Calvert Impact Capital

Activism

Calvert Impact Capital borrowers engaged with over 538,000 organizations which themselves engaged with over 41 million people in 2018; Calvert’s loans were used in 103 countries. ⁴

Calvert claims an investor total of 18,000 people and reported giving $2 billion to organizations which work to accomplish Calvert’s goals. ¹ Most of Calvert’s money goes to environmental, gender equality, and anti-poverty efforts. Sixty percent of those who receive Calvert’s money downstream are women. ⁵

Many recipients of Calvert’s loans and investments are not overtly political or advocacy-oriented; ³ the Baltimore-based Monarch Academy Charter School received an investment because 82 percent of its students receive free or reduced-price lunch. ⁶ However, other investments, such as greater energy resources for Africans, include left-leaning prioritization of how to accomplish specific goals. Calvert has invested millions of dollars in a solar energy start-up since 2016 instead of investing in more plentiful energy resources such as oil or natural gas. ⁷

Calvert’s 2017-2019 growth strategy included, but was not limited to, expanding its thought leadership in the impact capital industry as well as creating infrastructure between investors and downstream recipients of investor capital. ⁸

Leadership

Jennifer Pryce is Calvert Impact Capital’s CEO. Prior to taking the role in 2013, she was chief strategy officer. ⁹

Former World Bank senior financial officer Derek Strocher is Calvert’s chief investment officer. ¹⁰

Beth Bafford is vice president of syndications and strategy. She was an Obama campaign field director in 2008 and worked in the Obama administration’s Office of Management and Budget before going into the financial field with the international business and government consultancy McKinsey. ¹¹

Justin Conway leads investment partnerships for Calvert. He is a longtime environmentalist and left-leaning investor activist. ¹²