What if investors were intent on using the mechanism of the free market and the power of the economy to improve social and environmental outcomes from the outset?
That is the challenge thrown down by a new development model that seeks to turn the power of the market economy to social good. So-called impact investing puts private capital to work jump-starting for-profit entities or supporting nongovernmental organizations with the intention of creating fiscal profit that can be tracked in accounting books but also a social profit that can be observed in improved living standards or environmental conditions in developing nations around the world. Impact investing was the focus of a conference on June 16 to 17 in Rome, sponsored by the Pontifical Council for Justice and Peace, Catholic Relief Services and the Mendoza College of Business of the University of Notre Dame.
To read the entire article visit: Private Investing for the Common Good?