John Bloom is vice president of organizational culture at San Francisco-based RSF Social Finance, a pioneering funder of
It's committed to creating social good.
The company just set a new standard for corporate transparency.
According to a recent report by SFI, the total assets under management with a sustainable or responsible investment mandate is approximately 18 percent worldwide. This reflects a 929 percent increase since 1995. Investors are not only looking to eliminate negative impacts from their portfolio, they now want to make a positive impact with their dollars.
Benefit corporations still have a fiduciary responsibility to make money, but profit does not have to be the exclusive goal. In fact they are legally required to show how they created a public benefit in order to stay in compliance.
Impact investors hope to see continued growth in the sector as more people seek to align their money with their values and