Selected Readings
August 2009 - Could Better Measurement of Social and Environmental Outcomes Entice More Institutional Investment Capital into Underserved Communities? - Federal Reserve Bank of San Francisco
Increasing Access to Capital: Could Better Measurement of Social and Environmental Outcomes Entice More Institutional Investment Capital into Underserved Communities? Lisa A. Hagerman, Director, More for Mission Campaign and Janneke Ratcliffe, University of North Carolina at Chapel Hill, Center for Community Capital
This article argues that investments attract capital when reliable measurement standards can be applied across different investments. We also argue that incorporating nonfinancial standards in the investment decision process (while still prioritizing financial return) can lead not only to better social outcomes, but also to better financial returns. Instead of being viewed as a tradeoff, there could be a reinforcing effect.
This article appeared in the August 2009 Community Development Investment Review published by the Federal Reserve Bank of San Francisco