News & Insights

Can Silver be Better Than Gold? An Overview of our Alignment with the Impact Principles

By Marina Svistak, Senior Impact Advisor, FinDev Canada



When asked which medal they would like to win after a competition, most people would probably choose gold. Fair enough, but at times, for instance at the beginning of    an athlete’s career, it might be better to receive a silver medal because it recognizes achievement while pointing to growth and improvement ahead.

That’s how we at FinDev Canada are looking at an independent analysis just completed that examined our Development Impact Framework. It looked at how closely our policies and practices under the Framework align with the global Operating Principles for Impact Management. 

As Impact Investing Grows, So Do Expectations

By Andrew Mayeda | IFC Insights | April 2021 



In the spring of 2019, representatives from 60 investors gathered in the sun-filled atrium of World Bank Group headquarters to adopt new market standards for impact investing. One by one, they stepped on stage to place the logos of their firms on a model tree, symbolizing the growth of the budding industry.

Two years later, the celebration of the second anniversary of the Operating Principles for Impact Management was by necessity a more modest affair, constrained by the rules of socially distanced engagement in the age of COVID-19. But signatories to the principles are taking comfort in the fact that impact investing—defined as “investments made into companies or organizations with the intent to contribute to measurable positive social or environmental impact, alongside financial returns”—has continued to blossom.

IFC Insights Interview : Jennifer Pryce on Two Years of the Impact Principles

Initiatives like the Joint Impact Indicators are “leapfrog moments,” says Jennifer Pryce, CEO of Calvert Impact Capital.

Pryce spoke to IFC Insights about what’s happened in the two years since the launch of the Operating Principles for Impact Management, the importance of industry collaboration, and her belief that all investments in the future will have an impact investing lens.

Joint Impact Indicators (JII) Announcement

HIPSO, GIIN (IRIS+) and 45 Signatories to the Impact Principles issued a statement on adopting Joint Impact Indicators to measure and report on climate, gender and jobs.  This initiative grew out of discussions at a Signatory workshop.  The goal is to build on this foundation and promote alignment with corporate sustainability reporting.