世界经济论坛-重新定义价值：从基于结果的融资到可交易的影响（英）

Redefining Value: From Outcome-Based Funding to Tradeable ImpactW H I T E P A P E RJ U N E 2 0 2 5In collaboration with SK Group’s Center for Social Value Enhancement Studies and Rockefeller Philanthropy AdvisorsImages: UpTogether, Boomera, World Economic Forum, Village Enterprise, myAgro, Enuma, doctHERsDisclaimer This document is published by the Schwab Foundation for Social Entrepreneurship in partnership with the World Economic Forum as a contribution to a project, insight area or interaction. The findings, interpretations and conclusions expressed herein are a result of a collaborative process facilitated and endorsed by the Schwab Foundation and the World Economic Forum but whose results do not necessarily represent the views of the Schwab Foundation or the World Economic Forum, nor the entirety of its Members, Partners or other stakeholders.© 2025 Schwab Foundation for Social Entrepreneurship. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system.ContentsForeword 3Executive summary 4Introduction 51 Challenges of traditional financing approaches 71.1 Government approaches: structural limits and fiscal challenges 71.2 Corporate approach: the limits of traditional corporate social responsibility 71.3 Philanthropy: a limited resource 81.4 The need to support social entrepreneurs 82 The tradeable impact opportunity 92.1 Tradeable impact as a market expansion opportunity 92.2 A new asset class for investors 102.3 Competitive advantage for businesses 112.4 Design challenges of tradeable impact 112.5 Step change for impact? 113 Scenarios for tradeable impact 123.1 Worst-case scenario: the cost of inaction 123.2 A future with expanded market mechanisms for negative externalities 133.3 A future where tradeable impact scales from grassroots to global markets 143.4 A future where tradeable impact becomes an impact currency 174 Building blocks for tradeable impact 194.1 Market components 204.2 Lessons from the carbon market 235 From vision to action: a pathway for scaling tradeable impact 255.1 Overall approaches to scaling tradeable impact 255.2 Early entry points: quick wins to build momentum 265.3 Pathway to scale: a three-phase transition 27Conclusion 28Contributors 29Endnotes 31Redefining Value: From Outcome-Based Funding to Tradeable Impact2The social and environmental challenges of our time are growing increasingly complex and interdependent, demanding solutions that move beyond traditional philanthropy or compliance-driven efforts. A new paradigm is needed to connect measurable social outcomes with financial value. This would enable impact to be both recognized and rewarded at scale, contributing to a thriving, inclusive future.Over the past decade, social entrepreneurs have shown us what’s possible in this area, designing grassroots community currencies (such as the South Africa