Weekly Impact Investment Market Update: November 9, 2018

Impact Investing & ESG
 

Impact Investing: A Multitrillion-Dollar Market in the Making
Impact investing has been gaining traction over the last decade, as investors, consumers, and—to an extent—policymakers come to recognize that new ideas are needed in order to address some of the largest societal and environmental challenges facing humankind.

New Standards Give Investors Uniform Data on ESG Criteria
A foolish consistency is the hobgoblin of little minds, but the big thinkers of sustainable investing have long argued for what they say is much-needed consistency in defining what exactly sustainable means. Now, the Sustainability Accounting Standards Board has unveiled its first set of industry-specific accounting standards, outlining which issues are financially material for 77 industries.

Gender and Ethnic Diversity Make Impact Investing Profitable
Companies with strong ethnic diversity are even better impact investments than gender diverse ones.

Mainstreaming Sustainability: What Banks and Business Schools Should do Next
As institutional investor demand for ESG products mounts due to robust ESG performance and stakeholder pressure to address global challenges, banks and business schools alike should offer mandatory sustainable investing training to meet the demand for financial services professionals who understand sustainability.

Impact Investing Versus ESG Investing – Aren’t They the Same Thing?
The difference between impact investing and ESG investing remains a mystery to many investors, but the broader trend towards investing sustainably is gaining ground

Asia’s Slowly Tightening ESG Embrace
Trailblazing asset owners are aiding cautious investors by adopting environmental, social and governance measures, as a special report researched by AsianInvestor reveals.

The Importance of Impact Measurement
Nearly three decades since the launch of the earliest Socially Responsible funds, the impact investment industry has grown tremendously. Estimates indicate that the market could reach hundreds of billions in assets under management over the next decade. Yet, as it grows, the industry continues to grapple with the challenge of impact reporting.

 

United States & Europe
 

Fed Leaves Rates Unchanged, Says U.S. Economy Strong
The U.S. Federal Reserve held interest rates steady on Thursday but remained on track to keep gradually tightening borrowing costs, as it pointed to a healthy economy that was marred only by a dip in the growth of business investment.

IMF Lowers Economic Growth Projection for Europe
The International Monetary Fund has lowered its forecast for economic growth in Europe for 2018 and 2019, but said the region was still growing above its potential.

 

Developing Economies
 

Investors’ Bright Future in Africa
For decades, risk, or at least the perception of it, has been a major impediment to Africa’s efforts to attract foreign investment. But rapid economic growth and a much-improved business environment are changing how investors view the continent.

IMF Says Pick-Up in the Non-Oil Sector Will Boost Nigeria’s Economic Growth to 1.9% in 2018
IMF explains that the growth momentum in Nigeria will see an average rise in sub-Saharan Africa economy from 2.7% in 2017 to 3.1% in 2018.

Buhari Approves $98 as Nigeria’s New Monthly Minimum Wage
Nigerian President Muhammadu Buhari on Tuesday signed an agreement with organized labour raising the minimum wage in Africa’s most populous nation.

Argentina to Extend Currency Band in 2019, Likely Adjust Less
Argentina’s central bank will extend the use of a currency trading band into next year and will likely manage peso fluctuations less than at present, a sign the country’s IMF-backed monetary policy is bearing fruit as the end of a harrowing year draws near.