Led by Sir Ronald Cohen, the taskforce brings together government officials and senior figures from the worlds of finance, business and philanthropy from across the G8 countries.
In order to inform governments and the worlds of finance and industry about what needs to be done to develop this important market, the taskforce will publish a report on their work in September 2014.
The first taskforce meeting was held at the White House in Washington, DC on 30 September to 1 October 2013. Read the agenda:
The second meeting was held in London on 4 to 5 December 2013. Read the agenda:
The third meeting was held in Berlin on 18 to 19 February 2014. Read the agenda:
The fourth meeting will be held in Paris on 7 to 8 April 2014.
The fifth meeting will be in London on 19 to 20 June 2014. A meeting post-publication of the taskforce report will be held in Rome on 28 to 29 October 2014.
The taskforce meetings will be followed by a webinar hosted by the Global Learning Exchange. The next one will be held in April 2014.
Members of the taskforce
The members of the taskforce serving during its first year of operation are:
- UK: Sir Ronald Cohen (Big Society Capital and The Portland Trust) and Kieron Boyle (Cabinet Office)
- Canada: Ted Anderson (MaRS Centre for Impact Investing) and Siobhan Harty (Employment and Social Development Canada)
- European Union: Peter Blom (Triodos Bank) and Ulf Linder (European Commission)
- France: Hugues Sibille (Crédit Coopératif) and Nadia Voisin (Ministry of Foreign Affairs) / Claude Leroy-Themeze (Treasury, Ministry of Economy and Finance)
- Germany: Brigitte Mohn (Bertelsmann Foundation) and Susanne Dorasil (Ministry for Economic Cooperation and Development)
- Italy: Giovanna Melandri (Uman Foundation) and Mario Calderini (Polytechnic University of Milan) / Mario Latorre (La Sapienza University Rome)
- USA: Matt Bannick (Omidyar Network) and Don Graves (Department of Treasury)
- Australia (observer): Rosemary Addis (Impact Investing Australia, Impact Strategist, Senior Fellow IIPC (initiative director Global Learning Exchange))
- Development Finance Institutions (observer): Elizabeth Littlefield (OPIC)
- Official Report: Matthew Bishop (The Economist)
The Cabinet Office will act as the secretariat of the taskforce until at least September 2014.
The taskforce is establishing a number of working groups to support its activities. These will bring together leading experts with the aim of:
- agreeing key principles and approaches
- providing relevant examples
- drafting papers to inform the work of the taskforce
Working groups are being set up in the following areas.
This group will seek to develop a set of general guidelines for impact measurement practice for use by social impact investors globally to ensure that impact measurement is widely recognised and employed as a fundamental part of the practice of social impact investing.
The group is chaired by Luther Ragin Jr from the Global Impact Investing Network and Tris Lumley from New Philanthropy Capital.
This working group will focus on how capital can be attracted to social impact investment from specific investor communities such as foundations, endowments, pension funds, commercial banking institutions, investment banks and individuals.
The group is chaired by Harvey McGrath from Big Society Capital.
International development and impact investing
This group will explore the role of impact investment in international development.
This is chaired by Sonal Shah from the Case Foundation.
This group will examine issues such as corporate forms, governance and legal protection as they relate to social ventures and mission-driven businesses.
The group is chaired by Cliff Prior from UnLtd.
In addition to the working groups, the taskforce will oversee the preparation of a report on the global social investment market by the Organisation for Economic Co-operation and Development (OECD).
This process is being led by Karen Wilson within the Directorate for Science, Technology and Industry within the OECD.
National advisory boards
The sector representatives of the taskforce are leading national advisory boards to examine ways of accelerating the growth of impact investment in the market.
These boards will bring together leaders of organisations active in social impact investment, philanthropic foundations, social enterprises and investment organisations. The national advisory boards are being chaired by the sector representatives for each taskforce member.
The boards are expected to continue meeting after the publication of the taskforce’s report in September 2014.
The chair of the taskforce, Sir Ronald Cohen, delivered a speech Revolutionising philanthropy: impact investment at Mansion House on 23 January 2014.
Some of the papers from the taskforce meetings are shared on Sir Ronald’s website.