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Supply chain and fair labor practices
Equal access to quality education
· Private equity/venture capital that invests in ethical supply chain management and transparency, ethical and safe materials, worker engagement and training, technology-enabled supply chain auditing to increase transparency, worker data and feedback platforms
Equity investments
· Equity investments in companies/real assets focused on ethical labor practices · Public equities: constructive engagement with companies on worker safety and compensation-related issues, custom basket of equities with screen on corporates that don’t rank highly on human rights practices
· Venture capital/private equity that invests in edtech and future of work platforms focused on increasing access to learning resources
· Investments in funds that back businesses in underserved areas or low- and moderate-income (LMI) areas · Funds that encourage employee ownership
· CDFIs focused on improving economic conditions for workers in low-income communities
Credit investments
· Private credit focused on employee ownership such as Employee Stock Ownership Plans (ESOPs) · Credit investments in companies/real assets focused on ethical practices
· Education bonds issued by governments to improve quality of public schools · Social impact bonds focused on education
· Investments in funds that back businesses in underserved or LMI areas
· Vistria*
· Ardabelle
Sample Managers
· Achieve Partners
· Closed Loop*
· Lumos
· Apis & Heritage*
Sample areas for impact investment
· Owl Ventures*
· Investments in ethical supply chain technologies, such as supply chain monitoring platforms, that promote transparency and uphold fair labor practices9 · Investments in technology that empowers workers (e.g., apps that provide a platform for workers to submit real-time feedback on safety and potential workplace violations, workers’ rights education apps)10
· Supporting increased access to affordability of private school education in countries with poor quality public education · Funding for startups developing innovative EdTech solutions like online learning platforms, digital classrooms, and adaptive learning technologies
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*Capricorn Investment Group is invested in or otherwise holds a financial interest in this manager. 9. “Supply Chain Transparency, Ethics, and Technology for Due Diligence,” LexisNexis, April 17, 2023. 10. Kate Finn, Mary Beth Gallagher and Kindra Mohr, “A human rights approach in impact investing,” ImpactAlpha, January 11, 2023.
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