Academic Courses GIMLA organizes courses at the HSG for Bachelor's and Master's students. Planned Courses Bachelor's level: Inclusive Business in Brazil (Spring Term 2017) Master's level: Latin America Compact (Fall Term 2017) Concluded Courses Investing for Impact: Redefining the Meaning of Return through Impact Investments Spring Term 2015(Academic Course Master Level) University of St.Gallen, Switzerland This course took place at the University of St. Gallen, Switzerland at Master's Level in the Spring Semester of 2015. The participating students in this elective course study a variety of subjects including Business Administration, Economics, Law and International Affairs. Content: The content of this course is both, novel and highly relevant. The currently dominant investment paradigm is based on presuming a universal desire of investors to yield a risk adjusted optimal return i.e. the highest possible financial return within the boundaries of their appetite for risk. Impact investing questions this paradigm and argues that the objective of an investment can be to generate a positive social and / or environmental impact alongside financial returns. This course encouraged and supported critical thinking by integrating both, ethical reflection on, as well as concrete examples for impact investments. Method: This course was focused on facilitating an environment where participants drive an activity based learning experience. Following the introductory session participants researched an impact investing opportunity and developed a fictitious investment structure for a social enterprise. In addition the opportunity to discuss with impact investing practitioners was provided in this course. Goals: The goal of this course was to give an introduction to impact investing. This course provided a broader perspective on finance, as a means to achieve the dual objective of generating positive social and / or environmental impact as well as some financial return. It aimed at enhancing the reflective capacity of participants on one side and on the other side provided a learning opportunity on a niche in finance that has received a lot of attention and has grown substantially over recent years. Main Lecturer: Ernst von Kimakowitz (in English) The outcome of the course was put together in several short papers that were prepared by the course participants. While the role of the participants as well as the investment proposals were fictitious, the organizations researched as an investment opportunity are real, operating businesses. All case examples in this document therefore represent scenarios for possible investments but are not describing real investments. Social Impact - understand, analyze and report from different perspectives Spring Term 2015 (Bachelor Contextual Studies) University of St.Gallen, Switzerland In order to allocate resources in the social sector more effectively and efficiently, greater transparency of the expected and achieved social impact is necessary. In addition, based on the recognition that traditional companies have also social and environmental responsibilities to the community to which they belong and from which they seek their license to operate, businesses increasingly take into account the social and environmental effects of their activities. Consequently, this course aims at equipping the HSG students with the necessary know-how and techniques for reflecting on social impact by focusing on the input-output-outcome-impact (IOOI) typology and linking expected goals with achieved impacts. At the end of the course, students can expect to: • Have gained a solid understanding of social impact assessment from a theoretical and practitioner perspective; • Be familiar with the most relevant social impact assessment tools; • Be able to use social impact assessment for inter- and intraorganizational learning processes as well as for external communication to stakeholders; • Have done and presented a social impact analysis for an organization; Lecturers: Barbara Scheck & Jessica Aschari-Lincoln (in German).