By integrating ESG and impact, argue Jessica Droste Yagan and Priya Parrish of Chicago-based venture firm Impact Engine, investors can boost impact and improve returns.
“Addressing climate change is uniquely suited for a collaborative model,” says EIP’s Hans Kobler.
Contradictory. Contemptuous. Fatally flawed. These are just a few of the adjectives they have used to describe the proposed rule. “This is the classic common enemy,” said Sinclair Capital’s Jon Lukomnik, who has written a widely endorsed letter to the Department of Labor. “Everyone is united against this.”
Thoughtful design and execution of impact-oriented investing strategies can future-proof competitiveness, activate purpose, and unlock new avenues for innovation.
The Department of Labor "is going in and trying to essentially rewrite the definition of the duty of prudence and the definition of loyalty,” says the Pension Resource Institute’s Jason Roberts.
Both actively managed funds go beyond evaluating environmental, social and social factors to target investments in solutions with measurable social and environmental impact.
The global pandemic has caused severe health and economic impacts in the short-term. It is also accelerating long-term trends that, with decisive action, could accelerate the transition to a sustainable and inclusive future.