Impact investing has boomed from only US$25 billion in 2013 to more than US$1.164 trillion in 2022, according to the Harvard Business Review and estimates from the Global Impact Investing Network (GIIN).

What is impact investing? The term refers to investments made with the intention to generate positive, measurable social and environmental impact alongside a financial return, according to Amit Bouri, the CEO of GIIN. Impact investing is more than just “screening out” or avoiding certain categories that might be considered taboo, such as fossil fuels or weapons manufacturing, but instead proactively investing in business strategies that make the world a better place.

For example, consider the Eagle Venture Fund, the first-in-the-world for-profit venture capital fund that is figh