The pandemic has accelerated the need for large-scale solutions to the economic, social and environmental challenges we all face." -Tania Carnegie

Impact Investments and COVID-19

Tania Carnegie, Leader of KPMG Impact Ventures practice, discusses how impact investing by private equity firms is key to those solutions.

In the November keynote article from Private Equity International, Carnegie answered ten important questions that are shaping conversations around impact investing, including how the approach will evolve and the potential obstacles.

Carnegie believes that with the disruption impacting industries and communities, there’s a need for bold new thinking to match the challenges.

“The result has been an increased imperative for commercial opportunities to address these problems at scale, with corresponding interests from investors to support them. This has been a positive by-product of what has undoubtedly been an awful situation.”

Working with Purpose

Working with purpose is on the forefront of private equity as well as the hearts and minds of global leaders. In the recent KPMG 2020 CEO Outlook COVID-19 Special Edition report CEOs believe that purpose is more powerful and relevant than ever. Seventy-nine percent of CEOs state that they have a stronger emotional connection to their company’s purpose than they did before the pandemic began and 77 percent say that their purpose has helped them understand what they need to do to meet the needs of stakeholders.

As establishing a strong purpose becomes a standard aspect of all companies, this will create a fertile pipeline for private equity firms across the spectrum – creating opportunities to invest in new technologies and innovations that positively influence and evolve industries and daily life. For the PE industry the opportunities are abundant – leading the recovery and showcasing the benefits that impact investing offers.