Renewal2 and Renewal3 Honored as Best for the World Funds
Renewal2 and Renewal3 (the two fund products of Renewal Funds company), were named ”Best for the World Funds” by B the Change Media, for setting the measurement and management bar in impact investing. This honor follows Renewal Funds itself being named a B Corp “Best for the World Company”.
To be named “Best for the World”, high social and environmental impact must be verified and ranked by the independent nonprofit B Lab. This comprehensive, comparable framework of impact measurement and management is critical to satisfying the market’s need to benchmark a funds’ impact performance.
Of the 50 GIIRS rated funds named, Renewal2 ranked in the top 5 overall for our Impact Business Model Rating, recognizing the ability to solve social or environmental problems. Both Renewal2 and Renewal3 ranked in the top 5 for Operations Rating, for environmental, social, and governance practices.
“We are proud to support the movement towards a transparent and robust community of impact investing leaders,” said CEO, Paul Richardson. “Having standards such as those that GIIRS funds comply with, will provide a way to measure and account for the social and environmental impacts that these businesses have, track their success and help attract new capital to this space.”
Renewal Funds is proud to be named alongside a colleague fund, Investeco, with whom we work closely. Thank you to our partners, advisors, colleagues, and all of those working to mobilize capital for positive long-term change.
To learn more visit, http://bftw.bthechange.com/the-funds/