Ford Foundation Supports Progress on Impact Investing
Ford Foundation supports an experimental rating process aimed to hold large fund managers acuntable for delivering on wide range of impacts. Community Capital Management’s CRA-Qualified Investment Fund became the first publicly-traded mutual fund to receive a third-party rating for impact .
Just as third-party ratings have become essential for judging financial risk of an investment, third-party verification of impact is essential if impact is to become a core component of investment decision-making. As large investment houses start to bring capital to bear on the world’s social and environmental challenges, analysts will be on guard for “impact-washing” — dilution of meaningful impact in the service of marketing...