Fondazione Cariplo, in collaboration with Eticanews.it, launched the Responsible Impact e-Book Series focused on Sustainable Finance. Like all other philanthropic organizations, banking foundations are going through profound transformation where the whole concept of giving is being thoroughly reviewed in favor of investing in measureable impact initiatives. Being transparent and sharing with stakeholders information about goals and results attained are other aspects of growing importance in the social model our Foundation promotes. Essentially, these are the reasons behind our Responsible Impact e-book series. A way for our Foundation to share with stakeholders the stories that show our commitment to having social impact, today and tomorrow.
The importance of creating social value, the first e-book in the series, is about the evolution Fondazione Cariplo is going through, a transformation which is making our Foundation lead the way in Socially Responsible Investing (SRI) in Italy. Morphing from a grantmaking organization to a social investor while embracing venture philanthropy as a way to create social value.
Opes Fund, the spark of social value, the second e-book in the Responsible Impact Series, is about the Opes Impact Fund. Opes is one of the few investment funds in the world to support social enterprises in the early stage of their development and propose solutions to alleviate entrenched problems that afflict low-income people around the world (social impact).