II Market
“Investments made into companies, organizations, and funds with the intention to generate social or environmental impact alongside a financial return.”
What is the definition of impact investing?
The five dimensions of impact
What are: What, Who, How Much, Contribution and Risk?
The definition of an efficient impact frontier
True or False: asset owners only care about positive impacts
What is false, as many care about reducing harm as well as benefitting stakeholders or contributing to impact?
Your favorite guest speaker in the class and why
Who is: Eric Savage of Unitus Capital, Luba Shabal of Closed Loop, Laura Mixter of LISC, David Kirkpatrick of SJF Ventures, Doug Kauffman of Belongingly, Meredith Heimburger of GEM, Tuokpe Ajuyah of Crewcial Partners, Ben Thornley of Tideline, Fran Seegull of US Impact Investing Alliance, Jordana Pleat of Capshift, Ishita Shah of Align, or Tamara Larsen of Mercer?
According to the GIIN, the current size of the impact investing market
What is $1 trillion?
What are counterfactuals?
Key lessons of SJF's exit from Transloc
What is an impact fund cannot always control exit success along financial and impact factors?
The 2X Challenge and what it accomplished
What is a movement launched at the G7 Summit in 2018 to collectively mobilise $3 Billion in private sector investments in developing country markets over 3 years. And what is it mobilized a total of US $33.63 Billion to support gender equality and women’s economic empowerment in the 5 years from 2018 to 2023?
The difference in financial returns between self-managed vs. outsourced endowments, according to GEM
What is 6.3% annual return?
The decrease in ESG assets in 2023 according to the USSIF, which is equal to this percentage of US managed assets
What is from $16T to $8T? And it is 1 out of every 8 dollars under professional management in the US, or 13%.
The 4 universal steps of IMM
What are set strategy, integrate, optimize and reinforce?
The two most important dimensions for LISC when impact rating a potential investment
What are Community-Centeredness and Effectiveness (scale, depth, duration)?
The 6 lenses of gender lens investing
What are:
investors, supply chain, access to capital, leadership, products and services and workplace equity?
The two advantages of engaging an OCIO like GEM, according to Meredith
What is to integrate governance and accountability into asset management, leveraging broad experience across many clients?
This term is used to describe a fund that focuses on specific industry or industries that is/are likely to have impact AND generates market rate returns
What is thematic?
The golden rule of IMM
What is... always define outcomes from the perspective of the stakeholder who experiences them?
Two things that MUST be aligned for a new asset management fund working to create impact
What are its impact thesis and investment thesis?
The three types of impact investing advisors, according to Tideline
What are investment advisors, developers and distributors, and strategy consultants. (and which is Tideline?)
The difference between ESG and Impact Investing
What is investing to reduce financial risks by stakeholders (ESG) for investing for stakeholder outcomes (impact)?
The percentage of GIIN survey respondents who say they target market rate returns
What is 67%?
The actual definition of impact
What is a change due to an intervention that is different (with statistical significance) that what would have happened anyway?
Root capital's rationale for rating its loans and then correlating them to financial return
What is to justify its ongoing need for subsidy?
The largest percentage of C-type investments you could get in one of GEM's three portfolios.
What is 30%?
According to Fran Seegull, the set of international corporate disclosure regulations that includes the idea of double materiality (and tell us what that means)
What is the European Financial Reporting Advisory Group (EFRAG), which requires disclosures of impact of sustainability issues on a firm’s financial value AND the firm’s impact on the environment, society and the economy? All the others so far are focused on single materiality.