Home Framework IFC Transfers its Global Impact Investing Framework to the Global Impact Investing Network

IFC Transfers its Global Impact Investing Framework to the Global Impact Investing Network


A global framework for integrating impact into investments will now be hosted by the Global Impact Investing Network, following a transfer agreement with the International Finance Corporation, the organizations announced in a joint statement on Friday.

IFC, part of the World Bank Group, is the world’s largest development institution focused on the private sector in emerging markets.

Signatories to the Operating Principles for Impact Management, including Neuberger Berman, Albright Capital Management and A$2 billion ($1.3 billion) pension fund Christian Super, Sydney, have approved the transfer of the secretariat which should be completed by the end of the year.

The Impact Principles Framework now has 163 signatories in 38 countries with a total of $470 billion in impact assets. “Now is the time for Secretariat hosting to get closer to the market, and the GIIN offers this increased proximity to hundreds of market participants around the world,” said Susan Lund, IFC Vice President for economy and private sector development, in the communiqué. .

The framework aims to ensure that impact considerations are integrated throughout the life cycle of an investment and has become a market standard for impact investors. The transfer to the GIIN “is an important signal of the growing cohesion of the impact investing industry that the GIIN has always strived to foster,” said Amit Bouri, co-founder and CEO of GIIN, in the communicated.

“We believe that impact investors and signatories to the Impact Principles will benefit from having the generally accepted impact frameworks, methodologies and benchmarks in one place.”

The original arrangement of running them through an independent secretariat will continue and operations will remain unchanged, the organizations said.

“As demand for impact investing offerings soar and regulation emerges, growing alignment around industry standards will ensure much-needed investment capital is directed towards scaling up the most effective and deliver the strongest results to address our world’s most pressing challenges,” said Bouri.