Finance for Impact: Industry-led recommendations to advance finance for social impact

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.