Technically, no – but the two investment streams are very similar. In a nutshell, socially responsible investing focuses on stocks and ETFs that do not cause harm. It can also cover assets that are involved in sectors that strive to improve the environment or society as a whole – such as renewable energy or electric cars. However, impact investing goes one step further. This is because the respective company must use its investment capital to directly make measurable improvements to society. ‘Measurable’ is the key word here, as the aims and objectives of the impact investment must be quantifiable.