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 X Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content News UK-Saudi Sustainable Infrastructure Summit 2024 Mar 2024 - The City of London Corporation in collaboration with The Saudi British Joint Business Council are delighted to announce the UK-Saudi Arabia Sustainable Infrastructure Summit. UK-Saudi Sustainable Infrastructure Summit 2024 Research Report Financial Services Priorities for the Italian G7 and Brazilian G20 Presidencies Mar 2024 - This IRSG report sets out the three priority areas, and corresponding recommendations the Italian G7 and Brazilian G20 presidencies should focus on. Financial Services Priorities for the Italian G7 and Brazilian G20 Presidencies Research Report The Berne Financial Services Agreement Mar 2024 - Co-produced by the City of London Corporation and Clifford Chance, this paper seeks to give a practical explanation of the Berne Financial Services Agreement for firms, and highlights the benefits of the Agreement and outlines next steps. The Berne Financial Services Agreement Research Report City statistics briefing Mar 2024 - The City Statistics briefing looks at the City of London's role as a global business hub for financial and related professional services. City statistics briefing