Bringing Credibility, Discipline & Transparency to Impact Investing

At this week's virtual CID Speaker Series event we are joined by Neil Gregory, Chief Thought Leadership Officer of the International Finance Corporation or the private investment arm of the World Bank Group for a discussion moderated by Shawn Cole, a professor in the Finance Unit at Harvard Business School, where he teaches and conducts research on financial services, social enterprise, and impact investing. // Recorded virtually October 23, 2020. Impact investing in private markets could be as large as $2.1 trillion in assets under management, but only a quarter of that, $505 billion, is clearly measured for its impact, both for development impact and financial returns, according to the report Growing Impact—New Insights into the Practice of Impact Investing. Impact investing can be defined as “investments made into companies or organizations with the intent to contribute to measurable positive social or environmental impact, alongside financial returns.” This week's speaker is Neil Gregory, Chief Thought Leadership Officer of the International Finance Corporation, the private investment arm of the World Bank Group. The conversation moderator is Shawn Cole, a professor in the Finance Unit at Harvard Business School, where he teaches and conducts research on financial services, social enterprise, and impact investing. Neil is going to speak on The Operating Principles for Impact Management, launched in April 2019 to provide a framework for investors to ensure that impact considerations are purposefully integrated throughout the investment life cycle. The Impact Principles bring greater discipline and transparency to the impact investing market, requiring annual disclosure statements and independent verification of Signatories' impact management systems and processes. As the number of Signatories continues to grow, these asset managers, asset owners, Multilateral Development Banks and Development Finance Institutions have become a collaborative community, working together to shape the future of impact investing. Neil Gregory is Chief Thought Leadership Officer of the International Finance Corporation, the private investment arm of the World Bank Group. He has held a range of senior strategy and management roles at IFC, including research, business planning, investment and advisory functions. He was previously Adviser to the UK Executive Director of the World Bank and International Monetary Fund, and an Economic Adviser to the UK Government. He has extensive work experience in South Asia, China, Africa and the Caribbean. A British national, Neil has MA and MSc degrees in Economics from Cambridge and Oxford and an MBA from Georgetown.