This guide explains how to take practical steps towards implementing your first impact investment. If you are new to the topic, please refer to the preceding guide, "Impact Investing: An Introduction," to get oriented.
Developing an impact investing strategy and taking subsequent action steps can be organized into three stages: PREPARE, BUILD, and REFINE. We explore each of these phases in detail in this guide. Please note: this guide builds from the introductory guide Impact Investing: An Introduction, and assumes basic knowledge of philanthropy and grantmaking approaches, as well as financial tools and investment principles.