MORE THAN DATA POINTS:  A COMPREHENSIVE PROCESS & ITS CHALLENGES Measuring the Social & Environmental Impacts  of Communit...
Investment Approach <ul><li>We make socially responsible venture capital investments… </li></ul><ul><li>In  UNDERSERVED MA...
Diversified Social & Environmental Impacts <ul><li>Our diversified portfolio investment strategy… </li></ul><ul><ul><li>Ge...
Adding Value <ul><li>Active involvement with portfolio companies… </li></ul><ul><ul><li>Collaborative relationship </li></...
Comprehensive Process <ul><li>Measurement is more than the collection & reporting of data </li></ul><ul><ul><li>Impacts fu...
Measurement <ul><li>For each portfolio company we track these categories… </li></ul><ul><ul><li>Fund investments </li></ul...
Community Impact <ul><li>Coastal Ventures LP & Coastal Ventures II </li></ul><ul><ul><li>$18 million invested in 35 compan...
We invest in socially responsible sustainable businesses with the potential to grow profitably and provide attractive retu...
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Dawn Estlow Stillings Presentation

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Dawn Estlow Stillings Presentation

  1. 1. MORE THAN DATA POINTS: A COMPREHENSIVE PROCESS & ITS CHALLENGES Measuring the Social & Environmental Impacts of Community Based Investing December 11, 2007 Public Pension Funds & Urban Revitalization Initiative Pensions & Capital Stewardship Project Labor & Worklife Program, Harvard Law School
  2. 2. Investment Approach <ul><li>We make socially responsible venture capital investments… </li></ul><ul><li>In UNDERSERVED MARKETS… </li></ul><ul><ul><li>Identifying unique investment opportunities </li></ul></ul><ul><ul><li>while providing access to capital </li></ul></ul><ul><li>With prospects for attractive FINANCIAL RETURNS… </li></ul><ul><ul><li>Advancing a sustainable model requires </li></ul></ul><ul><ul><li>consistently successful investment returns </li></ul></ul><ul><li>While advancing SOCIAL GOALS… </li></ul><ul><ul><li>Through all stages of the investment process </li></ul></ul><ul><ul><li>and Social Agreements with portfolio companies </li></ul></ul><ul><ul><li>Together with Coastal Enterprises Inc (our parent company) </li></ul></ul><ul><ul><li>providing workforce development & environmental resources </li></ul></ul>
  3. 3. Diversified Social & Environmental Impacts <ul><li>Our diversified portfolio investment strategy… </li></ul><ul><ul><li>Geography </li></ul></ul><ul><ul><li>Industry </li></ul></ul><ul><ul><li>Stage of Business Development </li></ul></ul><ul><ul><li>Social Impact </li></ul></ul><ul><li>Leads to  </li></ul><ul><li>DIVERSIFIED SOCIAL & ENVIRONMENTAL IMPACTS </li></ul><ul><ul><li>Access to equity capital in underserved markets </li></ul></ul><ul><ul><li>Quality employment, training & wealth building </li></ul></ul><ul><ul><li>especially for people with low to moderate incomes </li></ul></ul><ul><ul><li>Progressive management practices </li></ul></ul><ul><ul><li>Socially/environmentally beneficial products & services </li></ul></ul><ul><ul><li>Sustainable & healthy communities </li></ul></ul><ul><ul><li>Protection of the natural environment </li></ul></ul><ul><ul><li>& reduction of ecological strain </li></ul></ul>
  4. 4. Adding Value <ul><li>Active involvement with portfolio companies… </li></ul><ul><ul><li>Collaborative relationship </li></ul></ul><ul><ul><li>Board of Directors (or observer rights) </li></ul></ul><ul><ul><li>Participating in strategic & capitalization planning </li></ul></ul><ul><ul><li>Business assistance & network access </li></ul></ul><ul><ul><li>Advocacy for all stakeholders </li></ul></ul><ul><li>Social Agreement  </li></ul><ul><li>Working together with portfolio companies </li></ul><ul><ul><li>Committed to good corporate citizenship, environmental stewardship & the broad reaching social goals of the Funds </li></ul></ul><ul><ul><li>and with CEI’s extensive resources </li></ul></ul><ul><ul><li>Workforce development </li></ul></ul><ul><ul><li>Environmental </li></ul></ul>
  5. 5. Comprehensive Process <ul><li>Measurement is more than the collection & reporting of data </li></ul><ul><ul><li>Impacts fund formation </li></ul></ul><ul><ul><li>Impacts investment decision making </li></ul></ul><ul><ul><li>Impacts provision of resources </li></ul></ul><ul><ul><li>Impacts allocation of resources </li></ul></ul><ul><ul><li>Impacts messaging </li></ul></ul><ul><ul><li>Vital to achieving goals </li></ul></ul><ul><li>Used to add value to the process of deploying capital to achieve social & environmental benefits… </li></ul><ul><li>Select categories & data points carefully </li></ul><ul><ul><li>Appropriateness </li></ul></ul><ul><ul><li>Accuracy </li></ul></ul><ul><ul><li>Consistency </li></ul></ul><ul><li>Balance quantitative & qualitative </li></ul><ul><li>Evolve </li></ul>
  6. 6. Measurement <ul><li>For each portfolio company we track these categories… </li></ul><ul><ul><li>Fund investments </li></ul></ul><ul><ul><li>Total investments </li></ul></ul><ul><ul><li>Location </li></ul></ul><ul><ul><li>Industry </li></ul></ul><ul><ul><li>Employee management </li></ul></ul><ul><ul><li>Economic development </li></ul></ul><ul><ul><li>Minority business </li></ul></ul><ul><ul><li>Certifications </li></ul></ul><ul><ul><li>Area median Income </li></ul></ul><ul><ul><li>Jobs & employees </li></ul></ul><ul><ul><li>Advancement </li></ul></ul><ul><ul><li>… about 140 data points </li></ul></ul><ul><ul><li>Annual economics </li></ul></ul><ul><ul><li>Wages </li></ul></ul><ul><ul><li>Types of jobs by skills </li></ul></ul><ul><ul><li>Health insurance </li></ul></ul><ul><ul><li>Other health benefits </li></ul></ul><ul><ul><li>Retirement Benefits </li></ul></ul><ul><ul><li>Other benefits </li></ul></ul><ul><ul><li>Programs for wealth building </li></ul></ul><ul><ul><li>Policies for paid training </li></ul></ul><ul><ul><li>Community impact </li></ul></ul><ul><ul><li>Environment commitment </li></ul></ul>
  7. 7. Community Impact <ul><li>Coastal Ventures LP & Coastal Ventures II </li></ul><ul><ul><li>$18 million invested in 35 companies </li></ul></ul><ul><ul><li>$5.8 million returned to investors </li></ul></ul><ul><ul><li>2,600 people employed </li></ul></ul><ul><ul><li>1,270 women </li></ul></ul><ul><ul><li>190 ethnic minorities </li></ul></ul><ul><ul><li>1,220 LMI jobs </li></ul></ul><ul><ul><li>1,680 new jobs created </li></ul></ul><ul><ul><li>Headquarters in ME, NH, VT, NY, MA, PA, NC, CA </li></ul></ul><ul><ul><li>Operations across the US & offices around the world </li></ul></ul><ul><ul><li>Industries: Biotech, Business Products & Services, Consumer Products & Services, Electronics/Instrumentation, Financial Services, Health Care Services, Industrial/Energy, IT Services, Media & Entertainment, Networking & Equipment, Software </li></ul></ul>
  8. 8. We invest in socially responsible sustainable businesses with the potential to grow profitably and provide attractive returns. Through these investments, we seek broad ranging social and environmental impacts. … Leads to a Sustainable Industry Financing Sustainable Businesses… DAWN MARIE ESTLOW STILLINGS December 11, 2007 Public Pension Funds & Urban Revitalization Initiative Pensions & Capital Stewardship Project Labor & Worklife Program, Harvard Law School

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