Impact Investments Under Management Total $502 Billion
By Abby Schultz
The impact investing market has grown exponentially since the term was coined in 2007 to describe investments that lead to social and/or environmental benefits as well as a financial return.
But exactly how big the largely private market has become hasn’t been known. On Monday, the Global Impact Investing Network (GIIN) came out with an estimate, saying impact investing assets under management at 1,340 organizations worldwide totaled US$502 billion at the end of last year.
“Half a trillion dollars in impact investing assets is a sizable amount,” says Sapna Shah, director of strategy at the GIIN. “Obviously there’s a lot more work to do to address the global challenges that we have. But what’s exciting is the opportunity [the market’s size] represents to grow impact investing and impact investment. It builds a case for why we need more of this.”
Photo courtesy of GotCredit.