Island ‘could develop niche in impact investment sector’

ONE of the world’s leading figures in impact investing has encouraged Guernsey’s finance industry to develop a niche in the sector.

jacquelinenovogratz

American entrepreneur Jacqueline Novogratz founded Acumen, a non-profit global venture capital fund which uses entrepreneurial approaches to address global poverty.

The fund has invested more than $100m. in businesses to help the poor in their own community, including clean water and power projects, which has impacted nearly 200m. lives.

Profits are reinvested in other projects.

‘We work with some of the richest and some of the poorest people on the planet,’ she said at an event in Guernsey organised by accountants PwC.

‘We are about standing with the poor and recognising potential where others see despair.’

The event raised the prospect of Guernsey enhancing its involvement in impact investing as a sector in its own right, which is a project being pursued by a working group led by the Chamber of Commerce.

‘Guernsey has an incredible opportunity right now because of generational shift, and all the different economic, political, social and environmental factors that we are seeing, and the quality of people here,’ she said.

Comments for: "Island ‘could develop niche in impact investment sector’"

Don Tramp

I dont understand what this means can someone explain ?

Roger Irrelevant

Don

Impact investing refers to investments "made into companies, organizations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return".

Source:Wikipedia

Beanjar

So is this new jargon in case anybody understood 'ethical investing', then?

Le Crouset

In basic terms, P*ss and wind.

Le Crouset

Disregard comment. Posted under the wrong article in error.

Island Wide Voting

Sounds like something the multi millions wasted by the UK on overseas aid could be much better spent on

Forget trying to stop Peruvian cows farting. Forget the 9M backing for an Ethiopian girl band. Forget spending thousands trying to find female partners for the endangered Mangarahara cichlid fish in Madagascar and put a few bob towards the distressing daily TV appeals to the public for 'just three pounds' for tents / blankets / fresh water / medicines or whatever else is desperately needed at any particular time

A tiny percentage of what is wasted on loony schemes just to ensure that Cameron's pot of cash is actually cleared before the pot is re-filled at the start of the new financial year could be used to set up hundreds of self-help businesses in poorer countries who are genuinely looking for a hand up rather than a hand out