NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Wednesday, May 1, 2019

By Hazel Bradford

Impact investing may be poised to go mainstream, thanks to new operating principles aimed at creating a common market standard for investors.

Development of the Operating Principles for Impact Management was led by the International Finance Corp., a member of the World Bank Group, in collaboration with asset managers, asset owners, development banks and other financial institutions involved in impact investing. As the largest global development institution focused on the private sector in emerging markets, IFC delivered more than $23 billion in long-term financing for developing countries in 2018.

The principles’ spring debut got a strong boost from 60 early adopters with a collective $350 billion in assets invested for impact, including AXA Investment Managers, BNP Paribas Asset Management, Calvert Impact Capital, Credit Suisse, KKR & Co. Inc., Nuveen and Prudential Financial Inc.

Photo courtesy of reynermedia.