Позитивные изменения. Том 1, №1 (2021). Positive changes. Volume 1, Issue 1 (2021)

Thus, in 2021, quite a lot of attempts were made to create a kind of guide for investors, offering them new tools for measuring and assessment of impact investment projects, establishing a dialogue between organizations. We see a large number of organizations, both domestic and international, that are engaged in research in this area and contribute to creating a favorable ground for development. In the past year, great strides have been made towards the development of classifications, measurement tools, and towards the study of experience in the field of impact investment.

At the same time, it is worth mentioning that Russia is also a part of the global trends in new approaches to solving social problems and already has some experience in mastering impact investment, but so far the share of Russian business in the global market of this segment is about 1 %. Nevertheless, within the country there is already a large number of examples of both specific cases of impact investment and scientific research and understanding of this new area.

We have selected 10 important and useful publications in our opinion for 2021, which reveal different aspects of impact investing and record the changes and achievements that are taking place. In our opinion such a selection will help to get acquainted with the current agenda of the impact investments topic in the outgoing year and to have a look into the future – learning what prospects in this area await us.

INVESTMENTS IN THE SOCIETY

Analytical Report, 2021. SKOLKOVO Business School, Noôdome and PwC.

Dmitry Ageev, Ivan Klimov, Maria Davydova, Arina Fursova

There is no doubt in 2020 that we are living in an extremely difficult time. And it’s not so much about the pandemic as such, but also about how society, business, authorities and the world as a whole react to it – all together it radically changes our world. The crisis highlighted need to develop global impact investing that is long overdue, and to look for the tools of assistance for those who need it. The world needs a powerful and flexible financial system to solve the most pressing global social problems.

The development of impact investment ideas calls into question the traditional belief that social and environmental problems should be solved only through philanthropic donations and that market investments should be focused only on generating income. Both the behavioral models and the investors way of thinking are changing: investors they are more and more trying to take into account what will be the social effect of their decisions on how to earn, save, spend and invest their funds. There is growing social pressure on companies and investors, forcing them to think in terms of “people, planet and profit", as well as to look for comprehensive solutions to problems both within their business and beyond.

Many publications have already been devoted to impact investing. This means that we are not alone on this long road that we have to pass. This publication is focused primarily on investors, their requirements, expectations, opportunities and skills.

https://ftp.skolkovo.ru/web_team/research/2021/SKOLKOVO_Investing_in_Society_SWTC.pdf

COMPASS: THE METHODOLOGY FOR COMPARING AND ASSESSING IMPACT

2021, Global Impact Investing Network.

Rachel Bass, Dean Hand, Kelly McCarthy, Sophia Sunderji, Noshin Nova

COMPASS: The Methodology for Comparing and Assessing Impact builds on the GIIN’s ongoing efforts to help impact investors integrate impact into decisions across their investment processes. COMPASS presents for the first time, a tested, widely accepted methodology to assess and, most critically, compare impact results. Since impact is inherently multi-dimensional and complex, this methodology is designed to offer investors insight into three critical impact performance figures: scale, pace, and efficiency. This research effort seeks to standardize the components for and process of impact performance analysis, describing each step of the analytic process the GIIN has developed that can be used for aggregate investment-, fund-, or portfolio-level analyses.

In November 2020, the GIIN released a first of its kind analytic methodology for understanding and comparing impact performance. This paper underwent a public comment period, which garnered feedback from 367 individuals representing over 150 organizations on the methodology, which can be found here. Many of these participants are GIIN Members, the current list of whom can be viewed here. COMPASS incorporates this feedback into this revised version of the methodology.

https://thegiin.org/research/publication/compass-the-methodology-for-comparing-and-assessing-impact

IMPACT INVESTING DECISION-MAKING: INSIGHTS ON FINANCIAL PERFORMANCE

2021, Global Impact Investing Network. Dean Hand, Sophia Sunderji, Noshin Nova, Indrani De

"Impact Investing Decision-making: Insights on Financial Performance" uncovers insights into financial performance and explores the increasing sophistication with which impact investors are approaching decision-making. Specifically, it finds that impact investors are applying a multi-dimensional approach to decision-making, considering impact objectives and impact risks alongside traditional factors such as financial return, financial risk, resource capacity, and liquidity constraints. Experienced impact investors exercise this dynamic approach to assess how they can most efficiently achieve their optimal impact and financial performance. This dynamic decision-making highlights growing maturation within the industry as impact investors are becoming more sophisticated in their approaches to performance management and capital allocation.

Drawing on data from six of the industry’s existing financial performance studies, this report also offers a synthesis of impact investment financial performance and additionally analyzes the GIIN’s 2020 Annual Impact Investor Survey responses of 161 impact investors seeking risk-adjusted, market-rate returns. This report also highlights practical examples of leading impact investors, including: Anthos Fund & Asset Management, IDP Foundation, Inc., Incofin Investment Management, UBS Global Wealth Management & UBS Optimus Foundation, and Vox Capital, offering an inside look at how various facets influence their decisions on capital allocation and performance management.

The report confirms earlier findings from the GIIN’s research around financial performance of private debt, private equity, and real assets and expands on this research to focus on various facets of impact investment performance, including risk, financial return, and impact.

https://thegiin.org/assets/Impact%20Investing%20Decision%20making_Insights%20on%20Financial%20Performance.pdf

NAVIGATING IMPACT MEASUREMENT AND MANAGEMENT HOW TO INTEGRATE IMPACT THROUGHOUT THE INVESTMENT JOURNEY

2021, European Venture Philanthropy Association.

Picón Martínez A., Gaggiotti G., Gianoncelli A.

This report summarises the main elements to be taken into account to measure and manage impact throughout the investment strategy and the investment process, linking each phase to the relevant steps of the EVPA five-step framework.

To clarify how the EVPA five-step process and other IMM initiatives are linked and complement each other, this publication also refers to different principles or standards throughout the investment journey, such as the Dimensions of impact of the Impact Management Project, the Operating Principles of Impact Management, the Principles of Social Value and the SDG Impact Standards.

https://evpa.eu.com/download/start/EVPA_Navigating_IMM_report_2021.pdf

INSTITUTIONAL ASSET OWNERS: APPROACHES TO SETTING SOCIAL AND ENVIRONMENTAL GOALS

2021, Global Impact Investing Network.

Dean Hand, Sophia Sunderji, Uma Kommineni

Institutional asset owners are increasingly interested in incorporating social and environmental factors into their portfolios and investments strategies. The pandemic, the climate crisis, and other social and environmental challenges have all signaled a fundamental need for change – to allocate more capital into investment products that incorporate some consideration for the real-world outcomes that the investments generate.

Institutional asset owners have an immense opportunity to generate change, as they possess both the capital and scale to address the world’s most pressing social and environmental challenges while meeting their fiduciary duty. In order to achieve this potential, institutional asset owners must set impact priorities and targets; however, many face challenges doing so. This research brief is the first in a series, focused on helping such asset owners do this work more efficiently and effectively.

The report dives into these investors’ approaches to setting impact priorities and targets – unpacking challenges they face when assessing impact priorities, identifying ways of turning these challenges into opportunities to achieve greater impact, and outlining next steps investors can take to set targets and integrate social and environmental priorities into their investment processes. Specifically, the report offers insights and practical examples into how institutional asset owners are integrating real-world outcomes, or impact, into their portfolios and investment strategies alongside risk and return and within a fiduciary context.

https://thegiin.org/assets/Institutional%20Asset%20Owners_Approaches%20to%20setting%20social%20and%20environmental%20goals.pdf

IMPACT INVESTING: REVIEW AND RESEARCH AGENDA

2021, Journal of Small Business and Entrepreneurship.

Agrawal Anirudh, Hockerts Kai

Impact investing is an emerging alternative asset class. In the last few years, the investment in impact investing has grown many folds, however the research has not kept pace with the growing practitioner interest. The lack of knowledge about the field coupled with the lack of knowledge production of field might be dangerous in the long run. This is a systematic review of impact investing. This systematic review involves study of 85 published articles and reports. This literature was collected using the harzing’s publish or perish academic search engine and cross-checked against databases such as JSTOR and Web of Science. This review has four major contributions. First, the study reveals a unique longitudinal perspective on how the field is evolving and moving from pre-paradigm stage to the stage of proper scientific inquiry. It reveals that the field is evolving, as the reviewed literatures find that a higher number of empirical works were published recently. Second, the field impact investing is unique on six characteristics namely (1) capital invested, (2) degree of engagement with the investee, (3) process of selection, (4) social and commercial outcomes, (5) reporting outcomes, and (6) government role. Third, it reveals that the scholarship in the field has been mostly exploratory. Only recently the field is engaging in confirmatory studies. The research methods have used existing databases or existing single or multiple case studies. Finally, the field has to delve deeper into concepts like selection process, stakeholder management, opportunity recognition, and performance reporting to move the field forward and generate applied knowledge.

https://research.cbs.dk/files/61429775/anirudh_agrawal_et_al_impact_investing_acceptedversion.pdf

IMPACT INVESTING AND PHILANTHROPIC FOUNDATIONS: STRATEGIES DEPLOYED WHEN ALIGNING FIDUCIARY DUTY AND SOCIAL MISSION

2021, Journal of Sustainable Finance & Investment.

Badri Zolfaghari

This article investigates the factors that prevent and facilitate impact investing strategies for philanthropic foundations to align their capital with their mission. Using qualitative data from foundations in both the US and South Africa, we identify five factors (i.e. mandate and country legislation, internal skills capacities, supporting infrastructure, market capacity and strong leadership) that pertain to the international foundations located in the North, and three factors pertaining to foundations in the South (i.e. understanding of fiduciary duty, the role of financial advisors and tax legislation) which influence the deployment and uptake of impact investing strategies. Findings also suggest that the adoption of a total portfolio management approach is the most adequate strategy to align fiduciary duty and mission, and therefore resolve this ethical tension that can be present in foundations. It concludes with suggestions for future theory and practice.

https://www.tandfonline.com/doi/abs/10.1080/20430795.2021.1907090

THE “GOLD STANDARD” OF IMPACT BEST CASES AND PRACTICES FOR MEASURING THE SOCIAL IMPACT OF BUSINESS

2021, The Institute for Emerging Markets Research of the SKOLKOVO Business School (IEMS).

Natalia Zaitseva, Kamila Novak

The final report includes a set of practical tools that were developed by the SKOLKOVO IEMS team based on the experience and identified “reference" practices used by the surveyed leading companies when building an effective sustainable development management system and social impact assessment.

https://www.researchgate.net/profile/Kamila-Novak/publication/355712271_ZOLOTOJ_STANDART_IMPAKTA_LUCSIE_KEJSY_I_PRAKTIKI_PO_IZMERENIU_SOCIALNOGO_VOZDEJSTVIA_BIZNESA/links/617ab86f53e51e1f94d35/ZOLOTOJ-STANDART-IMPAKTA-LUCSIE-KEJSY-I-PRAKTIKI-PO-IZMERENIU-SOCIALNOGO-VOZDEJSTVIA-BIZNESA.pdf

TOWARDS A UNIFYING FRAMEWORK OF IMPACT ASSESSMENT IN IMPACT INVESTING

2021, Theories of Change: Change Leadership Tools, Models and Applications for Investing in Sustainable Development.

Swee-Sum Lam, Xiang Ru Amy Tan

This chapter highlights key challenges of impact assessment and argues for a unifying framework of impact assessment in impact investing. Given the current absence of common language for what impact is, and the diversity in methodological approaches and methods of how impact may be assessed, a unifying framework would facilitate comparisons of performance of impact investment funds.

Philanthropic organizations, foundations, investors and fund managers could benefit from such a unifying framework to assess, compare and aggregate impact across all investee firms, portfolios, and firm types in a spectrum of Social Purpose Organizations (SPOs) and overtime. Furthermore, a unifying framework could provide contemporaneous assessment of a SPO’s double or multiple bottom lines, as well as evaluate and manage intended and unintended outcomes of an intervention. These are essential for managerial decision making, business model pivoting or impact scaling. We advocate social impact as that which derives from an impact value chain where we distinguish outputs from outcomes and impacts. We further purpose that the Global Impact Investing Network (GIIN)'s characterization of impact investing can provide a unifying framework for impact assessment along this impact value chain.

https://www.google.com/books?hl=ru&lr=&id=-g8tEAAAQBAJ&oi=fnd&pg=PA77&dq=impact+investing+evaluative+tools&ots=-MJtJSIVr6&sig=emcZDl4gFNZR0PNWP64SkhxltK4

IMPACT OF THE PSE IN INDIA, KENYA & RUSSIA: COUNTRY CASE STUDIES

2021, WINGS, Sattva, The Vladimir Potanin Foundation, East Africa Philanthropy Network (EAPN).

Aarti Mohan, Sanjana Govil, Nikita Damle, Samridhi Puri, Barry Knight

This study examines philanthropy support organisations (PSOs) in India, Russia and Kenya, to understand their role in driving the growth and development of philanthropy, giving, and private social investment in these countries. The study examines the development of the sector in each country, by assessing its size, scope and other characteristics. There is some attempt to understand the individual and collective impact of PSOs in each country.

https://wings.issuelab.org/resource/impact-of-the-pse-in-india-kenya-russia-country-case-studies.html

Новая жизнь издательского проекта «Каталог «Социальное предпринимательство России»

Владимир Вайнер

В 2014 году Фонд развития медиапроектов и социальных программ Gladway представил первый каталог «Социальное предпринимательство России». Его печатная версия, изданная при поддержке Фонда «Наше будущее» тиражом 3000 экземпляров, сразу стала бестселлером, ежегодная электронная версия скачивается в среднем около 5000 раз на протяжении пяти лет, участниками стали сотни предприятий, а читателями десятки тысяч человек во многих странах мира. Партнерами проекта в разные годы выступали: ЦСИО «Соль», Impact Hub Moscow, Фонд «Навстречу переменам», «Союз женщин России», Объединенная металлургическая компания (АО «ОМК») и многие другие. К 2022 году формат и содержание проекта меняются: ключевым фокусом внимания становится оценка социально-экономического воздействия, материалы публикуются в специальной рубрике журнала «Позитивные изменения» раз в квартал на русском и английском языках.

В этом выпуске представлены кейсы социальных предприятий, которые первыми предоставили материалы по запросу редакции. Очень разные, но объединенные пониманием значимости импакт-подхода в инновационном и социальном секторе экономики.

Владимир Вайнер,

директор «Фабрики позитивных изменений»

УНИВЕРСИТЕТ ДЕТСТВА. КРУТЫЕ ПРАКТИКИ МЕЖДУНАРОДНАЯ ПРАКТИЧЕСКАЯ ОНЛАЙН-КОНФЕРЕНЦИЯ

https://youtu.be/zdikeQknjq8

Видео

https://soindex.ru/products/view/427

Ссылка на продукт Product Reference

https://soindex.ru/services/view/360

Ссылка на услугу

Конференция для тех, кому интересен лучший мировой опыт в дошкольном образовании, кто готов узнавать, общаться и профессионально расти.

РЕШАЕМАЯ ПРОБЛЕМА

В 2013 году был принят Федеральный стандарт дошкольного образования, закрепивший подход, ориентированный на детское развитие, на самореализацию ребенка. Сегодня, по данным ФИРО РАНХИГС, 77 % педагогов дошкольных учреждений все еще признаются в наличии сложностей при переходе к ориентированной на ребенка педагогике. Одна из причин этого лежит в институциональной инерции всей системы дошкольного образования. Существует огромное число курсов повышения квалификации, но лишь малая часть имеет практико-ориентированную направленность.

«Университет Детства» создал формат практической онлайн-конференции, позволяющей педагогам дошкольного образования повысить квалификацию и узнать больше о качественном дошкольном образовании на примере эффективных мировых практик.

Сфера: Образование

Где: Москва и Московская обл.

Год основания: 2020

Основатели: Рыбакова Екатерина (вдохновитель и идеолог, учредитель), Быкадорова Ирина (руководитель, генеральный директор)

Целевая аудитория: Родители с детьми, дошкольники, студенты, взрослые от 30 до 60 лет, некоммерческие организации и др.

Оборот: Выручка Q2-Q3 2020 г. – 1 200 000 руб.

Требуемые инвестиции: Партнерство – 1 000 000 руб.

Методы оценки воздействия: Опросы, анкетирование, интервью

Адрес: 125167, Москва, Ленинградский проспект, 36, корпус 11, [phone]

Почта: [e-mail]

Сайт: https://universityofchildhood.org/

ИСПОЛЬЗУЕМЫЕ СПОСОБЫ РЕШЕНИЯ

Международная практическая онлайн-конференция «Университет детства: крутые практики» (International practical on-line Conference «University of Childhood: Noteworthy Practices»), проводимая на двух языках, позволяет практикам, исследователям и будущим педагогам дошкольного образования из разных уголков мира встретиться на одной площадке, узнать и обсудить проверенные подходы, программы и технологии.

«Университет детства» объединил формат научной онлайн-конференции и интерактивного телевизионного шоу, предоставил возможность бесплатного участия всем заинтересованным педагогам и дал возможность личного общения слушателей с крутыми практиками мирового дошкольного образования.

ДОСТИЖЕНИЯ И НАГРАДЫ

Шорт-лист премии в области связей с общественностью Proba Awards в номинации «Международные коммуникации 2020 года».

ПРИВЛЕЧЕННЫЕ ЗА ГОД РЕСУРСЫ

Средства из бюджета Фонда семьи Рыбаковых на реализацию проекта.

ЧТО СДЕЛАНО ЗА ТЕКУЩИЙ ГОД

Создан уникальный формат проведения, сочетающий научную конференцию и телевизионное шоу. Создан сайт конференции на двух языках. Специально организована среда на сайте конференции для возможности максимального вовлечения участников в работу конференции (голосование, комментарии, онлайн-общение, вопросы спикерам и др.). Получено согласие на участие от спикеров из США, Италии, Финляндии, Сингапура, Франции и России.

Соорганизатор конференции – Институт ЮНЕСКО по информационным технологиям в образовании ООН по вопросам образования и культуры. Заключены соглашения с партнерами и информационными партнерами конференции. Проведена PR-кампания в 40 странах мира, привлечено более 15 000 участников. Проведена первая конференция «Университет детства: крутые практики».

МОДЕЛЬ ФИНАНСОВОЙ УСТОЙЧИВОСТИ:

Выручка складывается из реализации платных пакетов участия и привлечения средств партнеров. По результатам первого мероприятия конференция показала положительный финансовый результат.

ПРЯМЫЕ РЕЗУЛЬТАТЫ ЗА ТЕКУЩИЙ ГОД

В конференции приняли участие более 15 000 специалистов дошкольного образования. Получена высокая оценка конференции со стороны профессионального и экспертного сообщества.

СОЦИАЛЬНЫЕ ЭФФЕКТЫ, ДОСТИГНУТЫЕ ЗА ТЕКУЩИЙ ГОД

Более 15 000 педагогов из 40 стран мира получили доступ к подходам и практикам дошкольного образования мирового уровня, обогатили свой профессиональный опыт технологиями личностно ориентированного дошкольного образования, что позволит улучшить образовательную среду в детском саду по меньшей мере у 300 000 детей раннего возраста.