MANILA, Philippines — Impact investing is now gaining more traction as institutional investors commit to use billions of dollars in resources for projects that can help meet development goals, the International Finance Corp. (IFC) said. “The principles draw on IFC’s experience in investing in emerging markets to achieve strong development impact and financial returns,” it added. The principles provide a clear common market standard for what constitutes an impact investment, addressing concerns about impact-washing,” it added. “We believe there is now potential to bring impact investing into the mainstream,” said IFC CEO Philippe Le Houérou. Citing the results of a survey of asset managers Le Houerou said 86 percent of respondents said they ventured into impact investing because of client demand.

Source: Philippine Star April 16, 2019 16:00 UTC