impact investment
Impact investment is the magic trick of simultaneously tickling investors’ wallets and consciences under the grand banner of saving the planet and future. It purports to deploy capital to rescue the world but often ends up as the marketing department’s holy grail. It preaches the twin dogmas of “returns” and “goodwill,” yet returns always come first. Social impact is frequently adorned in PowerPoint slides while in reality it lurks as a footnote beside profit calculations. Investors watching their portfolio companies look more like profit seekers than philanthropists.