With colliding economic and environmental crises, there is a need to facilitate the flow of capital to marginalized communities for improving health, well-being, and climate resilience, as it is often overlooked in past investments. Enabling conditions, such as policies, pipelines of investment opportunities, and mechanisms for communities to collaborate and solve problems, offer critical levers to catalyze investments.
The COVID-19 pandemic elevated the critical connection between health, well-being, and basic necessities, such as housing, water, and food, which have faced chronic disinvestment–particularly in marginalized communities. Shoring up this so-called “social infrastructure,” particularly in the face of the threat multiplier of climate change, is an urgent global priority.
Many efforts are underway to unlock capital for developing essential community infrastructure. Power over and control of capital is concentrated, as are decisions about what types of financial investments are used and where those investments go. Changing the flow of financial capital offers an important pathway for progress.
The world has witnessed an unprecedented explosion of innovations and strategies for aligning capital with social values. There is, therefore, a growing need to exchange experiences and ideas to better understand what is needed for system changes. Which forms of capital are needed beyond financial capital, and which solutions can be scaled?
Building from this exchange, this Salzburg Global Seminar program seeks to chart new synergies and envision what the new frontiers will look like for bringing new investment to finance the essential social infrastructure that all communities require. As part of the long-running Health and Health Care Innovation series, this program will offer an open, international, cross-sector exchange of interventions and policies that have proven to or show promise of directing new investment to finance: supply of adequate, affordable housing, clean water and resilient water infrastructure and healthy, durable food systems in marginalized communities.