An introduction to the world of impact investment
Hurricane Maria swept through Puerto Rico in 2017 resulting in the deaths of almost 3000 people, destroying homes, local fisheries and vital infrastructure the communities hit by the hurricane needed to thrive.
Flooding ravaged vital grid systems in the country, making it impossible to have reliable electricity needed to power the hospitals and other buildings. The storm knocked out power to the entire island, home to 3.3 million citizens.
In a time of extreme crisis, help came from an unexpected source - in the form of solar energy and innovative power packs from Tesla’s Solarcity.
Coordinating with the local government, Tesla and it’s solar team were able to outfit Puerto Rico with power facilities that ensured the lights were kept on in over 600 locations.
The consequences continued in the aftermath for months, with power outages occurring for extended periods but with Tesla’s innovative technology; in the form of over 11,000 energy storage projects - the island is slowly beginning to recover from the natural disaster.
This is what impact investing looks like on the ground. Helping make real impacts to real people, facing social and environmental problems head on.
What defines impact investing?
Impact investing directs capital towards the businesses solving environmental and social problems in real-time. The industry combines the rigorous measurement of financial performance, into environmental and social performance.
Bridging the divide between philanthropy and finance, impact investing aims to provide market returns and a positive, measurable return on environmental or social metrics