Giving Compass’ Take:
• Impact investors need more information in order to best direct their assets. SOCAP is addressing this problem through the Impact Investing Network Map. They are asking you to #ShareYourData for a better impact investing future.
• What barriers to data collection will this, and other, initiatives face? How can partnerships strengthen this map?
• Want to know more about impact investing? The Seattle Foundation explains impact investing basics.
For impact investing to continue its move from niche to mainstream it needs to attract more investors and more capital. This makes the need for transparent and accessible data even more urgent. By creating a tool that puts information directly into the hands of the user and employing open, publically available data, we start to break down some of the barriers to growth.
For many wealth advisors and intermediaries, there is also power in putting information directly in the hands of the decision makers–their clients. Oftentimes, their clients have a clear understanding of the impact they’d like to have, but limited exposure to how that looks within their investment strategy. Or they have insights into a company that aligns with their values but would like to know who else has invested, and how.
We believe that by emphasizing the value of clear and transparent information we can accurately reflect the full scope of the impact investing landscape. We hope the Network Map will begin to do that. But to make that a reality we need accurate, reliable, sharable and standardized data.
That’s why we launched the #ShareYourData campaign. We are asking leaders in the impact investing movement to share their available data so that better mapping of the ecosystem can take place, demonstrating robust activity on the part of investors and entrepreneurs. It is our hope that investors, entrepreneurs, and intermediaries will join us in pushing this movement forward.
Read the full article on #ShareYourData by Rehana Nathoo at Social Capital Markets.
Impact Investing is a complex topic, and others found these selections from the Impact Giving archive from Giving Compass to be good resources.
Are you ready to give?
In addition to learning and connecting with others, taking action is a key step towards becoming an impact giver. If you are interested in giving with impact for Impact Investing take a look at these Giving Funds, Charitable Organizations or Projects.