“No amount of philanthropy or foreign aid will solve the problems the world faces” said ImPact CEO Abigail Noble. “We need to use businesses and capital markets”. If you seek profits on a “triple bottom line,” you’re what’s called an impact investor. That means you’re interested in putting money into companies that generate positive social and environmental impact plus financial returns.
Why does ImpactPHL chair John Moore feel so strongly about optimizing investments beyond financial metrics, and Philadelphia’s role as a global hub for such innovation? In volume one, he explains the perspective of ImpactPHL Perspectives.
Margaret Bradley is on a mission to make Philadelphia “the center of the impact investment universe.” Bradley cut her at teeth at The Reinvestment Fund, one of the nation’s top community finance institutions. Now with Ben Franklin Technology Partners, a regional economic development fund, she’s charged with deploying $15 million into Philly startups tackling education, health, other social and environmental challenges.
The chief executives of the world’s largest public companies recently received a letter from one of the most influential investors in the world. And what it says is likely to cause a firestorm in the corner offices of companies everywhere and a debate over social responsibility that stretches from Wall Street to Washington. Laurence D. Fink, founder and chief executive of the investment firm BlackRock, is going to inform business leaders that their companies need to do more than make profits — they need to contribute to society as well if they want to receive the support of BlackRock.
Total Impact is a new conference series dedicated to providing practical education and advice for investors and advisors to adopt socially responsible investment strategies across asset classes. Total Impact is a two-day event in Philadelphia on April 26 and 27, 2018, with a strong focus on curating the best investment firms and individual expertise to educate the investor space. In order to meet the growing demand for impact investing advice, it is critical to increase investment advisors' awareness and access to leading investment ideas and measurement tools. This forum is designed to inspire, educate, and equip investors and advisors who are looking for practical ways to execute as impact investors.
Six ways Philly is moving from Independence Hall to Incubator City
“It’s about how do we create more and better corporate citizens,” said Donovan, program manager and sole employee at ImpactPHL, an alliance of people and organizations formed in July 2016 to enhance the Philadelphia region’s impact economy — where success is measured not just in financial performance, but in contributions to society’s betterment.
Put away that granola bar. As much as Jay Coen Gilbert, co-founder of B Lab, believes in sustainability, good employment, and good environmental practices as key business values, he’s all about profit and ROI, return on investment.
Sister Nora Nash regularly meets with CEOs of big banks, arms makers, and tobacco giants, using her order’s position as a shareholder to fight for change. In an age when corporations are first in line for tax cuts but seemingly unaccountable when an economy sinks or an election tilts, Nash has sought leverage by joining the one group that big companies still have to listen to: shareholders.
Middle America is an engine of innovation. Low-income communities are investable. Immigrants are assets, not liabilities. Inclusive prosperity is a pro-growth strategy. In cities and towns across the U.S. and around the world, business and civic leaders are building local ecosystems to help residents thrive in the global economy. We call them The New Revivalists.
Ben Franklin Technology Partners recently announced that it is partnering with DC-based Village Capital to bring the Village Capital Pathways program to the Philadelphia region. The partnership also includes global financial services firm UBS and will focus its support on African American, Latinx, and/or women founders to help prepare their ventures for potential strategic partners and investors.
Why become a conscious company? Here's an easy answer: Because it's just plain good business.
Implementing conscious business practices isn’t just about doing the right thing or being nice. In fact, the research on the advantages of consciousness just keeps pouring in: self-aware leadership, sustainability, and other companion practices elevate human wellbeing even as they benefit the bottom line. But don’t just take our word for it — here’s the latest evidence of the benefits of becoming a conscious company in infographic format.
As the socially-responsible, ESG (for environmental, social and governance), and impact investing movements have gained steam, so has the number of companies offering products aligned with investors’ values.
Providing low-cost, low-effort personal investment options, U.S. robo-advisorscurrently have more than $100 billion in assets, and are estimated to reach $2.2 trillion by 2020. To differentiate themselves within the market, and attract the 63 percent of millennials who have invested or intend to put money into socially-responsible investments, socially-conscious platforms and investment options are rapidly expanding.
The GIIN’s report provides investors with a comprehensive review of available research to date on the financial performance of impact investments. The report evaluates over a dozen studies—produced by a wide range of organizations—on the financial performance of investments in three common asset classes in impact investing: private equity, private debt, and real assets, as well as individual investor portfolios allocated across asset classes.
Audacious social change is incredibly challenging. Yet history shows that it can succeed. Unfortunately, success never results from a single grant or silver bullet; it takes collaboration, government engagement, and persistence over decades, among other things. To better understand why some efforts defy the odds and what lessons today’s philanthropists can learn from successful efforts of the past, we dived deep into 15 breakthrough initiatives. Our research revealed five elements that together constitute a framework for philanthropists pursuing large-scale, swing-for-the-fences change.
Investment capital will be critical, and on that front Philadelphia has seen a positive trajectory over the past ten years. While 2017 data shows a decrease in activity, the fall-off has been consistent across the nation.
No one — not a single individual or even a team — can fill all the roles necessary to successfully build a startup. Those who understand where they need help and actively seek it out are ahead of the game.
ImpactPHL was identified as a Spark (a best practice) for creating social enterprise ecosystems.
Customers are demanding transparency as they take an increasing interest in the ethical practices of those they buy from.
Toniic released its T100 Report: Insights from Impact Advisors and Consultants 2017. The T100 Project is a multi-year study of the portfolios of over 50 Toniic 100% Impact Network members. It reveals new insights about the various paths towards and feasibility of 100% impact investing.
The Angel Resource Institute recently released its 2016 Halo Report, which ranked Investors’ Circle already the largest early-stage impact investing network as the third most active angel group in the country.
There are already so many things happening here in Philly that we are already being called an Impact capital.
When it comes to learnings towards ethical consumption, our young people are miles ahead of us. A recent study finds that not only are young people often more conscious consumers than their parents, they are much more aware of global issues than some adults give them credit for.
We wanted to create a company that was built upon the ideals of valuing more than profit maximization. We wanted to create a sustainable business, yes, but also a business model worthy of being sustained. In short, we wanted NeedsList to be an impact business.
Concurrent with the trend of spending more on a cup of coffee is the Fair Trade coffee trend. Caffeine lovers are increasingly concerned with how their spent dollars affect people at all levels of the supply chain. Globalization of the coffee market put farmers in coffee-exporting countries at risk of unfair compensation. As a result, Fair Trade certifications, which aim to ensure ethical compensation of agricultural workers, have been on the rise.
Melinda Gates says America's workaholic culture is one of the main obstructions to diversity, causing women and minorities to lean out. This workaholic culture is particularly harmful to women Gates writes because women are still being told by society that home care and child care is up to them as well. The result is a work ethic that hurts everyone.
According to the Todd Carmichael, successful businesses evolve. They continually ask themselves what adjustments can be made to reach specific goals. Rather than laying the burden of the business on the shoulder of predatory pay they make model adjustments and continue to put the employee at the center of the company. In exchange they earn employee loyalty and a happier company which creates a better customer experience better products better culture and brand.
The solar panel installation and education company is being honored for its mission of sustainability, its workforce development programs for disadvantaged youth and its contribution of jobs to the Philadelphia region.
The Wayne-based nonprofit that certifies companies as B Corps just announced its 2017 honorees, and Philadelphia companies take up a whopping 16 spots.