Making Impact Investing More Than Just Well-meaning Capital

This article contends that impact investing is progressively losing focus on genuinely making a difference, suggesting that market growth may not translate to real social and environmental change. The authors propose three ways to re-center "impact" in impact investment. They discuss critical concepts such as additionality, impact-washing, and intentionality, advocating for clearer strategies to ensure investments deliver authentic and measurable social and environmental outcomes beyond mere financial returns.