ImpactAlpha, January 27 — New York-based BlueMark, part of the consultancy Tideline, has assessed dozens of asset managers and owners under the Operating Principles for Impact Management (for background, see “Adopting impact performance standards to hold sustainable investing accountable for real-world outcomes”).
BlueMark raised $2.3 million in equity from Ford Foundation and Radicle Impact, and a $1.4 million recoverable grant from Rockefeller Foundation. It earlier snagged a grant from the Tipping Point Fund on Impact Investing.
BlueMark fills a gap “as an expert, third-party that can look under the hood of investor practices and performance,” said Ford’s Roy Swan.
BlueMark’s verification includes impact labeling and classification under Europe’s Sustainable Finance Disclosure Regulations, or SFDR, and other frameworks.
Impact investing “depends on third-party verification to accelerate the maturation of the industry and improve transparency, integrity and comparability among impact investors,” said BlueMark’s Christina Leijonhufvud (disclosure: BlueMark is a sponsor of ImpactAlpha).