Asian Impact Management Review is an affiliate of Asian Institute for Impact Measurement and Management
Asian Impact Management Review Winter Issue ’23 focuses on impact investing, a dynamically growing industry driven by investors committed to creating social and environmental benefits alongside financial gains. This issue’s Cover Story, written by Michiru Toda from Social Innovation and Investment Foundation (SIIF) on the growing momentum of impact investing and the impact economy in Japan, perfectly showcases the impact investing industry. This time, in Impacter Insights, CEO of AVPN Naina Batra talks about amplifying the voice of Asia and the changing landscape of impact investing. We also covered a Case Study by Bonnie Chiu about moving from impact measurement to managing for impact, research highlights by Weina Zhang from NUS Business School decoding common language for impact assessment, and many more.
The dialogue surrounding impact investing in Asia is intensifying, buoyed by the region's burgeoning wealth and philanthropy, coupled with a heightened consciousness of social and environmental issues. Corporations across Asia are increasingly prioritizing sustainability and social responsibility, motivated by intrinsic values as well as external influences from consumers and investors. This shift within the corporate sphere is broadening the scope for impact investing, with investors now more inclined to pursue opportunities where success is gauged not just financially, but also by the positive societal and environmental impact.
In light of this evolving landscape, the Winter Issue of the Asian Impact Management Review positions itself at the vanguard of this dialogue, delivering rich insights, case studies, and expert opinions that dissect the intricacies and prospects of impact measurement and management within the sphere of impact investing. This edition features Michiru Toda's cover story, which captures the escalating momentum of impact investing in Japan and its wider implications, underlining how 'impact' is becoming a universally understood term across diverse Asian sectors. Toda's piece sheds light on Japan's embracement of impact investing and explores its transformative effect on economic activities.
Additionally, Nao Sudo and Peter Bent's organizational report on Impact Frontiers and Impact-Financial Integration offers a deep dive into the non-profit organization's work on norm stewardship. This piece is pivotal in understanding how investors can effectively address impact and financial considerations in their decision-making process. Key highlights include Eriko Ito's organizational report on Japan's latest trends in impact investment, offering a comprehensive view of how governmental support and private participation are reshaping the investment landscape. Diana Tjoeng's regional report poignantly discusses the potential of impact investments to drive substantive change, timely given the Australian Government's recent initiatives. This issue also spotlights the essential role of gender inclusion in business, with Aparajita Agrawal and Shoshana Grossman-Crist's insightful case study from the Gender Smart Nexus Benchmark Report. Such inclusivity is paramount to achieving broader sustainability goals, as underscored by Bonnie Chiu's examination of the transition from impact measurement to impact management. Our research highlights, led by Weina Zhang and Mengyao Kang, emphasize the need for a common language in impact assessment, crucial for harmonizing impact metrics across sectors. In addition, Robert Brown’s book review on 'Impact Investing and Social Enterprises' provides a critical understanding of the nature and achievements of impact investments globally, a must-read for investors and financial advisors. Naina Subberwal Batra's insights in 'Revolutionizing Philanthropy' offer a unique perspective on the journey of AVPN, its role as an ecosystem builder, and the future of venture philanthropy in Asia. Terence Yuen's methodology article on the modified Balanced Scorecard framework suggests innovative approaches to corporate performance management in the context of impact measurement and ESG assessment.
We are confident that the informed, insightful, and impactful discussions presented in this issue are pivotal in sculpting a sustainable and equitable future. We invite you to join us on this enlightening journey as we navigate the immense potential of impact investing and management, striving towards a world that is more sustainable, inclusive, and impactful.
The Growing Momentum of Impact Investing and the Impact Economy in Japan and Beyond
In 2023, ‘impact’ is a common language in Japan, signifying the rise of the impact economy, incorporating impact management into investment, business, consumption, and government.
The Power of Impact Investments to Make Real Change on a Regional Scale
With the Australian Government recently bringing blended finance into their international development strategy, looking at how impact investment could bring real change in the region is timely.
Impact Plus – How an Impact Investing Approach Delivers Better Value for Money as Well as Positive Social and Environmental Benefits
Defining the impact of an investment at the outset, measuring it, and having accountability for it improve outcomes for every unit of capital deployed. The author draws on recent research for the London School of Economics to describe case studies from the UK and emerging markets demonstrating the effectiveness of this approach.
Impact Frontiers and Impact-Financial Integration
Impact Frontiers is a non-profit field-building organization focused on impact management. Impact-financial integration is a norm stewarded by Impact Frontiers, and can help investors address impact and financial considerations in their decision-making.
The Latest Impact Investment Trends in Japan
Impact investing is gaining momentum in Japan, backed by governmental initiatives and private sector participation. This article highlights the two critical programs driving this growth and their implications.
How Impact Investors Move from Impact Measurement to Managing for Impact
To maximize positive impact, impact investors need to move from impact measurement to managing for impact, which requires a systemic integration of impact into decision-making on four levels: deal, portfolio, organization and system.
Unlocking Business Potential through Gender Inclusion: Insights from the Gender Smart Nexus Benchmark Report
The Gender Smart Nexus platform aids organizations in evaluating and enhancing gender inclusion. The report shows that while many enterprises recognize the importance of gender inclusion, there is substantial room for greater organizational transformation.
Creating a Common Language for Impact Assessment
Impact investors often need to deal with a complex list of impact metrics. We review different methods of harmonizing the impact metrics by monetization to provide a standardized assessment of sustainable investments.
Tackling Impact Washing: Integrating the Sustainability Balanced Scorecard with the SDG Impact Standards
This article argues that implementing the SDG Impact Standards would be best complemented by adopting corporate performance management tools such as the Sustainability Balanced Scorecard (SBSC). The analysis demonstrates that the SDG Impact Standards can address many of the perceived shortcomings of the SBSC.
Impact Investing and Social Enterprises: Global Progress and Challenges
Every year, thousands of impact investments are made, but what are they, what are they designed to accomplish, and what do they achieve? This book will help investors, their financial advisors and their attorneys understand what are impact investments, how to make them, and how to minimize risks.
Revolutionizing Philanthropy: Naina Batra’s Trailblazing Path in Asian Impact Investment
Naina Batra, CEO of AVPN, joins AIMR to discuss the groundbreaking Asian network’s journey, its role as an ecosystem builder, Asian representation, what venture philanthropy means, and paving the way for tomorrow’s leaders of Asia.
Spain Launches €400m Impact Investment Wholesaler as Market Booms
Fondo de Impacto Social – or Social Impact Fund – is announced at the GSG Global Impact Summit with an aim to further boost Spain’s thriving impact investment market.
What is Social Value?
What does ‘social value’ actually mean? How is it used in practice? Stephanie Robertson and Ada Yip, co-chairs at Social Value International, have the answers in our latest explainer.
Is Your Impact Better than Mine? Impact Investors Frustrated by Inability to Compare with Peers
Impact investors face challenges in comparing results with peers, with 75% citing it as a significant issue. The Global Impact Investing Network urges leadership and data sharing for improvement.