The Internet giant has positioned itself as a leader in unconscious bias training, instructing employees to call out colleagues for sexism or racism. Yet the sexist slight went mostly unacknowledged, at least by the executives on stage. However Danielle Ginach, associate director and impact manager at Sonen Capital, spoke up and said into the mic: "I am sorry to put another shareholder on the spot. But Ms. Porat is the CFO, not the lady CFO."
Last week, impact investing firm Sonen Capital released a report showing how their investments and impact track against the goals — a move they hope will inspire other investors and firms to follow. The SDGs, the firm argues, can be good for business. The potential for profit could “induce [them] to participate more directly,” said Will Morgan, the director of impact at Sonen Capital.
Sonen Capital has published the first of its kind report that directly links investment strategies to the United Nations Sustainable Development Goals (SDGs). Sonen’s globally focused public equity, fixed income and real assets portfolios aim to deliver competitive financial returns while supporting several specific SDGs including climate change, clean energy, water and sanitation, sustainable cities, sustainable timber and green real estate.
In 1999, Silicon Valley power couple Charly and Lisa Kleissner graduated from the tech IPO boom with a pile of cash and the desire to do some good.The couple would eventually find their way into impact investing, a buzzy new realm of investing that seeks a double bottom line of financial as well as social and environmental returns. It didn’t happen right away, though.
Impact investors will now be able to measure the social and environmental good achieved through their investments, thanks to a new framework developed by charity consultants NPC, working with US philanthropists Charly and Lisa Kleissner.
We believe that capital markets can and should help solve the world’s pressing environmental and social issues, while at the same time delivering market-based financial performance.
In 2009, OpenPath Investments launched a pilot program aimed at strengthening the social safety net for the low- and middle-income residents while incorporating sustainable practices into their lives. The “UrbanVillage” program, as it is now known, encourages residents to network and take an active role in their communities.
A recent Bloomberg report indicates that companies looking to hire people with a niche-focused advanced degree, such as an MBA in Sustainable Finance, are few and far between. Even investment firms with a focus in the sustainable industry sector are pursuing those with a more general degree from graduate school. Though the idea of sustainable operations is trending in many industries right now, studying it specifically may not be the best idea in today's job market.
Last month Acumen joined forces with global business software leader SAP to offer a two-week leadership development program in Silicon Valley for CEOs from nine Acumen-backed companies. This fellowship included a closed-door session hosted at First Round Capital, a seed-stage venture firm that is a giant in Silicon Valley, having been among the first to invest in the likes of Uber, Taskrabbit and Blue Apron.
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