The concept of ESG-aware invest- ing is now well understood, although it is delivered in varying forms. The investment industry is now taking this one step further and embracing impact investing, an approach that is well established in the world of philanthropy, family offices, non- governmental organisations and social enterprises, but is less well understood in the mainstream.
Existing social investors understand this concept well, but they also operate in a world in which social returns generally rank higher in importance than financial ones. So, how readily can the philosophy of impact investing be applied more broadly?
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