“But For Us?” Is It Still a Useful Impact Investing Question
This month’s blog post which is takes a hard look at the “but for” test and its role in impact investing.
When I worked for Prudential Financial Impact Investments, we could only invest in projects that met the “but for us, this project won’t happen” test. For example, but for Prudential,the first grocery store built in Newark since the 1960s would not have been built.