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The History & Evolution of Impact Investing

The History & Evolution of Impact Investing

By Pierrick Ribes 15 December 2023

In his seminal work “Impact Investing: A Brief History,” Brian Trelstad from Bridges Ventures navigates the intricate evolution of impact investing. His 2016 publication delves deep into the transformation from traditional investment approaches towards a more socially and environmentally conscious methodology. This transformation, as Trelstad articulates, encompasses a diverse ‘spectrum of capital’, highlighting a profound narrative of how investment strategies have matured to align with the evolving ethos of society and the planet. 

The Historical Shift Towards Socially-Conscious Capital 

Historically, the investment landscape was dominated by two primary types: fiduciary investors, focused solely on m

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