Impact Investing: Making Social Good Pay Well
In 2007, the Rockefeller Center convened philanthropists and investors at a convention center in the small Italian town of Bellagio. Responsible investing had already been a concept – shielding money from businesses believed to cause harm – but it was at this gathering that the more active term of “impact investing” was coined. Within a year, the Foundation opened a fund with $38 million behind it. So what is impact investing, anyhow?
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