The Week in Impact Investing: Action
The team at
TGIF, Agents of Impact!
Game stoppers. It was hard to turn away from the Reddit revolt by small traders, who outmaneuvered Wall Street hedge funds to wreak havoc in the stock markets. The action this week in markets for carbon credits
(see Agent of Impact, below), clean technologies
(No. 5), climate adaptation (
(No. 2) may be more consequential. President Biden’s executive orders on green jobs (
No. 4), health care and racial justice could have filled The Brief. Public pressure on
BlackRock helped spur
(No. 1).
General Motors swore off internal combustion engines (by 2035). Net-zero business models. Sustainable and inclusive investment theses. Tools to measure impact and promote accountability
Impact investment fund responds to COVID crisis with relief
By Mark Crosswell, managing director, the GoATL Fund, Community Foundation for Greater Atlanta
In 2018, Community Foundation for Greater Atlanta launched the GoATL Fund, the first social impact investment fund in the Southeast. The Fund provides flexible, low-cost debt to nonprofits and social enterprises that are making an impact in areas including affordable housing, education and small business development. To date, the Fund has supported the development of over 400 units of affordable housing, 80 early childhood education slots, over 300 K-12 slots and small business growth that has created over 120 jobs.
After investing over $8 million in our first two years, we entered 2020 with momentum at our backs and ambitious plans for the New Year. Then a new reality hit with COVID-19. As many were forced to do, the GoATL team quickly shifted focus to assessing the economic fallout and devising urgent relief efforts. It soon b