It is early days for Purpose Driven Capital, but to start to achieve our Purpose everyday we need to both be purposeful in all our interactions and then with the proceeds we receive from those interactions.
Being Purposeful
Impact Investing & Ethical Screening
Purpose Driven Capital seeks to make investments with a positive impact on society and our Purpose.
Such impacts can either be direct or indirect, i.e. profitable so that our Social Giving strategy plays a positive impacting role.
Whether the impact is direct or indirect it must be positive, which is why we have elected to adopt an Impact and Ethical Filter process for our all of our funds.
You are welcome to review Purpose Driven Capital’s Impact and Screening Strategy and to provide your feedback.
Aspiring to B Corp status
To strive to be a purposeful business right from our founding is pretty daunting.
Fortunately, it is an objective our founders have desired, researched, debated and argued about for years, separately and together. So when one proposed we have a social purpose, and the other proposed the name Purpose Driven Capital it was a meeting of minds.
But after many years in business both knew the challenge lay ahead in setting the culture and living it every day, particularly in the challenging days.
What was needed was a set of guiding principles against which to be accountable.
We have chosen to seek B Corporation certification as soon as practicable because we subscribe to the philosophies.
We need an inclusive, equitable, and regenerative economic system.
We envision an economy that works for all people and the planet. Business can help us get there.
B Lab Australia & Aotearoa New Zealand
B Corps are businesses that meet high standards of social and environmental performance, accountability, and transparency.
For more details we recommend going to B Lab Australia & Aotearoa New Zealand. We will keep you informed of our progress to certification.
Fund Investors, Investees & Our Purpose
We believe it is important for us to control our own actions and impacts, rather than judge those of others. That being positive role models and influencers, while harder in the short-term has much greater long-term impact than dictating others behaviour.
As such, we do not place any extra requirements on fund investors and do not ask them to join or support our Purpose or social giving.
Social Giving
Our Giving Policy
It is our policy to allocate 15% of the Carried Interest fees of each Purpose fund to social causes that assist in achieving our Purpose.
A selection of charities and causes will be made, and contractual agreements entered into with anchor causes. As the value of social giving increases, we will be seeking advice and guidance on the best causes to support and notifying our stakeholder community on all aspects of Purpose’s Social Giving.
No Negative Impact
Any social giving commitment of Purpose Driven Capital does not have a negative impact on our ability to deliver our services to all stakeholders or to maintain the highest levels of fund compliance as it would be contrary to our Purpose if our pursuit of that purpose caused strain on or the failure of our business.
Governance
The governance of the social giving of Purpose Driven Capital is still to be determined, but will be structured and implemented in accordance with B Corp guidelines for effective governance practices.