Marius Čiuželis on Impact investments & Social entrepreneurshipInvestor / Advisor / Social Entrepreneur
Philanthropy has no built-in systemic forces to motivate continuous improvement. The absence of external accountability is what gives philanthropy its freedom to experiment, take risks, and pursue long-term initiatives on society’s behalf. At the same time, it also means that if you do not demand excellence of yourself no one else will require it of you. Of all the characteristics that distinguish philanthropists, the single most consequential may be the fact that they are essentially accountable to no one but themselves. Sooner or later, businesspeople, politicians, and nonprofit leaders all have to answer for their performance to others: business executives to their stakeholders; politicians to the electorate; nonprofit leaders to their funders. Philanthropists have no such “market” dynamics with which to contend.

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Gabija GrušaitėAuthor of Stasys Šaltoka, Co-Founder of Qoorio & Vieta
Very interesting point. I was thinking that maybe philanthropists would benefit from creating a feedback loop with communities they engage. I know this is quite problematic to achieve, at least in my experience there are so many stakeholders with different opinions that it's hard to hear through the noise. Still that would be a more meaningful way to create a sense of accountability without venturing into market dynamics.
5 months ago

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Marius Čiuželis on Impact investments & Social entrepreneurshipInvestor / Advisor / Social Entrepreneur
What is the Spectrum of Impact Investing Approaches? Given the field’s growth and increased number of actors, the last ten years have also seen a proliferation of definitions and terminology related to impact investing. In fact, strong opinions prevail regarding whether or not the term “impact investing” is the best to capture this field. While some prefer mission-related investing or sustainable/responsible investing, still impact investing is most commonly used. Rather than arguing about the terms, let's discuss three approaches and one overarching strategy to describe impact investor practices. Depending on who you are—and your goals and capacity—you may have the resources and willingness for some but not all of these approaches. See the image of the home as a good metaphor for describing these approaches to managing and being accountable for your assets. Clean Up: This approach reflects the belief that your assets should align with your values, and by holding or divesting specific assets you can increase that alignment and express your values. For example: Clean and remove toxins. Renovate: In this approach, you select assets based on specific investment criteria that define eligible and ineligible investments with the goal of incorporating the positive and negative externalities into your investment decision. For example: Paint your house. Add a Room: By picking a specific theme, you are using your capital to drive the generation of a specific environmental or social impact. For example: Add a new addition to your house. Manage and Measure: This overarching strategy is to continuously measure and manage the positive and negative impact of your assets and respond to new data and events. You will track the emergence of new environmental and social movements, as they become impact investment products. For example: Maintain and repair your roof.
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Marius Čiuželis on Impact investments & Social entrepreneurshipInvestor / Advisor / Social Entrepreneur
Rockefeller Philanthropy Advisors yesterday published its handbook for impact investors, a refresh of a guide they first published ten years ago, a lifetime ago in impact investing. It is a comprehensive (182 pages) guide to the nuts and bolts of impact investing, with some help from a 45-year old avatar investor named Sophia. With so many people now trying to get themselves oriented in investing their money for social and environmental impact, it is excellent to have a fully updated primer for beginners, and a reference book for the more experienced. The Handbook is available (for free) at: https://lnkd.in/dH8qK7U
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Marius Čiuželis on Impact investments & Social entrepreneurshipInvestor / Advisor / Social Entrepreneur
I dont know her personally yet (unfortunately) but the interview is just another source for inspiration and a clear proof social impact investing is an area where you can profit and make sizable returns. https://www.forbes.com/sites/jillgriffin/2020/06/26/how-one-female-investor-breaks-the-rules-and-thrives/amp/
How One Female Investor Breaks The Rules And Thrives
www.forbes.com
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