There’s no doubt in my mind that one of the biggest barriers to the growth of impact investing is the lack of consensus about what ‘impact’ actually means. If you’re a big investor looking to commit your money to investments that are making a positive difference, how can you be sure that everyone involved in the process shares your understanding of what you’re trying to achieve?
The good news is that people in the sector realise this uncertainty is a threat to future growth – and are coming together to find a better way forward. One promising example of this is the Impact Management Project, an initiative involving some 1,500 stakeholders from across the field – from giant wealth managers like BlackRock and UBS, to pension funds like PGGM, to foundations like Omidyar and Ford, to large corporates like Mars, to policy-makers, intermediaries and entrepreneurs (and facilitated by Impact+, our advisory arm).
Read the full article by Michele Giddens, partner at Bridges Fund Management, the specialist sustainable and impact investor,