Group Moves Toward Metrics to Ensure Impact Investments Really Have Impact
As more investors seek to use their capital as a tool for social change, a group of asset managers and nonprofit leaders is working to spread the practice, and to ensure impact investing stays true to its roots as its popularity grows.
The U.S. Impact Investing Alliance recently announced the creation of two new advisory councils stocked with heavy hitters from the world of philanthropy to share ideas and push advancements in impact investing.
The Presidents’ Council on Impact Investing is composed of 20 foundation leaders, among them co-chairwoman Julia Stasch of the MacArthur Foundation and the heads of the Case, Ford, Heron, Kresge, and Kellogg foundations. The Industry Advisory Council is made up of organizations that support the development of impact investing, including the Mission Investors Exchange, Confluence Philanthropy, and the Global Impact Investing Network. . .