Will impact investing save our souls?
Social impact investing has come to the fore in the debate about financial markets and how they can more responsibly serve the sustainable development of society. The Impact Investing Task Force of the G8 identified impact investing as a possible means of overcoming major societal challenges at national level, dealing with the aftermath of the global financial crisis and addressing global social disparities.
The emergence of impact investing has set in motion actors along the entire social action chain, from philanthropists to charities, foundations, social sector organisations, NGOs, public sector actors, social sector financial intermediaries and asset managers and, last but not least, the emerging community of social enterprises.
The question of what precisely is to be understood by social impact investing is no longer at the heart of the debate among those various stakeholders, even if differences in the definition of this market space continue to exist. Consensus has emerged that social impact investing seeks to realise concrete societal objectives and requires transparency and accountability from the various actors along the social value creation chain.
Performance magazine issue 17, May 2015
Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.