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Date: 2024-05-18 Page is: DBtxt003.php txt00016555

Impact Incvesting
IFC (World Bank Group) initiative

Operating Principles for Impact Management

Burgess COMMENTARY

Peter Burgess
Operating Principles for Impact Management

Impact investing has emerged as a significant opportunity to mobilize both public and private capital into investments that target measurable positive social, economic or environmental impact alongside financial returns. A growing number of investors are incorporating impact investments into portfolios. Many are adopting the Sustainable Development Goals (SDGs), and other widely recognized goals such as COP21 as a reference point to illustrate the relationship between their investments and impact goals.

The question for many investors is how to grow the level of investments targeting impact. Despite the increased interest in and number of product launches claiming to be impact investments, there is no common discipline for how to manage investments for impact and the systems needed to support this. This has created complexity and confusion for investors, as well as a lack of clear distinction between impact investing and other forms of responsible investing.

To address this challenge, IFC, in consultation with a core group of external stakeholders—impact asset managers, asset owners and industry associations—developed draft Operating Principles for Impact Management. The objective is to establish a common discipline and market consensus around the management of investments for impact and help shape and develop this nascent market.

IFC sought reviews of the draft Principles from stakeholders—investors, companies, academics, civil society and governments—from October to December 2018. The Principles have been finalized and officially launched on April 12, 2019 at the World Bank Group-IMF Spring Meetings in Washington, DC.

SIGNATORIES
  • IFC
  • Actis
  • Acumen Capital Partners
  • AlphaMundi Group
  • Amundi
  • AXA Investment Managers
  • Belgian Investment Company for Developing Countries (BIO)
  • Blue like an Orange Sustainable Capital
  • BlueOrchard Finance
  • BNP Paribas Asset Management
  • Calvert Impact Capital
  • Capria Ventures
  • Cardano Development (ILX Fund and TCX)
  • CDC Group
  • CDP – Cassa Depositi e Prestiti
  • COFIDES
  • Community Investment Management (CIM)
  • Cordiant Capital
  • Credit Suisse
  • DEG – Deutsche Entwicklungsund Investitionsgesellschaft mbH
  • Development Bank of Latin America (CAF)
  • European Bank for Reconstruction and Development (EBRD)
  • European Development Finance Institutions (EDFI)
  • European Investment Bank (EIB)
  • FinDev Canada
  • Finnfund
  • Flat World Partners
  • FMO – the Netherlands Development Finance Company
  • IDB Invest, Member of the Inter-American Development Bank Group
  • IFC Asset Management Company (AMC)
  • IFU – Investment Fund for Developing Countries
  • Incofin Investment Management
  • Investisseurs & Partenaires – I&P
  • Islamic Corporation for the Development of the Private Sector (ICD, Member of IsDB Group)
  • Kohlberg Kravis Roberts & Co.
  • LeapFrog Investments
  • LGT Impact
  • LGT Venture Philanthropy
  • MicroVest Capital Management
  • Norfund
  • Nuveen
  • Obviam
  • Oesterreichische Entwicklungsbank AG (OeEB)
  • Overseas Private Investment Corporation (OPIC)
  • Partners Group
  • Phatisa
  • Proparco
  • Prudential Financial
  • responsibility
  • STOA Infra & Energy
  • Swedfund
  • Swiss Infestment Fund for Emerging Markets (SIFEM)
  • The Rise Fund
  • The Rock Creek Group
  • UBS
  • Water.org
  • WaterEquity
  • Zurich Insurance Group
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