Impact at Scale: Policy Innovation for Institutional Investment with Social and Environmental Benefit, a collaboration between InSight at Pacific Community Ventures and the Initiative for Responsible Investment at Harvard University and funded by The Rockefeller Foundation, examines the practices of the largest U.S. investors in investing for both financial return and positive social and environmental impact.
It also explores the extensive role of public policy in shaping how institutional investors channel capital. The research reveals numerous government strategies that catalyze private investment for public good, including laws in 20 states that allow or encourage “economically targeted investments” where a public pension system invests in its home state to support local economic growth while also targeting a financial return to the fund.