Stockholm (NordSIP) – As the popularity of sustainable assets continues to grow despite COVID-19, entrepreneurial investors seeking to explore the most advanced opportunities offered by this paradigm shift often struggle to navigate the field’s complex investment processes. To answer this demand, Rockefeller Philanthropy Advisors launched a practitioners guide to help asset owners turn their interest into action.
Two years in the making, the “Impact Investing Handbook: An Implementation Guide for Practitioners” is a 180 pages practical publication featuring case studies and detailed guidance for individuals, families, foundations, and corporations. Written by Steven Godeke of Godeke Consulting and Patrick Briaud of RPA, it features input from over fifty experts and practitioners.
The Handbook covers four main topics. It starts by asking why investors ought to invest in impact assets, and develops a theory of change by merging impact goals with investment goals. It also focuses on how investors might go about building or shifting a portfolio using the full range of impact tools and structures at their disposal. It also describes approaches to measuring success through leading principles, frameworks, and standards. The report concludes with a discussion of how investors can craft a realistic implementation plan by following best practices.
A nonprofit organisation, Rockefeller Philanthropy Advisors traces its origins to the philanthropic works of to John D. Rockefeller, Sr., who managed his philanthropic donations professionally from 1891. He is considered to have been the richest man in the history of the USA. His wealth is estimated to have peaked at 2% of the country’s GDP at one point. He was the founder of Standard Oil, which came to own a monopoly of all oil in the USA and was one of the drivers of the industry’s growth and popularisation. His philanthropic work was seminal in establishing the foundation model of charitable organisations dominant across the globe to this day. His donations supported crucial medical research and educational projects. Exceptional for his time, Rockefeller directed many of his funds to African-American Communities in the southern USA.
Impact investing seeks to generate social and environmental benefits while delivering a financial return. According to estimates cited by Rockefeller Philanthropy Advisors, the current value of the impact investing market could be as high as US$9 trillion in the U.S. alone.
Portraint of John D. Rockefeller,Sr, via Wikimedia Commons