Press Release

Calvert Impact Capital announces expansion strategy, creation of Calvert Impact

Oct 17, 2022 | Bethesda, MD

Calvert Impact Capital, Inc. announced the formation of Calvert Impact, Inc. as its new 501(c)(3) holding company and Calvert Impact as the overall brand to expand its impact investment activities. The changes are intended to facilitate the launch of new impact investment products and service offerings that advance Calvert Impact's goal of better connecting the capital markets with organizations that positively affect communities and the planet.

Calvert Impact Capital, Inc. isn't going away. It is now a subsidiary of Calvert Impact and will continue to issue the Community Investment Note, the flagship product launched more than 25 years ago as one of the first impact investment products available to everyday investors.

The new nonprofit holding company, Calvert Impact, Inc., will provide a broader and more flexible platform from which to expand and diversify activities in lending, structuring services, and new product development. Calvert Impact has already created several subsidiaries and is working to develop new products for investors focused on reducing carbon and supporting unbanked small business. In recent years the organization developed its syndications, structuring and advisory work and arranged a series of new investment funds, bringing more than $750 million into the impact markets.

But expanding beyond services to bring new financial products to market—thereby giving investors more impact investment choices and ultimately increasing the amount of money invested in communities--required a new legal structure.

"We found that our original organizational framework sometimes prevented us from going bigger and bolder, taking catalytic but prudent risks," said Calvert Impact CEO and President Jennifer Pryce. "This new organizational structure will allow us to form stronger relationships with partners and expand our products and services to meet their capital needs. By organizing our activities under Calvert Impact, we can offer a more robust set of tools and deliver greater and more targeted impact to our growing community of investors."

Calvert Impact also released its new strategy, which details their ambitious goals for the next three years to continue growing and scaling impact markets. "Our strategy reflects our impatience with the pace of adoption across the capital markets," added Pryce. "We appreciate the need for ongoing financial innovation, but we also need to double down on what we know works in and for communities. We look forward to demonstrating that we can achieve scale without compromising impact integrity."

For press inquiries:

Greg Joslyn

(414) 376-7275

greg.joslyn@lowecom.com

About

Calvert Impact is a global nonprofit investment firm that helps investors and financial professionals invest in solutions that people and the planet need. During its 28-year history, Calvert Impact has mobilized approximately $5 billion to build and grow local community and green finance organizations through its flagship Community Investment Note™ and other products and services. Calvert Impact recently launched the Cut Carbon Note, a product that aims to reduce carbon emissions and transform the way we build. Calvert Impact uses its unique position to bring the capital markets and communities closer together. More at calvertimpact.org.

Calvert Impact Capital, Inc., a 501(c)(3) nonprofit and a subsidiary of Calvert Impact, Inc., offers the Community Investment Note. Calvert Impact Climate, Inc., a 501(c)(3) nonprofit and a subsidiary of Calvert Impact, Inc., offers the Cut Carbon Note. The Community Investment Note and Cut Carbon Note are subject to certain risks, are not a mutual funds, are not FDIC or SIPC insured, and should not be confused with any Calvert Research and Management-sponsored investment product. The Community Investment Notes and the Cut Carbon Notes are debt securities subject to the terms, conditions and risks described in the current prospectus, prospectus supplement(s) and pricing supplement, as applicable, including risk of possible loss of the amount invested. Payment is dependent on the issuer’s financial condition at the time payment is due. Any decision to invest in these securities should only be made after reading the current prospectus, prospectus supplement(s) and pricing supplement or by calling 800-248-0337.