09
June
2022
|
13:47
Europe/Amsterdam

Finance for Impact Summit to be held on July 18th 2022

  • The Summit hosted by the City of London Corporation, the Impact Investing Institute and KPMG, at the Mansion House will bring together leaders in the public and private sectors to harness investment for positive impact
  • It will elevate the “S” alongside the “E” in ESG across financial and professional services, and in relation to investment in the transition to net zero
  • Two ambitious objectives will be announced: 1) an industry-led set of priorities for scaling finance for impact; 2) a new coalition of key investors committed to mobilising finance towards achieving a Just Transition to Net Zero.

The Finance for Impact Summit, hosted by the City of London Corporation, the Impact Investing Institute and KPMG at the Mansion House in London on 18th July 2022, will bring together leaders of finance, business, governments, and other institutions from around the world to discuss how we can better harness investment for the good of people and the planet.

The summit will be a key milestone for the Finance for Impact Initiative, a programme led by the City of London Corporation, the Impact Investing Institute and KPMG. The Initiative aims to build on the commitments made at COP26 and the work of the G7 Impact Taskforce.

The work of this Initiative is to promote the City of London and the UK as a global leader in sustainable finance and to scale finance deployed to deliver positive and measurable social outcomes alongside a financial return. The aim is to elevate the “S” alongside the “E” in ESG across financial and professional services, and including in relation to investment in the transition to net zero.   

The Summit will seek to progress these goals with the announcement of two ambitious objectives:

An industry-led set of priorities for scaling finance that delivers positive and measurable social impact across financial and professional services. The recommendations will also support the sector to be more ambitious in integrating social considerations into sustainable finance strategies, alongside environmental ones.

Just Transition Finance Challenge for asset managers and asset owners. The Challenge will bring together investors committed to mobilising finance towards a transition to net zero that is inclusive and socially beneficial – i.e., a “Just Transition” – in the UK and globally. Among other initiatives, the Challenge will later this year launch a Just Transition Finance label recognising investments that advance a Just Transition globally.

High-profile speakers at Summit will include the Lord Mayor of London;

Richard Curtis, Chair of Make My Money Matter; Dame Elizabeth Corley, Chair of the Impact Investing Institute; Bina Mehta, Chair of KPMG UK, Sacha Sadan, ESG Director at the Financial Conduct Authority.

The Lord Mayor of London , Vincent Keaveny, said:

“The Finance for Impact Summit comes at a critical moment as we seek to deliver on the commitments made at COP26 and the work of the G7 Impact Taskforce.

“Private finance can – and must – be a force for good. I am deeply proud of the City’s work on leading the conversation on investment for the ‘E’ in ESG. It is now time for the City to lead the way on delivering on the ‘S’ in ESG.

“A vibrant impact investing market – where investors can generate positive, measurable impact alongside a financial return – is essential to tackle the social and environmental challenges we face.”

Dame Elizabeth Corley, Chair of the Impact Investing Institute, said:

“If we are to deliver a Just Transition, embedding social considerations into how we think about the impact of our investments will be crucial - and the Finance for Impact Summit offers the perfect opportunity to do so.

Ahead of the COP27 summit, it also marks an important reflection point: demonstrating both what has already been achieved and, crucially, the work that still remains to be done.”

Dr Kay Swinburne is the Vice Chair of Financial Services at KPMG UK, said:

“Financial services businesses are already taking important steps to promote positive social actions that will impact people and communities. We are thrilled to be working with the Lord Mayor on an industry-led set of best practices and priorities to scale finance for social impact and assist firms to further integrate social impact considerations into their strategies.”

In order to register to attend, please visit: https://www.theglobalcity.uk/finance-for-impact

--ENDS--

Notes to editors

The City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK. www.cityoflondon.gov.uk

Media Contact:

City of London Corporation Media Team
Name: Sanjay Odedra, Assistant Director of Media (Financial Services)
Email: sanjay.odedra@cityoflondon.gov.uk 
Phone: +44 7710 701 443

KPMG Media Team
Name: Alastair Henry (on behalf of KPMG UK)
Email: Alastair.Henry@citypress.co.uk 
Phone: +44 161 235 0320

Impact Investing Institute 
Name: George Salmon
Email: comms@impactinvest.org.uk 
Phone: +44 7749 741 793