Responsible Investor: Impact investing body to fund 16 projects to bolster measurement and disclosure

The Tipping Point Fund on Impact Investing (TPF) will award 16 organisations - including CDP, the Global Impact Investing Network and the Climate Disclosure Standards Board - $3.3m in combined grants to improve data, metrics and measurement in impact investing. Set up in 2019 with $14m in philanthropic seed funding, TPF seeks to scale credible impact investment. PolicyLink, another non-profit to secure a TPF grant, will develop an ‘investor blueprint for racial equality’. The Shareholder Commons will use its grant to look at corporate behavioural change and value creation based on ‘double materiality’. BlueMark will publish a report on impact performance assurance, while Ceres will develop a protocol for such assurance. The Predistribution Initiative will lead the creation of a Taskforce on Inequality-related Financial Disclosures. B-Lab will develop new performance requirements for B Corps. C4i will explore stronger assurance of ESG data for corporate reporting, and ICM will produce resources for private investors on impact.