As of mid-September 2020, Covid-19 has killed more than 900,000 people worldwide, sickened 28 million more, created extreme volatility in global financial markets, and triggered the most devastating global economic depression in nearly 100 years. This, despite widespread stay-at-home orders and mandated business closures, and despite governments spending nearly $10 trillion dollars to support capital markets, workers, businesses, and families impacted by national shutdowns. And economists warn that the worst is yet to come.
In response to the Covid-19 pandemic and ensuing economic disaster – and in partnership with Moving the Market (MtM) – The Investment Integration Project (TIIP) launched the Understanding Systemic Social Risk project to help the financial industry understand why and how social and financial systems have been so quickly and easily devastated by a single social disruption and to recommend a way forward, one that rejects calls to “get back to [the] normal” that got us into this mess in the first place and that embraces major structural change.
TIIP and MtM co-hosted a webinar on October 15th 2020 at 11:00am ET featuring a preview of preliminary findings and recommendations from the forthcoming project report. It is the second in a series of project webinars that aim to ensure that industry stakeholders are up to date on project activities and have an opportunity to provide feedback at various stages of project completion.
Watch the recording of the webinar here.
MtM is an initiative supported by Humanity United, UBS Optimus Foundation, and The Freedom Fund to encourage investors’ consideration of social issues across asset classes.