The democratisation of impact investment and the link to inclusive business
For pension funds, impact investing is not only investment with a conscience, it’s a stable financial choice that shows steady returns and weathers wider market fluctuations. And it’s what pension holders are increasingly asking for, says Tim Macready, CIO of Brightlight, an Australian impact investing company that has already invested A$150m (£80m) in pension funds in more than 200 companies in emerging markets.
Climate change, the low-carbon transition and sustainable development pose some of the greatest challenges of the 21st century. The global transition is well underway and has urgent and wide-ranging implications for companies, policymakers and investors. This requires integrated thinking across the board from corporates - but do workplace pensions schemes and business strategies sufficiently reflect this?
by Amy Domini, founder, Domini Social Investments and The Sustainability Group
One of the most stubborn problems facing practitioners of responsible investing is the name game. Despite the fact that the practices of any one firm are almost universally accepted practices at all firms, we ourselves choose to confuse the public with a myriad of names. Business schools ‘teach’ nuances implied by the use of differing titles; our own sales literature emphasizes one language while attempting to position this as an advance over other phrases.
The fossil fuel divestiture campaign GoFossilFree equates the end of oil, gas and coal to the great moral crusades of our time — Apartheid and tobacco — while hoping to reduce demand for fossil fuel stocks and thereby threaten their stock prices.
The esteemed business teacher and author Peter Drucker had specific views on ethical leadership: He thought the ethics of personal responsibility stemmed from the advice of the ancient healer, Hippocrates: Primum Non Nocere – First Do No Harm. Today’s healthcare professionals live by the rule. And explains commentator William Cohen, PhD for us: Drucker thought the mirror test was a good test: look in the mirror and ask, what kind of person do I want to see this morning?