Commitment to Action

Passionate Investments: A Co-Investment Impact Mechanism

Commitment by

The Foresight Group, Swedbank

In 2011, Swedbank, in partnership with The ForeSight Group, committed to launch a new initiative within the Bank called Passionate Investments. The initiative will offer its clients investment and traditional philanthropic opportunities targeted at achieving social and environmental impact. Swedbank and The ForeSight Group will guide private banking clients and potentially its broader client base to pursue Passionate Investments. Swedbank will leverage innovative work from existing social and environmental institutions and partner with organizations to source for-profit and nonprofit deal flow. To build the Passionate Investments concept within Swedbank, commitment partners will pilot a co-investment impact mechanism built on three pillars: 1) establishment of investment clubs for interested clients; 2) development of partnerships with organizations to provide deal flow opportunities; and 3) matching of clients to socially- and environmentally-oriented investment opportunities.

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Overview
Summary

Commitment

Passionate Investments: A Co-Investment Impact Mechanism

Launched

2011

Est. Duration

7 years

Estimated Total Value

$5,000,000

Region

Northern America

Countries

Global

Commitment by

The Foresight Group, Swedbank