It sounds almost too good to be true: making money by curing cancer? How can something so unequivocally good for humanity also yield a financial return?
The Community Reinvestment Act (CRA) is as important and successful as it is simple: Banks that operate with taxpayer-funded support must reinvest in ...
What are your thoughts when you pass on that donation to a charity or homeless chap? If you're anything like me, you probably internally justify that ...
But what if the next place where innovation would spring from is not a physical place, but an entire segment of our economy? I'm talking about the non-profit sector.
2015 was a big year for innovation and angel investing. More and more ideas are being turned to reality with the help of incubators, accelerator programs, and the heavy expansion of web-based collaborative platforms.
Do you sincerely believe that at the end of the day, Goldman Sachs cares more about social impact than about financial returns?
We need to think bigger. We need to embrace the notion that capitalism is one of the most powerful forces on the planet, and if we build and invest in businesses that have an explicit social purpose, we can create sustained funding of a type we've never imagined.
In public policy (and life in general), addressing a dangerous risk is more cost-effective than fixing a problem after it emerges. Yet, most government spending is focused on reacting to problems rather than preventing them.
If one accepts the common Impact definition, then the present Impact discussions and case studies are vastly missing the point. We are focussed on the one small plant, that is pretty, in a massive forest of opportunity.
The truth is, a vast number of those who are invested in the stock market have very little understanding of what they're invested in. They rely on fund managers to buy and sell and only pay attention to whether their portfolio is going up or down.
My father was a 1960s-style left-wing academic quite critical of capitalism. We passed many ideas around our dinner table, but not one of them was the potential benefit of trade and business. Surprisingly, when I left home, it was precisely that idea that crept in sideways.
Businesses have become big players in the production of knowledge. Deloitte and PriceWaterhouse Coopers are exemplar powerhouses of social impact research.
The entire US economy is being held back by the economic limitations of 43.3 million Americans straddled by $1.2 trillion in debt constraining more productive consumption and investment choices.
Early adopters are consumers who aspire to own the newest gadget even if it means paying top price. When it came to a renewable energy plan for our home and automobiles, we were no exceptions.
Let's start with the question of what banks are for. They have the crucial role of determining what use is made of capital. This gives banks both a huge power and a huge responsibility.
Last week, Jim Anderson of Bloomberg Philanthropies and Andrea Phillips of Goldman Sachs shared lessons from their investment in a social impact bond to reduce recidivism at Riker's Island.