SRI vs. ESG vs. Impact Investing: What's the Difference?

How do values-based investors decide among SRI, ESG and impact investments? We look at what sets each strategy apart.

photo illustration of growth from money
(Image credit: Getty Images)

2021 has been a year marked by uncertainty, but also by conviction – and as a result, many investors are looking to align their portfolios with their principles.

Values-based investing is not an overnight sensation. According to US SIF: The Forum for Sustainable and Responsible Investment, socially responsible investing (SRI); environment, social and corporate governance (ESG) investing and impact investing assets grew from $3 trillion in 2010 to $12 trillion in 2018 to $17.1 trillion by the start of 2020.

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Emmett Maguire
Contributing Writer, Search and Selection at Boston Private


Emmett Maguire III is Managing Director of Search and Selection at Boston Private, a boutique private bank and wealth management firm. He leads Boston Private’s external manager search, selection and due diligence processes while bringing his expertise in multi-asset class investing and portfolio construction to the firm’s creation and delivery of best-in-class investment solutions. Prior to Boston Private, Mr. Maguire held positions at Draper, Lake Street Advisors and Twin Focus Capital Partners.