàng)的社會(huì)企業(yè)和NGO中發(fā)展領(lǐng)袖型人才(change makers),為他們提供資金和其他方面的支持。十年來(lái),我們共支持了超過(guò)170家社會(huì)企業(yè)和組織,他們中的大多數(shù)都獲得了其他機(jī)構(gòu)的“跟投”,并成長(zhǎng)為行業(yè)內(nèi)的翹楚。
3.孵化。我們尋找正確的合作伙伴,與他們共同制定目標(biāo)和戰(zhàn)略,并提供包括種子基金在內(nèi)的其他資源,用“陪伴式”的方式在九年內(nèi)孵化了16個(gè)社會(huì)創(chuàng)新項(xiàng)目——他們最終都成為價(jià)值鏈上的重要環(huán)節(jié)。
友成最顯著的孵化成果之一就是社會(huì)價(jià)值投資聯(lián)盟(China Alliance of Social Value Investment,CASVI)的成立。為動(dòng)員更多的商業(yè)力量參與到社會(huì)變革中,我們與來(lái)自投資、金融、商業(yè)、學(xué)術(shù)、公益等領(lǐng)域的50余家機(jī)構(gòu)共同發(fā)起成立了社投盟,這個(gè)多元、縱橫跨界的平臺(tái),將小到草根組織、大到國(guó)際機(jī)構(gòu)包羅其中,有效對(duì)接社會(huì)價(jià)值投資的供給方和需求方。
社投盟是中國(guó)首家合法注冊(cè)的聯(lián)盟類(lèi)社會(huì)價(jià)值投資推動(dòng)機(jī)構(gòu),同時(shí)具有國(guó)際化的特性——Calvert Foundation 創(chuàng)始人Wayne Silby先生、UN Social Impact Fund(UNSIF)全球負(fù)責(zé)人David Galipeau先生都是社投盟的理事,一些國(guó)際專(zhuān)家也在社投盟戰(zhàn)略委員會(huì)中擔(dān)任委員。
社投盟的主要職責(zé)有一下三部分:
1、資金:創(chuàng)立社會(huì)價(jià)值投資資金庫(kù)
首先,我們鼓勵(lì)主流商業(yè)投資人簽署“不作惡”的榮譽(yù)準(zhǔn)則,在投資實(shí)踐中不投“負(fù)面清單”中的項(xiàng)目和企業(yè);其次,我們通過(guò)模型設(shè)計(jì),LPs轉(zhuǎn)介等方式幫助中國(guó)具有社會(huì)價(jià)值的商業(yè)投資基金(如“青云創(chuàng)投”),建立“社會(huì)價(jià)值傘基金”。在這方面,我們非常歡迎與國(guó)際性的基金會(huì)、基金及其他金融機(jī)構(gòu)合作,以期在中國(guó)探索出不同的模式。
2、渠道:建立社會(huì)價(jià)值投資項(xiàng)目池
我們與全國(guó)性及地方性商業(yè)協(xié)會(huì)合作,在北京、上海、深圳三地組織項(xiàng)目路演、論壇、競(jìng)賽等活動(dòng),為社會(huì)企業(yè)/社會(huì)創(chuàng)新型企業(yè)對(duì)接潛在投資人和政策制定者。在這方面,我們期待國(guó)際性的基金會(huì)與中介機(jī)構(gòu)的參與。
3、評(píng)估:開(kāi)發(fā)社會(huì)價(jià)值量化評(píng)估工具
我們自主研發(fā)了三A(Aim, Approach, Action)社會(huì)價(jià)值評(píng)估網(wǎng)絡(luò)平臺(tái),為企業(yè)/投資的戰(zhàn)略、模式、結(jié)果以及最重要的三個(gè)A之間的一致性進(jìn)行評(píng)分。在這方面,我們正與UNSIF進(jìn)行合作,同時(shí)也歡迎IRIS、B Corp以及其他社會(huì)價(jià)值評(píng)估機(jī)構(gòu)的加入。想要了解更多信息,您可以與社投盟秘書(shū)長(zhǎng)白虹女士、友成基金會(huì)秘書(shū)長(zhǎng)零慧女士聯(lián)系,她們就在這個(gè)會(huì)場(chǎng)上。
如果您對(duì)社會(huì)價(jià)值投資在中國(guó)的發(fā)展感興趣,請(qǐng)聯(lián)系友成和社投盟,我們將會(huì)是您在中國(guó)的聯(lián)絡(luò)窗口和堅(jiān)實(shí)的合作伙伴!謝謝!
Q&A
Q1:《境外非政府組織境內(nèi)活動(dòng)管理法》及新《慈善法》的頒布對(duì)國(guó)際組織在中國(guó)的發(fā)展有哪些影響?
王平:
今年,中國(guó)出臺(tái)了《慈善法》和《境外非政府組織境內(nèi)活動(dòng)管理法》。大家知道,在過(guò)去的十年中,中國(guó)的社會(huì)組織得到了很大的發(fā)展,現(xiàn)在已有大約30萬(wàn)家NGO組織和5000家基金會(huì);而政府在社會(huì)組織的管理方面缺乏經(jīng)驗(yàn)、規(guī)制和能力。在此背景下出臺(tái)的相關(guān)法律,無(wú)論對(duì)于境外NGO,還是國(guó)內(nèi)社會(huì)組織,都是一種規(guī)范和梳理——條文中不僅有對(duì)行為的規(guī)范,也有相關(guān)的激勵(lì)。中國(guó)的慈善公益事業(yè)從無(wú)法可依到有法可依,是中國(guó)法制建設(shè)的進(jìn)步,也是中國(guó)公益和慈善事業(yè)發(fā)展的有力保障,這是一件好事,是一次進(jìn)步;對(duì)公益慈善未來(lái)的發(fā)展有何影響,我們也將拭目以待。
Q2:基金會(huì)如何通過(guò)信息分享來(lái)倡導(dǎo)建立社會(huì)價(jià)值投資的合作生態(tài)?
王平:
得益于多年的經(jīng)濟(jì)發(fā)展,中國(guó)的慈善捐贈(zèng)逐年增長(zhǎng),越來(lái)越多的富人選擇做慈善家——如捐錢(qián)給貧困地區(qū)建學(xué)校。對(duì)于他們來(lái)說(shuō),Impact Investment是一個(gè)新概念。一方面,因?yàn)榫桢X(qián)更容易理解和操作,大額的捐贈(zèng)也更能引起公眾的注意;另一方面,多數(shù)富人仍執(zhí)著于高投資回報(bào)率,當(dāng)與他們溝通“社會(huì)價(jià)值投資”時(shí),他們會(huì)說(shuō),“只要能給我?guī)?lái)高回報(bào),我是會(huì)投的”。
所以說(shuō),我們?nèi)栽谂?,投資人教育還需要一個(gè)過(guò)程。
Q3:基金會(huì)已經(jīng)存在了很多年,而社會(huì)價(jià)值投資正在興起,處于上升階段,未來(lái)社會(huì)價(jià)值投資產(chǎn)生的影響力將超過(guò)基金會(huì),作為基金會(huì),如何看待基金會(huì)的空間和角色?
王平:
中國(guó)的國(guó)情有其獨(dú)特之處,政府的力量很強(qiáng)大也很有效。中國(guó)政府通過(guò)國(guó)有企業(yè)在農(nóng)村和貧困地區(qū)的投資來(lái)支持當(dāng)?shù)氐陌l(fā)展,我們有政府的軟性貸款,還通過(guò)PPP(Public Private Partnership)的方式進(jìn)行基礎(chǔ)設(shè)施建設(shè),這其中政府給予了很多的優(yōu)惠政策。
友成在倡導(dǎo)時(shí),更多地希望去影響私人部門(mén)。我們的做法是“以捐代投 以投返捐”:“以捐代投”主要針對(duì)那些尚未引起商業(yè)投資人注意的初創(chuàng)企業(yè),在商業(yè)天使投資進(jìn)入之前,公益基金會(huì)以“捐贈(zèng)”的方式扶持他們成長(zhǎng),使他們能夠脫穎而出;“以投返捐”則當(dāng)企業(yè)獲得商業(yè)投資后,企業(yè)和商業(yè)的投資機(jī)構(gòu)則反過(guò)來(lái)捐贈(zèng)一部分利潤(rùn)到公益基金會(huì),這部分資金將用于下一個(gè)處于種子期的社會(huì)創(chuàng)新型企業(yè)的扶持。
John Balbach:
對(duì)于所有基金會(huì)的工作和他們的做法我不能斷言,但我可以說(shuō),我們是在非常務(wù)實(shí)地解決問(wèn)題。我們所有的董事都說(shuō),高社會(huì)價(jià)值的投資是真實(shí)存在的,我們正處在一條高的軌道上,但仍然需要更多耐心、靈活、寬容的資本讓高社會(huì)價(jià)值的項(xiàng)目生存下來(lái)。
Christine Looney:
為了達(dá)到更加高效和透明的治理,越來(lái)越多的基金會(huì)開(kāi)始內(nèi)部持有他們的所有資產(chǎn),這是我看到的轉(zhuǎn)變,并仍將繼續(xù)。未來(lái)五到十年,在有影響力的倡導(dǎo)方面,公益慈善的重要作用將得到持續(xù)的發(fā)揮;但仍然需要各個(gè)行業(yè)的關(guān)鍵召集人和支持者繼續(xù)支持社會(huì)價(jià)值投資。所以,我認(rèn)為這是公益慈善的機(jī)遇。我認(rèn)為,在企業(yè)的不同發(fā)展階段應(yīng)有不同類(lèi)型的資本進(jìn)入,基金會(huì)應(yīng)該為其早期發(fā)展提供資金,這樣將降低后期的風(fēng)險(xiǎn),也將助力其發(fā)展至下一階段。
英文實(shí)錄
Topic: Foundations involvement in impact at differing stages with differing methods
• Advancing core social and environmental goals through impact
• The role foundations can play in using grants to de-risk impact investments
• Opportunities for impact: can investor strategies be streamlined?
• The next generation: how foundations strategies are changing
Moderator:
Gayle Peterson, Programme Director, Oxford Impact Investing Programme, Associate Director, Saïd Business School, University of Oxford
Panellists:
Madam Ping Wang, Chairperson, China Social Entrepreneur Foundation (AKA YouChange Foundation)
John Balbach, Programme Officer, MacArthur Foundation
Christine Looney, Senior Program Investment Officer, Ford Foundation
Gayle:
Ping, I think let’s start by talking a little bit about your journey when you think about stating several new organizations around 10 years ago and watching in China, how vast of wealth shifted towards neo-philanthropy and nevertheless that what including you two foundations’ significant resources and significant time invested in entrepreneurship. What do you see in china and what does china offer to the world? In terms of its own thinking about created really interesting platform about innovation please tell us about that.
Madam Ping Wang:
Thank you Galye. I’m happy to join this panel discussion and share thedynamics in China.
I’d like to briefly introduce the organizations I’m standing for. Almost 10 years ago, together with several top tier business leaders and academic scholars, I established YouChange China Social Entrepreneur Foundation, short as YouChange Foundation.
From then on, YouChange Foundation spent around 40 million US dollars tobuild the eco-system for social innovation in 3 aspects.
1st advocacy of social innovation and social enterprises,we translate books, host seminars, and provide trainings. One of the main achievements, is the publication of China Social Impact Investment Report 2016, collaborated with the top government think-tank - China Development Research Foundation. It is the first in China to offer a systematic description of the characteristics and conditions of Social impact investment in China.
2nd Social Angel Investment
We identified social change makers from startup Social Enterprises and NGOs, provided grants and other types of support to more than 170 founders ofthese organizations, many of them got followed up funding and grew into social impact players in the field.
3rd incubation
We incubated 16 social innovation programs in 9 years, through 3 steps:
Find the right partners
Set up goals and strategies together with them
provide seed funding, other resources, and long time accompany
Finally, those long term partners of YouChange became the key junctions of value chain.
The most significant incubation of YouChange foundation is the establishment of China Alliance of Social Value Investment, short as CASVI. In order to mobilize more market forces to engage in social change, together with around 50 leaders from investment, finance, business, academics and NGOs, we build up this inclusive, cross-sectors platforms with multiple players from grassroots to national institutions,to bridge the demand side and supply side.
CASVI is the 1st licensed NGO specializing in social impact investment promotion in China. Also,it’s born with an international structure. Wayne Silby from Calvert Foundation, David Galipeau from United Nations Social Impact Fund( UNSIF) are sitting in CASVI board. And more international experts in CASVI strategic committee.
Well, then what do we do with CASVI? Long in short, 3 parts:
1st capital: to call for “Social Value Fund Pool”.
On one hand, we encourage mainstream VC and PE funds to sign up Honor Code called “No-Evil”, to agree on negative list in investment practice, like UN PRI; On the other hand, we help social impact fund in China such as Tsing Capital to build up “social value umbrella funds”,like fund of funds, through model-design, LPs-referrals etc. For this part, we are happy to work together with global foundation, impact funds and other financial institutions, to make a difference in China.
2nd pipeline: to build up “Social Value Projects Pool”
We collaborate with national and local business association to organizeroad shows, events and contest in Beijing, Shanghai and Shenzhen cross China, connecting social enterprises and social innovation companies with potential investors and policy-makers.For this part, we appreciate to collaborate with international foundations and intermediary organizations.
3rd Evaluation: todevelop “Measurement Tool” inquantitative approach
We initiate 3A on-line platform to evaluate the company’s impact value. 3A stands for Aim-Approach-Action. In such tool, we score business or investment by analyzing its strategy, model, result and the most important the consistency of 3As. For this part, we are working closely with UN Social Impact Fund now, and we are also open to align with GIIN’s IRIS and B-corp, ect.
For more detailed information, you can talk to Angela, the secretary general of CASVI, and Ling Hui, the secretary general of YouChange Foundation.They are both here at the conference.
So, if you are thinking of a new emerging region for social impact investment, contact YouChange and CASVI. We will be your contact window and solid partner in China.
Thank you!
Q&A
Q1:Now I want to talk about actually NGO being in China, ford foundation has office in China. The law goes into effect soon and that have some implications on civil society organizations in terms of ford foundations for example in China, Ping would you like to talk about that? What’s the tension might be in terms of relationships with western foundations or organizations?
Madam Ping Wang:
This year, China published “The Charity Law” and “Overseas NGOs’ Domestic Activities Management Law”.
You may know that in the past 10 years, a great number of social organizations were founded, now there are more than 300,000 social organizations and 5,000 foundations. On the contrary, the government is lack of experience, regulations and capacity to manage them.
According to this background, the people’s congress passesed the charity law and other regulations. It’s not just about International NGOs, but also domestic social organizations. In general, the supervision is stricter.
However, I think it is a progress, a good thing. This is an opportunity and enabling environment for legitimate and well organized NGOs to develop. Hence, we should wait and see the real impact of the law enforcement in the future.
Q2:So the idea in terms of transparency to share information how one builds partnership based on the outcomes, whether there are unattended consequences, positive outcomes for foreigners. Ping, are you sure your information you’ve got you platform online. You too suggest that the audience could access that?
Madam Ping Wang:
We can see clearly that philanthropy in terms of donation has increased significantly in China after years of economy growth, and more and more millionaires, billionaires, rich people prefer to donate to charity such as building a school in the poor area. But impact investment seems a new concept to them. Because donation is easier to understand and easier to do. Also, high profile donation will easily attract public attention.
The 1st generation of rich people in China still have the high expectation of financial return after years experience of high speed growth and wealth accumulation. As for the investors, regarding social impact investment, they may say “OK, I CAN invest, as long as it brings me the high financial return for sure”.
We are in the early stage. It is the period, we need to advocate more. I am working on it.
Q3:We have one question was foundations are fiddle around for a long time as impact investment increases to judge your increases we working on the big vision what will be involved for foundations to diminish in size or increase in the volatility of a total chaotic system that we work in. so in closing, you’ll be out of jobs soon or in fact it will accelerate giving the dynamic of the market.
Madam Ping Wang:
In China we have very special, unique time and space. Because we have a very strong efficient government. And I think government pay a lot of attention to social impact through state owned enterprise to invest in rural area and poor area also state owned policy event. We have soft loan and we also have PPP, the government and private companies together to build the infrastructure also government give a lot preferential policies to the private side, that’s the contradict of China. So in YouChange foundation we want to promote civil society and to promote private sector to participate in this process. I think our model design is “from donation to investment and from investment return to donation”. So this means the donation from foundation we’ll fill the gap of pre-angel, the gap of seed stage and nobody notice these startup companies and we will choose the social aimed company to give them donation and let them develop into mature.
John Balbach:
I don’t know if I can predict exact what will do all foundations to work or find a way of that, but I can say that in fact we were very pragmatic in solving problems. About us, all directors saying that high impact investments are mainly in our firm that still true and we moving toward a good trajectory but there still really important role for those organizations willing to provide much more patient, flexible and tolerant capitals to fund us to survive.
Christine Looney:
You know my senses and what I am seeing in terms of transferred that more and more foundations are going to internally hold all their assets they could if they want to achieve efficient and clear governance. It is something we started to do and my senses that would be trying to continues and you know the less of the next five to ten years I see a continued important role for philanthropy that only in terms of advancing an impact voice and in this conversation. But there really need critical convener and supporters in all these industries to continue in every supporting effort in order to continue to work on this structure to support the market. So we see there are numbers of opportunities for philanthropy and those were the reasons. And the last picture is I think this area is blended finance come up varies times and I think foundations should be in the position to contribute and in those terms of transactions to fund NGOs and maybe this will de-risking and move on to next stage.
訂閱我們的電子郵件與新聞把握最新行業(yè)信息