How to Move from Intention to Impact in Business and Investment
Many investors I’ve talked to around the country this fall want to be “impact investors,” but having good intentions is only a start, and won’t get you as far as you want.
Many investors I’ve talked to around the country this fall want to be “impact investors,” but having good intentions is only a start, and won’t get you as far as you want.
After breaking into the mainstream of the investment world, ESG investing has become big enough to be a political target too. In an interview, the head of US SIF, an industry group advocating sustainable investing, reflects on this evolution.
Berkshire Bank’s wealth management division has launched new socially responsible investment portfolios that the bank said would strengthen its commitment to environmental, social and governance factors.
While macro-related risks certainly loom given the ongoing pandemic and its many side effects, the worst of the cycle appears to be in the past, and tenants will be filling space across property types.
Berkshire Bank’s plan to plow $1.5 billion into small business lending, part of new $5 billion three-year environmental, social and governance commitment, is coming at a critical time.
A new program from Citizens will allow corporate clients to direct their cash reserves toward companies and projects that are expected to create a positive environmental impact, the bank said in a recent statement.
Since George Floyd’s death, many banks have leapt forward with billions in pledges to communities of color. Those actions should be praised, but lenders must look beyond addressing racial diversity and economic inequality with charity if they want to thrive in a changing America.
While the banking and real estate industries may have played substantial roles in perpetuating racial inequalities in America, that doesn’t mean firms today have to resort to charity to help heal those wounds.
In a decade of commercial real estate success in Boston, the Roxbury neighborhood has lagged seriously behind. Could that be changing?
Environmental, social and corporate governance topics have become key concerns for investors and donors, said John Traynor, the executive vice president and chief investment officer at People’s United Bank, a concern that he has recently seen gaining momentum.