Our premise continues to be simple: when impact policy exists, capital flows toward positive social and environmental outcomes.

Through our global network of National Partners, we have seen how policies such as sustainability reporting standards, pension reform, and procurement legislation can align incentives to solve public problems.

From France’s 90/10 solidarity funds creating a channel for social finance, to the UK’s Better Futures Fund mobilizing resources for vulnerable children, to Japan’s use of dormant assets, these frameworks demonstrate that impact and profit are mutually reinforcing.

Today, we also have examples of what happens when the inverse is true – when policy is not aligned with social and environmental outcomes. In Brazil, renewed investment in fossil fuels slows the transition to clean energy and increases environmental and fiscal risks. U.S. health cuts for low-income children and seniors are closing rural hospitals – setting back health outcomes and local economic activity. And globally, geopolitical tensions are contributing to energy price volatility and inflationary pressures that disproportionately affect the most vulnerable.

These moments underscore why impact policy matters – why it must be intentional, coordinated, and grounded in evidence. As part of this effort, we have launched the first phase of the Impact Economy Index, designed to systematically measure what good impact policy looks like, and to help countries benchmark progress and accelerate reform.

In the first quarter of 2026, I’ve been spreading this message across the impact ecosystem, with partners, at global gatherings and in the public conversation. Highlights you can catch up on include:

• I talked to Devex about development finance trends in 2026, discussing the rise of domestic capital, and impact as a value driver, particularly in emerging markets.

• I spoke to The Impact Equation podcast about my reflections on how impact policy has evolved over the past two decades, and where it is heading.

• UK accountancy body ICAEW’s Corporate Financier magazine analysed how impact investing is outperforming traditional asset classes, while informing smarter public policy.

• In ImpactAlpha I wrote about Canada as an example of growing impact leadership from middle powers, undeterred by traditional superpowers pulling back from climate and social issues.

• GSG Impact Chair Nick Hurd join the SRI360 podcast to discuss why investors making easy choices, not bad choices, is the biggest challenge in driving more capital to where it is needed most.

We cannot afford to let this moment pass without developing lessons and equipping local leaders with clear examples of what works.

With appreciation,

Elizabeth Boggs Davidsen

CEO, GSG Impact