In the Press / 03.21.2017
What happens when investors that care about social and environmental issues meet “a presidential administration that doesn’t seem interested in, say, battling climate change or protecting workers’ rights?” asks Carol J Clouse before launching into a multi-page, intimidatingly well-researched exposé on SRI in “Trump’s America.” “Let’s put it this way,” she continues, “Donald Trump does seem to have a knack for motivating people.”
Clouse provides numerous examples and quotes a myriad of heavy-hitters in the financial world. Both building the case and playing devil’s advocate as readers follow her trail of evidence and logic. Pritzker Simmons, from Blue Haven Initiative, at one point, is quoted as saying, “These are uncertain times, so where are you going to find certainty? You find certainty in your values.” Towards the end of the piece, Caprock’s own Matthew Weatherley-White jumps in to take the conversation to the next level.
“Matthew Weatherley-White, managing director at Caprock, a multifamily office with more than $2.5 billion in assets under advisement, takes it a step further. He is among those who believe the lines between impact and conventional investing have begun to blur. “More and more of the investments we’re approving for our impact clients are appearing in the portfolios of our conventional investors, mainly because these are just really good investments,” he says.
“Folks like Weatherley-White, who is the architect of Caprock’s impact investing platform, say that the steady growth of strong investable opportunities—coupled with the increasing desire to use investing as a force for good—could very well drive the transformation of the capital markets. “We believe that at some point in the future it will simply be unacceptable to deploy capital while disregarding the environmental and social consequences of doing so,” he says. “We believe this is an evolutionary force, in the same way that, 150 years ago, we thought colonialism was a perfectly acceptable way to organize capital in the world and now we look at it as morally reprehensible. … My sense is that this change is going to happen sooner rather than later. I think the open question is: Is it going to be too late?”