Fifteen years ago, An Inconvenient Truth sent a wake-up call to the world. The documentary featured Al Gore, former US vice-president, and shone a light on the climate crisis facing the planet. It had a huge effect on public awareness of global warming and helped spur the surge in sustainable investing, and what might be called the “ESG industry” as it exists today.

Today the City of London Corporation will host the Finance for Impact Summit alongside its partners the Impact Investing Institute (III) and KPMG, at which financial services firms with more than £3.6 trillion of assets and assets under management will announce their participation in a Just Transition Finance Challenge. Also launched during the event will be a new industry-led set of recommendations for scaling finance that delivers positive and measurable impact across the financial services sector.

At the Impact Investing Institute, we aim to transform capital markets to make them fairer and work better for people and the planet. In this, our second impact report, we reflect on the achievements we have made so far and look ahead, outlining our priorities for the future.

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