Impact Funds Hit $1 Trillion, Defying Anti-ESG Fallout

In this Bloomberg article, authors Frances Schwartzkopff and Greg Ritchie spoke with Amit Bouri, CEO and Co-Founder of the Global Impact Investing Network (GIIN) to discuss the undeniable momentum of the impact investing industry, defying anti-ESG fallout. Schwartzkopff and Ritchie write, “Investor allocations to impact investing, which targets specific environmental, social or governance outcomes instead of just screening for ESG risks, now stands at more than $1 trillion, according to the Global Impact Investing Network. That growth feeds into a maelstrom of discordant views around ESG that have plunged the once obscure investing idea into a heated political debate. In the U.S., GOP states are now pushing through anti-ESG legislation, putatively to protect returns. But GIIN, which this month took charge of ensuring the industry applies credible standards, says investors are turning to impact strategies precisely because they're a good way to protect returns over time.”