Impact Covenants

Legally binding agreements between a fund and the companies in which it has invested to advance social impact.

ANTI-DISPLACEMENT PRACTICES Require that real estate investments do not displace local residents and businesses, thereby contributing to accelerated speculation and gentrification.

COMMUNITY EMPLOYMENT Require a percentage of jobs to be created and sustained from target populations (e.g. returning citizens, immigrants and refugees, neighborhood workers, etc.).

COMPENSATION RATIO Cap the difference in total compensation between the highest paid and lowest paid workers in an enterprise.

DISTRIBUTED OWNERSHIP Require a percentage of enterprise ownership to be distributed to workers.

GENDER EQUITY Designate a percentage of board seats, management and/or staff to be filled by women based on recruiting and retention efforts.

LIVING WAGE Require wages to approach, meet or exceed a calculated wage target that covers the cost of living in the enterprise's Community.

PROCUREMENT: EQUITABLE Require a percentage of supplier relationships or dollars to come from enterprises owned by people of color and/or women.

PROCUREMENT: LOCAL Require a percentage of supplier relationships or dollars to come from local providers.

RACIAL EQUITY Designate a percentage of board seats, management and/or staff to be filled by people of color based n recruiting and retention efforts.

WORKPLACE DEMOCRACY Require the creation or maintenance of internal systems that distribute information and decision-making power among staff (e.g. cooperatives governance, participatory decision-making, open book accounting, etc.).