& Reports

DBL Investors provides reports to our Limited Partners and publications on industry issues for the impact investing community.

Investor Reports for Limited Partners

Impact Measurement
DBL Investors issues a semi-annual Double Bottom Line Report for its Limited Partners that reports on its portfolio companies’ business and financial performance (First Bottom Line) as well as their social, environmental, and economic impacts (Second Bottom Line).

The most recent data for the reporting period ending June 30, 2015 showed that the DBL portfolio of companies (across Fund I and Fund II) employ over 30,000 individuals nationwide.

DBL Investors encourages its portfolio companies to site company headquarters or facilities in low-and-moderate income (LMI) areas or Enterprise Zones that positively impact the local tax base in areas that historically have lacked investment capital. As of June 30, 2015, 59 percent of our Fund II portfolio companies have company headquarters and or facilities located in a low-to-moderate income area or Enterprise Zone.


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Papers & Presentations

May Policy Brief Cover

Clean Energy Employment Booming, Creates a More Diverse Workforce and Higher Quality Jobs

DBL Policy Brief

Solar employ­ment is up 86% since 2010, with 210K employ­ees expected in 2015. Since 2010 the solar work­force has grown nation­ally from 93,502 work­ers to 173,807 work­ers in 2014 – an …
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Renewables Are Driving Up Electricity Prices. Wait, What?

Nancy E. Pfund & Anand Chhabra

The argu­ment that an increase in renew­able energy in the United States means more expen­sive elec­tric­ity has per­vaded the debate on renew­ables ver­sus fos­sil fuels for decades. A new DBL
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DBL and Revolution Foods:

Developing education programs for its hourly workers

This case study out­lines how DBL, in its capac­ity as a dou­ble bot­tom line investor, con­tin­ues to add value for both Rev­o­lu­tion Foods and their employ­ees by work­ing closely with the …
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Beyond Campus Conflict Speech

How Impact Venture Capital Can Address Student Concerns While Furthering Endowment Investment Goals

Nancy E. Pfund

Pre­sented at the National Asso­ci­a­tion of Col­lege and Uni­ver­sity Busi­ness Offi­cers Endow­ment and Debt Man­agers Forum on Feb­ru­ary 6, 2014 Nancy E. Pfund Down­load the Presentation

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Where to Build the Model S

The Case for Manufacturing in California

Tesla’s deci­sion to site in Cal­i­for­nia rep­re­sented a devi­a­tion from the pre­vail­ing tra­di­tional approaches to sit­ing fac­to­ries, which empha­size low labor costs and reduced reg­u­la­tions. Early in the sit­ing process, …
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Ask Saint Onofrio:

Finding What Has Been Lost in a Tale of Two Energy Sources

Nancy E. Pfund & Noah W. Walker.

This paper frames the ongo­ing debate about fed­eral sup­port for the solar sec­tor in Cal­i­for­nia by com­par­ing sub­si­dies that con­tributed to the recent growth in dis­trib­uted solar power gen­er­a­tion to …
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The New Family Philanthropy: Investing for Social and Environmental Change

Lisa A. Hagerman and Daniel W. Geballe

The impact invest­ing mar­ket­place is gain­ing traction—investment vehi­cles now span asset classes, infra­struc­tural improve­ments are enhanc­ing trans­parency and investor con­fi­dence, and social enter­prise is matur­ing with a new gen­er­a­tion of …
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Red, White and Green

The True Colors of America's Clean Tech jobs

Nancy Pfund and Michael Lazar

Clean tech may mean a debate in Wash­ing­ton, but it means jobs every­where else. Wash­ing­ton D.C. may be the national capi­tol of the United States, but the polit­i­cal dis­cus­sions there often …
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What Would Jefferson Do?

The Historical Role of Federal Subsidies in Shaping America's Energy Future

Nancy Pfund and Ben Healey

This paper frames the ongo­ing debate about the appro­pri­ate size and scope of fed­eral sub­si­dies to the energy sec­tor within the rich his­tor­i­cal con­text of U.S. energy tran­si­tions, in order …
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DBL Newsletter Fall 2013

Wel­come to the lat­est edi­tion of  the DBL Investors’ newslet­ter. DBL’s port­fo­lio of com­pa­nies con­tin­ues to grow as we work with them to meet our dual objec­tives of achiev­ing top-​​​​tier ven­ture cap­i­tal …
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DBL Newsletter Summer 2013

Wel­come to the lat­est edi­tion of the DBL Investors’ newslet­ter. DBL’s port­fo­lio of com­pa­nies con­tin­ues to grow with two new invest­ments and new busi­ness devel­op­ments and job cre­ation num­bers across …
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DBL Newsletter Spring 2013

Wel­come to the lat­est edi­tion of  the DBL Investors’ newslet­ter. DBL’s port­fo­lio of com­pa­nies con­tin­ues to grow as we work with them to meet our dual objec­tives of achiev­ing top-​​​​tier ven­ture cap­i­tal …
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DBL Newsletter: Winter 2012

As 2012 comes to a close, we reflect on devel­op­ments in our port­fo­lio and our broader com­mu­nity of impact invest­ing. We thank you for your con­tin­ued sup­port as we nur­ture …
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DBL Newsletter Summer 2012

2012 has been an event­ful year so far led by sev­eral high pro­file devel­op­ments in our port­fo­lio and our broader DBL world. In this issue, we recount the suc­cesses and …
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