FundFire: As ‘Impact-Washing’ Concerns Grow, Mgrs Turn to Third-Party Verifiers
By Aziza Kasumov, October 20, 2020
Aeris, a risk and impact consultancy launched in 2004, initially with a focus on community development financial institutions, has performed six verifications in the last year alone. But it’s not only impact-focused boutiques doing the authentications: Some large accounting firms that may already have a relationship with asset managers from their financial audits have entered the business as well.
“The verification field has gotten really crowded very quickly,” says Paige Chapel, CEO of Aeris. “There’s a lot of firms that have developed a practice, including the large accounting firms.”
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