$1.5 Billion Impact Investment Commitments Announced at White House Gathering
By Americas Charities on June 30, 2014
By Alan Cole
A White House meeting sees major investment pledges from organizations keen to help grow the global impact economy.
The meeting on June 25 involved a commitment from Prudential Financial, the global financial firm announcing a pledge to build a $1 billion impact investment portfolio by 2020...
Prudential made the announcement at the White House during a meeting of the US Advisory Board of the G7’s Social Impact Investing Taskforce, which presented its recommendations on how policymakers can encourage more impact investments...
The pledge promises investments to companies, projects, funds that are creating positive social change and can help individuals and communities achieve economic success...
Lata Reddy, Corporate Social Responsibility VP at Prudential says impact investing enables the company: “to make a deeper and more sustainable commitment in a way that has enduring impact...”
“These investments are part of our broader strategy to eliminate the barriers that prevent individuals and communities from achieving financial and social mobility...”