When the ‘G’ in ‘ESG’ goes wrong
In the context of the malaise which hangs over the global economy Reuben Coulter points out that our investment capital has the power to drive change and standards across industries, culture and communities. He introduces Faith Driven Investor, and the concept of a spectrum from traditional profit-driven investment, through Impact Investing, to Grants. He then outlines three steps to successful Impact Investing: Signalling, Stewardship and Financing. His conclusion is that as investors, philanthropists, governments and corporates we need to act cooperatively rather than competitively if we are to bring about real transformation for the common good and the glory of God.
Click to read the full article (PDF opens in new tab). It was first published in Faith in Business Quarterly, Volume 22.2, pages 16-21.
Reuben Coulter is a Director of International Strategy at Faith Driven Investor. He advises and equips Christian investors and fund managers around the world to live out their values in their investment strategy. He is also a Trustee of Bristol City Funds, a pioneering investment fund in the UK. Prior to this, he was CEO of Transformational Business Network, a global impact investment network, and a Fellow and Associate Director for Africa at the World Economic Forum in Switzerland. He was also the founding CEO of Tearfund Ireland, an international development organisation and Chair of the Irish Humanitarian Committee.