Tipping Point Fund on Impact Investing

The Endowment Impact Benchmark (EIB) is a major milestone for the sustainable and impact investing field, as it will provide a way for social purpose institutions with endowments - colleges, universities, foundations, faith-based groups, cultural institutions, nonprofits, and others - to measure and celebrate their progress and benchmark relative to their peers. The five endowments that participated in this pilot - Arizona State University California State University Foundation Lewis & Clark College University of California and University of Toronto - are true leaders in this space. We congratulate them all on their excellent rankings and appreciate the example they have set for other endowments. IEN is grateful for the Tipping Point Fund on Impact Investing Sorenson Impact Foundation and Rockefeller Brothers Fund for supporting this work; BlueMark for their partnership and verification services, Chief Investment Officer for covering the results of the pilot, and all of the members of the EIB Advisory Committee and IEN Steering Committee and Board who guided this project.  See the summary results of the pilot here: https://lnkd.in/eaCRQtNu #endowments #foundations #assetowners #investing #impinv #sustainablefinance #ESG #highered #sustainability https://lnkd.in/e_xEDHY2

🚩While most allocators know what to look for when evaluating the financial risks and opportunities associated with a firm and its investment strategies, evaluating a manager’s potential to achieve impact results requires a different toolkit. Building on insights included in "A Field Guide: Impact Due Diligence and Management for Asset Allocators" released last year, Sarah Gelfand discusses some of the red flags allocators should avoid when evaluating impact fund managers in ImpactAlpha. https://lnkd.in/ecVN-_iR As a reminder, the full report can be found here: https://lnkd.in/gpvZB6en

The 3rd Annual System-level Investing Symposium, taking place on April 10, is co-hosted by TIIP - The Investment Integration Project, U.S. Impact Investing Alliance, and Principles for Responsible Investment and made possible with support from Domini Impact Investments LLC, Orrick, Herrington & Sutcliffe LLP, and the High Meadows Institute. This hybrid event, held in person in New York and virtually over Zoom, will bring together key investors and influencers to help establish and refine a shared vision of system-level investing and stewardship, identify system-level investing examples, discuss opportunities, challenges, and breakthroughs needed, and help the industry avoid working at cross purposes. Register here: https://lnkd.in/eUnrF5px After the opening panel, the second session will feature a Rapid Fire Round on "Data and Analysis - The Opportunities and Challenges." The session will feature Lazaro Tiant of Schroders with a TED-style presentation and a conversation between Lenora Suki of Renaissouk LLC and the Chair of TIIP's working group that guided the (Re)Calibrating Feedback Loops project, and James Hawley, co-author of the book "Moving Beyond Modern Portfolio Theory: Investing that Matters". Over lunch, TIIP's Managing Director Monique Aiken will host a discussion on the state of the industry with TIIP Founder and Chairman Steve Lydenberg, co-author of the book "21st Century Investing: Redirecting Financial Strategies to Drive Systems Change", TIIP Advisory Council Member and Managing Partner of Sinclair Capital LLP, Jon Lukomnik, the other co-author of "Moving Beyond Modern Portfolio Theory" and symposium co-host, Fran Seegull, President of the US Impact Investing Alliance and Executive Director of The Tipping Point Fund on Impact Investing. They join previously announced speakers, including Cambria Allen Ratzlaff of the PRI, Brian Minns of University Pension Plan Ontario, Shannon O'Leary of Saint Paul & Minnesota Foundation, Rajith Sebastian, CFA of New York State Insurance Fund (NYSIF), Tiffany R. Reeves of Faegre Drinker, and Keith Johnson of Global Investor Collaboration Services. Look out for more speakers to be announced later this week! **Space is limited for the in-person gathering. All interested in attending who cannot be accommodated in person will be able to participate virtually. Registration for this event is available here. In-person registration closes on Friday, April 5th, at 5 p.m. ET.** Copying the rest of the event partners: William Burckart, Laura Weeks, Jessie Duncan, Perry Teicher, Chris Pinney, and Carole Laible. #impactinvesting #sustainableinvesting #systemschange

We've just launched Portfolios on the Ballot 2024 (POTB), the first publication specifically designed to help investors vote their proxies on a systems-first basis. POTB flags initiatives that protect the social and environmental systems that support diversified portfolio value. Check out the report and access a table where you can find upcoming annual meetings involving #SystemStewardship initiatives here: https://lnkd.in/ecu2dC66 #FiduciaryDuty #ProxyVoting

It’s been long clear that US corporations purposely concentrate power and money with the already wealthy. Today, Oxfam America continues the fight against inequality with their new Corporate Inequality Footprint – one of the only holistic measures of the 200 largest US public companies’ contributions to the inequality crisis in this country. It is our responsibility to take seriously the impacts of unchecked corporate power and advocate for greater disclosure requirements that expose the link between corporate behaviors and rising inequality. Read the research report here: https://lnkd.in/eWSsd96T. #CorporateInequality #InequalityMadeInAmerica

*New paper!* Despite soaring corporate profits and strong market performance, wealth and income inequality are increasing, leading to public disenfranchisement and market imbalances which can eventually jeopardize crucial business functions and diversified investors’ portfolios. Institutional investors are increasingly concerned with the financial implications of social and environmental risks and calling for tools to identify and mitigate them. The Predistribution Initiative (PDI) is pleased to have partnered with Oxfam America and Omidyar Network on this discussion paper which is designed to support U.S. investors in understanding how sharing more wealth and influence with workers and communities can correct imbalances and support early identification and mitigation of emerging risks. Specific tools and opportunities are highlighted which can foster more sustainable and responsible value creation and ultimately a more inclusive and thriving economy. Examples include grievance mechanisms, freedom of association and collective bargaining, human rights due diligence and FPIC, shared ownership models, and workers on boards. Sincere thanks to Fran Seegull of the U.S. Impact Investing Alliance and Tipping Point Fund on Impact Investing for her excellent foreword, as well Claire Mattingly and Madison Banker; Irit Tamir and Sharmeen Contractor of Oxfam; Elena Botella and Chris Jurgens at Omidyar Network, and to those who contributed to the paper, including those listed below. Kindra Mohr, Esq., David Wood, Thomas Croft, Nisson, Debbie, Josh Zinner, Mary Hiebert, Nadira Narine, Thomas A. Kochan, Perry Teicher, Christopher Mackin, Tom Powdrill, Alison Lingane, Taylor Sekhon, Jon Shell, Janet Williamson, Aaron Brenner, Nabil Ahmed, Caroline Brodeur, Nick Galasso, Uwe Gneiting, Emily Greenspan, Hana Ivanhoe, Diana Kearney, Daniel Mule, Kauwel Qazi, Helen Ripmeester, Stephanie Burgos, Tim Hirschell-Burns, Scott Sellwood, Robert Silverman We look forward to continuing the dialogue to workshop and implement these solutions together. https://lnkd.in/gSSdPj6P

As the impact investing market approaches $9 trillion, management practices and disclosures required to report on impact performance are still a work in progress. Professor Catherine Clark will discuss new guidance for impact investors on avoiding accusations of impact or greenwashing. CASE at Duke #ImpactInvesting #ESG

Join us as we kick off the 2024 #ProxySeason with a webinar series for diversified shareholders looking to protect the systems critical to the value of their portfolios. You can also sign up to receive regular updates on proxy initiatives designed to protect diversified portfolio value: https://lnkd.in/eS_msxJz. #SystemStewardship #AMR #LivingWage

🔎 𝐒𝐭𝐚𝐭𝐞 𝐨𝐟 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐞 𝐨𝐟 𝐒𝐨𝐜𝐢𝐚𝐥 𝐚𝐧𝐝 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐈𝐒𝐒𝐔𝐄 𝐧°𝟐: Who are the #Drivers of Social and Environmental Audits? Since 2016, the SPI audits, including ALINUS used by #investors, have allowed Cerise+SPTF to collect #data and produce #benchmarks. The SPI database tells us concrete stories on how and why responsible #FinancialService providers and impact investors conduct social and environmental performance assessments. And the main drivers are investors and local consultants, from the SEPM Professionals Network! 👉 Learn more about the network: https://lnkd.in/eRDQXJkM 🔜 𝐂𝐞𝐫𝐢𝐬𝐞+𝐒𝐏𝐓𝐅 𝐬𝐡𝐚𝐫𝐞𝐬 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝐚𝐧 𝟖-𝐢𝐬𝐬𝐮𝐞 𝐬𝐞𝐫𝐢𝐞𝐬, 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐭𝐡𝐞 𝐒𝐏𝐈 𝐝𝐚𝐭𝐚𝐛𝐚𝐬𝐞 (𝐟𝐫𝐨𝐦 𝐚𝐥𝐥 𝐪𝐮𝐚𝐥𝐢𝐭𝐲 𝐚𝐮𝐝𝐢𝐭𝐬 𝐬𝐮𝐛𝐦𝐢𝐭𝐭𝐞𝐝 𝐟𝐫𝐨𝐦 𝟐𝟎𝟏𝟔 𝐭𝐨 𝟐𝟎𝟐𝟐). 𝐒𝐭𝐚𝐲 𝐭𝐮𝐧𝐞𝐝 𝐟𝐨𝐫 𝐟𝐮𝐭𝐮𝐫𝐞 𝐢𝐬𝐬𝐮𝐞𝐬 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐟𝐢𝐧𝐚𝐥 𝐒𝐭𝐚𝐭𝐞 𝐨𝐟 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐞 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐭𝐨 𝐛𝐞 𝐬𝐡𝐚𝐫𝐞𝐝 𝐬𝐨𝐨𝐧! 👉 See all issues: https://lnkd.in/eY8Ge5VP AFD - Agence Française de Développement Luxembourg Microfinance and Development Fund BIO Belgian Investment Company for Developing Countries FMO - Dutch entrepreneurial development bank European Investment Bank (EIB) Direction du développement et de la coopération Tipping Point Fund on Impact Investing #SocialPerformance #Environment #ResponsibleFinance #InclusiveFinance #ImpactInvesting