Forbes: To Invest For Impact, We Need To Start By Agreeing What ‘Impact’ Means
In her fourth Forbes blog post, Michele Giddens argues that one of the biggest barriers to the growth of impact investing is the lack of consensus about what ‘impact’ actually means.
So it’s significant that over the last two years, the Impact Management Project (IMP) has managed to bring together around 2,000 organisations from around the world – 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 – to reach a consensus on how we should analyse and articulate impact.
Michele also discusses the next phase of the project, which will aim to embed these shared fundamentals into sector-wide standards and benchmarks.
Read the blog post here.
Watch out for more developments from the IMP here.