As per the Positive Impact Manifesto, the Positive Impact Roadmap focuses on two core needs to finance the Sustainable Development Goals (SDGs):
- A common framework to help the finance community and a broader set of public and private stakeholders identify, assess and promote positive impact activities, entities and projects.
- A collaborative, solution-building approach to developing and implementing new business models and financing approaches that will help address the SDG funding gap and realize the SDGs themselves.
Following the launch of the Principles for Positive Impact Finance in January 30th, 2017 in Paris, members of the Positive Impact initiative have defined a strategy and a common workplan organised around four working groups whose role it will be to develop implementation guidance and engagement tools for financial institutions to apply a positive impact approach.
- Working Group 1 – Frameworks
How to embed Positive Impact analysis within FIs’ existing frameworks?
Guidance Notes will be industry-specific (banking, investment) and adapted to different financial instruments.
- Working Group 2 – Indicators
What impact categories to use to identify potential positive impact in the market and inside portfolios? How to monitor, measure and report on impact?
Guidance Notes will seek to clarify translate macro objectives (achievement of the SDGs) to a manageable set of indicators at the micro level for use in PI frameworks.
- Working Group 3 – Assessment
What qualifies a Positive Impact product/service? How can products and services be verified as Positive Impact? Can they be certified? Can they be rated based on their degree of impact? By whom?
Guidance Notes will be organised per product and type of assessment, covering both process and outcomes (i.e. impacts) of products and services delivered.
- Working Group 4 – Engagement & Solution-Building
Where is the SDG market and how can it be further developed? How to construct business and financing models directly based on impact ?
This group will develop research to clarify the scope and nature of the SDG financing gap and engage with public and private stakeholders to build the new, impact-based business-models needed to address the financing gap.