The Institute for Responsible Investment is now associated with the Hauser Center for Nonprofit Organizations at Harvard University.
Now called the Initiative for Responsible Investment, the group serves as a platform for dialogue on fundamental issues and theories underlying how financial markets can promote wealth creation across the triple bottom line. The IRI addresses responsible investment across asset classes, and conducts research, convenes stakeholders, and catalyzes practical action on issues important to the responsible investment community.
The Initiative for Responsible Investment was founded in 2003 with the guidance of Steve Lydenberg, chief investment officer at Domini Social Investments, and is led by Director David Wood. Current research and projects include the practice and value of corporate social responsibility investing; alternate theories of investment across asset classes; and the roles of investment consultants. The IRI publications include The Handbook for Climate-Related Investing Across Asset Classes; The Handbook on Responsible Investment Across Asset Classes; and The Evolution of Responsible Investment Consulting.
As part of its programming, the IRI has helped create two parallel organizations. The Responsible Property Investing Center is a collaboration with the University of Arizona to stimulate new vocabulary, research, and investments in the field of Responsible Property Investing (RPI), using research and education to build a community of practice around environmental and social investment strategies in the real estate industry.
The IRI also hosts More for Mission an association of foundations dedicated to broadly promoting mission investing and encouraging additional foundations — private, community, and corporate — to take up mission investing practices. More for Mission (M4M) aims to help foundations acquire the tools and information they need to better align their investments with their mission. Additionally, M4M helps to link foundations that are pioneers in mission investing and those new to the practice to disseminate information and encourage cross-fertilization in the field.