Father of impact investing
We have the right to know what good and what harm companies are creating for people and the environment in their search for profit. In this video, Sir Ronald Cohen discusses how we can bring this about effectively.
We have the right to know what good and what harm companies are creating for people and the environment in their search for profit. In this video, Sir Ronald Cohen discusses how we can bring this about effectively.
We have the right to know what good and what harm companies are creating on people and the environment in their search for profit. Harvard Business School has created the Impact-Weighted Accounts Project, which aims to combine profit and impact information in the same account, measured in dollar terms. We need transparency from corporations as many will emerge from the COVID-19 crisis with heavily indebted balance sheets, reduced budgets and magnified social issues.
Key learning objectives:
Understand the Impact-Weighted Accounts Project
Learn what is meant by positive and negative impact
Identify why transparency is necessary
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This is a combination of impact information and profit information in the same set of accounts. This was necessary because we need to be able to use the same unit of measurement for profit and environmental impact, as well as social impact.
The Global Steering Group for Impact Investment (GSG). It is an entity which is advancing impact approaches, impact investment, and the delivery of impact by businesses across more than 33 countries.
There is a prudential reason why governments should want to do this - companies are going to emerge from the COVID crisis with very heavily indebted balance sheets, reduced budgets and magnified social issues as a result of increased unemployment. Governments actually need this impact transparency in order to achieve their business and investor goals.
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