Impact funds promote their social mission to the world, but internally financials still rule
Although impact funds are good at talking up the social and environmental aspects of their investing strategy in their marketing materials, their internal processes are much more likely to play up the financial aspects of their products, a new briefing from Wharton’s ESG Initiative shows.
The brief, titled “Operationalizing Impact: An Analysis of Impact Investing Fund Practices,” is based on data from a survey of 222 impact funds worldwide, conducted between 2020 and 2022. The findings revealed inconsistencies between what the funds publicly proclaim on their social impact goals and how much attention that gets in their internal operations.
“There’s been a persistent question in the impact investing field concerning how…
