Governments must do more to grow impact investing – G8 taskforce chair Cohen
Monday, September 8, 2014
SAN FRANCISCO, Sept 4 (Thomson Reuters Foundation) – Governments need to create policies that help to accelerate the growth of investing for profit and social good, the head of a task force set up by the world’s richest nations to boost impact investing said.
Sir Ronald Cohen, chair of the G8 Social Impact Investment Task Force, said the group’s first report, due out on Sept. 15, will make eight high-level recommendations aimed at boosting the market in impact investing, which generates measurable social or environmental benefits alongside financial returns.
“We’re in a world where there is huge latent demand on the part of entrepreneurs, there is huge latent demand on the part of investors, you see a lot of socially responsible investment already,” he told Thomson Reuters Foundation in an interview. “What we haven’t had are the financial instruments and the legislation to enable this to take off.”