06 Nov impact investing
This greatly abused term can refer to almost anything including: equity and fixed income investments into the world’s largest global public companies screened for ESG (environmental, sustainability and governance) goodness; “green bonds” issued by governments to fund climate-related expenditures; direct loans to domestic nonprofits; and international micro-finance. The common factor is an explicit desire to get some combination of financial return and social/programmatic impact. The Contact Fund and the NY Pooled PRI fund make investments which some people (though not all) would consider “impact investments”. Although we believe in many of the things that fall under the rubric of “impact investing”, we try to avoid the obscurantist term as it tends to confuse more than clarify.