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Renato Mazzola is the managing partner of BTG Pactual and part of BTG Pactual Partners’ Committee. With more than twenty years of experience in the investment industry (including time at the Inter-American Development Bank and JP Morgan), he brings expertise in economics, capital markets, and international relations. He serves as a board member in companies spanning several countries, including Eneva, GlobeNet, Bodytech, and Estapar. Renato is on a mission to transform and define impact investing as part of organizational DNA -- instead of optional charity donations when there is extra cash lying around. His commitment to proactively change financial mindsets to long-term, sustainable investment practices has paid off: BTG Pactual has been consistently recognized since 2016 with awards for "Best Private Bank in Brazil" (World Finance Magazine), "Best Private Bank in Latin America" (Global Finance & Professional Wealth Management Magazines), and "Best Investment Bank" (Euromoney & World Finance Magazines).SummaryWhat do you do when your economic environment isn’t quite ready for the changes you know it needs? Join JP Dallmann and Renato Mazzola as they discuss the Latin American scene, the abundance of opportunities for long-term impact, and how to transform cultural DNA towards sustainable investment practices. Find out how to “have it all” as an investor of the future.Key points The evolving definition of sustainable development impact The worst aspects of the pandemic have proven the urgent need for more sustainable impact investment Latin America is behind European and North American markets, but this also means many opportunities for impact funding True test of “best practice” is about cultural DNA, not just observable behaviour Time stamps[5:44] Definition of sustainable development impact (and how it has evolved)[8:11] How lessons from the pandemic can help spur the momentum of impact investment[10:39] Latin American trends towards sustainability are taking hold, but not embedded into cultural DNA yet[14:48] Latin American infrastructure issues, example of water privatization in Brazil[21:15] What it would take for low-income populations to move out of poverty[26:08] The context and economics of European investments in Latin America[30:53] What is the right balance between foreign investment mentality and local, culturally appropriate approaches?[35:52] You can have it all! Invest for impact AND make profits[41:43] How to analyze a company’s investment on impactfulness (levels 1-3)[45:17] The evolution of BTG’s governing process and why it’s significant[51:53] Why the government’s inability to put up capital directly translates to opportunities for investors with entrepreneurial spirit[53:04] Are you the ideal investor? If so, reach out to Renato![59:09] Final words from Renato[1:01:01] Work with JP! You could be one of three founding sponsors to transform capital investing into impact investingUseful links Renato Mazzola linkedinBTG Pactual Team (Portuguese) BTG Pactual updates (English/Portuguese) BTG Pactual main site (English) BTG Pactual ESG & Impact Investing (Portuguese) WSJ article - Alternatives Gain Favor With Latin American InvestorsBNAmericas article - BTG Pactual snags 58% of Oi’s fiber business for US$2.3bn Call-to-actionsConnect with JP Dallmann on Linkedin, Twitter, Instagram and Clubhouse We’re looking for three founding sponsors! Contact us to help you transition into Sustainable & Impact Investing - ILA & Partners Impact Leaders is produced by Podcast Publishing