In the Pioneers Post, James Perry warns asset owners that the answer to the question “what is the social impact of my capital?” might not be what they want to hear:
To state the obvious, all capital has an impact. It seems perfectly reasonable and natural for us to want to know – as an owner of capital – what the impact of our capital is. Especially now that, on the one hand the resource constraints of our world are becoming ever more evident, and on the other it is becoming ever clearer that some businesses are net contributors to the sum of human distress…
It can be deeply discouraging to embark upon a search for a diversified and asset-allocated asset management solution, that enables the asset owner to take stewardship responsibility for the assets that they own. The orthodoxy is that – so long as it is legal – why would you focus on anything other than maximising your financial returns? In fact, you are – in perception at least – legally obliged to do so.
Other interesting pieces from the world of philanthropy:
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