World’s wealthy investing more in companies that care
Monday, May 28, 2018
By Lee Mannion
A global investment club for the wealthy whose members aim to bring about social or environmental change as well as making a profit has grown by more than $1 billion in two years, according to a report.
Toniic said its members now have a combined $2.8 billion in so-called impact investments – capital placed with companies and organizations that can demonstrate they benefit society or the environment – up from $1.65 billion in 2016.
Members, who include families and foundations as well as wealthy individuals, said the industry was becoming more mainstream.
Photo courtesy of fsecart.
Source: Reuters (link opens in a new window)
- ESG, impact investing, philanthropy