Our Goal

The world needs capital at scale to achieve its climate and sustainable development objectives. This need is particularly acute in developing countries, where the Covid-19 pandemic has further exacerbated the existing $2.5 trillion annual funding shortfall to meet the Sustainable Development Goals (SDGs) by 2030. 

While the impact investing market has been growing rapidly, with impact assets under management reaching $700 billion in 2019, even more capital needs to be mobilised to stimulate recovery from the COVID-19 crisis and drive fairer and more sustainable economies in the long term.

Working with our partners in the G7 and across the globe, particularly in developing countries, we want to propose practical solutions to harness private capital at scale for public good in order to facilitate a sustainable and inclusive recovery from the COVID-19 crisis and promote impact-driven economies and societies in the long term.

What we are doing to achieve it

In partnership with the Global Steering Group for impact investment (GSG), we co-led the G7 Impact Taskforce, an independent, industry-led effort backed by the UK Government as part of the UK presidency of the G7 in 2021. The mandate of the Impact Taskforce was to contribute to a sustainable and inclusive recovery from the COVID-19 crisis and, more broadly, to help drive a sustainable, impact-driven global economy.  

The Impact Taskforce comprised members from G7 member countries, non-G7 countries and developing countries, as well as independent experts from the private sector – including asset managers, asset owners and corporates. The Taskforce also included representatives from international organisations, academia, and civil society. A full list of the Taskforce members is available here.

The Impact Taskforce was chaired by the Right Honourable Nick Hurd, former UK MP and Minister, and Chair of the Access Foundation for Social Investment.

We led one of the two workstreams of the Impact Taskforce, namely the Instruments and Policies to Scale Impact Investment Workstream. The objective of the workstream was to showcase implementable financing structures and produce a blueprint for Just Transition financing vehicles that can attract financing at scale (including from pension fund investors) to deliver an inclusive and socially beneficial transition to net-zero in developing countries, with a focus on Sub-Saharan Africa. The workstream was chaired by Dame Elizabeth Corley, Chair of the Impact Investing Institute, and comprised a Technical Working Group and an Advisory Panel. Secretariat support was provided by the Impact Investing Institute.

The Instruments and Policies Workstream was complemented by a second workstream on Impact Reporting, Integrity and Transparency, which was led by the GSG. This workstream focused on fostering and facilitating discussions and recommendations for G7 governments and industry around impact transparency, integrity, and trust. This workstream was chaired by Douglas L. Peterson, President & CEO of S&P Global, with secretariat support from the GSG.

Both workstreams of the Impact Taskforce produced technical documents and recommendations that were shared under the UK´s G7 Presidency with Foreign Affairs and Development Ministers, standard setters, and the financial services industry in December 2021.  

You can find the Impact Taskforce’s report “Time to deliver: Mobilising private capital at scale for people and planet” and Workstream A’s report “Financing a better world requires impact transparency, integrity and harmonisation” here and both our full report and Summary Report below.


Mobilising institutional capital towards the SDGs and a Just Transition

Download here

Mobilising institutional capital towards the SDGs and a Just Transition (Summary Report)

Download here

Instruments and Policies to Scale Impact Investment Workstream of the G7 Impact Taskforce

Chair of the Workstream – Dame Elizabeth Corley

Chair, Impact Investing Institute
Laurie Spengler

Special Advisor and Technical Lead – Laurie Spengler

Founder & CEO, Courageous Capital Advisors, LLC and Board Member & Lead Expert, Impact Investing Institute

Technical Working Group

Advisory Panel

The full list of Advisory Panel members is available here.

We are grateful to the UK Government’s Foreign, Commonwealth and Development Office (through the FCDO Impact Programme), BNP Paribas and the EQT Foundation for their financial support of the Impact Taskforce.

Publications

In 2017, Dame Elizabeth Corley, Chair of the Impact Investing Institute, convened the first meeting of the Taskforce for Growing a Culture of Social Impact Investing in the UK. Since then, the impact investing market has developed significantly – but until now there has not been an estimate of the size of the UK market in its totality. Our report, “Estimating and describing the UK impact investing market”, published in partnership with EY and supported by the Department for Digital, Media, Culture and Sport and Big Society Capital, sets out to change this.

In partnership with the Global Steering Group for Impact Investment (GSG), we co-led the G7 Impact Taskforce, an independent, industry-led effort backed by the UK Government as part of the UK presidency of the G7 in 2021. Workstream B, the Workstream led by the Impact Investing Institute, had a particular focus on identifying concrete instruments and policies for financing the Sustainable Development Goals (SDGs) and a transition to a Net Zero world in which no one is left behind.

News & Views

We warmly welcome HM Treasury’s launch of the UK Transition Plan Taskforce and look forward to working as part of the Taskforce’s Delivery Group to develop the gold standard for UK companies’ climate transition plans. 

All war, wherever in the world it takes place, imposes huge costs and suffering, particularly on civilians. At this time, the Impact Investing Institute shares the world’s horror at the events unfolding in Ukraine and the suffering the invasion by Russia’s armed forces has brought to everybody in Ukraine.

The Impact Taskforce, the independent, industry-led taskforce supported by the G7 Presidency, has released its recommendations aimed at financing a Just Transition to a climate-secure future for all. The recommendations are focused on transforming the quality and transparency of information on the impact of investment decisions and deploying financing, especially in emerging markets, that delivers positive social and environmental impact.

Events

Upcoming research by MOBILIST and Intellidex has highlighted a growing tension between ESG investment strategies and flows to emerging and frontier markets….