The new generation of philanthropists and impact investors, driven largely by millennials and women of wealth, are demonstrating an increased consciousness on the importance of making a bigger impact on our society and environment, and with this comes an increased demand for ethical practice from their service providers and their philanthropy and impact partners. This trend has already begun to affect many aspects of our society, and has made huge waves in the investment world. ESG and Impact investments are going to be more important than ever for both society and for reputation not just for individuals and their business but also for charities, funders and foundations.
In the attached guide, Bates Wells break sustainability challenges down into manageable chunks to help organisations meet their ESG aspirations and take action on climate change and social injustice through the way that they operate. In this guide, Authors Luke Fletcher, Partner and Angela Monaghan, Purpose and Impact Manager at Bates Wells, recognise that charities have a different starting point to businesses, which many would perceive as meaning that they are by their very nature “sustainable”. All charities must have a charitable purpose which must be for the public benefit and this drives activities, strategy and decision making and, in the case of charitable companies, the trustees must act in a way to promote the success of the charity in achieving its purposes. They ask (and answer) the question 'what does “sustainability” in the charity sector really mean in practice, and how do you make your charity more sustainable in a meaningful way through the way you operate?'
For the full series of Stepping Stones to Sustainability please visit the Bates Wells website via this link