Call to Action International Development Convening
Wednesday 24th January 2018
On January 24th, the UK NAB convened a diverse group of over 40 senior executives form leading UK organisations, all committed to using their respective financial capital, human capital and intellectual capital towards a more inclusive and sustainable society.
Our immediate task was to convert into action the recommendations set forth in Chapter 5 of the UK NAB 2017 report, The Rise of Impact: Five steps towards and inclusive and sustainable economy (see below). The specific challenge for the day was to identify concrete steps that can be taken in the near-term to breathe life into the recommendations and to accelerate progress among a growing community of actors and stakeholders.
THE RISE OF IMPACT
Five steps towards an inclusive and sustainable economy
We stand at a critical juncture. In this era of significant social, environmental, and political challenges, we have an opportunity and an imperative to move towards a more inclusive and sustainable economy.
In this report, we offer a five-point strategy to harness impact investing and purposeful business to help tackle some of the UK’s most pressing societal challenges at scale – while also boosting inclusive and sustainable economic growth, and establishing the UK as a global thought-leader in this field.
Summary Reports & Working Papers
Social Impact Investment Taskforce Summary Report 2014.
High-level recommendations critical to the success of impact investment worldwide on pages 6-7 of the report.
UK NAB Working Group Papers 2014
This report aims to analyse procurement in those areas of service delivery of particular interest to impact investment and impact investors. It sets out background to the issue, the work undertaken by the group and its recommendations.
This paper outlines thinking and practice at the frontier of business and society, relevant to everyone who invests in, is employed by or operates a business.
‘Investment-readiness’ to date has not taken into account the ability of investees to reliably deliver social outcomes (‘impact-readiness’). This paper has a series of recommendations for government, commissioners, investors and grant-makers, which aims to begin to tackle this issue head-on.
UK Government Strategy on Impact Investment
The UK government sets out what it has achieved over the last 5 years and what is seeks to achieve domestically over the next 5 years.
This strategy is an annex to the domestic strategy paper above. During the last parliament, the government established the UK as a global leader in the field of impact investment. This paper sets out their plans to maintain this position and deliver international market growth in collaboration with the Cabinet Office, UK Trade and Investment, the Foreign and Commonwealth Office, the British Council and the Department for International Development.
Social Impact Investment Taskforce Working Group Papers
This report provides guidelines for impact measurement to impact investors – current and future – who may be for profit or non-profit, investing in ventures, as well as a vision for the evolution of impact measurement in the years’ ahead.
This paper presents a series of frameworks to help both investors and policymakers align their investment strategy with their societal values, including impact investments across a balanced investment portfolio.
This working group believes that profit-with-purpose businesses will create substantial social impact and will attract investment to enable growth. They identify a definition, a legal framework, starting positions, market mechanisms, and existing systems to build upon.
The working group assessed how impact investment can help to further drive economic development and improvement on social issues in developing countries. This report provides key recommendations on some proposed joint initiatives to advance the impact investing market for the benefit of the world’s poor populations.
- Global Social Impact Investment Steering Group
- US National Advisory Board on Impact Investing: 'Private Capital, Public Good'
- Portugese National Advisory Board on Impact Investing: 'Laboratorio de Investimento Social'
- Australian National Advisory Board on Impact Investing: 'Impact Investing Australia'
- Italian National Advisory Board on Impact Investing: 'Social Impact Agenda Per L'Italia'