Impact investing, through which investors allocate capital to market-based (i.e., profit-oriented) solutions to social and environmental challenges—in contrast to philanthropic or political solutions—has garnered increasing attention over the last decade.
Describes potential motivations for integrating environmental, social, and corporate governance considerations into investment decisions and encourages interested investors to be clear about their own reasons for doing so.
In October 2006, Cambridge Associates conducted a Social Investing survey of all its U.S. endowed clients. The survey queried institutions on their interest and participation in social investing, as well as the objectives, governance, values, implementation, and program evaluation of those institutions who do engage in social investing. Download PDF
This paper examines various approaches to social investing, explores whether social investing is incompatible with fiduciary responsibility, and outlines steps necessary to develop a social investing program.