The Initiative for Responsible Investment (IRI) at the Hauser Center for Nonprofit Organizations promotes the development of the theory and practice of responsible investment through research, dialogue, and action. The IRI works across asset classes to build communities of practice around innovative responsible investment strategies and catalyze new opportunities and concepts in responsible investment.
Our last IIPC Conference, held July 2013 in the UK, included a presentation on the newly created Social Impact Investment Taskforce. Convened by the UK as part of their G8 Presidency, the Taskforce was directed to report out on the opportunities to ‘catalyze a global market in impact investment.’ Yesterday, that Taskforce released its report and a series of policy recommendations for governments interested in supporting what they call a social impact investment market.
From a global impact investing policy perspective, the mere existence of the Taskforce, and its country-level National Advisory Boards, was an exciting development. The G7/G8 platform elevated conversation of the topic internationally, and being tied to a policy body moved the conversation more solidly into government consciousness than has been done before. Aside from trade conferences like SOCAP or Skoll, there had been relatively few opportunities to share cross-border experiences in impact investing, and certainly no significant space to discuss emerging policy at a high level. The work the Taskforce and Advisory Boards have accomplished over the last year is impressive, and conveners and participants should be applauded for advancing policy as a crucial part of the discussion. [read more...]
IRI Founder, Steve Lydenberg and Senior Fellow, Jay Youngdahl both contributed to an extensive and comprehensive book on fiduciary duty, Cambridge Handbook of Institutional Investment and Fiduciary Duty. The topic has become an increasingly relevant and important one in discussions around responsible investment theory and practice. The book was edited by former IRI Senior Fellow, James P. Hawley. Read more from the Cambridge University Press:
The Cambridge Handbook of Institutional Investment and Fiduciary Duty is a comprehensive reference work exploring recent changes and future trends in the principles that govern institutional investors and fiduciaries. A wide range of contributors offer new perspectives on dynamics that drive the current emphasis on short-term investment returns. Moreover, they analyze the forces at work in markets around the world which are bringing into sharper focus the systemic effects that investment practices have on the long-term stability of the economy and the interests of beneficiaries in financial, social and environmental sustainability. This volume provides a global and multi-faceted commentary on the evolving standards governing institutional investment, offering guidance for students, researchers and policy-makers interested in finance, governance and other aspects of the contemporary investment world. It also provides investment, business, financial media and legal professionals with the tools they need to better understand and respond to new financial market challenges of the twenty-first century.