Posted on 5th June 2008
A new report examining how charitable foundations and philanthropic organisations can use a proportion of their endowment in support of their goals via Mission Connected Investment (MCI) has been published by the new economics foundation (NEF).
Launched at the European Foundation Centre (EFC) annual conference, Mission Possible: emerging opportunities for mission connected investment reveals a foundation sector in the UK and across Europe that is still finding its feet with all forms of ethical investment.
According to NEF, MCI represents an important new tool alongside existing approaches to ethical investing, but one that is not yet being exploited. It defines MCI as investment which promises a market return and helps to achieve the investor’s social, environmental or ethical mission.
The report includes an inventory of more than forty potential mission investments in fifteen asset classes, which point the way for those wishing to develop an MCI element in their investment portfolios.
It also outlines a series of recommendations that will enable the sector to develop and for foundations to harness the potential of their own endowments.
The full report is freely available to download from nef's website.
