60 Investors Adopt IFC New Principles For Impact Investment

IFC #investors4impact Launch Event

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International Finance Corporation (IFC), a member of the World Bank Group, today announced the global launch of Operating Principle For Impact Management. The event attended by CEOs of global investment firms is an initiative to grow the market and enhance encourage investment in priority development needs.

the programme is a standard designed to encourage principled investment that has measurable impacts on society.

The principle was developed in collaboration with asset managers, asset owners, asset allocators, development banks, and financial institutions.

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According to a statement released by International Finance Corporation (IFC), 60 investors who currently hold over $350 million in investments Adopted The Principles. With commitment to ensure their future investments also comply with the principles.

IFC’s aim with the principles is to achieve measurable development impact while generating solid financial returns for investors. This is done by incorporating impact considerations into all phases of the investment lifecycle, which aligns investment portfolios with Social, Economic, Or Environmental impact goals, using best practices that ensure transparency and credibility.

“We believe there is now potential to bring impact investing into the mainstream,” said IFC CEO Philippe Le Houérou. “Our ambitions are very high – we want much more money managed for impact because there’s no time to lose to deliver on the billions to trillions agenda.”

IFC made a bold claim of delivering “more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. In 2018,

The principle encourages socially responsible investment in emerging markets where growth is tied to the development of critical infrastructures.

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The list of first adopters of the Operating Principles for Impact Management, include;

  1. IFC
  2. Actis
  3. Acumen Capital Partners
  4. AlphaMundi Group
  5. Amundi
  6. AXA Investment Managers
  7. Baiterek National Managing Holding JSC
  8. Belgian Investment Company for Developing Countries (BIO)
  9. Blue like an Orange Sustainable Capital
  10. BlueOrchard Finance Ltd.
  11. BNP Paribas Asset Management
  12. Calvert Impact Capital
  13. Capria Ventures
  14. Cardano Development B.V. (ILX fund and TCX)
  15. CDC Group plc.
  16. CDP – Cassa Depositi e Prestiti
  17. COFIDES
  18. Community Investment Management (CIM)
  19. Cordiant Capital
  20. Credit Suisse
  21. DEG – Deutsche Entwicklungs- und Investitionsgesellschaft mbH
  22. Development Bank of Latin America (CAF)
  23. European Bank for Reconstruction and Development (EBRD)
  24. European Development Finance Institutions (EDFI)
  25. European Investment Bank (EIB)
  26. FinDev Canada
  27. Finnfund
  28. Flat World Partners
  29. FMO – the Netherlands Development Finance Company
  30. IDB Invest, Member of the Inter-American Development Bank Group
  31. IFC Asset Management Company (AMC)
  32. IFU – Investment Fund for Developing Countries
  33. Incofin Investment Management
  34. Investisseurs & Partenaires – I&P
  35. Islamic Corporation for the Development of the Private Sector, Member of IsDB Group
  36. Kohlberg Kravis Roberts & Co. L.P.
  37. LeapFrog Investments
  38. LGT Impact
  39. LGT Venture Philanthropy
  40. MicroVest Capital Management
  41. Multilateral Investment Guarantee Agency (MIGA)
  42. Norfund
  43. Nuveen
  44. Obviam
  45. Oesterreichische Entwicklungsbank AG (OeEB)
  46. Overseas Private Investment Corporation (OPIC)
  47. Partners Group
  48. Phatisa
  49. Proparco
  50. Prudential Financial Inc.
  51. responsAbility
  52. STOA Infra & Energy
  53. Swedfund
  54. Swiss Infestment Fund for Emerging Markets (SIFEM)
  55. The Rise Fund
  56. The Rock Creek Group
  57. UBS
  58. Water.org
  59. WaterEquity
  60. Zurich Insurance Group Ltd.

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