Business School

Impact Investing: Transforming How We Make Money While Making a Difference

November 10, 2011

About Impact Investing: Transforming How We Make Money While Making a Difference

This groundbreaking book charts the path of a new industry, explaining how impact investing is and can be a positive disruptive force. Impact Investing affirms that it is possible and desirable to address social and environmental problems with investments that generate financial profits. Antony Bugg-Levine and Jed Emerson reveal how impact investing is a transformational vehicle for delivering blended value throughout the investment spectrum. The authors give a name to a set of activities previously siloed in enclaves and reveal how these activities are linked within what is becoming a new and dynamic field. Ultimately, Impact Investing offers a fundamentally optimistic vision about what can be achieved when all our assets work in unison with our values and beliefs. (Jossey-Bass 2011)

About Antony Bugg-Levine

Antony Bugg-Levine assumes the role of chief executive officer of the Nonprofit Finance Fund on October 24. He is widely recognized as a leading figure in the emergence of the global impact investing industry. As a Managing Director at the Rockefeller Foundation, Mr. Bugg-Levine designed and led the Foundation’s initiative, Harnessing the Power of Impact Investing, and oversaw its program-related investment portfolio. He is the founding board chair of the Global Impact Investing Network, and convened the 2007 meeting that coined the phrase impact investing. Previously, Mr. Bugg-Levine was the Country Director for Kenya and Uganda for TechnoServe, a nongovernmental organization that develops and implements business solutions to rural poverty.

About Jed Emerson

Jed Emerson is Executive Vice-President for Strategic Development with ImpactAssets, a nonprofit financial services firm offering information on impact investing to interested asset owners and creating impact investing products to the asset owner/impact fund market. He is a Senior Fellow with the Center for Social Investing at Heidelberg University (Germany); and Senior Advisor to The Sterling Group (a multi-family office based in Hong Kong pursuing a sustainable/impact investing strategy for its clients). He was a founding board member of Pacific Community Ventures, founding director of REDF and been affiliated with various leading investment firms, such as Generation Investment Management (London). Mr. Emerson is also an adjunct professor with NYU-Abu Dhabi, in addition to having held faculty appointments at Harvard, Stanford and Oxford Business schools. He is internationally recognized as a thought leader, having originated the concept of Blended Value and produced numerous articles on investing capital and managing firms for multiple returns. Mr. Emerson has presented his work at the World Economic Forum, CGI and other events around the world. His various papers/research may be found at