Publication database

The GIIN estimates the size of the worldwide impact investing market to be USD 1.164 trillion, marking the first time that the organization’s widely-cited estimate has topped the USD 1 trillion mark. The report, which was produced with the financial support of Nuveen, also spotlights two areas of development in the market that are becoming increasingly prevalent: green bonds and corporate impact investing.

The Centre for Impact Investing and Practices (“CIIP”), together with Accenture and Singapore Management University, developed this field report to achieve three objectives: to illustrate the on-the-ground conversations about impact investing and practices that we hope to engender; to raise awareness of the inspiring impact work that is already underway in Asia; and to convene more discussions on how we can collectively deliver more impact in Asia, for Asia. The report shares insights from in-depth interviews and discussions with investors and businesses. It features case studies on the impact journeys of regional players and puts forward preliminary ideas on how we can advance the impact ecosystem in Asia together.

This research maps 50 funders actively investing in last mile distributors (LMDs) across different stages of company growth - pre-seed, seed, early growth and accelerated growth - to identify gaps and opportunities.

The report starts by outlining the current state of impact measurement and management. It goes on to shed light on the BCtA’s member companies’ commitments to the SDGs, their adoption of the Inclusive Business model, their engagement with low-income populations in developing countries, and to highlight the main challenges faced by these organizations in measuring and managing impact. It also outlines how Inclusive Businesses can manage their impact on the Bottom of the Pyramid (BoP), leading to enhanced quality of life and increased living standards for their stakeholders.

The goal of this document is to provide the key principles of social investment in Asia, based on an extensive literature review and in-depth interviews with a range of experts. Mapped across the life-cycle of a project, these are broad, high-level principles that work for investments encompassing the SDGs, with specific examples from areas of healthcare, gender, livelihoods and climate in Asia. For social investors looking to incorporate the SDG Impact Standards developed by UNDP12 in their work, the principles can serve as an accessible pathway to provide direction.

IIC releases an annual “Year in Retrospect" publication that throws light on investment trends and emerging market developments across key impact sectors such as Financial Inclusion, Agriculture, Healthcare, Technology for Development and Climate-tech. Their research highlights that 2021 has proven to be a strong year for the Indian impact sector, with more than 300 impact focussed enterprises raising $7 Bn in capital. While investment activity was robust across sectors as well as the stage of development of the enterprise, several late-stage companies have raised significant amounts of capital leading to a 135% growth in overall capital raised in 2021 vis a vis 2020.

Increasingly, development funding is directed to programmes aiming to make market systems more favourable for smallholders and low-income consumers of food. Assessing whether a programme indeed contributed to development outcomes is challenging. Building on real-world experiences with theory-based evaluation in inclusive business programmes, this IDS Bulletin discusses approaches and methods for meaningful impact evaluation. 

The Aspen Network of Development Entrepreneurs (ANDE) launched the Advancing Women’s Empowerment Fund (AWEF) in 2019 with support from the Visa Foundation and the United States Agency for International Development (USAID). The overall goal of AWEF-funded projects is to address the gender financing gap for women-owned small and growing businesses (SGBs) in developing economies. The first round of grantmaking, AWEF Asia, funded eight entrepreneur support organizations (ESOs) in Cambodia, Vietnam, Myanmar, the Philippines, Pakistan, and India, as well as programs serving the region as a whole. This report summarizes the lessons learned from these grants.

Most impact investors report meeting or exceeding their impact performance metrics, but is this truly the case? Maoz (Michael) Brown, head of research at the Wharton Social Impact Initiative, collaborated with Wharton PhD candidate Lauren Kaufmann on a study that reveals it is common practice for impact investors to report metrics primarily to market their success, rather than to evaluate and understand where their impact may fall short.

How can the government promote Inclusive Business (IB) and Impact Investing (II) in Nigeria? This report makes four major policy recommendations: institutionalising support, promoting awareness, creating a financing structure, and putting in place a coordinated stimulus implementation strategy. In addition, it provides an overview on the present landscape for IB and II in Nigeria.