The Good Economy

Congratulations to Greater Manchester Pension Fund not only on the impact performance of it's local investment portfolio, but also for its transparency and authentic desire to make a meaningful contribution to sustainable place-based economic development in the UK. This, our second assessment and report using the #PlaceBasedImpactInvesting #ReportingFramework, shows how GMPF is paving the way for the private capital markets to effectively measure and understand the true impact of their investments. The report includes case studies on investments made on GMPF's behalf by CBRE Investment Management, Mercia Asset Management PLC, Resonance Limited and AlphaReal. Thank you to everyone involved in helping to raise awareness of and create buy-in to using a place-based impact investing approach to achieving the #NationalRenewal the UK needs. Read the full story here: https://lnkd.in/ekm9nQqD Download report: https://lnkd.in/eNM3hKHb

Our co-Founder, Mark Hepworth, won the Pensions for Purpose content award back in 2020 for his article on Kondratieff waves. In that piece he reminded us that we are going into the 'spring' of the 6th wave. Here he points out that this will be the first human-centered wave - and that #holistic #health will be the driver as per the brilliant Leo Nefiodow. Promoting bottom up, place-based, sustainable economic dynamism is what our work at The Good Economy is all about - and once again, holistic health has to be front and centre. #EconomicDevelopment #PlaceBasedImpactInvesting #ImpactInvesting #SustainableDevelopment

Our colleagues, Samantha Curtis and Larissa Kirkpatrick attended the #GIINForum2024 in Amsterdam last week and were thrilled to have the opportunity to speak in person to so many like-minded people and organisations, all with positive social and environmental impact creation at the top of their agendas. It was great to be there for the unveiling of The Global Impact Investing Network's latest ‘Sizing the Impact Investing Market 2024’ report. The latest figure is an estimated $1.571 trillion of impact investing assets under management worldwide, representing a 21% compound annual growth (CAGR) of the total impact investing market since 2019. 🔗 Read the report: https://lnkd.in/ethrZWzh. It was encouraging to hear the interest in TGE’s impact services, and our impact verification and assurance services, showing that investors are committed to understanding the impact and real-world outcomes of their investments and using impact data to inform future investment allocation decisions. #ImpactInvesting #ImpactManagement #ImpactMeasurement #IMM

🆕 Gresham House is the first asset manager to report on their portfolio performance from a UK sustainable development and place-based impact perspective 🆕 We're delighted to have provided Gresham House with an analysis of its real asset funds using our Place-Based Impact Investing (PBII) Reporting Framework and commend them for their willingness to carry out this portfolio review. It helps demonstrate the investment opportunities that exist across the PBII pillars. We hope such transparent reporting is widely adopted and used to improve market information and align stakeholder interests across the investment value chain to scale-up institutional investment that delivers on sustainable, place-based economic development for the UK and all its communities. 🔗 Read the report summary on our website here: https://bit.ly/48qYEGd 🔗 Or fill in the form on the Gresham House site to view the full report here: https://lnkd.in/eR2Njnr8 🔗 Learn more about our PBII Reporting Framework: https://bit.ly/4aK3Zsi #PlaceBased #ImpactInvesting #PBII #PBIIReporting #PlaceBasedImpact #SustainableDevelopment

What if you could track your investments' contribution to decent work and economic growth? The Good Jobs Rating enables investors to assess the contribution of company employment to wider society. Our powerful data analytics tool means that for the first time, investors can align and track their investment performance against UN Sustainable Development Goal (SDG) 8 - decent work and economic growth. We developed the Good Jobs Rating through a two-year collaboration with Sycomore Asset Management. By testing it on the real-world portfolio of this leading responsible investor focused on human capital, we refined its functionality and made it relevant to the needs of all investors. 📥 Download our Good Jobs Rating factsheet to learn more ➡️https://lnkd.in/eCgf7nmK #GoodJobs #SDG8 #ImpactInvesting #AssetManagers

📋 Our four-point action plan for mobilising institutional investment for inclusive and sustainable development in Wales Our Associate, Mark Hallett, has written an article for Welsh Housing Quarterly on the opportunities for #PlaceBased #ImpactInvesting (#PBII) to connect capital to communities and help address sustainable development challenges in #Wales, particularly around the provision of good affordable homes in the right locations. On behalf of The Good Economy, Mark has been engaging with key Welsh stakeholders with a view to mobilising institutional investment for inclusive and sustainable development in Wales with the following action plan: 1️⃣ Establish a PBII Network Cymru, bringing together local authorities, specialist asset managers and Welsh pension funds, 2️⃣ Prepare a Wales-specific PBII white paper, 3️⃣ Conduct PBII local labs to develop investible projects with local stakeholders and investors, 4️⃣ Maintain a PBII reporting framework that provides transparency and accountability on how Welsh pension funds are invested for the benefit of Wales and the UK as a whole. In the article, Mark explains our conceptual model of PBII, set out in our 2021 white paper "Scaling Up Institutional Capital for Place-Based Impact" with the Impact Investing Institute and Pensions for Purpose. 🔗 https://bit.ly/4e4nBZC Mark also highlights some exemplary Welsh placemaking and investment partnerships on which we should be building momentum, including: ✨ A £100 million sustainability-linked loan from Lloyds Banking Group to housing association Pobl Group, ✨The Wales Pension Partnership (WPP) Partneriaeth Pensiwn Cymru's game-changing step into place-based impact investing with its allocation of £2 billion to asset management giant Schroders for real estate investment, ✨ Clwyd Pension Fund's (Flintshire County Council) commitment to making place-based investments - with £85 million committed to funds investing exclusively in Wales, ✨ Welsh-based net zero expert Sero's participation alongside some of the UK's top businesses in the sustainable markets initiative to boost the UK’s shift to cleantech homes. Read "Making an Impact" in Welsh Housing Quarterly (log-in required): https://lnkd.in/gtizabCF Mark is a regeneration and sustainability specialist. He holds several NED roles including two Local Authority Asset Backed Dev Co’s and a leading RSL, and sits on the Design Review Panel for the Design Commission for Wales. He also holds a number of Special Advisory roles with a variety of place-based impact investors and stakeholders. #SustainableDevelopment #AffordableHomes

🤝 We're thrilled to welcome Adem G. Dervish as the newest Impact Analyst on our Impact Services team. Adem joins us fresh from completing his MSc in Environmental, Social, and Governance (ESG) Management at King's College London. While he’s just beginning his career with us, Adem brings a wealth of practical experience, including an ESG consulting internship with ADEC Innovations. He also gained valuable skills as an account executive at a creative marketing agency and as a research assistant at the University of Reading. Adem will contribute to a wide range of impact services projects at TGE. He is passionate about using his work to address pressing societal and environmental challenges and is eager to help clients measure and manage their social impact to achieve meaningful results. Learn how our Impact Services can help you identify and integrate ESG and impact considerations into your decision-making and performance reporting ➡️ https://bit.ly/3Ti6jk0 #ImpactManagement #ImpactMeasurement #ImpactReporting #ESGReporting

We’re proud to see our independent verification of Snowball's impact framework highlighted in this Impact Europe case study. Our team conducted an in-depth verification of Snowball's processes and frameworks, and provided actionable recommendations, resulting in the report "Optimising for Impact, Risk and Return". By publishing this report, Snowball opened the door for other funds of funds to draw inspiration for addressing challenges in tracking impact within a multi-asset, diversified portfolio. 🔗 Read Impact Europe's case study here ➡️ https://lnkd.in/e29yXeVE 🔗 Learn more about our impact verification service ➡️ https://bit.ly/4f8Ww8f Image: From Snowball's "bullseye framework" which combines both the manager impact and the enterprise impact score to calculate the impact intensity of its portfolio. #ImpactManagement #ImpactVerification

💡 Insights from EXPO Real: Andy Smith discusses #ImpactInvesting and #HousingRegulation Our Head of Impact Services, Andy Smith, took part in a panel at EXPO REAL (Messe München), where he contributed insights on the role of impact investing in creating 'additionality' and the implications of evolving housing regulations across Europe. Andy exchanged insights with industry leaders Rolf Buch (Vonovia), Harm Janssen (BPD | Bouwfonds Gebiedsontwikkeling), Marius Schoener (CBRE Investment Management), and Julie Cruz (Green Street News: Europe), on the topic: From Crisis to Home: Investors' Role in Paving the Path to Attainable Housing in Europe. Interested in the key takeaways? Read more here (login required): https://lnkd.in/gqjCfTBn #EXPOREAL2024

On #WorldValuesDay we're reflecting on the principles we must live by to deliver our purpose of facilitating the emergence of a Good Economy. Our values and behaviours are: ✨ Change is needed ✨ People and places matter ✨ Thoughtfulness and system thinking ✨ Independence and integrity Explore these slides to see how our values come to life through our actions and behaviours. More about our purpose and our values at The Good Economy ➡️ https://lnkd.in/eZCuray2 World Values Day is an annual campaign to increase the awareness and practice of values around the world. More info ➡️ https://lnkd.in/dYKdxBA #GoodEconomy #Values