Social Impact Investment Taskforce takes shape at SOCAP
Friday, September 6, 2013
SAN FRANCISCO (Thomson Reuters Foundation) – A global consortium of leading social finance experts was formally announced on Wednesday as part of a commitment made by the Group of Eight Social Impact Investment Forum earlier this year.
The G8 Social Impact Investment Forum last June announced the establishment of the Social Impact Investment Taskforce to help foster a social investment market, defined as buying into companies that aim to achieve a measurable social or environmental impact as well as a financial return.
The taskforce aims to report on a policy framework within about 12 months that would allow a standardised approach for impact investments to measure social outcomes and methods for foundations, institutions, and private investors to invest.