One year after Incofin signed the global standard that IFC set for impact management, Ernst & Young confirms in their report Incofin’s alignment to the nine principles.
Incofin committed in May 2020 as signatory to the International Finance Corporation’s (IFC) Operating Principles for Impact Management. The nine principles aim to set a global standard for impact management. Incofin’s investment strategy is for example aligned to the United Nations Sustainable Development Goals (SDGs). This commitment is now endorsed by the auditor’s report of Ernst & Young.
The nine principles we are endorsing:
- Define strategic impact objective(s), consistent with the investment strategy
- Manage strategic impact on a portfolio basis
- Establish the manager’s contribution to the achievement of impact
- Assess the expected impact of each investment, based on a systematic approach
- Assess, address, monitor and manage potential negative impacts of each investment
- Monitor the progress of each investment in achieving impact against expectations and respond appropriately
- Conduct exits considering the effect on sustained impact
- Review, document, and improve decisions and processes based on the achievement of impact and lessons learned
- Publicly disclose alignment with the Principles and provide regular independent verification of the alignment
For the full statement on the IFC Operating Principle :