Concentric has launched Jersey’s first investment advisory firm focusing on impact and sustainable investment.
The new firm will offer investment manager selection services, incorporating pension solutions based on impact-based and traditional investment strategies.
Impact investment allocates capital to businesses that create measurable, positive social and environmental impacts, moving beyond the Environmental, Social, and Governance (ESG) criteria, which most major global companies already report on.
Impact investing is a growing feature of the investment management landscape, with a global market estimated at $502 billion (USD) by the Global Impact Investing Network.
“Our environment is increasingly under threat from humans and our activities," James Painter who co-founded Concentric with Gordon Bennie, explained. "We are becoming aware that our destructive habits are altering the dynamics of our planet and whilst these problems can at times seem insurmountable, it is possible to make a difference.
“Impact Investment is increasingly attractive to investors who want to use their assets to make a difference to global issues. Concentric helps investors find ways to grow their capital, allowing them to move beyond ESG and negative screening criteria, into investments that really deliver a positive impact on society and the environment.”
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