(Greensboro, NC) January 24, 2018 — The Community Foundation of Greater Greensboro (CFGG) has established a sustainable investment pool (Social Impact pool), which only holds investments that meet criteria committed to responsible environmental, social, and corporate governance practices (ESG). The Social Impact pool has a long-term focus and will be available for current and future fundholders beginning February 1, 2018. The pool has been seeded with a $1,000,000 investment by CFGG.
According to John Englar, CFGG investment committee chair, “We have seen an increasing interest in ESG investing for charitable funds. In the past, there has been a perception that socially conscious investors were sacrificing portfolio performance; however, firms that score high on ESG criteria are typically well managed across the board, giving a portfolio of these companies the potential to outperform non-selective investment pools.”
Initial holdings within the ESG pool include the Vanguard FTSE Social Index, Boston Common International and the TIAA CREF Social Core Bond funds.
For additional information about the pool, contact Jackie O’Connell, executive vice-president, at 336-790-7527.
About The Community Foundation of Greater Greensboro
The Community Foundation of Greater Greensboro is a charitable organization dedicated to strengthening the community for present and future generations. The Community Foundation promotes philanthropy, builds and maintains a permanent collection of endowment funds and serves as a trustworthy partner and leader in shaping effective responses to community issues and opportunities