On July 11th, ImpactPHL and The Philadelphia Citizen hosted Citizen Speakers - Business for Good. Over 150 innovators, entrepreneurs, and social impact stakeholders gathered to discuss how businesses can influence positive social change in local communities. The panel included entrepreneurial leaders from Landit, B Corporation, Sundial Brands, and La Colombe Coffee. After thought-provoking panel discussions and Q&A, the event ended with Emmet Dennis, Chief Community Officer of Sundial Brands, inspiring attendees to work towards an impactful legacy. “All great entrepreneurs go after problems that we are not going to solve in our lifetime. Our legacy is to build a framework for our children and their children to follow.”
As responsible investing gains momentum, the world’s most influential asset managers are expanding the application of Environmental, Social, and Governance (ESG) principles as a strategic investment tool. Asset managers, such as Blackrock and Wells Fargo, are about to launch their first-ever ESG funds for retirement savings plans, in a validation of the remarkable growth in demand for responsible investment options.
Universities are ramping up impact investing curriculums.Education is a vital component to progress impact investing from a niche sector to the mainstream financial markets. Universities across the United States are developing curricula to train the next generation of financial professionals in the increasingly popular field of social impact investing.
My journey started about 15 years ago when we were asked by our clients to consider evaluating social risk within the context of fixed income investment portfolios. This resulted in a negative-screening process to eliminate companies involved in tobacco production, religious issues, international affairs/human rights, alcohol, and carbon emissions. We wanted to eschew certain segments of the market in an attempt to incorporate social values while investing to create better returns.
From JUST CAPITAL: JUST Capital is thrilled to announce a critical new step in our mission to create a more just marketplace. On June 13, Goldman Sachs Asset Management launched the JUST U.S. Large Cap Equity ETF (Ticker: JUST) – the first ever exchange-traded fund designed to align with the American public’s priorities for just business behavior, based on JUST Capital’s research.
When the Michael & Susan Dell Foundation approached the NYU Wagner Graduate School of Public Service’s Social Innovation & Investment Initiative (SII) to review its decade-long history with impact investing, there was a clear alignment on objectives of documenting best practices in impact investing in order to strengthen this emerging sector.
The US SIF Foundation released a guide for financial advisors on how to incorporate sustainable, responsible and impact investing into their practice. The Financial Advisor Roadmap was prepared with insights from financial advisors and other industry professionals.
Total Impact Philadelphia was proud to host the launch of the PhilaImpact Fund. Click here to learn about this innovative investment solution, jointly developed by The Philadelphia Foundation and Reinvestment Fund.
GCP is now in the prototype stage. We are developing – in partnership and collaboration with other stakeholders – prototypes of initiatives to address some of the challenges that surfaced during the discovery phase.
From ImpactAlpha:We’ve been tracking locally-driven economic revival across the U.S.; Philly is testing approaches also taking hold elsewhere. Can local institutions and impact investors effectively direct capital to entrepreneurs and other agents of impact and change urban dynamics of economic dislocation, income inequality and racial division?…
We interviewed private wealth manager Jesse Clinton, who serves as Senior Partner and Managing Director of VERITAS Private Wealth Group at Snowden Lane. Jesse shares his insights about the ever evolving impact space, his personal interest in impact, and the tools and resources advisors should know.
We believe the financial services industry has the tools to solve some of the world's biggest challenges. Total Impact is an event is for all investment advisors and wealth managers who want to gain actionable, executable information on impact investment and investors who are interested in aligning their portfolios with their social values.
This article was originally posted by Alliance Bernstein, here by Dan Roarty
Tackling global poverty requires more than just charity. Investors can contribute to the effort—and find good sources of return potential—by focusing on companies that behave ethically or provide solutions to key poverty-related challenges.