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Impact investing : purpose-driven finance finds its place in India

Recurso electrónico / Electronic resource
Sección: Documentos electrónicos
Título: Impact investing : purpose-driven finance finds its place in India / Vivek Pandit, Toshan TamhaneAutor: Pandit, Vivek
Publicación: [s.l.] : McKinsey & Company, 2017Descripción física: 36 p.Notas: Sumario: This report comes at a very opportune time, as impact investment is advancing towards a tipping point. Reliable information is needed in order to inform investors, businesses, entrepreneurs, philanthropists, not-for-profits, and governments about the role they can play in using impact investment to improve lives and the environment. In 2000, the UK¿s Social Investment Task Force, which I was privileged to chair, concluded that financial innovation would be required in order to unlock funding for social entrepreneurs in a similar way that venture capital unlocked it for high-tech entrepreneurs. Now, 17 years later, impact investment is clearly that innovation. If we measure social and environmental outcomes, we can optimise risk, return, and impact in our business, investment, and employment decisions. By optimising these three dimensions, we release private capital to address great social challenges in fields including education, health, poverty, and the environment, bringing solutions at a scale and speed that without this capital, governments and philanthropy simply cannot match. In a recent article, penned following the success of the world¿s first Social Impact Bond launched in 2010, Gordon Brown, former UK Prime Minister and Chancellor of the Exchequer, eloquently conveyed the importance of impact investment. Big ideas are few and far between. Progress usually occurs incrementally, bit by bit. But sometimes a big ideaeven one that starts modestlycan thoroughly transform our view of what is possible. In this important report, McKinsey presents valuable evidence about impact investing, dispels popular misconceptions about the field, and offers a framework for thinking about and implementing impact investment both in India and across the world. It brings us one step closer to changing our whole system¿s capital flows, directing them to deliver competitive market returns and an improvement in lives and the planet.Materia / lugar / evento: Inversiones Innovación Mercados emergentes India Otros autores: Tamhane, Toshan
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