State of the Field: Financing Systemic Transformation

Authors

  • Bruce Evan Goldstein Associate Professor, Environmental Design Program, University of Colorado - Boulder, USA. Corresponding Author: brugo@colorado.edu
  • Kim Sensener Research and Operations, Transformations Community - Malmö, Sweden
  • Steve Waddell Founder and Lead Steward, Financing Ecosystems for Systemic Transformation - Boston, USA
  • Magdalena J. Schneider Head of Finance and Operations, TransCap Initiative - Zürich, Switzerland

Keywords:

Systemic finance, Transformation, Sustaianability finance, Systems change

Abstract

The current finance system is not addressing the need for financing systemic transformation required by today's multifaceted crises. In this State of the Field session at the Transformations 2023 Conference, a panel of thought leaders in the field of systems finance discusses the limitations of dominant financial systems and the opportunities for their transformation. Key factors such as radical collaboration, an experimental mindset, and stakeholder inclusivity are identified as essential drivers to catalyze transformative finance. A new initiative called “Financing Ecosystems for Systemic Transformation” (FEST) is described that offers a new approach to applying these drivers to transform the finance system.

Author Biographies

Bruce Evan Goldstein, Associate Professor, Environmental Design Program, University of Colorado - Boulder, USA. Corresponding Author: brugo@colorado.edu

Bruce Evan Goldstein serves as the Lead Weaver of the Transformations Community and Associate Professor at the University of Colorado Boulder, in the Program in Environmental Design. He deeply values the TC and is dedicated to nurturing it. His research and practice focus on supporting transformative networks and communities.

Corresponding Author: brugo@colorado.edu

Kim Sensener, Research and Operations, Transformations Community - Malmö, Sweden

Kim has an undergraduate degree in Design + Change from Linnaeus University in Sweden. During her education, she built up and coordinated a local climate student association to push for climate action. With her multidisciplinary background in design, sustainability, research and political science, Kim is striving to contribute to a future beyond sustainability.

Steve Waddell, Founder and Lead Steward, Financing Ecosystems for Systemic Transformation - Boston, USA

Steve Waddell is a leader in the field of transformation, as well as a consultant, researcher and facilitator with decades of experience with innovation networks and systems change. Besides co-founding Catalyst2030, Steve is the founder of Bounce Beyond, a collective dedicated to accelerating systemic transformation. Steve currently focuses on developing financial practices, tools, and initiatives as the founder and lead steward of Financing Ecosystems for Systemic Transformation (FEST). 

Magdalena J. Schneider, Head of Finance and Operations, TransCap Initiative - Zürich, Switzerland

Magdalena J. Schneider co-founded several companies and associations and has extensive experience in the European banking and non-profit sector. She currently co-leads the Swiss Net-Zero Mobility prototype at the TransCap Initiative (TCI), a collaborative multi-stakeholder initiative that develops the conceptual underpinnings of systemic investing, tests these in real-world settings, and builds a community of practice.

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Published

2023-12-19

How to Cite

Goldstein, B. E., Sensener, K., Waddell, S., & Schneider, M. J. (2023). State of the Field: Financing Systemic Transformation. Social Innovations Journal, 22. Retrieved from https://socialinnovationsjournal.com/index.php/sij/article/view/6958

Issue

Vol. 22 (2023): Transformative Partnerships: Proceedings of Transformations Conference '23

Section

Sensemaking and States of the Field

Categories

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Copyright (c) 2023 Bruce Evan Goldstein, Kim Sensener, Steve Waddell, Magdalena J. Schneider (Author)

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