Mon, Oct 21, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

IFC adds signatories to its principles for impact investing

Monday, September 30, 2019
Opalesque Industry Update - The Secretariat for the Operating Principles for Impact Management today announced that 18 more organizations have adopted the Operating Principles for Impact Management-a new set of standards for impact investing. With these new Signatories, the total number is 76.

The Principles bring discipline and transparency to the impact investing market. They ensure that impact considerations are integrated throughout the investment process, requiring signatories to focus on both impact and financial performance at all stages of the investment cycle. The International Finance Corporation (IFC), a member of the World Bank Group, worked together with a core a group of impact investors - asset owners, asset managers, wealth managers, and development finance institutions - to develop the Principles, which were launched in April 2019.

Impact investing is gaining prominence because investors are increasingly seeking investments that deliver a positive impact on society, along with a positive financial return. That means additional capital could be devoted to the world's most urgent challenges, such as tackling poverty, building infrastructure, or providing access to clean water and power.

The current size of the impact investing market is relatively small, at around $800 billion, but estimates are that the potential market could be as high as $26 trillion.

"Signatories are working to bring about greater transparency in the impact investing market," says Diane Damskey, Head of the Secretariat for the Operating Principles for Impact Management. "Investors, with access to increased public disclosures on how the investments are being managed, will be able to compare their approaches and benchmark them against emerging best practices. In time, we hope more investors will join these investors in adopting the Principles."

The following is the list of new Signatories since the launch of the Principles in April 2019: Albright Capital Management LLC, Christian Super, Denham International Power GPLP SCSp, Development Partners International LLC, Egyptian-American Enterprise Fund, Finance in Motion, FullCycle, INOKS Capital SA, Investing for Development SICAV, Japan International Cooperation Agency, Neuberger Berman, Origin Capital, Sarona Asset Management Inc., Symbiotics S.A., The Osiris Group, Triple Jump, UOB Venture Management Private Limited, and VentureWave Capital Ltd. The 76 Signatories are spread out across 26 countries.

The Principles are governed by a secretariat and advisory board. The secretariat supports the promotion and adoption of the principles while the board advises the secretariat on the implementation and evolution of the principles.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. These hedge funds do better. So why can't they raise more money?[more]

    From Institutional Investor: It's an enduring paradox: hedge funds run by women and minorities outperform their peers - but run less money. Evidence continues to mount that the money investors allocate to minority- and women-controlled hedge funds stands a better than even chance of outperformi

  2. Tech: Quantum computing may be closer than expected with 'game changer' discovery[more]

    From Inverse: While quantum computing has long been an exciting notion for scientists and the public alike, the realization of these technologists has long been on hold. But researchers from the Johns Hopkins University have discovered a material that might just fast-track the creation of these, unt

  3. PE/VC: Private-equity deals depress worker wages, study finds, Thoma Bravo to buy Sophos for $3.9bn, Unicorn valuations are fit to burst, warn investors[more]

    Private-equity deals depress worker wages, study finds From Market Watch: Private-equity deals result in worse pay for workers, and, depending on whether the buyout target was public or not, fewer jobs, according to a newly published study. The study of some 6,000 private-equity de

  4. Tech: When AI invests in AI[more]

    From Forbes: The title of this article might sound farfetched to many readers, but keen students of artificial intelligence (AI) know that this is no longer very far away. Since the advent of computers, capital markets have always been at the forefront of technology. Yes, that's right. You may be wo

  5. Institutional investors in Canada, U.S., and the U.K are warming to responsible investing, says a survey[more]

    Laxman Pai, Opalesque Asia: The use of environmental, social and governance (ESG) principles by institutional investors in Canada, the US, and the UK is rising according to a new survey. RBC Global Asset Management (RBC GAM)'s annual survey on responsible investing trends found that more