Institutional Shift: Impact investing on the hot seat at global pension funds (podcast)

  • The results of a board election last week at the largest public pension fund in the U.S. offered a stark reminder that the “institutional shift” toward sustainable investing is in no way inevitable.
  • The latest episode of ImpactAlpha’s Returns on Investment podcast tried to take stock of the state of impact investing at such pension funds and other large institutional investors.

Reinvestment Fund taps capital market to raise $76 million for ‘impact investment bond’

Public bond markets are becoming a reliable new source of capital for community development financial institutions that lend to low-income communities. A successful $76 million offering by the Reinvestment Fund, a nationwide “CDFI” based in Philadelphia, pushed total capital raised through four such general-obligation bond offerings since last year to more than $350 million. Reinvestment

Will Goldman Sachs’ JUST index fund ‘infect the host’?

  • An investigative report has taken to task Goldman Sachs Asset Management, which supervises approximately $1.3 trillion in assets, for its record of proxy voting on shareholder resolutions at companies in the JUST portfolio, which tracks an index created by the nonprofit JUST Capital.

Global energy access is an impact investment even curmudgeons can love (podcast)

  • The Shine Campaign, which seeks to mobilize both philanthropic and private capital for energy access, surveyed 10 fund managers who collectively expect to deploy $1.3 billion in such ventures over the next two years, with half of the capital already raised. “It’s a hockey stick,” said Shine’s Mark Correnti.
  • The 10 funders are...

Six steps for expanding impact investment products that advance the Sustainable Development Goals

  • Progress towards mobilizing investment towards the Sustainable Development Goals has been slow and thin, write Rockefeller Foundation’s Lorenzo Bernasconi and Carolien de Bruin and Josephine Damstra of C-Change, an Amsterdam-based impact strategy consultant.
  • They call for solutions “to achieving a step-change in the number and scale of ‘fit-for- purpose’ investment products that are SDG-aligned."