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Time for more City firms to take an interest in helping London

Financial institutions are getting more involved in social impact investing, but more is needed to address inequality issues right on the doorstep of London firms

Time for more City firms to take an interest in helping London
Photo: Getty Images

Businesses which reinvest profit for social and environmental benefit are becoming increasingly popular, and it’s not hard to see why. When successful, they are a win-win — tackling the most pressing social issues whilst also making a profit and creating sustainable jobs.

Recently, 18 industry leaders pledged to promote social impact investment after signing a letter from Allianz Global Investors committing to goals aimed at expanding the market and making it more accessible for investors. Signatories include Barclays, Columbia Threadneedle and Legal & General.

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