News and Updates
Last week, the Coalition on Inclusive Economic Growth wrote a letter to the Department of Commerce sharing support for the establishment of the Business Diversity Principles Initiative (“BDP Initiative”).
The 60+ members of the Coalition, co-led by the U.S. Impact Investing Alliance and B Lab, represent businesses, investors, and nonprofits, all of whom see the BDP Initiative as a step forward in advancing a more equitable economic landscape.
The U.S. Impact Investing Alliance responded to the “Consultation on Agenda Priorities” issued by the International Sustainability Standards Board (ISSB). The body, which helps set standards on sustainability-related accounting issues for more than 140 jurisdictions worldwide, released inaugural standards on General Sustainability and Climate-Related Disclosure by companies in June 2023. The latest consultation sought to understand the priorities of investors, business leaders and other stakeholders in determining ISSB’s work plan for the next two years.
U.S. Impact Investing Alliance celebrates new appointment for the key group of philanthropic leaders dedicated to practicing and promoting impact investing
The Presidents’ Council on Impact Investing (Presidents’ Council) announced the appointment of Tonya Allen, President of the McKnight Foundation, as its newest Co-Chair.
Read the full press release.
The U.S. Impact Investing Alliance (“Alliance”), an organization dedicated to building the impact investing ecosystem, today announced that John Palfrey will serve as the organization’s Advisory Board Chair, succeeding Darren Walker. Palfrey will be the third Chair of the Alliance, following Walker and Matt Bannick, former President of Omidyar Network.
Read the full press release.
The past year has been one of both exciting growth and unexpected challenges for the impact investing industry. Amid an uncertain macroeconomic forecast and complex geopolitical circumstances, the market eclipsed $1 trillion in assets under management for the first time. The field’s evolution has been driven by steady investor demand for impact and ESG products, increased focus on impact measurement and management, and of course, critical public policy developments.
The question on the minds of many leaders in this field is: “Where do we go from here?” The answer, I believe, is to drive toward more and deeper impact, taking care that the field scales with impact integrity.
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