Edited by Torino Social Impact

Policy & Practice

The international debate and best practices from around the world

12 December 2023

Introducing the Impact Taskforce (ITF) State of Play 2023

torino social impact

State of Play 2023 assesses progress achieved since its landmark "Time to Deliver" report to the UK G7 Presidency in 2021, significant progress towards impact transparency. Increasing barriers to private sector impact investment in emerging economies and significant shifts in global geopolitics and macroeconomics are examined.

Highlighting the urgent need for Development Finance Institutions (DFIs) to mobilise more private sector capital in emerging economies

State of Play 2023 assesses progress achieved since its landmark “Time to Deliver” report to the UK G7 Presidency in 2021, significant progress towards impact transparency.
Increasing barriers to private sector impact investment in emerging economies and significant shifts in global geopolitics and macroeconomics are examined.

Core findings and recommendations include:

  • G7 and G20 should lead the way to a common framework for mobilising private capital.
  • The urgent need for DFIs and Multilateral Development Banks (MDBs) to mobilise private sector capital, creating greater pools of catalytic capital in emerging economies.
  • There must be a collective effort to ensure reporting standards work together, stakeholders from emerging economies have to be involved standard-setting.
  • There is compelling evidence to scale-up outcome partnerships. By paying for specific outcomes, not activity, private capital can be mobilised for better social, climate and environmental impact.

In addition to examining the current state of the market, State of Play 2023 delivers a practical toolkit for policymakers, regulators, standard setters, DFIs and investors.

Download the report here.