1. Neighborhood trusts might be a game-changer. The trusts give residents and local businesses a say – and a stake – in the growth of their communities. From the Kensington Corridor Trust in Philadelphia, to Trust Neighborhoods in Tulsa and Kansas City, to The Guild in Atlanta, and California’s NICO and East Bay Permanent Real Estate Cooperative, communities are retaking control of commercial and residential real estate. Take the tour.
Donnel Baird, BlocPower. There was no heat in the building in Brooklyn’s Bedford-Stuyvesant neighborhood where Baird grew up, so he and his sister would turn on the oven to heat their apartment. “In low-income communities, there’s a waste of energy,” Baird told ImpactAlpha, “and there’s a waste of human potential.” Baird founded the climate tech startup with Morris Cox in 2014 to bring clean energy to low-income Americans. BlocPower helps utilities, government agencies and property owners retrofit city buildings in underserved communities and finances eco-friendly electric heating and cooling systems for small and mid-sized property owners at no up-front cost. The company has retrofitted more than 1,000 buildings in New York City, saving property owners up to 50% on energy costs. This week, BlocPower raised $8 million in equity and $55 million in debt, led by American Family Institute, AccelR8 and Goldman Sachs.
Low-carbon transition. Resilient Infrastructure Group acquires renewable natural gas facility from Equilibrium Capital… Vestas Ventures backs Modvion to create wooden wind turbines… Volta Energy Technologies closes $72.6 million to fund battery tech… Ikea-backed foundation invests in fossil fuel-free equities and green steel… ChargeLab raises $4.3 million for EV infrastructure software… Patch raises $4.5 million to channel carbon-offset financing… Malta raises $50 million for thermal energy storage.
Brookfield Asset Management’s Mark Carney, former head of the Bank of England, joins the board of Stripe… Align Impact adds Patience Marime-Ball of Women of the World Endowment, Shu Dar Yao, ex- of RSF Social Finance, and Mamadou-Abou Sarr of V-Square Quantitative Management to its investment committee… Sophie Durham, ex- of Kosmos Energy, is named director of ESG and infrastructure investments at First Sentier Investors.
BlackRock is hiring a director of its impact opportunities fund in New York and hiring an impact investing vice president for its fundamental equity division… Prime Coalition is recruiting a director of impact in Cambridge, Mass… Croatan Institute seeks a part-time or full-time analyst or associate… 17 Asset Management is hiring a data-science sustainable investing fellow… Envestnet is looking for an impact investing intern in Denver.
ImpactAlpha, January 6 — A few of the keywords thrown around on last month’s Agents of Impact Call No. 26: accountability, electrification, institutional, …
What: The Call No. 25: Gender-smart investing for a sustainable recovery Join SME.NG’s Thelma Ekiyor, Trade Depot’s Onyekachi Izukanne, Development Partners International’s Takudzwa Mutasa, Alitheia’s Temilade Denton, …
The people and principles needed to solve the challenges of financing solar power for frontline health clinics were represented on ImpactAlpha’s Agents of …
ImpactAlpha, Oct. 1 – What got us here won’t get us where we need to go. Guidelines that govern global finance need to …
ImpactAlpha, Aug. 27 – Investors have been talking about systemic risks at least since the Great Financial Crisis of 2008. More recently, climate …
It’s long past time to get political. Impact investing, with appeal on both the left and the right, has generally steered clear of …
“It’s a great time for new entrants, but for those of us who’ve been doing this for a while it is equally urgent to raise our game right and to not get complacent,” said Margot Brandenburg of the Ford Foundation.
ImpactAlpha, Jun 24 – The action in climate action is shifting to infrastructure. Driven by falling price curves for renewables, mispriced risk, and …
ImpactAlpha, Apr. 4 – A disruptive technology has to be 10 times better than what it’s replacing. Tech venture capitalists aim to recoup …
ImpactAlpha, Apr. 30 – The first annual assessments of impact investors are coming in under the International Finance Corporation’s Operating Principles for Impact …
ImpactAlpha, February 5 – Small and growing businesses are the pillars of local economies, in both developed and developing economies. Startups are engines …
ImpactAlpha, April 14 – Don’t refer to conventional finance as ‘mainstream,’ ImpactAlpha’s David Bank said on The Call earlier this month. Call it ‘legacy …
On this week’s podcast, host Monique Aiken chats with ImpactAlpha’s Roodgally Senatus about Bitwise Industries’ big raise and BlocPower’s Donnel Baird, this week’s …
ImpactAlpha, Feb. 25 – Philanthropic foundations tend to be cautious and slow-moving beasts. One signal of the urgency of the current moment: the billion-dollar …
Host Brian Walsh is joined by Amy Cortese to talk about the growing corporate demand for soil carbon.
Host Monique Aiken checks in with Suzanne Biegel in London to debrief this week’s GenderSmart Investing Summit.
ImpactAlpha, Feb. 10 – The broad problem of systemic bias in the asset management industry became very specific when fund manager Rachel Robasciotti pitched …
On this week’s show, host Brian Walsh engages NYU Stern School’s Tensie Whelan about corporate board leadership – or the lack of it …
ImpactAlpha, Feb. 3 – As founder of The Workers Lab, Dr. Carmen Rojas led a nonprofit incubator and investor with the tagline “building power …
ImpactAlpha, Feb. 2 – A contested election. A political deal. An historic sellout. Screech… halt… stop. The presidential election just finished had a decidedly …
ImpactAlpha, Feb. 1 – Talk about a signal. The Emancipation Proclamation in 1863 kicked off the period of systemic reform, multi-racial progress and shared …
ImpactAlpha, Feb 1 – The Reconstruction series will engage investors, entrepreneurs, activists and academics in the U.S. and around the world, as Aiken puts …
Host Monique Aiken and David Bank introduce The Reconstruction, the series of racial justice podcasts and posts launching next week on ImpactAlpha.
On this week’s podcast, host Brian Walsh breaks down creative-economy opportunities with Upstart Co-Lab’s Laura Callanan. We also listen, again, to some of …
In The Price of Inequality, the Nobel Prize-winning economist Joseph Stiglitz notes the moments in history when people rise up to say something …
With Democrats now in control of both the House and Senate, the Biden Administration has a once in a generation opportunity to “build …
As it reported its fourth straight quarterly loss yesterday, Exxon tried to deflect a growing shareholder revolt by adding an independent board member …
“Materiality is being redefined – through pressure on business from wider civil society, and through precedents established by company practice and, increasingly, regulation …
As we finally put 2020 into hindsight, the road ahead is uncertain. On the one hand, stock markets continue to thrive, and the …
Regenerative agriculture may be in vogue, but in many ways, it’s as old as agriculture itself, as practiced by our ancestors and to …
Pollution and climate change disproportionately affect communities of color. In the U.S., decades of systemic racism and economic disadvantages mean Black and Hispanic …
After years of signaling its intent to withdraw from the Paris Agreement to fight climate change, the United States made the decision official …
During Bill Clinton’s campaign for the presidency, he shared his vision of a federal government initiative that would provide $1 billion in financial …
Marcia Fudge will be the 6th Black person to lead the Department of Housing and Urban Development (HUD) since 1966, so how could …
Power is critical to Africa’s development. At least 600 million people across the continent that don’t have access to affordable and reliable power. …
Redavia Solar created a concessionary solar power program to continue attracting customers
ImpactAlpha, Feb. 26 – There was no heat in the building in Brooklyn’s Bedford-Stuyvesant neighborhood where Baird grew up, so he and his sister …
ImpactAlpha, Feb. 19 – The former Hollywood super agent spotted a disconnect. Those green-lighting movies and TV didn’t represent the diverse audiences consuming them. …
Goldman Sachs’ commitment this week of $130 million in credit to Jackson, Miss.-based Hope was the latest, and one of the largest, shows …
ImpactAlpha, Feb. 5 – Ngozi Okonjo-Iweala has a warning for nations prioritizing self-interest in their pandemic responses: “No one in the world can be …
If putting a price on carbon is the key to getting to net-zero, Bill Winters – with an assist from Mark Carney – …
In a star-studded inauguration featuring Lady Gaga and J-Lo, the 22-year old poet stole the spotlight at president Joe Biden’s inauguration. Accolades poured …
“Welcome to the New Georgia,” proclaimed Senator-elect Raphael Warnock. “It is more diverse, and it’s more inclusive. And it readily embraces the future.” …
Earlier this week, 91-year-old Margaret Keenan in England received the first COVID-19 vaccination (yes, the second was an 81-year-old named William Shakespeare). That …
ImpactAlpha, Dec. 4 – You could almost see the tumbleweed blowing down the streets of downtown Las Vegas when Tony Hsieh launched The Downtown …
ImpactAlpha, November 20 – Follow the women… to catalyze an economic recovery and unlock trillions in new consumer spending power. Tech-enabled startups are …
ImpactAlpha, Nov. 13 – Bold leaders. Taking action. Driving impact. That’s the tagline on the snappy Agents of Impact section on the new ImpactAlpha.com …
ImpactAlpha, Oct. 30 – Two years ago, ImpactAlpha recognized Kesha Cash as an Agent of Impact for her cutting-edge investment thesis: the billion-dollar …
The response to our call last week to ‘name your favorite impact investor’ demonstrated the breadth of the talent pool under the big …
“Hospitals of the future will become more like NASCAR pit-stops than inescapable black holes,” says Melanie Walker, co-chair of the World Economic Forum’s …