Sir Ronald Cohen is the chair of the Global Steering Group for Impact Investment.
Cliff Prior is CEO of the Global Steering Group for Impact Investment.
Covid-19 has magnified every existing inequality in our societies. The human suffering caused by the pandemic has been felt globally, disproportionately hitting those who are most vulnerable. Data released by the Bill and Melinda Gates Foundation this week shows a shocking 7% increase in extreme poverty as a result of Covid-19.
And while billions of people are hurting, a few have been looking out for profits: in April, rather than channelling funds where they are needed most, a rush of private investors entered the stock market, hoping to pick up bargains amid the falling shares of FTSE 100 companies.