The US State Department Endorses Impact Investing at the UN General Assembly

At the 71st Session of the UN General Assembly recently, the subject of “impact investing” was discussed at a confab hosted by New America and Concordia. (It was livestreamed here.) The U.S. State Department and Bretton Woods II introduced the Trillion Dollar Challenge, intended to help achieve the UN’s 17 Sustainable Development Goals by 2030.

Specifically, they are calling on the world’s largest asset owners, such as pension funds, sovereign wealth funds, and endowments, to invest some of the $25 trillion they manage in ways that mitigate global risk and reduce volatility, that promote development and good governance, and in the process save the planet and humanity. U.S. embassies are willing and ready to offer investors suggestions of tax and regulatory incentives with host governments.

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