Chapter 3 Catalyzing wealth to drive positive social and environmental change: impact investing
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Over recent years, Impact Investing has attracted increasing capital from global financial institutions, foundations, government agencies, and individuals, simultaneously in the pursuit of social and financial goals. With this unprecedent growth of the market, boundaries between Impact Investing and other overlapping investment approaches are becoming blurred, and concerns are raising regarding whether beyond these capital flows there is real additionality, namely the search for innovative solutions to social and environmental challenges that can generate more impact than existing models. This chapter aims to contribute to the development of the industry by explaining Impact Investing based on its key elements and scope, both from the supply side perspective (the investment approach) and from a demand side perspective (the business models - investees - that embody the co-achievement of financial and societal return); it further discusses how impact management and measurement is central to prove the additionality of impact investing.

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