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 Research Report The City of London Corporation's work in support of financial and professional services: annual review 2023/2024 Jul 2024 - The City of London Corporation's annual review on the extensive programmes of work in the UK's financial and professional services industry in 2023/2024. The City of London Corporation's work in support of financial and professional services: annual review 2023/2024 Thought Piece Harnessing the power of London for global climate action: Reflections on London Climate Action Week 2024 Jul 2024 - London Climate Action week is a global moment that sees leaders, organisations and communities from across the world descend on London to drive climate action. Here are some highlights from myself and the City of London sustainable finance team. Harnessing the power of London for global climate action: Reflections on London Climate Action Week 2024 Research Report City statistics briefing Jul 2024 - The City Statistics briefing looks at the City of London's role as a global business hub for financial and related professional services. City statistics briefing Research Report Accelerating Carbon Dioxide Removal: Unlocking the UK's potential to support global net zero Jun 2024 - This report, produced in association with Oliver Wyman and the UK Carbon Markets Forum looks at the major barriers to Carbon Dioxide Removal demands and constraints, while highlighting key actions that can be taken. Accelerating Carbon Dioxide Removal: Unlocking the UK's potential to support global net zero