Podcast: Are you ready to consider impact investing?
As Millennials move into new leadership roles, they are demanding the opportunity to align every facet of their lives with making a positive difference in the world. A new capitalism, what Ben Thornley and his coauthors call Collaborative Capitalism, is focused on more than just financial returns to make an impact on the world’s issues.
One tool of Collaborative Capitalism is called impact investing. This new form of investing focuses on delivering positive social and environmental outcomes alongside competitive financial returns.
In the new book, Impact Investing: Lessons in Leadership and Strategy for Collaborative Capitalism, the authors examined 12 outstanding impact investment funds that met or exceeded expectations in a two-year study.
They uncover the practices that make these funds successful and outline the strategies that all investors, from corporate executives to change agents to philanthropists, can apply to their own organizations to achieve high performance in both social and financial outcomes.
We had a chance to discuss the exciting implications for nonprofits in a recent conversation with coauthor, Ben Thornley. Feel free to click on any of his answers to the topics we present below in the podcast excerpts:
Increasingly, financial institutions and corporations around the world are using Collaborative Capitalism as a tool to generate clear, positive social outcomes in addition to profits. This book will help nonprofits learn how capital can be used to drive social and environmental change as well as how to attract potential investors.
Financial tools are increasingly being used to support community vehicles, including nonprofits, cooperatives and social enterprises. The Impact Investor gives a comprehensive overview of the approaches successful impact investors have used to increase their probability of success.