Johnson's Mark Milstein discusses impact investing with AOL's Daily Finance
In an article about April's International Impact Investing Conference in New York City, Milstein describes the imperative for long-term, sustainable approaches to investment
Excerpt from "Impact investing: A better way to do well by doing good," (AOL's Daily Finance, April 21)
Mark Milstein, director of theCenter for Sustainable Global Enterprise at Cornell's Johnson Graduate School of Management, says the recent financial crisis showed that traditional investment vehicles were fallible, and underscored the importance of the sort of long-term strategies that are central to impact investing. The sector is predicted to grow to $500 billion by 2014, according to the nonprofit Global Impact Investing Network.
"In the bad economy, greenwashing went out the window," Milstein said. "But long-term investments have continued to grow and have value."