ALTERcapital
ALTERcapital
ALTERcapital
Investors have the potential to direct capital toward a flourishing world.
Investors have the potential to direct capital toward a flourishing world.
Investors have the potential to direct capital toward a flourishing world.
Alter Capital offers a framework that assesses companies on their contribution to human flourishing.
Alter Capital offers a framework that assesses companies on their contribution to human flourishing.

Why it matters
Why it matters
Capital is never neutral.
It catalyzes change.
Capital is never neutral.
It catalyzes change.
Capital is never neutral.
It catalyzes change.
How capital is invested shapes the conditions people live in: their health, connections, voice, livelihoods, and the world around them.
How capital is invested shapes the conditions people live in: their health, connections, voice, livelihoods, and the world around them.


Human flourishing
Human flourishing
What is Human Flourishing?
What is Human Flourishing?
What is Human Flourishing?
Human flourishing is the condition of both living well and doing well.
It is a life, and a world, where people can express their capabilities, build meaningful connections, and take part in systems that support life.
Human flourishing is the condition of both living well and doing well.
It is a life, and a world, where people can express their capabilities, build meaningful connections, and take part in systems that support life.
The Human flourishing framework
The Human flourishing framework
Five principal ends. Eleven indicators.
Five principal ends. Eleven indicators.
Five principal ends. Eleven indicators.
Our proprietary framework scores companies on whether their activities, products and services strengthen or weaken human capacity to flourish.
The five ends describe the conditions of a flourishing life:
connection, expression, material stability, safety, and health.
Our proprietary framework scores companies on whether their activities, products and services strengthen or weaken human capacity to flourish.
The five ends describe the conditions of a flourishing life: connection, expression, material stability, safety, and health.
CONNECTION & AFFILIATION
CONNECTION & AFFILIATION
CONNECTION & AFFILIATION
EXPRESSION &
AGENCY
EXPRESSION &
AGENCY
EXPRESSION &
AGENCY
Civic & Social Fabric
Civic & Social Fabric
Civic & Social Fabric
Community Impact
Community Impact
Community Impact
Global Inclusion
Global Inclusion
Global Inclusion
Durable Solutions
Durable Solutions
Durable Solutions
Worker Protection
Worker Protection
Worker Protection
Environmental
Stewardship
Environmental
Stewardship
Environmental
Stewardship
Cities &
Infrastructure
Cities &
Infrastructure
Cities &
Infrastructure
Mental & Physical Health
Mental & Physical Health
Mental & Physical Health
Equitable Voices
Equitable Voices
Equitable Voices
Access to Education
Access to Education
Access to Education
Tech Ethics &
Data Sovereignty
Tech Ethics &
Data Sovereignty
Tech Ethics &
Data Sovereignty
dignity
dignity
dignity
Indicator within one end
Indicator within one end
Indicator within one end
Indicator reaching across ends
Indicator reaching across ends
Indicator reaching across ends
MATERIAL
STABILITY
MATERIAL
STABILITY
MATERIAL
STABILITY
A SAFE &
HABITABLE WORLD
A SAFE &
HABITABLE WORLD
A SAFE &
HABITABLE WORLD
PHYSICAL &
MENTAL HEALTH
PHYSICAL &
MENTAL HEALTH
PHYSICAL &
MENTAL HEALTH
Companies are evaluated on their contribution to human flourishing through Alter Capital’s 11 indicators.
Companies are evaluated on their contribution to human flourishing through Alter Capital’s 11 indicators.
Companies are evaluated on their contribution to human flourishing through Alter Capital’s 11 indicators.
How the Framework Works
How the Framework Works
Three steps.
Three steps.
Three steps.
01
01
The dignity floor
The dignity floor
Companies involved in activities that diminish human dignity are excluded from further evaluation.
Companies involved in activities that diminish human dignity are excluded from further evaluation.
Passes the floor
Falls below the floor
02
02
Flourishing evaluation
Flourishing evaluation
Each company above the floor receives a flourishing score, based on 11 evidence-based indicators.
Each company above the floor receives a flourishing score, based on 11 evidence-based indicators.
Meets the benchmark
Falls short
03
03
Investable pool
Investable pool
Companies that meet Alter’s flourishing benchmark are then assessed on financial quality: strong profitability and healthy cash flow.
Companies that meet Alter’s flourishing benchmark are then assessed on financial quality: strong profitability and healthy cash flow.
Admitted to the pool
Foundations
Foundations
Grounded in philosophy, economics and the science of human flourishing.
Grounded in philosophy, economics and the science of human flourishing.
Grounded in philosophy, economics and the science of human flourishing.
Global Flourishing Study
Global Flourishing Study
Harvard, Baylor and Gallup
Harvard, Baylor and Gallup
Amartya Sen
Amartya Sen
The Capability Approach
The Capability Approach
United Nations
United Nations
The Sustainable Development Goals
The Sustainable Development Goals
Aristotle
Eudaimonia: flourishing as the aim of a good life
Eudaimonia: flourishing as the aim of a good life
Working with Alter Capital
Working with Alter Capital
Services
Services
Services
Framework licensing
Framework licensing
Apply the framework across investment portfolios, endowments, and institutions.
Apply the framework across investment portfolios, endowments, and institutions.
Apply the framework across investment portfolios, endowments, and institutions.
Screening and research
Screening and research
Independent assessment of public companies against the Human Flourishing Framework.
Independent assessment of public companies against the Human Flourishing Framework.
Independent assessment of public companies against the Human Flourishing Framework.
Strategic advisory
Strategic advisory
Guidance on building human flourishing into investment policy, governance, and reporting.
Guidance on building human flourishing into investment policy, governance, and reporting.
Guidance on building human flourishing into investment policy, governance, and reporting.

About Alter Capital
About Alter Capital
Alter Capital helps investors deploy capital guided by the pursuit of human flourishing.
Alter Capital helps investors deploy capital guided by the pursuit of human flourishing.
Alter Capital helps investors deploy capital guided by the pursuit of human flourishing.
Most investors do not intend to fund harm. They have not had a tool to avoid it.
Alter Capital develops the framework, assesses companies against it, and advises individuals or institutions who want to apply it.
Most investors do not intend to fund harm. They have not had a tool to avoid it.
Alter Capital develops the framework, assesses companies against it, and advises individuals or institutions who want to apply it.
Most investors do not intend to fund harm. They have not had a tool to avoid it.
Alter Capital develops the framework, assesses companies against it, and advises individuals or institutions who want to apply it.

Consider what your capital enables.
To align your capital with your values, start a conversation about screening, framework licensing, or advisory.
Start a conversation

Consider what your capital enables.
To align your capital with your values, start a conversation about screening, framework licensing, or advisory.
Start a conversation

Consider what your capital enables.
To align your capital with your values, start a conversation about screening, framework licensing, or advisory.
Start a conversation
ALTERcapital
ALTERcapital
Directing capital towards human flourishing.
Alter Capital provides research, frameworks, and advisory on human flourishing. It does not provide investment advice.
Alter Capital is not paid by the companies it assesses.
Alter Capital provides research, frameworks, and advisory on human flourishing. It does not provide investment advice.
Alter Capital is not paid by the companies it assesses.
Alter Capital Ltd · Registered in England and Wales · Company no. 17490981 · Photography © Alter Capital
Alter Capital Ltd · Registered in England and Wales · Company no. 17490981