If you’ve heard the words social investment, impact investment, responsible investment being bandied around recently, but don’t have a scooby what they mean, it’s worth a read of this article in Pioneers Post by Phil Caroe, director of social finance at social venture support platform, Allia, to put you in the picture.
… we want to influence the attitudes, and consequently the behaviours, of investors so that consideration of social impact becomes a fundamental aspect of investing. This attitude shift is in itself a good thing. By moving the conversation on from the opportunity for personal gain to the implications for social well-being, we are helping to create a more responsible and relational culture. Furthermore as money begins to move away from socially irresponsible companies – as we are seeing with the fossil fuel divestment campaigns – this motivates companies to recognise the market advantages of a more responsible and positive impact approach.