What Is Impact Investing?
Impact investing is making investments to help create beneficial social or environmental effects while also generating financial gains. This investmentsteaegy can involve different types of asset classes, such as stocks, bonds, mutual funds, or microloans. The point of impact investing is to use money and investment capital for positive social results.
Socially Responsible Investing (SRI)
Socially responsible investing (SRI) goes a step further than ESG by actively eliminating or selecting investments according to specific ethical guidelines. For example, SRI investors may avoid investing in companies that are involved in producing or selling alcohol, tobacco, or firearms. The underlying motive could be religion, personal values, or political beliefs. Unlike ESG analysis which shapes valuations, SRI uses ESG factors to apply negative or positive screens on the investment universe. SRI is often considered a type of impact investing. However, SRI may focus more on avoidance of harm, while impact investing also suggests a positive impact via its investments.
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Reference: https://www.investopedia.com/terms/i/impact-investing.asp