Press Release: Calvert Impact Capital Passes $500 Million Milestone in Distribution of Community Investment Notes™ via Incapital Network
Monday, October 28, 2019
Calvert Impact Capital, the mission-driven financial institution dedicated to creating a more equitable and sustainable world, today announced that it has surpassed $500 million in distribution of its Community Investment Notes™ through Incapital’s network of broker-dealers and financial advisors. The volume of Community Investment Notes™ distributed demonstrates the continued increase in demand for impact investing opportunities from financial advisors.
“Incapital’s distribution network has been instrumental in helping us grow our business and in increasing access to investments that deliver deep impact as well as a financial return,” said Calvert Impact Capital President and CEO Jenn Pryce. “Channels like Incapital’s are essential for moving money at the scale we need to achieve the UN Sustainable Development Goals.”
The Community Investment Note™ program first became available through Incapital in November 2005. Calvert Impact Capital uses the proceeds from the notes program to invest in organizations in the U.S. and more than 100 countries that create affordable housing, finance small businesses, develop renewable energy solutions, and provide essential community services.
“The Community Investment Note™ serves as an important bellwether for the popularity of impact investing and passing this sales milestone is another encouraging proof point that impact investing is moving further into the mainstream,” said Incapital CEO John DesPrez III. “We are proud of our role in building a more equitable and sustainable world by providing values-based investing options on our Legacy™ Platform.”
Photo courtesy of Sudipto Sarkar.