Ensuring That The Trillions Have Impact: New Global Minimum Standards For Credible Impact Investing
Wednesday, October 17, 2018
By Bhakti Mirchandani
The International Finance Corp (IFC) set global minimum standards for credible impact investing today at the annual meetings of the International Monetary Fund (IMF) and the World Bank Group in Bali, Indonesia by releasing a draft of its Operating Principles for Impact Management.
Impact investing, or investing with the goal of environmental and social impact in addition to financial return, is growing rapidly. The Global Impact Investing Network’s most recent estimate for the minimum size of the impact investing market doubled to $228 billion in assets under management (AUM), up from $114 billion a year earlier. Investors ranging from public pensions to private equity firms are increasingly including impact investments as part of their asset mix.
Photo courtesy of reynermedia.