60 global asset managers support new standard for impact investments

The new standards are launched by World Bank arm and aim to create greater transparency in the growing market for investments that aim to generate a financial return alongside a measurable contribution to society.

A coalition of 60 asset managers and institutional investors has signed up for a new industry standard that will determine which investments can be characterized as impactful. The initiative aims to accelerate the allocation of capital toward these investments that have a purpose to deliver positive benefits to society in addition to a financial return, according to Financial Times.

An absence of globally accepted definitions has, at least so far, hindered efforts to encourage greater allocation to impact investments. It is the International Finance Cooperation (IFC) – which is an arm of the World Bank – that has created the new framework of nine principles designed to increase transparency and comparability.

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