banking – The National Center for Social Impact

Engaging Workforce Development: A Framework for Meeting Community Reinvestment Act Obligations

  “Dallas Fed research shows that levels of educational attainment are highly correlat-ed with employment rates and income levels. Unfortunately, educational attainment levels in Texas are lagging, particularly for the fastest-growing demographic groups— blacks and Hispanics. It’s not just about who is left behind; it’s about leaving the economy behind. Texas high school graduates earn 33 percent more, on average, than those who don’t finish [...]

How Can We Stop the 1 Percent From Robbing Us?

You'd get prison time for robbing a bank at gunpoint; bankers who rob customers get multimillion-dollar payouts. In an insightful song about outlaws, Woody Guthrie wrote this verse: "As through this world I travel/I see lots of funny men/ Some'll rob you with a 6-gun/ Some with a fountain pen." The fountain pens are doing the serious stealing these days. For example, while you would [...]

Global Banks and UN Create Standards for Impact Finance

The implementation of UN Sustainable Development Goals (SDGs) involves large amounts of finance. While there are adequate funds available globally, only a small part of the international investments are currently targeted towards meeting these goals. The challenge lies in putting the money in the right direction to achieve the sustainability agenda. To address this challenge, about 20 leading global banks and investors, totaling $6.6 trillion [...]

IFC’s first “Social Bond” raises $500 million for women-led companies and low-income communities

The IFC’s first “Social Bond” has raised $500 million for women-led companies and low-income communities. The issue was the first since International Finance Corp. merged its Banking on Women and Inclusive Business bond programs, which had raised a combined $564 million since 2013. The IFC, part of the World Bank, will use the latest proceeds to finance women-led companies and those that purchase from small farmers [...]