Report calls for institutional investors to help solve social and environmental issues
A new report is calling for New Zealand institutional investors to allocate around 10 per cent of their portfolios to socially and environmentally postive “impact” investments. Financing the Future, a multi-media report released by green growth promotion group Pure Advantage, cited the huge potential of impact investment to improve environmental and social conditions while generating a return for investors. Simon Millar, executive director of Pure Advantage, said impact investing was possibly the most viable financing strategy for creating a desirable future. “To resolve societal and environmental challenges such as affordable housing, biodiversity loss and climate change, we have three basic options: raise taxes, raise national debt or facilitate more private and community sector investment into social and environmental issues,” Millar said.
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