Just over 10 years after the term “impact investing” was coined, the field is at a crossroads. Large-scale mainstream players are entering the space with significant funds committed to impact investing. More than ever, impact investing can do great good – for example by funding the achievement of the Sustainable Development Goals (SDGs) of the 2030 Agenda of the UN.
At this critical juncture, no principles exist to help distinguish an impact investment from a conventional investment. Enduring principles for impact investment need to be established. These principles will have to be defined by the most renowned thinkers and experts in the field.
The Alpbach retreat, supported by the BMW Foundation Herbert Quandt, the Global Wallace Fund, the Open Society Foundation, and the Vodafone Institute, will do just that. Up to 40 leading and influential people from all parts of the impact investing ecosystem will meet in the state of Tyrol in Austria. They will work together to define principles for impact investing that any player in the field should respect. The goal is to specifically take on the challenge of SDG #1: “End poverty in all its forms everywhere,” working on concrete cases to define how the principles should apply. The retreat takes place as part of the European Forum Alpbach.