Introduction to Impact Investing & Social Finance
In the January 2011 edition of the Harvard Business Review, Mark Kramer and Michael Porter made a splash when they wrote an article entitled, “Denpasar. Kramer and Porter offer:
Creating Shared Value was the first big leap by mainstream economists into the growing world of social finance and impact investing. An acknowledgement that for-profit companies could, and indeed, should transform the way they do business to ensure both financial and social success.
Impact investing and social finance refer to a sustainable approach for managing money that creates positive social and environmental outcomes as well as economic return through capital investments in traditional businesses, non-profits and social enterprises.