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US hedge fund head quits to launch impact fund
25 June 2020Jeff Ubben has left $16 billion hedge fund manager ValueAct to set up an environmental and social impact fund.
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Social bond growth outstrips green bonds - S&P
23 June 2020Social bonds will grow faster than green bonds this year, as issuers deploy the model to help finance coronavirus pandemic response measures, according to S&P Global Ratings.
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Rockefeller Foundation considering racial equity screening of grants
22 June 2020The Rockefeller Foundation is examining ways it can introduce an "equity screen" on the grants it provides to help grow businesses that have a positive social or environmental impact.
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Allocate more to impact post-Covid-19, Canadian pension funds told
19 June 2020Traditionally risk-averse Canadian pension funds are gradually investing more to create positive impact but still lag their European counterparts, Michael Hurley writes
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US 'Opportunity Zones' not living up to impact goals, study says
18 June 2020The US government's Opportunity Zones economic development scheme is failing the deprived communities it was built to serve - and especially those in majority-black neighbourhoods, a report claims.
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UNDP reveals 'standards' for SDG bond issuers, private equity
17 June 2020The UN Development Programme (UNDP) has published draft 'standards' to help private equity fund managers and bond issuers finance the UN Sustainable Development Goals (SDGs).
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PRI issues guidance ahead of mandatory SDG reporting
16 June 2020The Principles for Responsible Investment (PRI) has published guidance on how investors can "shape the real-world outcomes" of their investments by using the Sustainable Development Goals (SDGs), as it prepares to introduce mandatory outcomes-based reporting from next year.
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Private wealth managers want better impact products, says Tribe
15 June 2020Many private wealth managers are keen to invest for positive impact but are often constrained by a lack of quality products and the absence of incentivisation structures, according to Tribe Impact Capital.
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Impact market surges 40% to $715 billion, GIIN says
11 June 2020The global market for investments made with an intent to generate measurable positive impact alongside financial returns grew by about 40% to $715 billion last year, according to estimates by the Global Impact Investing Network (GIIN).
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Ford Foundation to issue $1bn in social bonds in response to Covid-19
11 June 2020The Ford Foundation is set to issue bonds worth $1 billion with a 'social' label, in a departure from the organisation's usual avenues of fundraising, according to a report by The New York Times.