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INSIGHTS / THE BIG PICTURE

Impact investing: Spanish startups with a cause and the ecosystem backing them

Spain · Jul 05, 2019 · By Emanuela Ferraro

As more thought and money go into socially and environmentally responsible projects, Spanish entrepreneurs, investors and big businesses are following suit

Spanish consumers are increasingly conscious about the social and environmental impact of their spending choices and lifestyles  and local investors and businesses have taken note. As a result, socially responsible investing (SRI) has become not just a buzzword, but a major force backed by numbers.

In 2017, investments managed using SRI strategies in Spain amounted to €185.6bn. Of these, impact investments, which actively seek to produce positive, measurable social and environmental impact alongside financial returns, amounted to €311m, more than tripling from €87m in 2014.

Spanish Sustainable Investment Forum, or Spainsif, which published these latest figures in 2018, found that 81% of surveyed investors placed greater weight on sustainable and responsible investments than five years ago. Of those, "61% said that they had increased their investments in sustainable funds and 35% said that they often invested in these types of products," it said.

Edited by Bernice Tang and S. Mani

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