#356: Impact Investing Sector Moving From 'What?' To 'How?'
Read the full Forbes article and watch the interview here: http://onforb.es/1KZ5a4x. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes or on Stitcher by clicking here: http://bit.ly/ymotwstitcher. Over the past several years as impact investing has captured the attention of the world’s wealthy, people started by asking “what is impact investing?” Today, the question more people are asking is “how do I do impact investing?” [Jump to page 2 to watch the live interview.] The Global Impact Investing Network, co-founded by Amit Bouri who serves today as the CEO, sits near the center of this discussion. The GIIN (pronounced like jean or gene gin, as in gin and tonic) is building a database of impact measures in hopes of creating a resources that will help standardize impact measures. Investors of all sorts are relatively good at measuring return on investment. Many investors, myself included, check their portfolio values daily. Some monitor them throughout the day–even if they aren’t trading. Others fall back to reviewing quarterly and annual statements, but however financial returns are measured, such measures are easy to gather. The GIIN is helping to make impact measurement just as easy. Impact investors will achieve target impacts unless they have good data with which to measure the impacts. And let’s be clear, much of what we initially think of as impact is just activity. An investment that increases the number of books in children’s hands isn’t really an impact so much as an intermediate outcome. The impact is the changes, positive we hope, that are yielded in the lives of the children. Are they doing better in school, reading at or above grade level, graduating from high school, matriculating into college, etc. The GIIN is working to help us measure impact in all its forms. Bouri is bullish on the future. “Impact investing has the potential to channel significant amounts of private capital to solutions to the worlds most intransigent challenges. Last year was a banner year for impact investing and set the stage for 2016 to be a year of tremendous growth and progress.” Read the full Forbes article and watch the interview here: http://onforb.es/1KZ5a4x. Please consider whether a friend or colleague might benefit from this piece and, if so, share it.