- As disagreement continues over how to measure impact investing, the Tipping Point Fund on Impact Investing is issuing grants to come up with the right mix of policy proposals.
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Creating an impact investing policy agenda
Impact investors have yet to reach universal agreement on measurement standards, but in the U.S. there is increasing recognition that the policy infrastructure for incentivizing responsible investments needs an update. This is especially true after a damning report on the use of Opportunity Zone legislation to enrich developers at the expense of local minority-owned businesses, despite efforts from impact investors to steer things in a more equitable direction. The Tipping Point Fund on Impact Investing, a $14 million donor collaborative led by the U.S. Impact Investing Alliance and funded by well-known philanthropies, issued grants to eight organizations to come up with the right mix of policy proposals — including tax breaks, fiduciary standards, and funding for CDFIs — to pursue, regardless of who wins in November.
In Other News
Climate advocates are calling the EU’s coronavirus stimulus package a mixed bag for the environment. Morgan Stanley is now the first U.S. bank to commit to disclosing the environmental impact of its loans and investments. Yet another reminder that the stock market does not reflect COVID-19 infections or deaths. As customers who insist on (rudely) flaunting safety precautions increase, service workers are seeking mental health support online. Is Instagram’s new personal fundraiser feature the next frontier for crowdfunding? Your new Levi’s jeans will actually be recycled.
Quarantine Cat Film Festival. You’re welcome.
The Tipping Point Fund on Impact Investing is issuing grants to come up with the right mix of policy proposals. An earlier version of this story, and the email version of this newsletter, incorrectly abbreviated the name to the Tipping Point Fund.