Calvert Impact Releases its 2022 Impact Report: The Need for Transformative Change
Above – Calvert Impact portfolio partner Clearinghouse CDFI is a full-service, direct lender addressing unmet needs throughout the US. Their loans help organizations like Paul Quinn College (PQC). PQC is one of 102 historically black colleges and universities (HBCUs) in the US. Originally founded in 1872 to educate former slaves and their children, today PQC proudly educates students of all races and socioeconomic classes. PQC offers paid jobs for every student, as well as reduced student tuition and fees, allowing students to graduate with less than $10,000 in student loan debt.
Annual report details impact of Calvert Impact’s investments over the past year
Calvert Impact recently announced the publication of its 2022 Impact Report: Responding to the Need for Transformative Change. The report showcases Calvert Impact’s portfolio partners’ work in communities around the globe and the impact of its investors’ capital. It also highlights key internal trends, with particularly noteworthy increases in Calvert Impact’s climate and small business portfolios.
“This report is a celebration of our investors and portfolio partners’ remarkable work and demonstration of what’s possible,” said Calvert Impact President and CEO Jennifer Pryce. “It’s inspiring to see the breadth and depth of impact that our investors help make possible.”
In the last year, Calvert Impact’s capital served more than 144 million individuals and 4.1 million small businesses across the US and in over 100 countries. They made $268 million in loans and investments into organizations that disbursed nearly $7 billion into communities over 2021.
The report demonstrates Calvert Impact’s commitment to fighting climate change, noting that their climate-focused investments have grown over 380% over the last five years and accounted for 42% of total disbursed capital. The number of small and medium enterprises financed also increased substantially, with 414% growth from last year, reflecting Calvert Impact’s dedication to supporting small businesses around the world. The jobs created and/or retained by their portfolio partners grew by 30%.
The report also shares the organization’s focus — in both its portfolio and staff — on gender and racial equity as part of its efforts to address structural inequities and covers Calvert Impact’s recent corporate expansion.
Pryce noted that the organization is dedicated to constant iteration and improvement is “core to the character of Calvert Impact,” stating in her CEO letter, “We remain committed to showing a different world is possible.”
Additional information about the Impact Report can be found here.
About Calvert Impact Capital
Calvert Impact is a global nonprofit investment firm that helps investors and financial professionals invest in solutions that people and the planet need. During its 25+ year history, Calvert Impact has mobilized over $4 billion to grow local community and green finance organizations through its flagship Community Investment Note™ and structuring services. Calvert Impact uses its unique position to bring the capital markets and communities closer together. More at calvertimpact.org.
Calvert Impact Capital, Inc., a 501(c)(3) nonprofit and a subsidiary of Calvert Impact, Inc., offers the Community Investment Note®, which is subject to certain risks, is not a mutual fund, is not FDIC or SIPC insured, and should not be confused with any Calvert Research and Management-sponsored investment product. Any decision to invest in these securities through this site should only be made after reading the prospectus or by calling 800.248.0337.