Global Impact 50 Index Launches
Microfinance Focus reports on the launch of the Global Impact 50 Index:
With an objective of unleashing $2 billion of new capital by 2016 to help address urgent global challenges, an initiative supported by The Rockefeller Foundation, ‘Global Impact 50’ – the first ever index of the top 50 impact investment fund managers that deliver social and environmental value in addition to financial returns was announced at The Clinton Global Initiative on Tuesday. The index included leaders from microfinance, community development, fair trade, and other strategies.
The creation of a comprehensive impact investment platform is a result of a partnership between The Cordes Foundation, Calvert Foundation and Giving Assets who formally convened a consortium of philanthropic and financial services leaders.
“The Global Impact 50 will catalyze capital for impact investments and contribute significantly to Rockefeller’s work to expand social capital markets to help solve the world’s pressing challenges on a broader scale,” said Judith Rodin, President of The Rockefeller Foundation.
The index will serve as a gateway into the world of impact investing for investors and their financial advisors, introducing them to top players in the field while tracking assets under management. It will provide information on managers’ social and financial performance, investment strategy, and areas where capital is invested and will be the first published “index” of impact investment private equity and debt fund managers.