Suzanne Bari Biegel (August 8, 1963 – September 20, 2023) was an American entrepreneur, investor, and philanthropist, recognized for her contributions to gender lens investing. [1][2] Over a career spanning more than two decades, Biegel specialized in leveraging investment strategies to advance gender equity and environmental sustainability. She co-founded and led various initiatives and organizations, such as GenderSmart and Clearly Social Angels, aimed at mobilizing capital for a positive impact on women and the environment. [3]In 2021, she was diagnosed with stage four metastatic lung cancer but she continued her advocacy until her death in 2023. [3]Her work in sustainable finance and commitment to feminism and environmentalism marked her as a significant figure in the field of impact investing.

Early life and education edit

Biegel was born on August 8, 1963, in New York City and raised in Hartsdale, New York. She pursued higher education at the University of Pennsylvania, where she earned a Bachelor of Arts in Communication from the Annenberg School and a Bachelor of Science in Marketing from the Wharton School. Biegel's academic journey laid the foundation for her future career in entrepreneurship and investment. She was known for her passion for sailing and was at one time a member of the French Ultimate Frisbee team. Although she spent significant portions of her life in New York and Los Angeles, Biegel eventually settled in London in her later years.[1][2]

Career edit

Biegel’s professional journey began at IBM in the early 1980s, where she was involved in two IBM-funded startups. In the 1990s, alongside Sandy Rand, she co-founded IEC (Internal and External Communications), a company specializing in strategic communication and custom training development. This venture was later sold to Wolters Kluwer in 1998.[4]Post-IEC, Biegel shifted her focus to angel investing, venture capital, and philanthropy, emphasizing companies and funds with strong gender and climate agendas. She held numerous board memberships and leadership roles in various companies and projects, including CEO of Investors’ Circle and founder of Clearly Social Angels and Women in Social Finance. Additionally, she co-founded GenderSmart, 2X Global, [3] and the endowment fund Heading for Change with her husband, Daniel Maskit.[citation needed]

Gender-Smart Investing edit

Biegel was known in the field of gender-smart investing, a practice that integrates gender considerations as a key factor in investment analysis and decision-making. She played a pivotal role in evolving gender lens investing from a concept supported by a scattered network of individuals into a cohesive, influential movement. Through her work, Biegel was instrumental in mobilizing investments focused on women, moving billions of dollars of capital and influencing trillions more.[5][6]

Ecosystem Building edit

Biegel was renowned for her role as a public speaker and influential figure in the global conference circuit, known for her unique presentations often involving props such as sustainable chocolate from women-led companies. She remained active in this role until late 2022, with notable appearances at events like GreenFin 22, Responsible Asset Allocator Initiative, and Confluence Philanthropy. [citation needed]

Biegel was in numerous convening and community-building projects, aimed at addressing complex global challenges.[7][8] In 2011, she founded Women in Social Finance, a senior leadership network that grew to over 120 members, predominantly based in the UK. She launched Women Effect in 2015, an online resource and community for gender lens investing, which later evolved into part of the Wharton Social Impact Initiative (now the Wharton ESG Initiative) in 2017. [3][4][9]

In March 2017, she co-founded Gender Smart, a global initiative and summit focused on scaling gender-smart capital. Gender Smart eventually merged with 2X Collaborative to form 2X Global in January 2023. [3]

Through her consultancy, Biegel worked with numerous organizations such as British International Investment (BII), UBS, IDB Invest, Wharton Social Impact Initiative, the US DFC, Tara Health Foundation, Linked Foundation, and Intentional Endowments Network. Her efforts influenced the allocation of capital with a gender lens in hundreds of funds and institutional investors. [8]Additionally, she served as the Investment Director at the SPRING Accelerator from 2014 to 2019, [6] which supported 75 businesses in East Africa and South Asia, impacting over 2.5 million adolescent girls.[5]

References edit

  1. ^ a b "Gender Lens Investing: Why the Opportunities Are Growing". Knowledge at Wharton. Retrieved 2024-02-23.
  2. ^ a b Rogers, Jillian (2023-03-22). "Wharton Women in ESG". Environmental, Social and Governance (ESG) Initiative. Retrieved 2024-02-23.
  3. ^ a b c d e Davis, Emily (2023-09-05). "ESG Pioneer Suzanne Biegel Wants Impact Investors to 'Get Off the Sidelines'". Environmental, Social and Governance (ESG) Initiative. Retrieved 2024-02-23.
  4. ^ a b staff-author (1997-03-23). "IEC". Los Angeles Business Journal. Retrieved 2024-02-23. {{cite web}}: |last= has generic name (help)
  5. ^ a b Anderson, Samantha (2023-12-11). "Suzanne Biegel endowment fund makes first investments to tackle gender inequality and climate crisis". Alliance magazine. Retrieved 2024-02-23.
  6. ^ a b "Gender Lens Investing: Why the Opportunities Are Growing". Knowledge at Wharton. Retrieved 2024-02-23.
  7. ^ Poverty, Webmaster Business Fights (2016-03-09). "A New Model for Gender Lens Partnerships". Business Fights Poverty. Retrieved 2024-02-23. {{cite web}}: |first= has generic name (help)
  8. ^ a b Rogers, Jillian (2023-03-22). "Wharton Women in ESG". Environmental, Social and Governance (ESG) Initiative. Retrieved 2024-02-23.
  9. ^ https://www.reuters.com/article/idUSKCN1QP15D/

See also edit