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 Twitter Twitter Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Case Study Future Food Solutions | helping farmers and food companies reduce their carbon footprint Mar 2023 - We spoke to Paul Rhodes, director at Future Food Solutions, about how being based in the UK has helped introduce services to major multinational food companies. Future Food Solutions | helping farmers and food companies reduce their carbon footprint Multimedia Investing in future Wales Mar 2023 - The 2nd annual Investing in Future Wales business showcase, hosted by City of London, British Business Bank, the Department for Business & Trade and the Welsh Government Investing in future Wales Case Study Penny | using technology to plan a better retirement Mar 2023 - Penny is an app based company that enables people to track down their lost pension savings and help plan for their retirement. We spoke to them about the company’s growth plans and how changing working patterns are causing more people to lose track of their retirement savings. Penny | using technology to plan a better retirement Case Study Lloyds Banking Group | using CVC to invest for meaningful growth Feb 2023 - We spoke to Kirsty Rutter, Fintech Investment Director at Lloyds Banking Group, about their experience of corporate venture capital in the UK. Lloyds Banking Group | using CVC to invest for meaningful growth