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Impact investing is an outgrowth of the field of responsible investment, the theory and practice of which has grown and evolved since its introduction in the 1970s. We will review the evolution of responsible investment, community investing, social entrepreneurship, the various definitions of impact investment, and the relationship of impact investment to theories of economic development, responsible investment, and sustainability. We will then provide an overview of some of avenues open to those interested in becoming involved in the impact investment field. http://hausercenter.harvard.edu/?p=1620 Steve Lydenberg is Founding Director of the Initiative for Responsible Investment at the Hauser Center for Nonprofit Corporations at Harvard University and Partner, Strategic Vision, for Domini Social Investments. He has been active in responsible investment research since 1975. Steve was a co-founder of KLD Research & Analytics, Inc. and served as its research director from 1990 to 2001. From 1987 to 1989, he was an associate at Trillium Asset Management. For 12 years starting in 1975, he worked with the Council on Economic Priorities, ultimately as director of corporate accountability research. He is author of the award-winning paper “Reason, Rationality and Fiduciary Duty”, the report “On Materiality and Sustainability: The Value of Disclosure in the Capital Markets”, and co-author of the recently published book, Dilemmas in Socially Responsible Investment (Greenleaf Publishing). Steve holds a B.A. in English from Columbia College and an M.F.A. in theater arts from Cornell University. He holds the Chartered Financial Analyst designation and is a member of the Boston Security Analysts Society.