16 Oct Heron Bond Portfolio Retrospective
Posted at 14:51h in Climate Change, Community Development, Double Bottom Line, ESG, Impact Investing, Measuring Social Outcomes, Triple Bottom Line
As the Heron Foundation’s first impact bond portfolio manager, they asked me to do a look back at what impact investing looked like 15 years after the portfolio’s creation. The first report posted at Heron.org examined a taxable municipal bond that financed the construction and development of a wind turbine manufacturing plant in Jonesboro, Arkansas.
Subsequent reports will includes success and failures across the market-rate, investment-grade public debt market. Impact themes include job training, small business development, affordable housing, and large scale manufacturing.