David Bank is building on the expertise he developed at the Wall Street Journal to create a platform he calls “ImpactAlpha” for reporting on impact investing players and deals.
Explaining his motivation, he says, “Our most pressing challenges – food, water, energy, health care, education, sanitation – also are among the biggest business opportunities of the 21st century.”
“A growing category of investors are looking for such opportunities, seeking outsized returns by helping to solve outsized problems, in the U.S. and around the world,” he adds.
“They are not merely socially responsible, screening out or divesting destructive products or companies from their portfolio. They are not simply philanthropists by another name, trading off financial returns for social or environmental gains. “Finance-first” doesn’t describe them, since they’re doing much more than sprinkling impact dust over conventional investing. Better to call them ‘impact alphas.’ These investors and fund managers are lever…