Sustainability is an over-arching goal of the KL Felicitas Foundation, and principles of sustainability are factored into every investment decision that we make. At KL Felicitas, sustainability is defined in four dimensions, including economic, environmental, social, and spiritual perspective. We call this “holistic sustainability.”
Our minimum requirement today is that an investment not knowingly maximize returns from one of these dimensions at the expense of another. For instance, a potential investment cannot maximize economic return at the expense of environmental and social returns. Similarly, a potential investment cannot maximize environmental return at the expense of social and economic returns. Our goal is to invest in opportunities that demonstrate a blended return, and we believe that this minimum requirement can ultimately develop into a positive blended return expectation.
We are currently working on a way to capture holistic sustainability more methodically in our investment decisions, and relay these factors to our impact investors.