(Editor’s note: Jed Emerson is an “OG” of impact investing, having coined the concept of blended value more than three decades ago. He is the author, most recently, of “The Purpose of Capital.” He currently serves as a senior advisor at AlTi Tiedemann Global, a multi-family office, a senior fellow at Impact Assets, a board advisor of Happiness Capital in Hong Kong and a board member of Katapult Foundation in Oslo.