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April 2026 | Amsterdam

HIGHLIGHTS 2025

 

  1. A Defining Moment for Impact Investing


    Amsterdam, 1 – 2 April, 2025

    The 11th edition of Impact Summit Europe brought together a highly curated audience of 380+ financial leaders, including institutional investors & asset owners, a select group of impact asset managers, research organisations, and industry partners from around the globe.

    Against the backdrop of global uncertainty and pressing sustainability challenges, this year’s summit aimed to deliver a powerful message under the theme “The New DNA of Institutional Investments”.

    Dirk Meuleman, CEO of Phenix Capital Group, issued a clear call to action:
    "Investments are never neutral. No action exists in isolation, no investment is neutral, and no institution stands apart from the ripple effects it creates. This understanding must not be an afterthought—it must be woven into the very DNA of institutional investments. Within the concept of fiduciary duty, risk, return, and purpose are fundamentally linked."

    Institutional investors are no longer bystanders—they are co-authors of global change. With the right data, alignment, and intentionality, they can lead a new era where investments are driven not only by performance, but by values and measurable outcomes.

    This means rethinking how capital is deployed—encouraging a mindset that embraces risk and supports bold, innovative solutions. It requires investing in impact-driven businesses not only for their social and environmental contributions but also for their long-term profitability and resilience. As younger generations increasingly demand ethical and responsible investment strategies, pension funds and asset managers must evolve to reflect these values. 

    We thank our speakers, sponsors, partners, and audience for being bold in their ambitions, for sharing their expertise, challenging the status quo, addressing polarizing topics, and for advocating and acting in the interests of all!

    We look forward to continuing this journey with you, join us globally at one of our convenings around the world!

Impact Summit Europe 2025, Muziekgebouw aan 't IJ, Amsterdam

All information and recordings of Impact Summit Europe are proprietary products and owned by Phenix Capital Group.The reproduction, misuse, dissemination, distribution, and modification are strictly prohibited without the knowledge and permission of Phenix Capital Group. For more information visit our Event terms and condition at www.phenixcapitalgroup.com

 

QUICK TAKEAWAYS

📈Phenix Capital Group estimates that €701 billion has been raised by impact funds since 2015, representing a 160% growth. (read full report below)

🧬 Institutional Capital Evolution
 Institutional investors control more than $200 trillion globally, yet only a sliver of that capital flows to SDG-linked projects in low- and middle-income countries.

 No Trade-Off Needed: Reinforced belief that impact investing doesn’t mean sacrificing returns.

🔀 Blended Finance: A Pioneering Tool
Blended finance has grown from $8 billion in 2023 to $18 billion in 2024.
The blended finance market still remains underutilized, Investors should

💰 Family Offices: Early Movers
Speed & Conviction: Family offices integrate values deeply, enabling fast decision-making and long-term relationship building, especially with emerging fund managers
 Family offices often lead in emerging markets where opportunities are higher.

✝️ Faith-Consistent Investing is Rising
An estimated €10 trillion in faith-consistent investment is held by global faith communities and their institutions.
Islamic Finance has the bulk of it with roughly $5 trillion while Christian investing accounts for roughly $2 trillion of that total. The remainder is comprised of Jewish and Eastern faith traditions

🌿 Nature Financing
The global funding gap for nature and biodiversity is USD 700 billion.
The agri-food sector, is increasingly viewed as biodiversity’s equivalent to renewable energy - rich with opportunity, if approached creatively. 

💳 Private Credit vs Private Equity
Private equity is under pressure—fundraising is slowing, exits are harder, and scrutiny is rising.
Meanwhile, private credit is booming, filling the gap left by banks with flexible, structured financing options.

💡Impact Evidence & 4IR (Fourth Industrial Revolution)
From the early days' "believe me" to "show me" - today "prove it to me"
It all starts with a clear theory of change. Investors need to be intention-driven and data-assisted – and AI can make us much more.

🧲 Catalytic Capital: De-risking Emerging Markets
Philanthropic capital is a powerful tool to de-risk investments and unlock market-based solutions.
Catalytic Capital should NOT be used to improve risk-return profile, it must enable the market capital - not replace it. 

 

EXPERTS INTERVIEWS

 
 
Arjen Pasma, Chief Investment Officer, PGGM
 

"Impact investing is a very important element in the investment strategy and policy of our beneficiary- the healthcare sector pension fund, sustainability and making a positive impact on the world are keys in the investment beliefs of PSW. Obviously we try to balance having a good financial return, good risk and having a positive Impact on the world. That's why we call it 3D investing, this is how we want to balance those three things in the portfolio."

 
 
Karlijn van Lierop, Head of Impact Investing, Achmea Investment Management
 
"The key values that are really important for us are really intentionality and feasibility. I think intentionality is very much at the heart of how we want to to do impact investing because making sure that we really make real world impact is really essential for us. It's really about the depth and breadth of the impact investments. "
 
 
Peter Arnold - Head of European Private Markets, LBP AM
 

"The biggest challenge for impact investors today and as I said in my speech is scalability. There are many many things that are happening in impact across the globe but what we need, is for them to be impactful today and for that you need to find more private money that goes into investments that are scalable...I think the confluence of AI internet of things and tokenization are really going to create an exponential growth in all forms of impact investing but key to that will be in in the carbon space and renewable energy."

 
Cecilia de Lima Pessanha - Impact Management & Sustainable Investments, COFRA

 

"I think we have three main challenges facing impact investing today. First one is impact washing and so that you know that impression that somehow impact is not really actually being realized as we expected .The second one is a misconception that impact investing is always concessionary investing and that somehow you have to give up commercial returns to every investment that you make in the impact space...and I guess the third one is the politization of the term somehow and the current state of the world."

 
Guido Boysen - Chief Investment Officer, Blink CV

 

"I decided to work in impact investing because I felt one could use capital for a purpose, not just to make make money but to really achieve a positive outcome. At Blink, we really look at at impact which is very central to our investment approach. So for any investment, we look at ,we really look at at what are the measurable outcomes, what is the the impact the fund is trying to achieve. So for us , impact broadly speaking is is very crucial."

 

 
Jean Baptiste de Franssu, President of the Board of Directors, The Vatican Bank
 
"As a chair of the Vatican bank, the institute for the work of religion in Rome, what drives the value that drives our investment are clearly based on our faith, you know, it's all about being coherent between what we believe in as Catholic and what we do with our money, how much our money can contribute to the common good in the world and this is based on the scripture, this is based on the so social teaching of the church which spans out for hundreds and hundreds of years."
 
Julia Balandina Jaquier - Chief Investment Officer, Tara family office

 

"I see the impact investment space evolving tremendously in the next 5 to 10 years, at least in the areas of family offices, which I am very active in. We are focusing more and more not just in scaling impact, on having a lot of impact, and having deeper impact but really looking at transformation and systemic solutions. And while we are all still learning and trying to navigate this new and very difficult space, I hope in five to 10 years, we will have much more successful examples of systemic innovations and investable solutions that can transform industries." 

 
Olaf van den Heuvel - Chief Investment Officer, Achmea Investment Management

 

“I think the impact investing space is evolving in a very positive manner. It's really about a coming of age of the industry, so we see a lot lot more opportunities coming up.  We see clients who want, who need more transparency, more  openness about the investments and the goals that we have for those investments which I think is good it's all about coming of age. I think slowly but steadily this will be growing evolving and probably even become part of mainstream investing."

 
Jan Ståhlberg - Founder and Managing Partner, Trill Impact

 

"One of the challenges for impact investing is to measure impact because when you look at, when you look at financial returns they can very easily be reported and captured. Impact is much more difficult to assess. So you have to have a very creative way and a structured way to find impactful ways to make money, to combine businesses with impact and produce value and then you got to be able to measure that value, report it to investors and make sure that with all the aspects you see in the business, that you are on the positive side."

JOIN YOUR PEERS IN 2026!

March - April 2026, Amsterdam, The Netherlands

SESSIONS REPLAY

 

Dutch ingenuity: from fighting climate uncertainties to engineering capitalism

In this keynote speech, Russell Shorto, Author, Amsterdam: “A History of the World’s Most Liberal City” and “Taking Manhattan”; Director, The New Amsterdam Project at The New York Historical explores how Amsterdam’s history is defined by resilience, innovation, and collective action—transforming flood-prone land into thriving communities through pioneering engineering and economic systems. In an age of climate change and uncertainty, its legacy reminds us that true strength lies in unity, adaptability, and bold vision.

 

Re-defining risk adjusted return: balancing ethical, ecological and economic factors

In this executive investor panel, speakers: Olaf van den Heuvel, Chief Investment Officer, Achmea Investment Management; Guido Boysen, Chief Investment Officer, BlinkCV; Julia Balandina Jaquier, Chief Investment Officer, Tara Family Office;Arjen Pasma, Chief Investment Officer, PGGM and moderator,  Evalinde Eelens, MBA, MSC, FRM, CAIA; Professional Board Member,  Pension Funds; explored how investors weigh ethical, ecological, and economic factors before and after investment decisions, with a focus on managing reputational risk and future-proofing portfolios. 

 

Exclusive Interview I EU Competitiveness: advancing impact investing for growth

In this insightful session, Jan Ståhlberg shares his perspective on the urgent need for Europe to adopt a more agile and capital-efficient regulatory framework—especially to support mid-sized and innovative companies. He also emphasizes the importance of boosting investment in AI and technology to close the gap with the U.S., and highlights the growing demand from younger generations for ethical investing, urging pension funds and asset managers to adapt accordingly.

 

Keynote Speech | The fourth industrial revolution: technologies that will influence how we invest

In this keynote, Peter Arnold outlines how the Fourth Industrial Revolution—defined by the convergence of digital, biological, and physical systems offers a pathway to address global challenges, with climate change at the forefront. He emphasizes Europe’s unique opportunity to lead this transformation through sustainable innovation, strong regulatory frameworks, and strategic public-private partnerships.
 

Scaling blended finance: how can we create efficient structures that are repeatable and scalable

In this session, speakers, Ashish Kumar, Advisor, Pensions for Purpose; Dolores de Rooij, Senior Business Development Manager Blended Finance, Invest-NL; Joan Larrea, Chief Executive Officer, Convergence Blended Finance; Lev Plaves, Director of Investments, Kiva Capital; Timothée Jaulin, Head of RI Development and Advocacy, Amundi Asset Management; and moderated by Birgitte Frost Mathiesen, Managing Director, Invest for Impact Denmark; discussed how blended finance can be used strategically, whether to pioneer emerging asset classes like early-stage equity and green bonds, or to mobilize capital where markets show growing maturity. 

 

Panel Discussion | Accelerating the energy transition: financing trends in high income economies

In this session, speakers: Alexander Ruesch, Investor Relations Director - Luxcara; Carolina Echecopar, Investment Manager, Carbon Equity; Greg Wasserman, Head of Private Climate Investing, Wellington Management; Remco van Montfoort, Team Lead Public-Private, Partnership, Invest-NL and moderated by Merei Wagenaar, Executive Director, UN Global Compact Network Netherlands discussed the evolving financial strategies driving the clean energy transition in high-income regions like Europe and North America. 

 

THE BIG IMPACT DEBATE

In this lively two-part debate, thought leaders went head-to-head on two of impact investing’s most pressing questions. 

First up was Laure Wessemius-Chibrac (Founding Managing Director, Netherlands Advisory Board on Impact Investing) vs. Hans Stegeman (Chief Economist, Triodos Bank) who debated whether or not investors should step in where governments fall short. Laure made the winning case that stepping in is necessary, it's already happening. In round two, Robert A Schultz (Partner, Capricorn Investment Group) vs. Cecilia Pessanha (Senior Manager, Impact Management & Sustainable Investments COFRA) who debated whether or not the source of capital is equally as important as the use of capital, with Cecilia swaying the audience by affirming that true impact starts with integrity at the origin. 

(DISCLAIMER: These are not personal opinions, participants were tasked with arguing 'for' or 'against')

 

Morality & the market: an inside look at the Vatican Bank's mission to align faith and finance

Jean-Baptiste de Franssu joins Carol Tarr of Phenix Capital Group for a compelling discussion on the future of faith-based investing. With $2 trillion in Christian-managed assets, he highlights the gradual shift among Catholic investors from ESG to faith-aligned strategies and emphasises the need for investment products that truly reflect these values.

 

Investor Panel I A famine for PE, and feast for PC: scaling returns, exits, & innovations

In this insightful session, speakers, Erwin Houbrechts, Manager Sustainable Investments, PGB Pensioendiensten; Matt Christensen, Global Head Sustainable & Impact Investing, Allianz Global Investors; Dimple Sahni, Managing Director Multi Asset Impact, Anthos Fund & Asset Management; and moderated by Elizabeth Clark, Head of Investment Leaders Group – University of Cambridge Institute for Sustainability Leadership discussed   how to navigate economic volatility through strategic exits, innovative value-creation models like employee ownership, and the rise of mega-funds in sustainable infrastructure. The panel also explores how emerging asset classes—such as natural capital and private credit—are helping diversify impact portfolios and support growth-stage companies.

 
Panel Discussion I Catalysing impact: the foundational role of mission-driven capital in driving innovation for social change
 

In this session, speakers, Bahaa Eddine Sarroukh, Impact Investments and Innovation Lead, Philips Foundation; Stefan Wilhelm, Associate Director Social Impact, Bayer Foundation; Matthijs Blokhuis, Managing Director, Noaber; Cheyenne Kooijman, Lead European Partnerships, Draper Richards Kaplan Foundation; and moderated by Peter Cafferkey, Representative, Impact Europe delved into how foundations and mission-driven capital are crucial in fostering innovation and driving long-lasting social change. The discussion highlights the pivotal role these entities play in addressing societal challenges and creating transformative impact.

 

Keynote I Cultural capital: investing in heritage, creativity, and sustainable growth

This session explored the often-overlooked potential of cultural capital as a catalyst for long-term economic and social value. Speakers, Cathelijne Broers, Director, het Cultuurfonds; Carlien Blok, Director, Hortus Botanicus; and moderated by Simon van Veen, Advisor, Phenix Capital Group highlighted how organizations like Cultuurfonds are using catalytic funding to unlock scalable, investable opportunities in heritage and creative sectors.

 

Panel Discussion | Nature finance funding gap: building the investment case for the private sector

In this session, speakers, Anita De Horde, Executive Director, Finance for Biodiversity Foundation; Aaron Vermeulen, Global Finance Practice Leader, WWF International; Gemma Roex, Impact Measurement and Management Lead, Phenix Capital Group and moderated by Suzanne Rosman, Director, PYM; examined the critical role of ecosystems in carbon sequestration and the urgent need to address biodiversity loss, deforestation, and ecosystem degradation. Speakers discussed how nature-dependent industries—such as agriculture, forestry, construction, and energy can manage risks and unlock nature-based investment opportunities, with a focus on driving meaningful impact through targeted action.

 

Interactive Discussion | Survival of the fittest

This dynamic session introduced the concept of competitive sustainability, a forward-thinking framework that moves beyond traditional ESG compliance to position businesses for long-term success. Speakers, Elizabeth Clark, Head of Investment Leaders Group, University of Cambridge Institute for Sustainability Leadership and Prachi Modi, Programme Manager, Phenix Capital Group examined why conventional models have fallen short, how sustainability can become a strategic advantage, and the role of policy and leadership in aligning profitability with resilience and systemic change.

All information and recordings of Impact Summit Europe 2025 are proprietary products and owned by Phenix Capital Group. The reproduction, misuse, dissemination, distribution, and modification are strictly prohibited without the knowledge and permission of Phenix Capital Group. For more information visit our Event terms and condition at www.phenixcapitalgroup.com

SESSIONS AT A GLANCE

DAY 1 | April 1st, 2025

 

DAY 2 | April 2nd, 2025

OPENING ACT

 

As we shaped the theme for the 11th edition of Impact Summit Europe, we asked ourselves: Where does the financial sector stand on the curve of evolution? Are we adapting to a volatile world and building resilience—or retreating, risking irrelevance? And what does it take for institutional portfolios to truly reflect today’s market needs and ambitions?


Yana Kaloshina, Events Director at Phenix Capital Group, shared her vision: impact - or meaningful investing—should no longer be seen as a separate asset class or marginal allocation.
“We’ve reached a point where purpose must be embedded in an organisation’s DNA and drive every decision., reflected through this year’s theme, ‘The New DNA of Institutional Investments’. 


To open the summit, we created a powerful, emotional experience blending performance, technology, and multimedia - setting the tone for why we were there. The anticipation in the room was palpable as we kicked off with energy and intention.
Special thanks to our creative partner ISSIMO Story Agency, led by Jacob Hoene, and the talented graduates of the Conservatorium of Amsterdam for their beautiful contribution. 

 

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LOOKBACK 2024

Take a look at what was happening at Impact Summit Europe 2024.

 

2025 SNAPSHOTS

MORE CONVERSATIONS ON IMPACT INVESTING

 

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