Posted: 18 Jul 2022 Resource Type: Research Report Download Back How can the industry help address key challenges around scaling finance for social impact? The Finance for Impact: Industry-led recommendations to advance finance for social impact report places greater emphasis on the social element of finance for impact. Given that the “E” has to date received much greater attention, the aim is to elevate the “S” alongside the “E” in ESG across Financial Services. This report, developed by KPMG – based on consultation with financial services firms - outlines an industry-led and industry-focused framework and set of recommendations focused on scaling the deployment of finance to deliver positive and measurable outcomes for both the environment and society. The recommendations of the Finance for Impact report include: Build on financial institutions' progress on environmental issues to address social impact. Develop skills and training. Set a clear strategy. Leverage the financial sector’s influence on the global economy to catalyse change. Use impact data and metrics. Be transparent on positive as well as negative impact. Improve frameworks for better impact disclosure. Support policy reform and regulatory intervention. Collaborate and engage with stakeholders and seek out partnerships. Share: Share to LinkedIn LinkedIn Share to X Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Thought Piece Navigating Nature’s Value | Insights into the Biodiversity Credit Market May 2024 - Nature sustains both economies and livelihoods. Yet despite the alarming risks that society faces from nature loss, nature restoration and conservation projects still face a significant financing gap. Navigating Nature’s Value | Insights into the Biodiversity Credit Market Thought Piece International financial & professional services firms access the workers they need in the UK May 2024 - The UK’s talent pool is the bedrock of its world-class FPS sector. This competitive edge explains why so many international financial and professional services (FPS) firms choose to locate in the UK. International financial & professional services firms access the workers they need in the UK Research Report The UK | a top destination for financial and professional services investment Apr 2024 - Research led by the City of London Corporation shows that the UK continues to be Europe's most popular destination for foreign direct investment in financial and professional services The UK | a top destination for financial and professional services investment News Women pivoting to digital Apr 2024 - Announcing a new taskforce taking action around women pivoting from non-technical backgrounds into digital roles Women pivoting to digital