D.Light Design, a private company based in San Francisco, manufactures inexpensive solar-powered lamps and sells them cheaply around the world. It is safe, reliable, and renewable energy available for about the same cost as a few candles.
This is a perfect example of an impact investment: the company is turning a profit while meeting a social need in an environmentally-sustainable way. And with support from firms like BlackRock, Merrill Lynch, and Bain, impact investing is no longer a fringe movement. Yet it also sits on the cusp of mainstream wealth management, because we haven't done a good enough job of demonstrating impact...Better tools exist-if we would use them, impact investing could, well, make more of an impact." Read more of this op-ed on Quartz, and check out key findings from MMI's recent report on impact investing.
William Burckart is the Founder and CEO of Burckart Consulting an impact investing analytics and strategy advisory firm. He serves on the Global Advisory Council of Cornerstone Capital Group and is a visiting scholar at the Federal Reserve Bank of San Francisco.