Applying the framework of capital absorption, this brief review suggests some initial thoughts on how support for formal collaboration may foster CDFI capacity development in new areas of expertise at three levels:
Since the first meetings of the TLF in 2011, infrastructure investment has been a topic of interest to the pension trustees. As an asset class, it has the potential to provide not only appropriate returns to workers’ pension funds, but also investments in communities that need good jobs...
The retirement savings that we oversee, as trustees, are invested in companies and government agencies that shape the work and lives of people across the globe. We believe investments that contribute to a sustainable world serve our funds and our beneficiaries. We have a responsibility to make sure that our investments are contributing to decent retirements and to a sustainable world. We want to encourage companies and government agencies in which we invest to treat their people, their resources, and their environment in a responsible manner.
ETIs are investments that generate collateral benefits for communities apart from the investment return to the plan. As investors move toward incorporating ESG factors into investment decision-making, and interest grows in impact investing, it is a good time to look at how ETIs utilize similar investment strategies to incorporate nonfinancial factors into investment analysis.... Read more about A Note on Pension Fund Economically Targeted Investments
“What can communities do to make it easier to attract and deploy capital and leverage other assets to achieve their social goals?” This question, central to the concept of capital absorption, is addressed in this report which applies the concept to hospitals and health systems. With support from the Robert Wood Johnson Foundation, Robin Hacke (Kresge) and Katie Grace Deane (IRI) expand their work on capital absorption into the area of hospitals and health systems, examining how these institutions may be able to drive community health improvements by investing in the social determinants of health.... Read more about Improving Community Health by Strengthening Community Investment: Roles for Hospitals and Health Systems
A list of links and brief descriptions of recent research, news articles and tools for trustees thinking about the business case for corporate board diversity. Created as a resource for the TLF Webinar Series.
October 2016 This discussion paper, written for a series of international PRI Roundtables in Japan, Singapore, South Africa, the UK and the US, examines growing economic inequality, its impacts on economic growth, and how investors can respond. Inequality, in some ways, is a parallel to climate change in terms of responsible investment, emerging as a paradigmatic instance of the S in ESG, as climate risk is to the E. Calls for investors to address inequality, perhaps most prominently in the UN Sustainable Development Goals, are bringing heightened attention to this issue. This paper is a tool for investors to think about economic inequality in a fiduciary context.
This 2016 Natural Resources Defense Council publication is co-authored by IRI Director David Wood and lays out practical advice for cities as they consider how to do high-road infrastructure investment which considers environmental and social issues from the early stages of project development...
2011 How can policymakers, investors, and civil society better evaluate and develop impact investment policies? Impact Investing: A Framework for Policy Design and Analysis, a report by the IRI and InSight at Pacific Community Ventures with support from The Rockefeller Foundation, draws on case studies from around the world to address this key question.
March 2012 This working paper is a first effort to describe the community investment ecosystem as a way to better evaluate and understand how community investment capital is absorbed and deployed in specific metropolitan regions. Part I describes the functions that must be performed in order to put capital to work in underserved communities. Part II offers an initial diagnostic framework that analysts can use to understand how functions are being performed in a given place and what is missing.