Over the past few months ELFEC has been moving money into impact investments.  These are defined as investments "made into companies, organizations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return".

After commissioning a study by an independent consulting group, the ELFEC board approved the investment of a total of $1 million, or about 3% of our total portfolio, in four organizations. All four investments will generate a financial return that compares favourably to our fixed income investments in financial markets.  Two of these investments have been placed, while the other two are still in process.

Read more in our latest edition of ELFEC News.