Épisodes

  • #89: What the Task List Misses: Infrastructure, Care, and the Practice of Puttering
    Oct 8 2026
    In this episode, Joy Anderson explores puttering as a practice of grace, strategy, and organizational maintenance, arguing that some of the most important work in systems change happens outside formal plans, task lists, and deliverables.Many organizations prize productivity, efficiency, and execution. But what happens when the plan itself becomes too authoritative? Drawing from her own practice of reserving Fridays for what she calls "puttering," Joy reflects on the value of creating space to notice, repair, reconnect, reorganize, and follow the next natural thing rather than the next scheduled task. She distinguishes puttering from procrastination, describing it as a disciplined way of staying close to the work when priorities shift, opportunities emerge, and reality no longer aligns neatly with the plan.The conversation expands beyond personal productivity into questions of organizational design, power, care, and invisible labor. Joy explores how systems depend on maintenance work that rarely appears on project plans or performance metrics: repairing relationships, noticing what is breaking, clearing pathways, and strengthening infrastructure before crises emerge. Connecting these ideas to Criterion's value of grace, she argues that organizations pursuing ambitious systems change must make room not only for strategy and execution, but also for surprise, repair, and the human realities that make long-term change possible.Episode Highlights00:00 - Introduction to the podcast and guest00:36 - The promise and limitations of financial innovation01:36 - Moving beyond fixing capital to changing economic conditions03:24 - The practice of puttering and its role in organizational health05:17 - Puttering as wandering with intention06:46 - The discipline of staying close to the work08:41 - Using puttering to adapt to change and uncertainty10:05 - The value of grace in organizational work12:01 - Organizational maintenance and invisible labor13:24 - Designing organizations for puttering and repair15:20 - The importance of grace and gentle work17:18 - The limits of list-based productivity19:03 - Valuing small acts of care and repair21:00 - Who is always doing the unrecognized work?22:26 - Practicing grace through puttering23:25 - Practical exercises for puttering25:54 - The role of surprise and small moments in systems change27:22 - The balance between planning and grace28:31 - Closing thoughts and invitation for further engagementRelevant LinksCriterion Institute website and LinkedInJoy Anderson's LinkedInDive Deeper6 Approaches GuidanceCriterion's framework for understanding how social change happens through learning, teaching, amplification, design, field building, and influence. This episode's discussion of puttering highlights the often-unseen work that strengthens these approaches and creates the conditions for meaningful systems change.A Blueprint for Grassroots Organizations on Using Finance for Social ChangeThis Blueprint explores how organizations can build on existing relationships, networks, skills, and experience to create change. Joy's reflections on maintenance, repair, noticing, and working with what already exists align closely with the Blueprint's emphasis on identifying and strengthening assets rather than starting from scratch.A Blueprint for Women's Funds Using Finance as a Tool for Social ChangeThe Blueprint presents a framework for using finance as one strategy among many for social change. Like this episode, it encourages leaders to expand their imagination beyond familiar practices and pay attention to the underlying structures, relationships, and forms of power that shape outcomes. A Blueprint for Faith-Based Organizations on using Finance as a Tool for Social ChangeWritten for changemakers, this Blueprint examines how organizations can use finance alongside other strategies to influence systems and build new partnerships. The episode's focus on organizational infrastructure, grace, and creating space for emergence complements the Blueprint's emphasis on building change through relationships and collaboration.The Gift of ClarityIn this reflection, Joy writes about ambiguity, systems change, and the moments when clarity emerges from complexity. Readers who are interested in the episode's themes of slowing down, making room for surprise, and allowing the work to reveal what matters will find a natural extension of those ideas here. If you enjoyed this episode, consider listening to:#58: Check List or Trust List: Power, Performance, and the Politics of ProcedureA reflection on checklists, procedures, trust, and organizational power. This episode complements Joy's critique of allowing lists and formal processes to become substitutes for judgment and relationship.#71: Time to Pause: How We Learn to Let Go, Listen and PivotJoy reflects on releasing assumptions and creating space for new possibilities. Both episodes explore how slowing down can create conditions for better leadership and more ...
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    30 min
  • #88: The Politics of Time in Investing: Exit Horizons, Runways, and the Futures We Finance
    Sep 24 2026
    When investors evaluate opportunities, conversations usually focus on money: risk, return, liquidity, valuation, and performance. But underneath every financial decision sits another variable that is often treated as technical rather than political: time. In this episode, Joy Anderson explores how time appears throughout investing, from discount rates and exit horizons to repayment schedules, liquidity, and fund structures. These choices may seem neutral, but they determine who gets time to build, adapt, and grow, and who is forced to move at someone else's pace. Drawing on Criterion's work inside investment structures and financial systems, Joy examines how different actors operate according to different clocks, how fund structures shape behavior long before investments are made, and why one of finance's most important functions is creating time itself. From extending organizational runway to supporting market formation and systems change, this episode reframes investing as the allocation of time as much as capital. Ultimately, Joy challenges listeners to think differently about investment decisions by asking not only about return and risk, but also whose timeline is driving the decision and what future becomes possible when people are given the time they need to build toward change. Episode Highlights00:00 - Introduction to time in finance02:09 - The vocabulary of time in investment deals04:04 - How discount rates and time horizons influence value05:01 - Exit scenarios and liquidity considerations05:51 - Different clocks for different actors in finance09:12 - The impact of fund timelines and pressures14:00 - Finance as a tool to create and extend time19:10 - Measuring time-based outcomes in investments20:09 - Systems change and the importance of pacing and sequencing23:03 - Reframing investment questions around time and futures Relevant LinksCriterion Institute website and LinkedInJoy Anderson's LinkedIn Dive DeeperA Roadmap for Private Investors: Investing to Address Gender-based Violence This roadmap explores how investors can intentionally shape financial systems for social change and offers a useful lens for understanding how investment decisions influence long-term outcomes and future possibilities. GBV Approaches to Investing: Catalytic Strategies This resource examines patient, flexible, and appropriately structured capital, making it particularly relevant to the episode's discussion of financing time, readiness, and long-term change. If you enjoyed this episode, consider listening to: #70: Financing Patience: Movements, Markets and the Long Game A deeper exploration of patient capital, movement funding, market formation, and why transformative change requires long-term financial commitments.#57: Investable Hope: A Conversation with Susie Pan on Financing the Future Joy and Susie Pan discuss the relationship between finance, hope, future outcomes, and investing toward long-term social change. #84: Narratives, Local, and the Stories That Shape Finance An exploration of how assumptions about the future influence financial decision-making and what becomes possible when we tell different stories about finance. #65: Investing as if Hope Mattered: The Church, Finance, and the Imagination to Act A reflection on finance, imagination, and the role long-term vision plays in shaping systems and investment choices. Part of the ImpactAlpha Podcast Network
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    25 min
  • #87: Thank You for Naming It: The Early Days of Gender Lens Investing
    Sep 10 2026
    In this episode, Joy Anderson sits down with longtime collaborator Jackie VanderBrug to revisit the origins of gender lens investing and the work of building a field before most people believed it existed. Drawing on their years together at Criterion Institute, they reflect on the early efforts to identify, map, and connect investors, researchers, philanthropists, and practitioners who were already incorporating gender into financial decision-making but lacked a shared language or framework. The conversation explores the importance of naming, the challenges of making gender visible within emerging impact investing conversations, and the tension between simplicity and rigor as the field developed. Joy and Jackie discuss the evolution of concepts such as "Women Effect," "Revaluing Gender," and "gender lens investing," as well as the role of leadership, philanthropy, community-building, and intellectual frameworks in making new possibilities visible. Ultimately, the episode is a reflection on how movements are built: through mapping, invitation, collaboration, persistence, and the willingness to claim possibility before there is permission to do so. Episode Highlights00:00 - Introduction to the podcast and guests02:24 - Reflecting on the early days of gender lens investing04:17 - The role of visibility and community in building the field07:13 - Naming and framing the movement: Women Effect and gender lens09:11 - Overcoming resistance and gaining acceptance12:48 - The impact of mapping and community building16:37 - The evolution of impact investment frameworks19:54 - The importance of gender analysis over numbers22:44 - Building the field without a central fund25:39 - Legacy and ongoing influence of early efforts28:55 - Reflections on collaboration and future impact Relevant LinksCriterion Institute website and LinkedInJoy Anderson's LinkedInJackie VanderBrug's LinkedIn Dive Deeper State of the Field of Gender Lens Investing A foundational review of how gender lens investing evolved as a field, mapping the ideas, actors, products, and organizations that helped move gender from a niche concern to an established investment lens. Framing (and Reframing) Gender A framework for understanding how gender analysis can reveal opportunities, risks, and dynamics within financial systems, moving beyond simply counting women toward a deeper examination of power and value. If you enjoyed this episode, consider listening to: #32: Pioneering Collaboration: The Story Behind the 2024 Joan Bavaria AwardA reflection on the collaboration between Joy Anderson, Jackie VanderBrug, and Suzanne Biegel in building the field of gender lens investing. #42: 10 Year On: Reflecting on the State of Gender Lens InvestingJoy revisits the evolution of the field, its frameworks, and the progress made over a decade. #40: Gender Lens Investing is a Time of Backlash: Why It Matters Now More Than EverA contemporary reflection on why gender lens investing remains important amid shifting political and economic conditions. #47: Spelling it out: Gender Lens Investing Deserves Words, Not Acronyms A conversation about language, terminology, and how naming shapes understanding and action. Part of the ImpactAlpha Podcast Network
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    31 min
  • #86: A Tale of Two NAPs: National Action Plans and Much-Needed Naps
    Aug 27 2026
    For the past several months, Criterion Institute has been wrestling with a deceptively simple question: how do you finance a National Action Plan (NAP) to end gender-based violence? Most NAPs contain detailed commitments, timelines, settings, and responsibilities, yet many remain chronically underfunded. In this episode, Joy takes listeners inside Criterion's thinking process as the team tried to translate these plans into pathways for finance. Along the way, they discovered that many of the frameworks they relied on for years were excellent at describing landscapes and systems, but less useful when reading a plan line-by-line and asking where money could actually move.The episode introduces a distinction that became foundational to the work: the difference between an investment case and a financing mechanism. Costing studies and investment cases play an important political role by helping governments understand the economic consequences of violence and the value of prevention. But those arguments alone do not explain how capital moves, who bears risk, what financial structures exist, or how prevention becomes investable. Joy reflects on the false starts, AI-generated dead ends, framework redesigns, and countless synthesis conversations that ultimately led the team toward a more practical framework for financing National Action Plans. The result is not a finished answer, but a clearer way of thinking about how finance, policy, prevention, and systems change intersect.Episode Highlights00:00 - Introduction to financing national action plans01:55 - The challenge of understanding how money moves in plans02:53 - Distinction between investment case and mechanism07:06 - Frameworks as tools, not solutions10:08 - Applying frameworks to real plans and the need for reflection14:57 - The five categories of financing for national action plans20:12 - The importance of pauses and reflection in problem-solving21:12 - Conclusion: frameworks need naps and refinement Relevant LinksCriterion Institute website and LinkedInJoy Anderson's LinkedInDive DeeperFramework for Financing the Prevention of Gender-Based ViolenceThis framework is referenced repeatedly throughout the episode as the starting point for understanding how finance can support prevention by integrating GBV as material risk, financing what works, and valuing the future created through prevention.A Roadmap for Private Investors: Investing to Address Gender-Based ViolenceReferenced indirectly in the discussion of how investors operationalize GBV considerations and move from analysis toward action.Roadmap for Development Finance Institutions: Strategies to Address Gender-Based ViolenceRelevant to the episode's discussion about how institutions can incorporate GBV considerations into financial decision-making and capital allocation.If you enjoyed this episode, consider listening to:#67: Financing the Reduction of GBV: From Insights to InfrastructureJoy explores the intersection of finance and gender-based violence, emphasizing infrastructure, leverage points, and systems change. This episode provides important context for understanding why Criterion's work has increasingly focused on the infrastructure needed to support GBV prevention.#39: Financial Tools for Social Change: Ending Gender-Based ViolenceA foundational episode exploring how financial systems can be used to reduce violence and introducing several strategic approaches that connect directly to discussions in this episode about financing pathways and systems change.#27: The Core Pillars of Our Strategic Plan: Financing the Reduction of Gender-Based ViolenceProvides historical context for Criterion's GBV work and explains why the organization chose to build a deep portfolio of ideas and strategies at the intersection of finance and gender-based violence.#75: When the Moment Arrives: Acting on Systems OpportunitiesListeners interested in the systems-change dimensions of this episode will find a useful companion conversation on leverage, timing, relationships, and strategic action.#85: Changing Your Frame Not Your Mind: Ensuring Your Actions Follow What You SeeA natural follow-on episode about reframing, changing analysis, and understanding how shifts in perspective ultimately change actions and outcomes within systems. Part of the
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    22 min
  • #85: Changing Your Frame Not Your Mind: Ensuring Your Actions Follow What You See
    Aug 13 2026
    A colleague recently asked Joy Anderson where she'd changed her mind—the kind of question you ask to find out whether someone is actually learning, or just defending old positions with better language. Her honest answer surprised her, and it probably won't be the one you're expecting. Because over 25 years, the changes that mattered most weren't reversals at all. They were quieter than that, harder to name, and they rearranged how she works, what she'll own, and where she draws the line. Next, Joy walks through a handful of moments where nothing about the facts changed—same rooms, same partners, same work—and yet everything did. It's a reflection on the stories we tell ourselves about our place in the work, why they're so hard to let go of, and what becomes possible when we finally do. She closes by turning the question back on you: what are you looking at right now that might be ready to be seen differently? Episode Highlights00:00 - Introduction to the episode and core themes02:35 - The question of changing one's mind and seeing differently03:30 - Reframing support as infrastructure in social change work07:21 - The shift from outsider to inside the work09:16 - Personal reframing: recognizing limits as system design constraints17:31 - The importance of seeing and acting on what you see18:54 - Invitation to reflect on current frames and perceptions Relevant LinksCriterion Institute website and LinkedInJoy Anderson's LinkedInJoanna Levitt Cea's LinkedIn Dive Deeper Fostering a Feminist Financial Imaginationhttps://www.criterioninstitute.org/resources/fostering-a-feminist-financial-imaginationThis publication explores the role of imagination in creating alternative financial futures and aligns closely with Joy's discussion of reframing reality and expanding what becomes possible through new ways of seeing. Framework for Financing the Prevention of Gender-Based Violencehttps://www.criterioninstitute.org/resources/framework-for-financing-the-prevention-of-gender-based…The framework emphasizes finance as a system of power rather than simply a source of funding, echoing the episode's distinction between support work and infrastructure-building. Reflection: Making Gender-Based Violence Material to the World of Financehttps://www.criterioninstitute.org/resources/reflection-making-gender-based-violence-material-to-th…A classic Criterion reframe that demonstrates how changing the frame around a problem can fundamentally alter how finance interprets risk and opportunity. A Commitment to Address Gender-Based Violencehttps://www.criterioninstitute.org/resources/gbvThis resource highlights the importance of imagining alternative futures and changing assumptions about what finance can do, themes woven throughout this episode. If you enjoyed this episode, consider listening to:#84: Narratives, Local, and the Stories That Shape Financehttps://www.criterioninstitute.org/podcasts/podcast-episode-84A conversation exploring how narratives influence financial systems and the ways stories shape what becomes visible and possible. #82: How Staying in Paradox Can Sustain Hope and Drive Systemic Changehttps://www.criterioninstitute.org/podcasts/podcast-episode-82Joy examines the tensions and paradoxes that emerge when trying to create lasting systems change, complementing this episode's exploration of competing frames and perspectives. #80: What Are You Willing to See? Disruption, Fault Lines, and the Moments That Matterhttps://www.criterioninstitute.org/podcasts/podcast-episode-80A reflection on disruption as a tool for revealing underlying systems, making it a natural companion to this episode's focus on perception and awareness. #79: From Invitation to Trust: Rethinking Relationships in Financehttps://www.criterioninstitute.org/podcasts/podcast-episode-79An episode about invitation, relationship-building, and the practices that create conditions for transformation. #45: Making Sense of Complexity: Frameworks That Work (and Those That Don't)https://www.criterioninstitute.org/podcasts/podcast-episode-45One of the closest thematic matches in...
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    25 min
  • #84: Narratives, Local, and the Stories That Shape Finance
    Jul 30 2026
    What stories shape what we believe is possible in finance? In this episode, Joy Anderson sits down with Joanna Levitt Cea, Founder and Principal of Valiente Capital Design and co-lead of the Beloved Economies Collaborative for Narrative Infrastructure, to explore the role of narratives in creating economic and systems change. Together, they unpack the difference between stories, communications strategies, and narratives themselves, examining how underlying cultural assumptions influence the ways we understand ownership, investment, opportunity, and power. The conversation explores why narrative change is not simply about finding the right message, but about collective action, organizing, and reshaping the stories that define what people believe is possible. The episode then turns to one of the most common and often unquestioned words in innovative finance: local. Joy examines five distinct narratives embedded within the concept. Rather than treating local as a geographic descriptor, she argues that each narrative carries a different theory of change and implies different practices around governance, ownership, expertise, and value creation. Together, these reflections invite listeners to ask not whether finance is local, but what narrative of local is being invoked and whether the structures of finance actually make that narrative real. Episode Highlights00:00 Introduction to the power of narratives in finance01:20 Narratives shape what people believe is possible02:18 The importance of stories in social and environmental finance03:26 Ownership economy and its narrative shifts04:54 The role of narratives in building intergenerational wealth07:59 The collaborative approach to narrative change10:20 Stories as drivers of policy and norm shifts12:17 Narrative as a team sport and collective action34:04 The multiple narratives of local in finance36:29 Different stories of local and their implications42:52 The narrative of economic self-determination44:46 Local knowledge as a narrative of expertise46:34 The shift from communities being investment-ready to capital being context-ready47:41 Conclusion: The importance of deep narrative change and systems transformation‍Relevant LinksCriterion Institute website and LinkedInJoy Anderson's LinkedInJoanna Levitt Cea's LinkedIn‍Dive DeeperInvesting to shift power: advanced practices of Africa's investment leadersThis article examines how investment leaders are redesigning financial practices to address power dynamics embedded within investment structures. By highlighting innovations in governance, investor participation, accountability, and decision-making, it complements this episode's discussion of narratives by showing how underlying assumptions about authority, expertise, and ownership become embedded in financial systems and how those assumptions can be intentionally challenged and changed.Advanced practices in local capital design: Trade LendaThis resource examines how financial structures can be intentionally designed around local knowledge, governance, ownership, and accountability. It directly connects to the episode's exploration of local as democratic legitimacy, contextual intelligence, and economic self-determination.Framework for financing the prevention of gender-based violenceThis framework provides an example of how financial systems can be redesigned to address power dynamics rather than simply expanding access. It reinforces the episode's discussion of moving beyond surface-level solutions and examining the underlying structures that shape outcomes.‍If you enjoyed this episode, consider listening to:#66: Designing Finance for Context: A Conversation with Joanna Levitt CeaJoy Anderson and Joanna Levitt Cea explore how fund design can become a tool for shifting power, why context should come before replication, and how finance can be redesigned around community knowledge and lived experience. #79: From Invitation to Trust: Rethinking Relationships in FinanceA complementary conversation about relationships, trust, and the underlying assumptions that shape how financial systems operate.#78: Intermediation is Not OverheadAn exploration of financial infrastructure, system design, and why the structures that connect capital matter as much as the capital itself.‍Part of the ImpactAlpha Podcast Network.
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    49 min
  • #83: Trust as Infrastructure: Trade Lenda and the Power of Informal Markets
    Jul 16 2026
    What happens when finance starts with trust instead of control? In this conversation, Joy Anderson and Adeshina Adewumi explore how Trade Lenda has built financial infrastructure around the realities of informal markets across Nigeria. Rather than treating informality as a problem to be fixed, Trade Lenda recognizes existing systems of trust, accountability, and economic participation and designs financial products that work within them. The discussion traces the full supply chain, from farmers and aggregators to manufacturers, distributors, and retailers, and examines why supporting the entire value chain creates stronger, more resilient markets.The conversation also explores how power operates in financial systems. Adeshina explains how Trade Lenda rethinks creditworthiness, works with community accountability structures, develops Sharia-compliant financing options, and provides capacity-building alongside capital. Together, Joy and Ade examine how trust can become infrastructure: creating financial systems that move capital faster, expand economic opportunity, and preserve the community relationships that make markets function in the first place. The result is a compelling example of how finance can support dignity, shared prosperity, and transformative systems change.‍Episode Highlights00:28 - The importance of trust in finance and community systems.01:28 - Understanding informal markets as systems to be supported.04:10 - Trade Lenda's approach to financing entire supply chains.05:06 - Why agriculture, retail, and essential services matter for economic growth.07:43 - Rethinking collateral and credit access for underserved entrepreneurs.11:01 - How speed and capital turnover drive successful trade finance.14:22 - Diversifying within value chains to manage risk and strengthen markets.17:42 - Why knowledge and business support can be as important as capital.28:02 - Using community accountability and trust as financial infrastructure.35:13 - Capital moves at the speed of trust.‍Relevant LinksCriterion Institute website and LinkedInJoy Anderson’s LinkedInAdeshina Adewumi’s LinkedIn‍Dive DeeperAdvanced practices in local capital design: Trade LendaThis case study directly examines Trade Lenda's approach to designing financial systems around informal markets, community accountability, alternative underwriting, and localized financial infrastructure. It is essentially the written companion to many of the ideas discussed in the episode.Framework for financing the prevention of gender-based violenceThis framework provides one of Criterion's core approaches to understanding how financial structures influence social outcomes and how systems can be intentionally redesigned. Mentioned in related Criterion resource descriptions.‍ If you enjoyed this episode, consider listening to:#79: From Invitation to Trust: Rethinking Relationships in FinanceThis episode explores trust as a foundational practice for leadership, collaboration, and systems change, making it the closest thematic companion to the Trade Lenda discussion.#78: Intermediation is Not OverheadA reframing of financial infrastructure and intermediation that connects directly to this episode's discussion of building systems that allow capital to move more effectively through markets.#62: Pipelines of Trust: Rethinking Local Capital Mobilization in AfricaA natural follow-on episode focused on trust, local capital, African investment ecosystems, and adapting financial models to local contexts.‍Part of the ImpactAlpha Podcast Network
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    40 min
  • #82: How Staying in Paradox Can Sustain Hope and Drive Systemic Change
    Jul 2 2026
    In this episode, Joy Anderson responds to some listener questions, naming six paradoxes she encounters when working to shift financial systems toward gender justice and social change. Joy frames paradox as a discipline: holding two seemingly incompatible truths at once such as movement and field-building, urgency and patience, collaboration and competition and resisting the urge to resolve them prematurely.Across themes ranging from pluralism in knowledge to the risks of public experimentation, Joy explores how finance simultaneously enables and constrains transformation. She emphasizes that these tensions are signals rather than problems, helping us see where systems are unstable and change is possible. The episode closes with practical reflections on working within paradox.Episode Highlights00:00 - Introduction to Paradox in Systems Change05:01 - The Movement vs. Professional Field Paradox10:44 - Long-Term Change vs. Immediate Harm Paradox14:32 - Collaboration vs. Competition Paradox18:16 - Public Learning vs. Risk Aversion Paradox22:08 - Pluralism vs. Standardization Paradox27:21 - Living with Paradox: Practices and Reflections34:11 - Conclusion: Embracing Complexity in ChangeRelevant LinksCriterion Institute website and LinkedInJoy Anderson’s LinkedInDive DeeperFramework for Financing the Prevention of Gender-Based ViolenceLinks to the episode’s focus on how financial systems shape—and can transform—the conditions underlying harm.Fòs Feminista: Building Feminist Financial InfrastructureIllustrates how movements build institutional structures—mirroring the movement vs. field paradox described in the episode.Gender Lens InvestingA foundational resource on integrating gender and power into financial decision-making, relevant to the episode’s reflections on pluralism and standardized “proof.”If you enjoyed this episode, consider listening to:#80: What Are You Willing to See? Disruption, Fault Lines, and the Moments That MatterExplores disruption as a moment that reveals underlying systems—closely aligned with the idea of paradox as a site of transformation.#79: From Invitation to Trust: Rethinking Relationships in FinanceBuilds on relational dynamics and collaboration—core tensions discussed in this episode.#78: Intermediation is Not OverheadExtends the conversation on field-building infrastructure and how systems change actually happens.#77: Strength Is the Strategy: A Conversation on Movement‑Led FinanceDirectly connects to the movement vs. field paradox by exploring how movements build financial tools and institutions.Part of the ImpactAlpha Podcast Network
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    36 min