On May 3, Skoll Foundation COO Richard Fahey and Managing Director of Capricorn Investment Group Dipender Saluja spoke on impact investments at the Australian Environmental Grantmakers Network (AEGN) lunch in Melbourne.
They shared the granting and social investment practices of the foundation.
More from the AEGN:
“The Skoll Foundation works across many sectors, but their work in supporting sustainable markets is particularly relevant to us.
The Skoll Foundation believes that today’s markets do not reflect the real costs of degraded natural resources and unjust labor practices or the hidden opportunities for long-term value creation. Governments and civil society cannot win this battle alone; markets need to mobilize resources to speed this transformation, with supply and demand geared toward sustainable products, services, and practices. The Skoll Foundation advance innovations that harness the power of markets to drive change by considering all costs and opportunities with a long-term perspective.
Impact investing is primarily distinguished by its intention to address social and environmental challenges through deployment of capital. This event comes at a time of growing interest in impact investing in Australia with the Federal Government recently releasing a major paper on the issue.
Richard Fahey, Chief Operating Officer
Richard Fahey leads the Skoll Foundation’s financial and operations functions. He has more than 20 years of experience in financial and operations management with Hewlett-Packard, most recently as Finance Director for HP Services, where he was responsible for global financial policies and compliance in areas such as revenue recognition and expenditure controls.
As a Research Analyst with the Federal Reserve Board, Richard modeled the relationship between interest rates and inflation expectations.
Richard earned a bachelor’s degree in economics and history from Georgetown University and a master’s degree in business administration from the University of Chicago.
Dipender Saluja, Managing Director, Capricorn Investment Group
Dipender Saluja oversees investments in energy technology, cleantech, IT and emerging markets. Dipender is also President and CEO of Automatiks, a Capricorn portfolio company developing energy management platforms. Previously, Dipender was Chief of Staff at Cadence, and prior to that worked at Data General (now EMC), Honeywell and ROLM (now IBM). Dipender serves on the boards of Sunpreme, AST, Embrace, Liquidity, Automatiks and CalStart.
This event has been made possible by the generous support of the Lord Mayors Charitable Fund.”