50: Renato Mazzola of BTG Pactual: Latin America is Primed and Ready for Sustainable & Impact Investing

Renato Mazzola is the managing partner of BTG Pactual, Head Private Capital Division, and part of BTG Pactual Partners’ Committee. He has more than twenty years of experience in the investment industry, including time at the Inter-American Development Bank and JP Morgan, with expertise in economics, capital markets, and international relations. Renato also serves as a board member in companies spanning several countries, including Eneva, GlobeNet, Bodytech, and Estapar. 

Renato is on a mission to transform and define impact investing as part of organizational DNA, instead of optional charity donations when there is extra cash lying around. His commitment to proactively change financial mindsets to long-term, sustainable investment practices is setting the division apart, as the performance of the company is being recognised: since 2016, BTG Pactual has been consistently receiving awards for "Best Private Bank in Brazil" (World Finance Magazine), "Best Private Bank in Latin America" (Global Finance & Professional Wealth Management Magazines), and "Best Investment Bank" (Euromoney & World Finance Magazines).

Summary

What do you do when your economic environment isn’t quite ready for the changes you know it needs? Join JP Dallmann and Renato Mazzola as they discuss the Latin American (LatAm) market, the abundance of opportunities for long-term impact, and how to transform cultural DNA towards sustainable investment practices. Find out how to “have it all” as an investor of the future.

Key points

• The evolving definition of sustainable development impact
• The worst aspects of the pandemic have proven the urgent need for more sustainable impact investment
• Latin America is following the European and North American markets, with many opportunities for impact funding
• True test of “best practice” is about cultural DNA, not just observable behaviour
• Analysing companies’ impactfulness  
• How to “have it all”: impact & profits

Time stamps

[5:44] Definition of sustainable development impact (and how it has evolved)

[8:11] How lessons from the pandemic can help spur the momentum of impact investment

[10:39] Latin American trends towards sustainability are taking hold, but not embedded into cultural DNA yet

[14:48] Latin American infrastructure issues, example of water privatization in Brazil

[21:15] What it would take for low-income populations to move out of poverty

[26:08] The context and economics of European investments in Latin America

[30:53] What is the right balance between foreign investment mentality and local, culturally appropriate approaches?

[35:52] You can have it all! Invest for impact AND make profits

[41:43] How to analyze a company’s investment on impactfulness (levels 1-3)

[45:17] The evolution of BTG’s governing process and why it’s significant

[51:53] Why the government’s inability to put up capital directly translates to opportunities for investors with entrepreneurial spirit

[53:04] Are you the ideal investor? If so, reach out to Renato!

[59:09] Final words from Renato

[1:01:01] Work with JP! You could be one of three founding sponsors to transform capital investing into impact investing

Useful links

Renato Mazzola linkedin
BTG Pactual Team (Portuguese) 

BTG Pactual updates (English/Portuguese) 

BTG Pactual main site (English)

BTG Pactual ESG & Impact Investing (Portuguese)
WSJ article - Alternatives Gain Favor With Latin American Investors
BNAmericas article - BTG Pactual snags 58% of Oi’s fiber business for US$2.3bn

Further resources
Renato’s blog article - “Latin America: Primed and Ready for Impact Investment”

Latin America's Growing Appetite for Alternative Assets - Webinar
Alternatives Gain Favor With Latin American Investors


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