Artikel
Impact investments: a call for (re)orientation
Practitioners and academics have been using different terms to describe investments in the sustainability context. The latest inflationary term is impact investments—investments that focus on real-world changes in terms of solving social challenges and/or mitigating ecological degradation. At the core of this definition is an emphasis on transformational changes. However, the term impact investment is often used interchangeably for any investment that incorporates environmental, social, and governance (ESG) aspects. In the latter instance, achieving transformational change is not the main purpose of such investments, which therefore carries the risk of impact washing (akin to "green washing"). To offer (re-)orientation from an academic perspective, we derive a new typology of sustainable investments. This typology delivers a precise definition of what impact investments are and what they should cover. As one central contribution, we propose distinguishing between impact-aligned investments and impact-generating investments. Based on these insights, we hope to lay the foundation for future research and debates in the field of impact investing by practitioners, policymakers, and academics alike.
- Language
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Englisch
- Bibliographic citation
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Journal: SN Business & Economics ; ISSN: 2662-9399 ; Volume: 1 ; Year: 2021 ; Issue: 2 ; Cham: Springer International Publishing
- Classification
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Wirtschaft
- Subject
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Financial markets
Sustainable investments
Impact generation
ESG aspects
Impact investing
- Event
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Geistige Schöpfung
- (who)
-
Busch, Timo
Bruce-Clark, Peter
Derwall, Jeroen
Eccles, Robert
Hebb, Tessa
Hoepner, Andreas
Klein, Christian
Krueger, Philipp
Paetzold, Falko
Scholtens, Bert
Weber, Olaf
- Event
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Veröffentlichung
- (who)
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Springer International Publishing
- (where)
-
Cham
- (when)
-
2021
- DOI
-
doi:10.1007/s43546-020-00033-6
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Busch, Timo
- Bruce-Clark, Peter
- Derwall, Jeroen
- Eccles, Robert
- Hebb, Tessa
- Hoepner, Andreas
- Klein, Christian
- Krueger, Philipp
- Paetzold, Falko
- Scholtens, Bert
- Weber, Olaf
- Springer International Publishing
Time of origin
- 2021
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