Finance for Tomorrow launched in March 2021 a Paris Financial Centre Task force dedicated to Impact Finance at the request of Minister Olivia Grégoire, Secretary of State in charge of the Social, Solidarity and Responsible Economy to the Minister of the Economy, Finance and Recovery.
It now gathers more than 80 institutions from the Paris financial centre within four working groups focusing on (i) the definition, (ii) the measure, (iii) the conditions for development and removal of barriers, and (iv) the international promotion of the French vision of Impact Finance.
Pledge for the development of Impact Finance
The Paris Financial Centre Task force dedicated to Impact Finance worked on the development of a pledge for the development of Impact Finance. This declaration aims to massively strengthen the contribution of the financial sector to the achievement of the international sustainable development goals and is based on three principles to be implemented in order to scale up Impact Finance: the implementation of a structured and demanding definition of Impact Finance ; the promotion of an upstanding impact approach ; a clear and transparent communication as well as the appropriate measurement and reporting tools ; and the integration of Impact Finance into regulatory and market frameworks.
More than 90 organizations committed to support the development of impact finance by signing the pledge
The joint search, over time, for an ecological and social performance and a financial return, while controlling the occurrence of negative externalities.
The adoption of a clear and transparent methodology describing the causal mechanisms through which the strategy contributes to the targeted environmental and social objectives, the relevant period of investment or financing, as well as the measurement methods – according to the concept of theory of change.
The achievement of environmental and social objectives aligned with frameworks of reference, in particular the Sustainable Development Goals, defined at the international, national and local levels.
the definition of Impact Finance
Impact Finance is an investment or financing strategy that aims to accelerate the just and sustainable transformation of the real economy, by providing evidence of its beneficial effects.
It is based on the pillars of intentionality, additionality and impact measurement, to demonstrate :
DISCOVER THE WORK DONE BY THE PARIS FINANCIAL CENTRE IMPACT TASK FORCE DEDICATED TO IMPACT FINANCE