Future Capital: Financing Global Development

WAAS Roundtable on the

Future Capital: Financing Global Development

The World Bank, Washington D.C. – September 16-17, 2019

The world possesses all the financial resources needed to meet humanity’s material needs and foster wellbeing. Money is a unique human invention, a networking device to extend mutually beneficial human relationships in space and time, and a powerful instrument for promoting sustainable development and wellbeing. But the global monetary and financial system misconstrues its fundamental purpose and role in society and is underperforming and misperforming its intended role. A new financial paradigm is needed based on a fundamental change in consciousness and values.


Left to right: C. Hammer – Program Manager and Secretary of Development Data Council, The World Bank 
H. de Souza – President, World Academy of Art and Science (WAAS); Former Rector Federal University of Sao Carlos, Sao Paulo, Brazil; Former President, United Nations University (UNU), Tokyo, Japan 
L. Ford – Accredited Investment Fiduciary; Founder and CEO, Conscious Capital Wealth Management, USA; Former Co-Chair of Retirement Income Industry Association 
G. Jacobs – Chief Executive Officer, World Academy of Art & Science and World University Consortium, USA; Vice-president, Mother’s Service Society, India; Member of Club of Rome

Day 1 – September 16, 2019

8:30 am Registration
9:00 am Welcome: Craig Hammer, Garry Jacobs, Heitor Gurgulino de Souza
9:15 am Overview of the Future of Capital Initiative

  • Background, Goals and Objectives of FCI
  • Reflections on the meeting at UN in NY.
  • Why Conscious Capital?
  • Types of capital and their role in development and wellbeing.
  • Evolution of money from individual trust to symbol of social power
  • The foundations for creation and multiplication of money.

Moderators: Lawrence Ford and Garry Jacobs

10:15 am Break
10:45 am Innovative Strategies for Financing Sustainable Development

  • The role of financial markets in human development and social evolution.
  • Transforming financial markets.
  • Financing Climate Action Program and the SDGs.

Moderators: Steven Lovink and Mila Popovich

12:00 pm Lunch
1:00 pm Digital Financing for Sustainable Development

  • New consciousness meets new financial currencies.
  • Financial innovations, new technologies and digitalization
  • Blockchain currencies and other financial innovations.
  • SDGM platform.

Moderators: Tillman Bruett and Stefan Brunnhuber

2:30 pm Break
3:00 pm Bridging Futures

Special Panel with Lawrence Ford and Xiye Bastida Patrick

4:00 pm Whole Systems Approach to Conscious Capitalism

  • Aligning global economic policies and financial systems with the 2030 Agenda.
  • Aligning social systems to promote real wealth creation and sustainable development.
  • Investing in effective democracy and business regulation.

Moderators: Frank Dixon and Lawrence Ford

5:00 pm Open discussion

Moderators: Jerome Glenn and Mila Popovich

5:30 pm Closing
6:00 pm Dinner – Chalin’s Restaurant, 1912 I Street NW, Washington DC 20006
Tel: 202 – 293 6000

Day 2 – September 17, 2019

9:00 am  Theoretical Foundations for Conscious Capital

  • Limitations of prevailing economic theory.
  • Accounting for Externalities.
  • New Global Dashboard.
  • Reorienting economic strategy and financial markets for sustainable development & wellbeing.
  • Towards a theory that maximizing human welfare and wellbeing.

Moderators: Garry Jacobs and Pavel Luksha

Presenter: Hazel Henderson

10:15 am  Break
10:45 am Systems Change Investing

  • Conscious Capital and Conscientious investing.
  • Sustainable Responsible Investing & CSR.
  • Multi-dimensional framework for investment decision-making—Economic, Societal, Environmental and Consciousness.

Moderators: Frank Dixon and Lawrence Ford

11:45 am Business & Finance

  • Reconciling purpose-driven business models with public good and private profit.
  • Scaling business models that promote the common good.
  • Policy, regulatory and incentive structures to promote conscious capitalism.
  • Incentive structures for business.

Moderators: D. J. Martin

Presenter: Mark Meaney

12:00 pm Lunch
1:30 pm Human Capital Formation

  • The special role of Human Capital in Human Development.
  • Nexus between Education, Technology and Employment.
  • Need for new paradigm in education.
  • Financing human capital development
  • Global strategies for transforming education.

Moderators: Pavel Luksha and Neantro Saavedra-Rivano

2:45 pm Break
3:15 pm Making Capital Conscious

  • The Human Value of Money
  • Transforming intention into a global social movement.
  • Multi-stakeholder approach.
  • Envisioning a world in which Agenda 2030 SDGs have been fully realized.

Moderators: Lawrence Ford and Garry Jacobs

 4:15 pm Initiating Social Transformation

  • The process of social change.
  • How social change can be consciously initiated.
  • Evolution of social power
  • The power of money and its relationship with other forms of social power.
  • Transformation of power relations
  • Multiplying money and social power for beneficial purposes.

Moderators: Paul Shrivastava and Rodolfo Fiorini

5:15 pm Next Steps for Future Capital Initiative

Moderators: Patricia Klauer, Mila Popovich and Craig Hammer

5:30 pm Closing/Conclusion

WAAS Roundtable on the

Future Capital: Financing Global Development

The World Bank, Washington D.C. – September 16-17, 2019

  1. Robert Berg: Chairman of the Board, Alliance for Peace-building; WAAS Fellow
  2. Nilima Bhatt: Founder Director, Shakti Fellowship; speaker, facilitator and coach in the fields of Personal Mastery, Leadership, Gender Equality and Wellbeing
  3. Tillman Bruett: Director, Secretariat of the UN Secretary-General’s Task Force on Digital Financing of the SDGs at UNCDF
  4. Stefan Brunnhuber: Trustee at WAAS, Economist and Endowed Professor / Chair in Psychology and Sustainability. CMO of a psychiatric academic teaching hospital in Germany
  5. Frank Dixon: WAAS representative to UN ECOSOC in New York and adviser on sustainability and system change. Author of the Global System Change books. Former Managing Director for ESG research for Innovest and developer of the System Change Investing approach. Harvard MBA
  6. Lloyd Etheredge: Director, Policy Sciences Center, USA; Fellow, World Academy of Art and Science
  7. Rodolfo Fiorini: Professor of Bioengineering at the Department of Electronics, Information and Bioengineering, Politecnico di Milano University, Italy; WAAS Trustee
  8. Lawrence Ford: Accredited Investment Fiduciary; Founder and CEO, Conscious Capital Wealth Management, USA; Former Co-Chair of Retirement Income Industry Association
  9. Gil Friend: Founder, chair, and CEO of Natural Logic Inc; Founder of Critical Path Capital
  10. Jerome Glenn: CEO of the Millennium Project with 65 nodes around the world. Lead-author of the State of the Future reports, co-editor of Futures Research Methodology 3.0. Designed and manages the Global Futures Intelligence System
  11. Heitor Gurgulino de Souza: President, World Academy of Art and Science (WAAS); Former Rector Federal University of Sao Carlos, Sao Paulo, Brazil; Former President, United Nations University (UNU), Tokyo, Japan
  12. Craig Hammer: Program Manager and Secretary of Development Data Council, The World Bank, USA; WAAS Associate Fellow
  13. Hazel Henderson: President, Ethical Markets Media Certified Benefit Corporation, USA; Fellow, World Academy of Art and Science
  14. Kimberli Hudson: Entrepreneur; CEO, Nexi; Co-founder, Unruli; Member, Finance Committee and Vestry, All Saints Episcopal; Board Member, Conscious Capitalism Los Angeles.
  15. Senthil Inbarajan: Software Professional, USA
  16. Garry Jacobs: Chief Executive Officer, World Academy of Art & Science and World University Consortium, USA; Vice-president, Mother’s Service Society, India; Member of Club of Rome
  17. Prachee Kale: Director, Diverse Talent Management and Advancement at The Depository Trust & Clearing Corporation (DTCC)
  18. Patricia Klauer: Principal, Aligned Intelligence
  19. Steven Lovink: Founder & CEO, Company NamePlanet2025 Network & Power of One; Visionary entrepreneur, change agent, and peace ambassador committed to building bridges toward a sustainable future
  20. Pavel Luksha: Founder & Director, Global Education Futures initiative; Co-founder, Global Change Leaders movement of educational & social innovators; Professor of Practice, Moscow School of Management SKOLKOVO
  21. Elsie Maio: Founder, Humanity, Inc. and Creator of SoulBranding
  22. Michael Marien: WAAS Fellow, heads the Academy’s Security & Sustainability Guide project (www.securesustain.org) to >2000 organizations.  Recent focus on science reports, greening capitalism, and essential ideas for 2020 leaders
  23. Daniel Martin: Founding Member, Astia Angels; Investor is various organizations
  24. Mark Meaney: Associate Professor & Executive Director, Center for Ethics and Social Responsibility, University of Colorado, Boulder
  25. Peta Milan: Director, Transcendent Media Capital; Associate Fellow, WAAS
  26. Terry Mollner: Chair, StakeHolders Capital, Inc.; Board Member, 300x2050Inc.
  27. Jamie Moy: Founder, Strongurl; co-founder, Women on the Block
  28. Xiye Bastida Patrick: Climate justice activist and youth leader, Fridays for Future NYC
  29. John Petersen: Futurist, Founder & President, Arlington Institute
  30. Mila Popovich: Founder, EVOLving Leadership; WAAS Fellow & Chair of Membership Nominations Committee
  31. Thomas Reuter: Anthropologist with a research focus on Asia at the University of Melbourne. Trustee of WAAS. Member of of Future Earth (Asia).
  32. Neantro Saavedra-Rivano: WAAS Associate Fellow; Professor Emeritus, University of Tsukuba (Japan); Project Coordinator, ABIPTI (Brazil)
  33. Navroop Sahdev: Founder & CEO, Rethink Markets and Fellow, MIT Media Lab
  34. Paul Shrivastava: Chief Sustainability Officer, The Pennsylvania State University; Director, Sustainability Institute; Professor, Management and Organization, Smeal College of Business
  35. Patrik Somers-Stephenson: Partner of Barrett Values Centre, co-founder of Valuemanity
  36. Douglas Wilde: Managing Partner and Chief Investment Officer, Wilde Capital Management, LLC

WAAS Roundtable on the

Future Capital: Financing Global Development

The World Bank, Washington D.C. – September 16-17, 2019

WAAS Roundtable on the

Future Capital: Financing Global Development

The World Bank, Washington D.C. – September 16-17, 2019

Climate Change
Xiye Bastida Patrick

Whole Systems Approach to Conscious Capitalism
Frank Dixon

Digital Financing for Sustainable Development
Tillman Bruett

Financing the Future
Stephan Brunnhuber

Initiating Social Transformation
Rodolfo A. Fiorini

Human Capital Formation
Neantro Saavedra-Rivano

Future Capital Landscape
Gil Friend

Innovative Strategies for Financing Sustainable Development
Steven Lovink

Technological Adoption and the New World Economic Order
Navroop Sahdev