The Principles describe the essential features of managing investment funds with the intent to contribute to measurable positive social, economic, or environmental impact,10 alongside financial returns. This goes beyond asset selection that aligns investment portfolios with impact goals (for example, the SDGs), to requiring a robust investment thesis of how the investment contributes to the achievement of impact... The Principles have been designed from the perspective of an end-to-end process. The fve elements of this process are: strategy, origination and structuring, portfolio management, exit, and independent verifcation. The nine Principles that fall under these fve main elements are the key building blocks for a robust impact management system. As such, they aim to ensure that impact considerations are integrated into investment decisions throughout the investment lifecycle... The Principles were developed by the International Finance Corporation (IFC), drawing on its own impact management practices, and consulting with a range of asset owners, asset managers, asset allocators, multilateral development banks (MDBs), and development fnance institutions (DFIs).