Book Club

The Chair read for you Impact Investing: Transforming How We Make Money While Making a Difference by Antony Bugg–Levine and Jed Emerson

Published on 17 May 2023

Impact Investing: Transforming How We Make Money While Making a Difference [1] by Antony Bugg-Levine is a thought-provoking book that offers a comprehensive overview of the impact investing landscape. The author provides a clear and concise explanation of what impact investing is and its potential to drive both financial returns and positive social and environmental outcomes.

Bugg-Levine starts by defining impact investing and explaining why it is important in today’s world. He highlights the challenges faced by traditional investors and how impact investing can address these challenges. The author provides a thorough examination of the various tools and strategies that impact investors can use to achieve their goals, including venture capital, private equity, and debt financing. He also explores the various challenges that impact investors face, such as measuring impact, understanding the risks involved, and balancing financial returns with social impact. The author also explores the challenges that impact investors face in terms of measuring the impact of their investments. He explains the various methods that are used to measure impact and the limitations of each method. He also discusses the importance of transparency and the need for standardized reporting in the impact investing industry. This helps to build trust and credibility with investors and to ensure that the impact of investments is accurately and fairly reported. Bugg-Levine concludes the book by discussing the future of impact investing and the opportunities and challenges that lie ahead. He highlights the growing demand for impact investing, driven by increasing public awareness of social and environmental issues, and the need for investment capital to address these challenges. He also discusses the potential for impact investing to scale and to have a greater impact on society as a whole.

One of the strengths of this book is the author’s use of case studies and practical examples to illustrate his points. He provides detailed case studies of successful impact investing initiatives and shows how they were able to achieve their goals while delivering financial returns. These case studies provide real-world examples of how impact investing can work in practice and help to dispel some of the myths that exist about impact investing. One potential criticism of the book could be that it focuses primarily on the financial aspect of impact investing, and it does not explore the wider social, political, and environmental factors that can influence impact investing. However, the author does address the need for transparency and standardized reporting in the impact investing industry, which is important for building trust and credibility with investors.

In conclusion, « Impact Investing: Transforming How We Make Money While Making a Difference » is a valuable resource for anyone interested in impact investing, and it provides a comprehensive overview of the key concepts and strategies involved. The author’s clear and concise writing style makes the book accessible and easy to understand, and it provides a valuable resource for anyone looking to understand the potential of impact investing to make a positive impact while generating financial returns.

Yujun Huang, PhD student, Sustainable Finance, helps or harms? The reconciling and integrating effects of ESG and CSR in the asset management.

[1] Bugg-Levine, A., & Emerson, J. (2011). Impact investing: Transforming how we make money while making a difference. John Wiley & Sons.