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Alternative Market Briefing

Albright Capital builds on emerging markets impact strategy, signs on to IFC principles

Tuesday, September 10, 2019

Bailey McCann, Opalesque New York:

Albright Capital has adopted the International Finance Corporation's Operating Principles for Impact Management. The firm has also developed its own impact measurement system as part of the implementation of the principles.

The IFC's principles were finalized and officially launched on April 12, 2019, at the World Bank Group-IMF Spring Meetings in Washington, DC. IFC worked with a group of the world's leading impact investors, including asset owners, fund managers, investment banks, and development finance institutions to develop the Principles. Since then, the firm has been working with investors to adopt the framework in an effort to build more standardization into the impact investing space. Neuberger Berman, the Japan International Cooperation Agency, and Origin Capital are among the other firms that have signed on to use the principles to date.

The principles require signatories to assess and monitor not only their financial returns, but the progress of their investments in achieving impact. Signatories commit also to independent verification of their impact systems, which provides greater transparency on how impact funds are managed. The framework helps to analyze and balance factors that can contribute to advancing the UN Sustainable Development Goals. The SDGs provide several targets for impact investing including improvements to gender equality, or access to renewable energy and clean water.

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