Home
Focus Areas
About Us
"It's leading to cynicism," says Terrence Keeley. That's the gist of his new book, Sustainable: Moving Beyond ESG to Impact Investing, in which the former BlackRock executive calls for institutional investors, including pension funds, endowments, and foundations, to move away from what he calls the "ESG industrial complex" and toward direct impact investing.
Instead, Keeley says, investors should focus on waste reduction, affordable housing, health care, renewable energy, and education, the Wall Street Journal reports.
"The understanding people have when they buy an ESG product is that it will perform at or in excess of the market, while simultaneously doing some kind of good," Keeeley says.
"And to the extent you want to have a positive impact on the environment, that means investing, not divesting."
ESG, he says, is "not living up to its promise."
For example, MSCI's ESG indexes have underperformed the broader indexes over the past five years, he says, and those funds invest only in companies in accordance with the Paris 2050 objective, like Amazon or Google.
"These are all genuine concerns," Keeeley says, "but the way we're going about it, combining those and building alpha-based products is senseless."
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: Jim Joseph Foundation
The Jewish Emergent Network is a loose affiliation of seven Jewish organizations.The network passed on its core initiatives to the Jewish Social Justice Roundtable and Atra.Many of the rabbis who...more
Elise May, a former HEARTS Board Member, is an independentTeaching Artist/Arts Administrator, educator, actor, singer, and writer.She works with actors, school districts, libraries, and ...more
Environmental science majors study the science behind environmental challenges like climate change, pollution, and habitat destruction.An urban studies major focuses on the design and management of...more
Emporia Area Chamber of Commerce and Ignite Emporia embody these values through a proactive approach to creating an environment for business and community success.81% of adults consider their local...more
The Creative Capital Foundation selected 55 artists and collectives for its annual grant award from a pool of over 5,600 applicants.Each grant provides $50,000 of unrestricted project funding...more
Kindle Farm School is a therapeutic day school serving 50 students in grades 3-12.One hundred percent of Kindle Farm's student body is comprised of students who qualify for special education within...more
Creative Sonoma's leadership benefits schools and artists in the county.A grant program provides funding for school districts to create strategic arts plans.The Emerging Artists Incubator at the...more
The impact of philanthropy in London: A legacy of giving | London Daily News.From historical figures to modern-day benefactors, philanthropy has played a crucial role in addressing social challenges...more
Innovative ideas from Plymouth County youth earn $2,500 grant for community improvement.The project is designed to provide youth with opportunities to learn about community development and how their...more
The foundation supports local nonprofits, schools and community groups in the areas of community development, environment, education, aging in place, business development, arts and culture and youth...more
Community Building News from...
Wells Fargo Foundation
New Hampshire Charitable Foundation
Community Foundation of Southeast Kansas
Dallas Foundation
Oak Park-River Forest Community Foundation
Greater Washington Community Foundation
Rhode Island Foundation
Community Foundation for Greater Atlanta
California Community Foundation
Arizona Community Foundation
Social Entrepreneurship
Spotlight
Together TV, the Channel that Helps You Channel Your Inner Good
Caroline Diehl is a serial social entrepreneur in the impact media space. She is Executive Chair and Founder of the UK’s only charitable and co-operatively owned national broadcast television channel Together TV, the leading broadcaster for social change runs a national TV channel in the UK and digital platform which helps people find inspiration to do good in their lives and communities.
