Giving Compass' Take:

• Ben Paynter reports that while impact investing has grown impressively, it is not sufficient to create the radical change required to achieve the SDGs. 

• How can funders work to grow the field of impact investing? 

• Learn more about impact investing at the Giving Compass magazine. 

Between mid-2017 and mid-2018, the value of the impact investing market roughly doubled to $228 billion in assets under management, according to a survey from the Global Impact Investing Network, a nonprofit that works to increase the scale and effectiveness of financial bets with social and environmental returns. But that’s still a drop in the bucket of what’s needed to make real-world change.

The United Nations projects it will take $5 trillion to $7 trillion to reach the world’s Sustainable Development Goals, which aim to eliminate many worldwide inequalities by 2030. “If we are going to have the impact that the world needs on issues like inequality and climate change, we also have to think about how we continue to grow this market and accelerate progress,” says Amit Bouri, the CEO and cofounder of GIIN.

To do so, GIIN has released a new report called “Financing the Sustainable Development Goals: Impact Investing In Action.” It serves as an inspirational blueprint, tracing the success of several investment firms that have pioneered new and lucrative ways to make impactful financial bets.

Read the full article about impact investing growth by Ben Paynter at FastCompany.