A decade ago, the entry of impact investing marked a change in the landscape of socially responsible investments; whereas investors had previously focused on minimizing harm, many investors and entrepreneurs now sought to leverage the power of capital to “generate a measurable, beneficial social or environmental impact alongside a financial return.”

The Great Recession got a lot of people questioning the thinking where you make as much money as you can, and then give it away to solve problems through philanthropy. You could be doing a lot of harm amassing profit on the one side, and then just undoing it with the philanthropy. People started to see that there’s a better way, where you can make money and have a positive social impact at the same time.

Read the full article by Jorge P. Newbery at Huffington Post