Abstract
Investing private capital in projects designed to promote sustainable development is no new concept. Several models have been deployed such as social responsible investing, venture philanthropy and others. In 2007, a new system emerged called impact investing, which has three conditions to it. For-profit investments are made seeking financial returns. The ventures invested in must have positive impacts on society and/or the environment. These impacts need to be quantifiable and measurable. A framework to quantify the social and environmental impact created has yet to be developed. This paper will analyze how the United Nations Sustainable Development Goals (SDG) can be used as a resource to help develop an impact measurement system for impact investors. To examine the validity of the SDG indicators for impact investors, this project matches the SDG indicators with impact reports released by impact investment firms and associated businesses, as well as other impact measurement systems. The scope will cover a diversity of impact investment firms to test the flexibility of the SDGs. The current research surrounding impact investing focuses on defining impact investing, use cases, measurement strategies and implementation. For the SDGs, there is material that focuses on the validity and their practicality. This report will build on these theoretical frameworks for the specific case of using the SDGs to measure impact investing, and how a new framework can be developed out of the SDGs to create an effective impact measurement system for impact investors. This will help legitimize impact investing, bringing it to the forefront of sustainable development.
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