The Initiative for Responsible Investment (IRI) is a research project at the Hauser Institute for Civil Society examining the practice of responsible and impact investing, and theory around the social purpose of finance. Through specific research projects and ongoing multistakeholder dialogue, the IRI explores opportunities across a diverse set of asset classes, issue areas, and investor types to engage private sector investment around social and environmental goals.
The IRI takes a contextual approach to understanding how investors make decisions, from the theories by which they justify choices – recent papers have focused on modern portfolio theory and the role of investment beliefs in portfolio management – to the agency issues, policy environment, opportunity sets, and cultural realities that inform the process of engaging in responsible or impact investing.
Some of the IRI’s recent projects have included:
- Understanding emerging trends and best practice in global impact investing policy
- Exploring trends in product development and client demand for sustainable investing in public equities and fixed income in the U.S.
- Developing a framework to understand the ability of places to effectively attract and deploy investment capital for community benefit
- Strategies for long-term wealth creation in the context of retirement security for public and Taft-Hartley pension fund trustees
- Implications of theories of value and portfolio strategy for investment across asset classes
- Mission-related investing, advocacy and research for foundation endowments
- Tracking ESG disclosure requirements by governments and stock exchanges around the world
What ties the IRI’s wide-ranging work together is a commitment to exploring the impacts of investment on the real economy, and role that investors and stakeholders can play in building financial markets that support long-term sustainable wealth creation.