This is the first book to chart the catalytic path of this new
industry, explaining how it is and can be a positive disruptive
force. It shows how impact investing is a transformational vehicle
for delivering "blended value" throughout the investment spectrum,
giving a single name to a set of activities previously siloed in
enclaves, revealing how they are linked within what is becoming a
new field of investing. Written by two leaders in the growing field
of impact investing, the book defines this emerging industry for
participants on all sides of the funding equation (investors,
funders and social entrepreneurs).

Filled with illustrative examples of impact investing success
stories
Reveals how the field can expand in order to address the most
critical social and environmental issues of our day
Explores the wide-ranging applications of impact investing as
well as entrepreneurial opportunities

The authors do not take a normative approach to argue how
investors should behave like an investment guide might but show how
entrepreneurial people and institutions are already offering an
integrated alternative.

Autorentext

THE AUTHORS Antony Bugg-Levine designed and leads the Rockefeller Foundation's impact investing initiative. He convened the 2007 meeting that coined the phrase impact investing and is the board chair of the Global Impact Investing Network. He also teaches at Columbia Business School. A native of South Africa he served in the late 1990s as the acting communications director at the South African Human Rights Commission. Jed Emerson, originator of the term blended value, is executive vice president of ImpactAssets, a senior fellow with Heidelberg University's Center on Social Investing, and a senior advisor to the Sterling Group (Hong Kong). He was founding director of REDF, a founding board member of Pacific Community Ventures, and founding director of Larkin Street Services.

Klappentext
This groundbreaking book charts the path of a new industry, explaining how impact investing is and can be a positive disruptive force. Impact Investing affirms that it is possible and desirable to address social and environmental problems with investments that generate financial profits.

Antony Bugg-Levine and Jed Emerson reveal how impact investing is a transformational vehicle for delivering blended value through investment. The authorstwo leaders in the burgeoning field of impact investinggive a name to a set of activities previously siloed in enclaves and reveal how these activities are linked within what is becoming a new and dynamic field. The authors don't take a normative approach to argue how investors should behave but instead show how entrepreneurial people and institutions are already offering an integrated alternative. Impact Investing defines this emerging industry for all the institutions and people it is affecting (investors, funders, social entrepreneurs, educators, policy makers, and marginalized communities) and showcases illustrative examples of challenges and successes. The book also explores the potential that impact investing holds to tackle the most critical social and environmental issues of our day on a scale never seen before. Ultimately, Impact Investing offers a fundamentally optimistic vision. This unifying vision illuminates what can be achieved when we capture total blended value, when all our assets work in unison with our values and beliefs.

Zusammenfassung
A ground-breaking book on the transformative power of impact investing This is the first book to chart the catalytic path of this new industry, explaining how it is and can be a positive disruptive force. It shows how impact investing is a transformational vehicle for delivering "blended value" throughout the investment spectrum, giving a single name to a set of activities previously siloed in enclaves, revealing how they are linked within what is becoming a new field of investing. Written by two leaders in the growing field of impact investing, the book defines this emerging industry for participants on all sides of the funding equation (investors, funders and social entrepreneurs).

Filled with illustrative examples of impact investing success stories
Reveals how the field can expand in order to address the most critical social and environmental issues of our day
Explores the wide-ranging applications of impact investing as well as entrepreneurial opportunities
The authors do not take a normative approach to argue how investors should behave like an investment guide might but show how entrepreneurial people and institutions are already offering an integrated alternative.

Inhalt

Preface ix

Acknowledgments xxi

Part One The Terrain of Impact Investing 1

1 A Mighty Wave 3

2 Impact Investing in International Development 19

3 Microfinance: Still the Best Brand in Development? 39

4 Impact Investing in Social Enterprises: Flourishing in the ''Confusing Mess'' 61

5 Where Is Impact Investing Headed? 85

Part Two The Implications of Impact Investing 109

6 How Will We Regulate Impact Investing? 111

7 How Will We Cultivate Transformational Leadership? 141