Kernaghan is senior director of investments at the Chicago Community Trust, leading its impact investments program of donor-advised funds. She took the time to answer 5 questions with FIN News.
First director of impact investment strategy will lead and direct the fund’s endowment after it updated its investment strategy to align the management of the portfolio with its mission and values, including racial, social and economic justice.
But some have reservations about ESG, with 75% noting that ESG mutual funds often contain companies that they do not consider socially or environmentally responsible.
Hire has been self-employed as an impact investing consultant since leaving his most recent role as director of research and consulting at nonprofit impact investor Pacific Community Ventures.
University is pursuing clean energy investments to mitigate the negative impacts of climate change as it has barred public investments in fossil fuel companies.
The new investor responsibility framework was developed to guide the company’s investment approach and align with broader sustainability and social responsibility objectives of its founding institution.