International Finance Corporation launches draft impact investment operating principles for consultation
Investors are increasingly incorporating impact investments – investments with the intent to contribute to measurable positive social, economic, or environment impact – into their portfolios. Despite this increased interest, to date there has been no common discipline for how to manage investments for impact and the systems needed to support this.
To address this challenge, IFC is developing the Investing for Impact: Operating Principles for Impact Management, with the objective of establishing a market consensus around the management of investments for impact and to help shape and develop this nascent market. IFC is inviting additional reviews from stakeholders – investors, companies, academics, civil society and governments – through the end of December 2018 after which the Principles will be available for investors to sign.
The following organizations and individuals participated in the development of the Principles: Actis, Avanz Capital, Bridges Fund Management, CDC Group, Credit Suisse Group AG, European Bank for Reconstruction and Development (EBRD), Inter-American Development Bank Group, Investisseurs & Partenaires-I&P, LeapFrog Investments, Nuveen, a TIAA company, Overseas Private Investment Corporation (OPIC), Partners Group, RockCreek, Société Générale, The Rise Fund, and Simon Smiles and James Purcell (UBS). The following organizations and individuals were consulted during the development of the draft principles: Global Wealth Investment Management, Bank of America, Damian Payiatakis (Barclays), and FMO.