This document presents a framework for creating social and environmental impact across different asset classes in an investment portfolio. It outlines areas of investment like fixed income, public equities, private equity, and real property. It then provides matrices and maps to assess the level of activation in a portfolio across these asset classes and areas of investment, including investment selection, active ownership, networks, and policy. The goal is to design portfolios that go beyond modern portfolio theory to have greater resilience and positive impact.

1. Total Portfolio Activation
A Framework for Creating Social and Environmental Impact across Asset Classes
AUGUST 8, 2012
Tides and Trillium commissioned this report from Tellus Institute
Joshua Humphreys
Fellow, Tellus Institute

2. Total Portfolio Activation Framework
Asset Classes Areas of Investment
 Cash and Activity
Equivalents 1. Investment
 Fixed Income Selection
 Public Equities 2. Active Ownership
 Private Equity 3. Networks
 Real Property 4. Policy

3. Partially Activated Portfolio Map

4. Portfolio Activation Matrix

5. Total Portfolio Activation Map

6. Total Portfolio Activation Matrix

7. Connect
Total Portfolio Activation:
Investing beyond Modern Portfolio Theory
Redesigning Finance:
Pathways to a Resilient Future
BSR, San Francisco Joshua Humphreys
August 9, 2012 Fellow
Tellus Institute
t. (617) 266-5400 x 18
e. jhumphreys@tellus.org
tw. @HumphreysTweets