According to Boggs Davidsen, the ultimate goal for impact investing is an impact economy, where all investment, business, consumption, and government decisions are taken with impact at their core. The overlap between politics and impact is already clear, given pressure to deliver better public services, strengthen economies and deal with climate change.

“It has been interesting to see how politics is enabling – almost encouraging – impact investing today,” she says. “The UK is a fascinating example of where impact investing is going. The government recently opened an Office for the Impact Economy. That sends a really powerful signal, showing that it views impact as part of national competitiveness.”

Boggs Davidsen hopes that GSG Impact’s flagship initiative to build an Impact Economy Index will play its part. The index is the first global benchmark that compares how countries are progressing in their efforts to embed impact into economic systems.

“It’s an opportunity to measure, compare, and rank the enabling environments for impact investing at government level,” she says. “We see so many examples of what good looks like across the globe and our network. Being able to put it together into an index that hopefully drives change is exciting.”

Read the full article at Corporate Financier: Effecting causes | ICAEW