Bono’s new venture takes aim at ‘fuzzy thinking’ in impact investing
By Sarah Shearman
Impact investment funds must stop relying on “fuzzy thinking” about how much good they do, Bono said as he announced a tie-up with U.S. private equity company TPG to measure the social and environmental change they achieve.
Impact investing – which promises social and environmental benefits as well as financial returns – is growing, but the difficulty of measuring how much good it achieves has caused some major investors to be cautious.
Photo courtesy of nat urazmetova.