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Retirement Plan Sponsors Remain Cautious on Impact Investing and ESG
2016 was an effective year for providers and recordkeepers searching to incorporate socially and environmentally conscious investment themes; yet fear of fiduciary risk and industry jargon are slowing progress among defined contribution (DC) plans.
- Categories
- Impact Assessment, Investing
- Region
- North America
- Tags
- ESG, impact investing
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Aavishkaar to raise $150 million fund for Africa investments
Impact investment firm Aavishkaar Venture Management Services (AVMS) plans to raise up to $150 million to invest in Africa, said a senior executive. “We are looking to raise between $100 million and $150 million for the African fund. We will start the fund-raising around the middle of 2017 and we expect to close it in 2018,” said Vineet Rai, founder of Intellecap-Aavishkaar group.
- Categories
- Impact Assessment, Investing
- Region
- Sub-Saharan Africa
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Could Fiduciary Standards Be Lowered to Encourage ESG?
Groom Law says the strong push in international bodies such as the European Commission and OECD to encourage pensions to take into account environmental, social, ethical and governance (ESG) factors could spill over to the United States.
- Categories
- Environment, Impact Assessment, Investing
- Tags
- ESG, impact investing
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What Will It Take for the New Gates-Led Clean Energy Fund to Be a Breakthrough?
Last week, Bill Gates, the co-founder of Microsoft and co-chair of the Bill & Melinda Gates Foundation, announced Breakthrough Energy Ventures, a $1 billion fund that will invest in clean energy innovation.
- Categories
- Investing, Technology
- Tags
- renewable energy
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Will ESG Survive Trump?
Jon Lukomnik is one of the pioneers of modern corporate governance. He cofounded the International Corporate Governance Network (ICGN) and GovernanceMetrics International (now part of MSCI), and served as interim chair of the Council of Institutional Investors’ executive committee. He serves as executive director of the IRRC Institute, which funds corporate governance, sustainability and capital market research. A three-time recipient of the NACD’s Directorship 100 award, he has also been honored by the ICGN, Ethisphere, Global Proxy Watch and others. Jon is a member of the Standing Advisory Group of the PCAOB, and his new book, What They Do With Your Money: How the Financial System Fails Us and How To Fix It, coauthored with Stephen Davis and David Pitt-Watson has been widely praised.
- Categories
- Environment, Impact Assessment, Investing
- Region
- North America
- Tags
- ESG
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Kresge Investing $14 Million to Community Finance Institutions Serving Low-Income People
The Kresge Foundation announced today $14 million in investments to six Community Development Finance Institutions (CDFIs) and Development Finance Agencies (DFAs) working to expand opportunity for low-income people in America’s cities through an initiative called Kresge Community Finance (KCF).
- Categories
- Impact Assessment, Investing
- Tags
- impact investing, lending
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10 Lessons From Impact Investing in India
10 years, US$ 50 million, over 50 investments. Those numbers don't tell the whole story of Michael & Susan Dell Foundation's journey in India. Since the foundation began its work in India in 2006, with the goal of eradicating urban poverty through its focus on education and family economic stability, it has focused on scalable solutions supported by a combination of grants and impact investments. Our impact investing evolution is reflected in both the organisations and projects that have scaled up as well as our learnings along the way.
- Categories
- Impact Assessment, Investing
- Region
- South Asia
- Tags
- impact investing
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A New Fund Seeks Both Financial and Social Returns
“There is a lazy mindedness that we afford the do-gooders.” That was Bono, the musician turned activist turned investor, lamenting the pitfalls of what has become an increasingly fashionable form of financing: social impact investing.
- Categories
- Impact Assessment, Investing
- Region
- North America
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