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.
This article was written by IRI Senior Fellow and Senior Strategic Adviser to Tau Investment Managment, James Gifford. It was originally featured in the Courier Mail.
THE world’s most powerful investors believe strong action on climate change is inevitable and a carbon price is the best economic strategy, private equity fund adviser and leading academic James Gifford said.
Toowoomba-born Dr Gifford is a senior strategic adviser for Tau Investment Management – a New York-based fund backed by investors including Alexander Soros, son of billionaire financier George Soros – and is a senior research fellow at Harvard Kennedy School in Cambridge, US.
Dr Gifford, in 2010 named one of 200 Young Global Leaders by the World Economic Forum, helped found and was executive director of a United Nations responsible investment initiative which secured the backing of 1200 financial institutions worldwide, with a collective $40 trillion in assets committed to them. [read more...]
On July 1st the Initiative for Responsible Investment (IRI) co-hosted a meeting with the ICIC to explore the potential role of the EB-5 program to increase economic opportunity in distressed communities. The EB-5 Immigrant Investor Program, a relatively obscure and sometimes controversial program was introduced in 1990 to attract foreign investment in U.S. markets. The program links investments that generate documented job creation to conditional permanent resident status for foreign investors and includes incentives for those foreign investors to invest in distressed communities.
The day-long event built on ICIC’s recent excellent report on the EB-5 programs impacts, strengths and challenges. We concentrated not on the sources of the EB-5 investments – though that obviously came up! – but on how to maximize the social impact of those investments. [read more...]