Other projects have funded schools, low-income housing, community health clinics and small business incubators, all initiatives that rebuild communities plagued by poverty, unemployment, foreclosure and poor educational prospects.
The increasing popularity of SRI, especially among younger investors, means that you can add value by developing an expertise in this market niche. Any of your competitors can offer an SRI fund or ETF, but how many can steer their clients into competitive yielding fixed income alternatives that work towards social stability and economic opportunity? If you’re looking to build your business with sustainable investments, consider the other side of the story: fixed income alternatives such as CDFI loan funds.
Elyse Cherry is the chief executive of Boston Community Capital, a community development finance institution that has invested $1.4 billion in initiatives to build healthy communities.