Governments
Governments will play a key role in achieving this strategic plan and realizing our vision of a future where all investments contribute to positive social and environmental impact. There are a number of recommended actions in this Roadmap that they are especially well suited to advance, outlined below.
3. products
Advance Blended-Finance Vehicles
What
Develop and promote effective vehicles that combine capital with different risk-return expectations to meet investee needs while furthering objectives of different investors
WHY
Provide capital to enterprises and business models that may not otherwise attract capital from a given investor type and help investors gain experience with impact investments by reducing their risk in the short term
who
All investors, driven by service providers who can develop such structures
when
Immediately and ongoing
6. Policy and regulation
Clarify Interpretation of Fiduciary Duty with Respect to Social and Environmental Considerations
What
Update guidance on the interpretation and application of fiduciary duty in the context of impact investments
WHY
Many investors do not make impact investments due to concerns that doing so would violate their fiduciary duty
who
Policy experts, practitioners, and governments
when
Develop recommendations over the next year or two, and clarify in the coming years
6. Policy and regulation
Establish Tax Incentives for Impact Investments
What
Create tax incentives for impact investments and social enterprises
WHY
To expand the volume of capital in the industry and the pipeline of impact-generating enterprises by creating incentives for investors and entrepreneurs
who
Policymakers and field-building organizations
when
Varies depending on national or regional policy context
6. Policy and regulation
Create an Environment Conducive to Impact Investing
What
Develop regulations that incentivize product development, impact measurement and reporting, and the provision of capacity-building support
WHY
Drive behavior change by shaping the environment in which impact investors and businesses operate
who
National governments, with support from practitioners and industry-advocacy groups
when
Varies depending on national or regional policy context