Aotearoa to champion the power of Impact Investment on world stage
New Zealand gains another voice on the world stage following this week’s announcement that the Impact Investing National Advisory Board Aotearoa New Zealand will become a member of the Global Steering Group for Impact Investing.
The Impact Investing National Advisory Board Aotearoa New Zealand (IINABANZ) works to connect New Zealand to global markets, learn from international experience, and develop the local ecosystem to support impact investment opportunities.
David Woods, the Independent Deputy Chair of the IIINABANZ, says that New Zealand’s pathway to GSG membership grew out of an initial idea from board members which includes representatives of Philanthropy NZ, the Tindall Foundation and the Ākina Foundation.
“Fifteen months ago we took the view that New Zealand should be at the table rather than looking in from outside. After a year of planning, interviews and discussions, we will be formally invested as members next week at the GSG Summit in New Delhi.” Mr Woods says.
“Membership gives us valuable insight into the ways the impact investment movement is growing around the world. It’s a great opportunity for a two way flow of ideas – and potentially investment flows – with other members.”
Fellow board member Tina Porou, of the Ākina Foundation, sees GSG membership as an exciting development for New Zealand’s evolving social enterprise sector in a time where Impact Investment is increasingly seen as powerful tool in the fight against challenges like climate change and inequality.
Impact investment gives social and environmental outcomes equal weight to investment risks and return for shareholders.
“We have a unique perspective on Impact Investment here in Aotearoa and we’re so thrilled to share it with others,” says Ms Porou.
“Adding our voice into the mix internationally is good news for developing businesses in other countries, and it will help organisations like Ākina find new ways to enable the growth of environmental and social impact here at home,” she says.
The Global Steering Group for Impact Investing (GSG) grew out of a G8 initiative in 2013, and has established a global network to advocate for the power of Impact Investment worldwide.
As of this month, the GSG is growing to 21 regional advisory boards worldwide, with the introduction of Bangladesh and South Africa at the same time as New Zealand. All three countries will become ratified members at the 2019 Impact Summit in New Delhi, held 8-9 October.
The IINABANZ was officially launched in April and is comprised of eight business leaders. Along with David Woods and Tina Porou, board members are Jamie Newth, John McCarthy, Raewyn Jones, Alex Hannant, Simon O’Connor, and Anne-Maree O’Connor.
For more information about the IINABANZ visit www.impactinvestingnetwork.nz/nznab