Recent orders
Investment for Environmental and Social Impact
Investment for Environmental and Social Impact
AbstractCompanies have been making the business investment decisions with the emphasis not just depending on the profitability of investments & projects however also on environmental & the social effects & also impacts of such investment decisions. Initially this paper has been focused on the examples of real companies by discussing few of their investments which have been relevant for this statement. Secondly this paper is focused towards examples of laws or taxes which have been created & research conducted through others for explaining why and how? Then come the impact that this law is having on the decision making process for Chief Financial Officers & financial managers of the companies & impact which this is having directly on the companies.
Table of Contents TOC o “1-3” h z u HYPERLINK l “_Toc306770665″Abstract PAGEREF _Toc306770665 h 2
HYPERLINK l “_Toc306770666″Table of Contents PAGEREF _Toc306770666 h 3
HYPERLINK l “_Toc306770667″Introduction PAGEREF _Toc306770667 h 4
HYPERLINK l “_Toc306770668″Investment Decisions PAGEREF _Toc306770668 h 4
HYPERLINK l “_Toc306770669″Size of the Investing PAGEREF _Toc306770669 h 5
HYPERLINK l “_Toc306770670″Investing have to do with it PAGEREF _Toc306770670 h 5
HYPERLINK l “_Toc306770671″Social investing PAGEREF _Toc306770671 h 5
HYPERLINK l “_Toc306770672″Philanthropy Non-profits PAGEREF _Toc306770672 h 6
HYPERLINK l “_Toc306770673″Bottom of a Pyramid PAGEREF _Toc306770673 h 6
HYPERLINK l “_Toc306770674″Private sector Activity in poor Countries PAGEREF _Toc306770674 h 6
HYPERLINK l “_Toc306770675″Corporations PAGEREF _Toc306770675 h 6
HYPERLINK l “_Toc306770676″Inclusive Business PAGEREF _Toc306770676 h 7
HYPERLINK l “_Toc306770677″Examples of Real companies PAGEREF _Toc306770677 h 7
HYPERLINK l “_Toc306770678″Intellecap PAGEREF _Toc306770678 h 7
HYPERLINK l “_Toc306770679″Investing for Good PAGEREF _Toc306770679 h 7
HYPERLINK l “_Toc306770680″Laws or taxes PAGEREF _Toc306770680 h 8
HYPERLINK l “_Toc306770681″For whom is Impact investing important? PAGEREF _Toc306770681 h 8
HYPERLINK l “_Toc306770682″Conclusion PAGEREF _Toc306770682 h 9
HYPERLINK l “_Toc306770683″References PAGEREF _Toc306770683 h 10
IntroductionThousands of people & institutions in this globe believe that this era requires a newer kind of investing. They had been already experimenting with that & most of those have been continuing even in midst of the financial & the credit crisis. That has been why an idea about using the profit seeking investments for generating the social & the environmental good has been moving from the periphery of activist investors to core of the main-stream financial institutions.
Nobody may know how much money could be invested or has been seeking the investment which mat generates both the social & the environmental values and also the financial return. However the best guess has been that total size of a market might be as big as the $500 billion within the coming 10 years.
Investment DecisionsInvestors are willing to move beyond the socially responsible investment that is focuses on avoiding the investments in the harmful companies or encouraging the improved corporate practices which are being related to environment, the social performance or the governance. Rather it actively seeks to place the capital in the businesses & funds which may provide the solutions at the scale which surely philanthropic interventions often may not reach. Such a capital could be in the range of forms which includes the equity, the debt, the working capital lines of the credit & the loan guarantees. For Example last 10 years consist of a lot of microfinance, the community development finance & also the clean technology investments (Tinto, 2000). What has been much interesting these days is that it has not being identifying such a new promise. Rather, we may argue that such a moment has been the messy transition and is made messier by the financial crisis in the year 2008 and in the evolution of activity which has been old since many decades. How such a transition has traversed, & how faster, it may determine scale & total impact that such a newer domain of investing may & will have.
The focus on impact investing has not been a way diminution of crucial role of the philanthropy or the view which impact investing may & should be vastly supplant that. Such times remind us how it has been easy for us to slide in the market triumphalism, where we may lapse into sloppy thinking which the investment & the market mechanisms are having solutions to our problems. But magnitude & nature of problems which humanity faces needs harnessing of the add-on investment capital.
Size of the InvestingAs this has been a new style of investing and is diverse & in initial stage of the development, there has been no way for telling how big this really is. However higher level of the activity & innovation in particular segments & geographies where data has been present suggest that industry is poised of growth. Actively placing the capital in a business’s & funds which generate the social & the environmental good & minimum return nominal principal to investor.
Investing have to do with itSocial investingThis term is having many uses however this usually refers towards investing which considers the social & the environmental issue. Social investing consists of the investments made with an intention of having the positive impact, the investments which exclude the harmful activities. Impact investing has been the subset of a social investing as it refers to social investing which actively seeks for having the positive impact.
Philanthropy Non-profitsThis has been traditionally concerned on the gifts made through the individuals & the organizations for benefiting the society & environment. Impact investing with the need of just return of a principal has been distinct from the grant making activities. However the Impact investing may be the important vehicle to the philanthropists for realizing its objectives. Same way non-profit organizations may act both as the impact investors & also as the recipients of the impact investments for enhancing its impact.
Bottom of a PyramidBottom of a Pyramid has been referred to the broader set of business activity which has been focused on four billion people that living on less than $2 per day. Impact investing usually overlaps with few Bottoms of Pyramid activities to an extent which involves investments with intention of the social or the environmental impact for the less income communities.
Private sector Activity in poor CountriesIncreasing the private sector activity usually creates the economic value however this has been done with lot of intentions. Impact investing just includes such investments which are made with explicit intentions of having the positive social and the environmental impact.
CorporationsVarious terms have been emerged which articulate role of the corporations while addressing the social & the environmental problems (Twose, 2003). Impact investing consists of those activities which are focused on deployment of the capital with an intention of having the positive social and the environmental impact.
Inclusive BusinessInclusive business is a sustainable business opportunities which have been profitable & benefits the lesser income communities. Such companies could also be considered as the social purpose businesses or the social enterprises.
Examples of Real companies
Intellecap
Founders of the Intellecap have been harness the interest in a market based solutions towards social problems & combining rigor of investors with a passion of the social entrepreneurs. Intellecap was founded in the year 2002 as the pioneering social investment banks for bridging in gap between the capital & the social businesses. Intellecap’s start up capital outlay had been only $2,500 & has been focused to support growth & the intermediation of the investment in the microfinance.
Investing for Good
Investing for Good had been founded by those individuals, who are being working in financial services sectors, came of believing the poverty, the destitution & also the environmental damage which are not inherently a problem. However they have been the symptoms of a capital markets which disregard the long term down-stream consequence. It has been inspired through newer breed of the entrepreneurial organizations which directly tackle world’s pressing problems however realized that the financial advisors, the financial intermediaries & the asset managers lack capacity for advising properly on deals in impact investing space. They have developed the business for providing the investment advice & market information.
Laws or taxes
Government policy & the tax incentives have also played the important role while driving the supply of capital for the investment. Increase in capital gains tax in the year 1969 restricted inflow of the funding in the private equities in the year 1970. However in the year 1978, federal government has changed Employee’s Retirement Income Security Act, thus enabling the pension fund to invest in the venture fund & then increasing a supply of the capital available.
For whom is Impact investing important?Impact Investors may be found in all the segments of investing public. On private side it ranges from the Limited Partnerships with small start up investment amount to dedicated High Net worth Individual & the philanthropic organizations for those whom social & the ecological improvements are having the particular goals. Institutional Impact Investor consists of everybody from the large financial institution & also the private equity fund to the insurance companies & the pension funds.
Growing global cadre leaders such as the Chief Financial Officer & the financial managers which have been committing them & their institutions towards a new style about the investing are having single belief in common and that is that they have insisted few levels of the financial return & the social or the environmental impact may have been achieved together.
Growing group of the investors in this world has been seeking to make the investments which generate the social & the environmental value and also the financial return. Such an upcoming industry of the impact investing is having potential of becoming the potent force to address the global challenges. Investing for impact may have the powerful new role in this world.
ConclusionThis report has been prepared as the guide for innovative leaders which may accelerate progress of the impact investing and the investors, the advisors to investors, the entrepreneurs, the philanthropists. Present state & shape of industry is at the crucial moment in their development. Therefore we may locate our self in present landscape, which reflects on their opportunities & challenges & understood what has catalyzed the rest of the industries at such a phase of evolution. Also how the impact investing may evolve so that we may develop the understanding about what future can hold which includes promise & the tradeoffs of the pursuing various strategies. The approach for accelerating growth & impact of such a style of investing so that we may assess what we may do for seizing business opportunities inherent in that & understand what might be achieved through joining with the others.
ReferencesTinto, R. H. (2000). ma k i n g g o o d bu s i n e s s s e n s e. World Business Council for
Sustainable Development .
Twose, D. P. (2003). Public Policy forCorporate Social Responsibility. WBI SERIES ON
CORPORATE RESPONSIBILITY, ACCOUNTABILITY, AND SUSTAINABLE COMPETITIVENESS .
In Night, Elie Wiesel
Student’s Name
Instructor
Course
Date
In Night, Elie Wiesel
Elie Wiesel’s “Night” is a short tale describing the most painful time in human history (1941-1945). In it, Elie raises questions and tries to answer them while internally focusing on the current tribulations. Among the concerns discussed are God’s way of dealing with humanity, that a group may be dealt with atrociously. In contrast, the other group is represented by criminals who remain immune from retribution. This is expressed in his statement regarding witnesses who want to testify that they have no right to rob future generations of knowledge about the past. Elie claims that to forget the dead is tantamount to re-enacting their execution. Elie’s faith in the preservation of humanity is solid and is founded upon the deep conviction that the universe is a Supreme power. The human heart remains adamant that the principle of perfect science is vital. Also, he stresses the importance of forgiveness considerably as he is opposed to people who forget about the tragic events to emphasize the theme.
Background information
In Night, Elie Wiesel explores how countless religious people were heading to death chambers with hollow faces. He sees the Germans putting the little in nocent children in the gas chambers or sending them to the gallows. The essence of this life on earth and creation was why he took an interest in religious studies and religion. When he reaches the concentration camp, he starts to doubt the presence of God. He also thinks that if such great force existed, God would not allow such occurrences, and he would protect the chosen people. As the internal struggle for the faith continues, he insists that “man is bigger, greater than God.” Indeed, most of the camp’s inmates face the same question of God’s reality. It is evident that every person is questioning the very presence of God, weeping, ‘Where is God? ‘Elie is numb and loses faith in God as he feels he will never believe in God. The theme of faith in God, therefore, also goes along with other thematic ideas like faith.
In night is used in the book as a metaphor for death, the soul’s darkness, and lack of faith. It comes up repeatedly as an image. And when the scene is set during the day, the night may be invoked. Remember all the horrible things that happen at night: Mrs. Schächter has her dreams of flames, hell, and death; Eliezer and his father arrive at Auschwitz and see the smokestacks and stand in line all night long with the scent of death in their noses; the night the soup tastes like corpses; they walk through long nights and, piled on top of each other, smothering each other to death. As Eliezer himself says, “The days were like nights, and the nights left the dregs of their darkness in our hearts” (7.22). The night is also a metaphor for how the soul was immersed in pain and hopelessness.
Elie offers a comprehensive account of the deplorable conditions faced by refugees who have been imprisoned against their will in the Nazi concentration camp. He vividly recalls the babies’ brutal slaughter that Nazi soldiers threw in the gas chambers and mercilessly murdered. He also does not fail to note the paralyzing terror that hit all the detainees during transfer to another concentration camp. His account of the gruesome changes shows that many prisoners have lost their lives. Elie referred to the mass killing of Jews as a barbaric act that he could not rationalize. In his disillusioned condition, Elie resorted to the sarcasm with which he congratulated Hitler for keeping his pledge to rid Germany of vermin, citizens of Jewish descent (Wiesel 80). Elie found reassurance and comfort in the fact that his dad stayed at his side for years of hard work; however, he struggled to understand why God allowed such inhumanity to endure.
“From the depths of the mirror, a corpse was contemplating me.
The look in his eyes as he gazed at me has never left me” (115).
With this picture, Wiesel leaves us at the end of his career, and it is a haunting vision in which Wiesel no longer recognizes the individual before him. By identifying himself as a skeleton, Wiesel also reveals that he is living death; merely being alive does not mean that his soul or humanity has survived. That Wiesel separates himself from this corpse is also a strong way to indicate that his conscience did not know this being before him; whatever had happened in the death camps deprived him of his sense of self.
Conclusion
Elie is against people forgetting the horrific events that occurred. Elie argues that people need to consider unpleasant aspects of the experience to avoid making mistakes in the present and future. Finally, Elie’s last plea is about people preferring nonviolent solutions over violent outbursts that result in the loss of life. The protection of the human race is unwavering and is founded on a strong belief in the presence of the Supreme Power ruling the universe. It should be remembered that books’ content is not focused on technical research; however, it is based on memories of experiences and their cognitive evaluationADDIN CSL_CITATION {“citationItems”:[{“id”:”ITEM-1″,”itemData”:{“author”:[{“dropping-particle”:””,”family”:”Wiesel”,”given”:”Elie”,”non-dropping-particle”:””,”parse-names”:false,”suffix”:””}],”id”:”ITEM-1″,”issued”:{“date-parts”:[[“2012″]]},”number-of-pages”:”1-144″,”title”:”Night – Elie Wiesel – Google Books”,”type”:”book”},”uris”:[“http://www.mendeley.com/documents/?uuid=352c11a1-c035-37ae-8b21-2415a00de7a6″]}],”mendeley”:{“formattedCitation”:”(Wiesel)”,”plainTextFormattedCitation”:”(Wiesel)”,”previouslyFormattedCitation”:”(Wiesel)”},”properties”:{“noteIndex”:0},”schema”:”https://github.com/citation-style-language/schema/raw/master/csl-citation.json”}(Wiesel).
Work Cited
ADDIN Mendeley Bibliography CSL_BIBLIOGRAPHY Wiesel, Elie. Night – Elie Wiesel – Google Books. 2012, https://books.google.co.ke/books/about/Night.html?id=ELbHiPmYSM4C&redir_esc=y.
A Black Family in Early 20th Century America
Name
Institution
Date
Midterm Exam
A Black Family in Early 20th Century America
Cato and Cassandra Williams were both born and grew up in Chicago, they were neighbors and spent most of their childhood together. Both their parents were workers at the Milford plantation in South Carolina, one the largest plantations in the history of America. They were among approximately 670 other slaves that worked for John L. Manning a one-time governor of South Carolina until 1862 when President Abraham Lincoln declared the freedom of all slaves (RODRIGUE, 2017). Just like the majority of slaves, they moved to Chicago an area that was growing fast due to the industrial revolution and there was a huge demand for unskilled labor. These were the first settlers of “Bronzeville” the black neighborhood on the south side of Chicago. Cato and Cassandra were close friends and they grew older, their friendship got more intimate. They courted for three years since Cassandra was 13 and Cato 15. Her parents were so strict and she could only see him in secret. Because of this, they moved away to Joliet 30 miles South West of Chicago when he turned 18 and started their family. Cato was barely 17, but that was common then, many of their friends were married before they reached 18 years of age.
Cato was hardworking he had gathered a little money to start them off at Joliet. He had been eyeing the opportunity to work at Joliet Iron and Steel Works, the second-largest steel company at the time and was producing thousands of tons of iron each day. Cato had always heard about the stone and metal mining that went on in Joliet and always waited for the opportunity to move there, start a new life with the woman he loved. They rented a small room that had outside bathroom facilities shared by many other black people that lived in the building. Cassandra had no kitchen and her sink was outside the building shared by about seven rooms on their floor. That was how it was back then for people at their economic level and ethnicity. The second industrial revolution had transformed the economy and most Americans shifted from farming and moved to the city to work in industries. Urban areas were full of people looking for jobs like Cato was. The competition was getting stiffer and he had to get up and be at the hiring cue at 3 a.m. so that he could get the chance to meet the foreman and be among the people the company was hiring that day.
Joliet Iron and Steel Works was new and the opportunity to land a job was a bit favorable and finally after weeks of waiting Cato was hired to work the blast furnace. With his job, he was able to make about $1.43 dollars a day working for 13 hours and sometimes more depending on whether they had produced enough iron and steel to meet the demands of the railway network that was running across the country connecting mines to mills and people to markets. The conditions of his job were horrible. The job was incredibly dangerous, the pay was bad, and the hours were long. The extra hours were not paid and the clock stopped when the managers said stop. Cato was a physically strong young man with an unbreakable will. He was sociable and made a few friends at his job.
Cassandra was such a hardworking woman and it killed her that she sat at home and waited for Cato to come home exhausted, burnt and unable to eat properly. Cassandra would nudge him about getting her won job instead of sitting at home knitting. She was always liberal and had wanted to go to school her whole life. She did not get the opportunity because, despite the many hindrances that were there for people her color to access education, her parents were not interested and did nothing to help her with this dream. Instead, they would send her to sit with her grandmother and knit. Cato had almost the same mentality. He did not believe in an independent woman and always responded by saying he was capable of looking at her. She never stopped, nonetheless, and he grew tired. On this particular day, he conversed with one of his coworkers who apparently had a wife that was working at a cotton mill. They introduced them and in no time, Cassandra was working earning about $0.60 per day.
Her job was not any safer. The fast-spinning machines had no guards and every now and then people would be trapped and pulled into the machines resulting in deaths and disabilities. Cassandra questioned the lack of disability pension and insurance that was given to people working fancier jobs. Because nobody wanted to interact with her “toxicity” and lose their jobs, not one person engaged her much. He would go home and lay all her frustrations on Cato. She would talk for more than an hour and most of the time Cato would be their asleep not listening to a word she said. She was, however, venting not to nobody in particular and she did not notice him sleeping. The managers caught wind of her talk and she was immediately fired. A young white woman that had tried so much to be her friend left with her, her name was Jennifer. Jenifer had left her home in the South after her mother died and moved to the city at only 15 without any idea of what she was doing. She was not that smart and idolized Cassandra and sought warmth in her, she had nobody else. It was so strange for Cassandra and she always tried to avoid her for the most part of the three years she had worked there. Jennifer had gone to school a little bit, however, and when Cassandra new this she started letting her get close. And when they both lost their job they started spending much time together at Cassandra’s house learning to read, Cassandra had finally found a tutor. She wanted to one day work as a clerk. Cato knew this was never going to happen and always chose to stay silent than tell her otherwise. It was many years into their marriage and they still had no child, it was now apparent that Cassandra was barren.
Jenifer was not like any white person she had ever met, she did not look at her differently or treat her otherwise. In fact, the black people that lived at Cassandra’s building would look at her with judgmental eyes as she walked around with the white woman. Cato would also not be caught dead in his house alone with Jenifer; he would literally follow Cassandra out to run an errand if it happened Jenifer was at their house, which she was for most of the time until she moved in by default. Jenifer and Cassandra had so much time on their hands and with it, they started walking around joining local women movements that were calling for the right of women to vote. One woman in particular by the name Gibson had started her own version of the National Woman Suffrage Association (NAWSA) and walked around gathering young women and updating them with the activities of the organization. Cassandra was so interested in what the woman was saying and she went back and tried to spread the same message in her neighborhood and particularly her building. Nobody, however, cared for the woman corrupted by the white man to feel special. Because of their dedication, Gibson noticed Cassandra and her white sidekick and learning they could read, she offered them official roles and in a few years, they had become renowned representatives of NAWSA in Joliet.
Cato and Jenifer became comfortable with each other and spent time in the absence of Cassandra and before she knew, what was going on she found herself in a polygamous marriage with a pregnant white co-wife. She was hurt and nearly broke to pieces but her strong will would not let her. After a few months of constant fights, she conceded defeat and formed one of the most bizarre families at the time. Cato had gathered a little money and they move to a larger more decent house.
Cassandra was relentless and her close association with Jenifer and Gibson a black woman that could read and a white one that could write basic language which was more than enough at the time was a huge boost. Cato was the same hardworking man and had risen the ranks at his job to the position of foreman after 13 years working at the furnace. By 1914 he had worked as a supervisor at Joliet Iron and Steel Works for 4 years. His loyalty had brought him close to white managers and made him fall apart with his black friends. The comfort of his work and fake acknowledgment from white people had detached him from the reality of how white people treated black people. Cassandra did not like his interactions with the capitalists and they would often fight over him not supporting and recognizing what she was doing for their people. In 1914, in order to gain the respect of his white neighbors, Cato quite his post and joined the Soldiers for World War I. The segregation of the society did not shake his apparent loyalty to his country. Despite Cassandra disagreeing with him on the decisions, in April of 1917, he was drafted for the war in Germany. In his defense, Cato saw the conflict as an opportunity to prove his worth to the white man and maybe earn respect for his people
The exploitation of black people continued in the army as white people were sent home in large numbers on the basis of physical incapacity while only a handful of black people were. The white man wanted to send as many black people to war as possible. He left his family that now included Jenifer and their 9-year-old son Tyrone Williams. Cassandra was over Jenifer’s betrayal and they settled as a family creating one of the most epic family scenarios at the time. He promised to look after them and to keep herself distracted from her husband he went even harder into the progressive era. She was now a grown woman with a group of established activists that were not only advocating for the rights of their gender but the rights of every individual in particular. Cassandra left Jenifer home and would go out and raise her voice against impunity and calling for political and social reform. She had become a bother for some local white officials and rubbed shoulders with powerful white men of Joliet. She went back to advocating for the rights of workers and calling out unethical business practices and the negative effects of industrialization. She also got to attend women conferences advocating for women suffrage outside the state.
Although women’s suffrage movements were making progress, segregation was at its peak. One day on her way to New York to attend a women conference, she went to use the restroom at the train station. She minded the tags on the doors indicating that she was not worthy of sharing such a facility but knew one time it was going to happen. Although she was bitter, she knew there was nothing she could do at the moment. When she stepped in, however, the room was so filthy the smell from opening the door suffocated her. That same moment, a black man carrying cleaning materials emerged from the stall indicated whites, and walked away without bothering about the other one. She went to the station counter and confronted the white male that was there rather respectfully. His response was: “move away Negro, you are not even a man.” She stood there for a minute, a little shocked by the fact that she insinuated a male black man was above her in the social hierarchy and even he had no right to say a word. She was familiar with the kind of treatment but this one hit differently. She confronted the man in an angry raised voice for several minutes before she was taken away and locked in jail where she spent three days.
After World War I, the family started preparing to receive Cato who did not make it home for the next year and arrived in July of 1919. The years that followed were tough because Cato could not secure a job and the various woman suffrage movements had become lag after women were given the right to vote. The family fell on hard times and Cassandra began concentrating on the fact that she was barren. Jenifer could not make contact with her family despite them being rich as her father had married another woman after her mother’s death and they both disowned her for getting involved with a black man. The great depression hit the family as hard as it did any other lower-class family. In 1920, Cassandra got the opportunity to work with the National Association of Colored Women and later worked with the NAACP in their anti-lynching campaign.
References
RODRIGUE, J. C. (2017). “Repudiating the Emancipation Proclamation, and Re-establishing Slavery” The Abolition of Slavery in the Lower Mississippi Valley and the United States. Louisiana History: The Journal of the Louisiana Historical Association, 58(4), 389-403.