The impact investing industry may still be somewhat niche. But with more than $1 trillion in assets now under management, it has the potential to make a difference when it comes to funding companies and projects that address global challenges from climate change to poverty.
That $1 trillion threshold is a major milestone for the industry, which is focused on investing with specific, measurable impact targets in mind, and it's the result of growth in recent years. More than 3,300 organizations manage those impact investments, according to the Global Impact Investing Network’s estimates in its latest report on market size.
There is “undeniable momentum” in the industry as demand for impact investments grows and more groups — including pension funds, insurance companies, and mainstream asset owners — get involved, GIIN CEO Amit Bouri said at a press briefing at the GIIN investor forum in The Hague in October.