When capturing impact for fixed income securities, we employ a proprietary quantitative and qualitative approach to understand what each bond is financing and to report on its multiple positive-based outcomes. Quantitative data can include the number of jobs created or the number of affordable housing units as well as dollar amounts invested in impact themes. Qualitative research is the “story,” so to speak, which includes detailed explanations of what the bond is financing (see Investment Stories). Each bond goes through our rigorous research process which includes impact and financial analysis and is “tagged” with one or more of our 18 impact themes (click here for full descriptions). For equities, we apply the same internal impact metrics and additionally use a combination of third-party and in-house research to determine where potential holdings fall within four categories (Strong Positive Impact, Moderate Impact, Neutral Impact, and Negative Impact).
Overall impact metrics are since inception (8/30/99) to most recent quarter end unless otherwise indicated; economic development includes environmental sustainability, neighborhood revitalization, healthy communities, and other general community development activities.
Impact by geography and impact by theme are for 2018 only. A full list of regulatory disclosures for Community Capital Management, Inc. are available by visiting: https://www.ccminvests.com/regulatory-disclosures/.
* In 2019, we conducted a database review on our impact and ESG metrics and reclassified some fixed income securities across our six broad categories. We also removed some non-impact securities previously included in our impact data figures. This resulted in a decrease, year over year, in the dollar amount totals in some of the six categories. This database review did not affect the accuracy of individual client reporting and it did not affect the accuracy of any performance data.