Publications

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01 Mar 2013
News

Sizing Up Social Impact

challenges in creative ways: "The Robin Hood Foundation" (with Catherine Ross). Created by hedge fund and investment managers, the Robin Hood Foundation fights poverty through grants to nonprofit organizations in New York City. As the... View Details

Keywords: Julia Hanna; Crop Production; Agriculture; Administration of Economic Programs; Government; Administration of Housing Programs, Urban Planning, and Community Development; Government; Water, Sewage and Supply Systems; Utilities

Web

Case Studies - Social Impact Collaboratory

unlocking ESG value. Key Themes: ESG and activism may in fact be a source of financial and impact alpha; however, the path from theory to implementation is still being tested. Investing in Nature: The Nature... View Details

01 Dec 2003
News

A Legacy of Investment

capital campaign. Five historic panels recount the impact of major gifts at critical junctures. The exhibit also recognizes leadership donors to the campaign. Early gifts of confidence from the Boston and New York business communities... View Details

Keywords: Museums, Historical Sites, and Similar Institutions; Arts, Entertainment; Colleges, Universities, and Professional Schools; Educational Services

19 Jun 2023
Blog Post

The Road to Impact

private equity, eventually left Lehman to join Oakhill Partners in 1990, and then cofounded an independent investment banking advisory firm, Evercore Partners, in 1995. And while Offensend was building his career in finance, he also... View Details

2019
White Paper

Impact-Weighted Financial Accounts: The Missing Piece for an Impact Economy

By: George Serafeim, T. Robert Zochowski and Jennifer Downing

Reimagining capitalism is an imperative. We need to create a more inclusive and sustainable form of capitalism that works for every person and the planet. Massive environmental damage, growing income and wealth disparity, stress, and depression within developed... View Details

Keywords: Impact-Weighted Accounts; IWAI; Background; Economic Systems; Economy; Corporate Social Responsibility and Impact; Measurement and Metrics; Financial Statements

Read Now

September 2022
Case

ROI vs. ROI: The Grupo Baobá Family Office

By: Lauren Cohen, Hao Gao, Jiawei Ye and Grace Headinger

Fernando Scodro, a third-generation member of his family, mulled over the next step in integrating an ESG strategy into his family office’s investment portfolio. While his family office, Grupo Baobá, had made excellent progress in incorporating his family’s values into... View Details

Keywords: Impact Investing; ESG; Green Building; Family; Partnership; Latin America; Brazil; Buildings and Facilities; Green Buildings; Family Business; Family and Family Relationships; Financial Management; Partners and Partnerships; Financial Services Industry; Brazil; Latin America

11 Jan 2021
Working Paper Summaries

Accounting for Product Impact in the Airlines Industry

Keywords: by George Serafeim and Katie Trinh; Air Transportation; Transportation

March 2021 (Revised November 2022)
Case

Blue Meridian Partners (A): Scaling for Impact

By: V. Kasturi Rangan

In 2018, Edna McConnell Clark Foundation in a bold move transferred all its assets to a fund pooled with other General Partners and Limited Partners, called Blue Meridian Partners, to focus substantial long range investments in a few carefully chosen nonprofits.The... View Details

Keywords: Venture Philanthropy; Scaling; COVID-19 Pandemic; Social Justice; Philanthropy and Charitable Giving; Venture Capital; Business Model; Social Issues; Poverty; Values and Beliefs; Decisions; Corporate Social Responsibility and Impact; Nonprofit Organizations; Investment Portfolio

Web

Our Team - Social Impact Collaboratory

Project on Impact Investments and the Social Impact Collaboratory Jonah Zahnd is the Manager for the Project on Impact View Details

1990
Chapter

Comment on 'The Impact of the Tax Reform Act of 1986 on Foreign Direct Investment to and from the United States'

By: K. A. Froot

Keywords: Taxation; Laws and Statutes; Foreign Direct Investment; United States

September 2011 (Revised February 2013)
Case

Trucost: Valuing Corporate Environmental Impacts

By: Michael W. Toffel and Stephanie van Sice

Trucost provided corporate environmental performance data and analysis to institutional investors and corporate managers, but after operating for a decade had yet to achieve profitability. Trucost was struggling to effectively differentiate its high quality products... View Details

Keywords: Competitive Strategy; Knowledge Use and Leverage; Distribution Channels; Investment; Measurement and Metrics; Corporate Social Responsibility and Impact; Information; Value; Environmental Sustainability; Financial Services Industry

Fast Answer

Sustainable investing and ESG resources

Information Type Recommended Resources Overview & News ImpactAlpha
News and information covering the sustainable and impact investment markets. Our subscription includes the daily publication, The... View Details

16 Jan 2018
News

Celebrating the Impact of Nonprofits

SPNM scholarship program a primary focus of its fundraising activities because the program’s impact in the region is so far-reaching. “Our members have been most motivated to give back to the community through SPNM,” says Panoff. “This is... View Details

Keywords: Margie Kelley

01 Jun 2009
News

Donors Invest in Students’ Future

BARCOTT: Pledges to pay back donors in “service and deeds.” I am here tonight to thank all the donors who believe in the promise that the students in this room represent,” Rye Barcott (MBA ’09) told the nearly 550 people gathered in early April to celebrate the View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services; Religious, Grantmaking, Civic, Professional, and Similar Organizations; Personal Services

12 Feb 2015
Video

Philanthropy 2.0: Investing with a Purpose

18 Oct 2016
Op-Ed

Why Business Should Invest in Community Health

Children in the United States today are at risk to live shorter lives than their parents. This sobering assessment is one reason big box retailer Target is investing $40 million this year to improve the health of communities around the... View Details

Keywords: by John Quelch, Howard Koh, and Pamela Yatsko; Health

01 Mar 2023
News

An Investment in Tomorrow's Leaders

accessible and assure prospective students that the School will support them on their educational journeys. “The impact of the fellowship program on our students, who see how invested our alumni are in their... View Details

Keywords: Jennifer Gillespie

April 2002 (Revised February 2003)
Background Note

An Economic Framework for Assessing Development Impact

By: Benjamin C. Esty, Frank J. Lysy and Carrie Ferman

Discusses the differences between private and social returns and describes an economic framework for assessing a project's social return [known as the economic rate of return (ERR)]. The framework begins by analyzing the impact of a new project on private financiers... View Details

Keywords: Cost vs Benefits; Microeconomics; Investment Return; Framework; Projects; Business and Stakeholder Relations; Valuation

October 2019
Article

Limited Investment Capital and Credit Spreads

By: Emil N. Siriwardane

Using proprietary credit default swap (CDS) data, I investigate how capital shocks at protection sellers impact pricing in the CDS market. Seller capital shocks—measured as CDS portfolio margin payments—account for 12% of the time-series variation in weekly spread... View Details

Keywords: Credit Risk; Derivatives; Credit Derivatives and Swaps; Capital Markets; Credit; Financial Institutions