Monday
January 21
2019

Stricter global standards needed for impact funds to work, says OECD

By Sarah Shearman

Impact investment funds should be measured more strictly to ensure they are transparent about how much good their money is doing, the OECD said on Thursday, a day after a hoax letter on environmental investments hit global headlines.

The funds, which promise social and environmental benefits as well as financial returns, could do more good if proper international standards were in place, said the Organization for Economic Cooperation and Development in a report.

Photo courtesy of Sudipto Sarkar.

Source: Reuters (link opens in a new window)

Categories
Investing
Tags
economic development, ESG investing, impact investing