Socially conscious investing gains currency as investors seek to improve sustainability and benefit the social good while still making money
Originally published on Crain's Forum (February 19, 2021) - BY JUDITH CROWN
Arizona-based Footprint sells biodegradable packaging to food giants such as Conagra.
The young companies are investments of Impact Engine, a Chicago venture-capital and private-equity company that strives to improve sustainability and benefit the social good while generating competitive returns. It's on the leading edge of impact investing, which looks at not just profits but how they are generated. The charge to do better for society is transforming companies and their investors. Call it Capitalism 2.0.
"Companies are being told by investors and customers, 'you better step up,' " says Impact Engine Managing Partner Priya Parrish.
Read the full interview on Chicago Business