IAIA defines impact assessment as, simply, "the process of identifying future consequences of current or proposed action." Association looks forward to "pay the state of the art and science of impact assessment in applications ranging from local to global development and international capacity to anticipate and local planning and management implications of the development to improve the quality of life for all." [2]
Impact assessment in order to influence investment
That's right, IA is accurate, fact-and science-based, the search process non-partisan that assess the effects of a potential, both desired and unintended, and thus provides an analysis tool for investment impact, the New York Times, Paul Sullivan calls "hybrid emerging in philanthropy and shares own. " [3]
Investment is more effective than the impact of socially responsible investing (SRI). While the investor SRI motivated simply avoid supporting industries and companies that are anathema to the philosophies of essence - the advocates of animal welfare may avoid investment in the meat industry, for example - the investor impact is actively seeking to financial returns for investments that are dealing with many of the solutions to the problems of the world the most urgent. Thus, it was found funds to support projects such as the impact of microfinance programs to help poor people become independent business owners or techniques that help to provide vaccines against poverty-stricken areas.
Much more involved investor, the impact on topical issues and how sustainable financing can be an essential part of the solution. This participation requires more time to look at the issues and challenges and the various companies that pay for projects, industries and technologies that are being made or have the ability to bring about positive change.
Growing pains now, but a big future
In an interview last month with the Minister of global affairs, the founder of Forbes.com comment Rahim Kanani, Ron. D admitted. Cordes, and Co-Chair of the Department of Genworth financial wealth, which lists $ 22 billion in assets under management (AUM), and deficiencies in the sector's fledgling investment effect, admitting that "it was a difficult process to select investment managers and funds focused on the impact and evaluated in terms of its ability to provide the fact that effect "[4]
In 2006, after the sale of investment services AssetMark, the company that he co-founded, for Genworth Financial, he and his wife Marty Cordes Foundation, which provides grants to encourage international investment and the impact of social projects. Advised of the donors said that his approach to the impact of investment in the foundation of his family led to the establishment of a fund ImpactAssets tender, and the Fund (DAF) incubated by the Calvert, which manages $ 60 million AUM with the target U.S. $ 1 billion, and is only the DAF, which is, as said Cordes "which is designed specifically to embrace the impact of investment." The fund invests in fair trade, sustainable timber, and the financing of small projects and renewable energy in the developing world.
IMPACT Investment: Where emotions MEET Bags
"Like any new investment category, and will take a long time for investors and advisors who serve them to embrace this new opportunity," said Cordes. "But I am absolutely confident that the great wave of powerful interests is from individuals and family businesses who have become increasingly aware of how they can call them" emotions with their portfolios. "[5]
According to the expectations of many, his confidence is justified. While current investments in the market impact of the stand at about $ 50 billion today, according to a report in 2009 by the Institute for Monitoring the market could expand to U.S. $ 500 billion over the next decade, which would amount to 1 percent of assets under management globally. "Market of this size would create an important complement to the work of the good, and that led to the doubling of a certain amount away in the United States alone today," the report said. [6]
Create tools of the trade IMPACT
"If we're going to really stimulate capital meaningful," Cordes said, "We create tools, vehicles and products to improve communication with investors, investment opportunities effect." And that investors should look for the impact of corporate and investment instruments which have been integrated in the IA planning. "Financing of the system impact assessment should be considered in R & D cost is equivalent to building smart, investment products and organize effectively," wrote Irene Kao on what is possible, the blog of the tides, the online platform for social change. [7]
Association awards provide an excellent tool in research on best practices IA, as they honor the individual, and corporate leaders and institutions in the field of IA and how to approach and help support the principles of sustainable development, social justice, human health and the environment.
These include prizes awarded global environment, due to the individual or organization leader to make a significant contribution to IA Global Award, the initiative of companies, as a private company or public sector for a specific project that has contributed significantly in the exercise of responsible development through the application of IA, and the award of institutional, Given the national organization or international contribution IA outstanding; individual award, an honor in the middle of their careers that recognize the contributions Profile IA at the international level, and the Award regional, given to a person or organization to make a significant contribution in the Iraqi army in the region for the annual conference.
So it will be many eyes on what is happening in the Iraqi army in the region of Porto, Portugal, which is the site of the Association's annual 32 which will be held during the period from 27 May 1 June. Non-members are invited to submit nominations, which is scheduled on Oct. 15.
Reporting of stock market losses in New York this week, and the huge New York Times quoted "the ongoing uncertainty." [8] This is the only thing that the impact of investment - thanks to the responsible use of impact assessment - is trying hard to avoid.
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