The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Mon, 08 Jun 2026 16:11:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Operating Principles for Impact Management – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Operating Principles for Impact Management https://corpgov.law.harvard.edu/2019/05/05/operating-principles-for-impact-management/?utm_source=rss&utm_medium=rss&utm_campaign=operating-principles-for-impact-management https://corpgov.law.harvard.edu/2019/05/05/operating-principles-for-impact-management/#comments Sun, 05 May 2019 13:29:16 +0000 https://corpgov.law.harvard.edu/?p=117873?d=20190505092916EDT Posted by Irina Likhachova, International Finance Corporation, on Sunday, May 5, 2019
Editor's Note:

Irina Likhachova is Senior Operations Officer at the International Finance Corporation (IFC). This post is based on the IFC Operating Principles for Impact Management, prepared by Ms. Likhachova, Neil Gregory, Diane Damskey, Christian Rosenholm, Ellen Maginnis, and Ariane Volk. Related research from the Program on Corporate Governance includes Socially Responsible Firms by Alan Ferrell, Hao Liang, and Luc Renneboog (discussed on the Forum here) and  Social Responsibility Resolutions by Scott Hirst (discussed on the Forum here).

Making History

On April 12, 2019, 60 global investors came together to adopt and launch the Operating Principles for Impact Management—a market standard for impact investing in which investors seek to generate positive impact for society alongside financial returns in a disciplined and transparent way. These investors collectively hold over $350 billion in assets invested for impact, which they commit to manage in accordance with the Principles.

Operating Principles for Impact Management: A new market standard for impact investing

Impact investing has emerged as a significant opportunity to mobilize both public and private capital into investments that target measurable positive social and environmental impact alongside financial returns. A growing number of investors are incorporating impact investments into portfolios. Many are adopting the Sustainable Development Goals (SDGs), and other widely recognized goals such as the Paris Climate Agreement (COP21) as a reference point to illustrate the relationship between their investments and impact goals.

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