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If you find yourself using the terms ESG and impactinvesting interchangeably, you’re not alone. This group would go on to found the Global ImpactInvesting Network (GIIN) , the leading network of practitioners promoting the infrastructure, research, and education around impactinvesting.
Marc Uy is a Vice President and Portfolio Manager for AB's Municipal Impact products. He joined the firm in 2004 as a member of the Trading and Technical Team. In 2011, Uy was promoted to associate portfolio manager and implemented investment strategies and monitored risk exposures across AB's municipal platform.
In recent years, impactinvesting has become mainstream and private equity (PE) firms are playing a key role. Despite being dismissed by some as “woke capitalism”, impactinvesting is a trend that is here to stay. PE firms have helped to grow the popularity of impactinvesting.
Narina Mnatsakanian has been appointed in the newly created role of Head of ImpactInvesting at UBS Asset Management. In her new role, Mnatsakanian will be responsible for expanding the firm’s impactinvesting offering, research and impact measurement capabilities.
In the impactinvesting space, the Global ImpactInvesting Network’s IRIS+ offers a standardised impact measurement system that has been widely adopted across the industry.
In the social enterprise and impactinvestment space, reliance on the “individual as consumer” frame can perhaps be traced back to C.K. Prahalad’s influential 2004 re-framing of the poor as consumers in The Fortune at the Bottom of the Pyramid.
As evidence, he points to its Sustainable Food Lab, established in 2004, to work collaboratively with farmers, suppliers, NGOs, governments and other allies “to address issues including farmer poverty, soil health and climate change”.
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