Global Handbook of Impact Investing (eBook, ePUB)

Solving Global Problems Via Smarter Capital Markets Towards A More Sustainable Society
Redaktion: de Morais Sarmento, Elsa; Herman, R. Paul

• Format: ePub

Produktbeschreibung

Discover how to invest your capital to achieve a powerful, lasting impact on the world. The Global Handbook of Impact Investing: Solving Global Problems Via Smarter Capital Markets Towards A More Sustainable Society is an insightful guide to the growing world-wide movement of Impact Investing. Impact investors seek to realize lasting, beneficial improvements in society by allocating capital to sources of impactful and sustainable profit. This Handbook is a how-to guide for institutional investors, including family offices, foundations, endowments, governments, and international organizations, as well as academics, students, and everyday investors globally. The Handbook¿s wide-ranging contributions from around the world make a powerful case for positive impact and profit to fund substantive, lasting solutions that solve critical problems across the world. Edited by two experienced and distinguished professionals in the sustainable investing arena and authored by two dozen renowned experts from finance, academia, and multilateral organizations from around the world, the Global Handbook of Impact Investing educates, inspires, and spurs action towards more responsible investing across all asset classes, resulting in smarter capital markets, including how to: · Realize positive impact and profit · Integrate impact into investment decision-making and portfolio · Allocate impactful investments across all asset classes · Apply unique Impact Investing frameworks · Measure, evaluate and report on impact · Learn from case examples around the globe · Pursue Best Practices in Impact Investing and impact reporting While other resources may take a local or limited approach to the subject, this Handbook gathers global knowledge and results from public and private institutions spanning five continents. The authors also make a powerful case for the ability of Impact Investing to lead to substantive and lasting change that addresses critical problems across the world.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 1328
• Erscheinungstermin: 9. Dezember 2020
• Englisch
• ISBN-13: 9781119691136
• Artikelnr.: 60739578

Autorenporträt

ELSA DE MORAIS SARMENTO is an Associate Researcher at NOVAFRICA at Nova Business School of Management and Economics. She co-edited The Emerald Handbook of Public Private Partnerships in Developing and Emerging Economies. R. PAUL HERMAN is CEO of HIP (Human Impact + Profit) Investor Ratings and Portfolios and has served as faculty at business schools around the world. He is author of The HIP Investor: Make Bigger Profits by Building a Better World.

Inhaltsangabe

Foreword by Justin Rockefeller xxxi

Acknowledgments xlv

About the Contributors xlvii

Acronyms and Abbreviations lxi

Introduction 1

Chapter 1 Impact Investing: Innovation or Rebranding? 9
Haifa Ben Abid, MPhil

Introduction 10

Methodology 11

Impact Investing: Clarifying the Concept 13

Types of Impact Investing: Financial-First versus Impact-First 15

Impact Investing: A Response to a Changing Investment Environment 18

Changing Demographics: Investment Practices Among Millennials 18

A Global, Multibillion-Dollar Market 20

Mechanisms for Institutionalization 21

Key Features of Impact Investing 22

Refining the "Good" Return: Financial and Social Considerations 24

Helping Investors "Walk the Walk": Aligning Mission, Values, and Investments 24

A Prudent Entrepreneurial Spirit: Experimentation and Mitigating Risks 25

Impact Investing: Leverage for Development? 25

Conclusion 28

References 29

Chapter 2 Investing for Impact: Socially Motivated Investors and Externalities 37
Raghavan Narayanan, MBA and Stoyan V. Tenev PhD

Introduction 38

A Conceptual Framework for Socially Motivated Investment Behavior 39

Typology of Socially Motivated Investors 43

Impact Investing 52

Conclusion 56

References 58

Chapter 3 Place-Based Impact Investing: Local and Regional Assets for Local and Regional Impact in Globally Diversified Portfolios 61

Introduction 62

Targeting Impact Through Place-Based Impact Investing 66

Constructing Institutional Place-Based Impact Investing Portfolios 71

The Bay Area Model Equity Strategy 74

The US Community Investing Index, by the F. B. Heron Foundation 77

Creating Investable Opportunities for Sustainable and Resilient Communities Through Inclusive Community Engagement 81

Capital Stacks: Financing Local and Regional Projects 88

Global Examples of Place-Based Impact Investing Success 93

Final Remarks and Key Conclusions 98

References 99

Chapter 4 How to Invest in Human Capital: Measuring and Integrating Human Capital Valuation to Realize Higher-Impact Portfolios 103
R. Paul Herman, BSci and Kirstin Dougall, MFA

Why Impact Investors Should Care About Human Capital Valuation 104

Methodology 105

Measuring the Contribution of Human Capital to Returns 106

Human Capital Valuation Methods 107

Investor Methods for Capturing Monetary HCV 109

The Heritage of Monetary Human Capital Valuation Methods 109

Investment Strategies Using Monetary HCV 110

Non-Monetary Human Capital Valuation for Impact Investors 111

Exemplary Ratings Systems That Feature Human Capital Valuation 111

Non-Monetary Human Capital Metrics That Impact Investors Can Use in Custom Analyses 112

Employee Participation 114

Incorporating Data from Human Resources Management Systems 115

Standards for Human Capital Valuation 115

Integrating Human Capital into the Investment Process 118

Examples of Human Capital Valuation Applied in Impact Investing 118

Examples: Monetary Human Capital Valuation in Action 119

Monetary HCV Example: Asian Company "BroadTek" Uses Human Capital Financial Statements to Calculate Returns on Workforce Investments 119

Monetary HCV Example: Global Technology Company Infosys Uses Present Value of Compensation Method to Calculate Returns on Workforce Investments 119

Example: Being a Global "Great Place to W