by Erin Shackelford
The Initiative for Responsible Investment is pleased to announce the release of a new report by IRI Director Dr. David Wood and former IRI Assistant Director Katie Grace Deane (now at the Center for Community Investment) with the support of the MacArthur Foundation. The report “National Advisory Boards and Impact Investing: The Power of Cross-Sector Collaboration”, stems from work with the Global Steering Group for Impact Investing (GSG), the successor organization to the Social Impact Investing Taskforce of the G8. Our new report illuminates the work of National Advisory Boards (NABs) on Impact Investing. From the paper:
“The GSG, like the Taskforce before it, has at its core a set of member organizations known as National Advisory Boards (NABs) – multi-sector consultative bodies organized by country or regions of origin meant to assess the state and promote the practice of impact investing in their place of origin. The GSG coordinates their efforts globally and draws from their work and others in the field to promote impact investing as an important field of practice . . . The NABs are tasked in principle with goals of educating specific places about impact investing, promoting the field, and helping to develop public policy environments that support it.”
Drawing on interviews with representatives of the original eight NABs in Australia, Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, and others, the report outlines how NABs have necessarily taken different approaches based on different national history, culture, and politics. We hope this report will be helpful to those working on advancing the field of impact investing globally.