There are opportunities for governments to expand their policy toolbox and grow private capital for public good to deliver better outcomes
There are opportunities for governments to expand their policy toolbox and grow private capital for public good to deliver better outcomes
Invest in infrastructure such as investment readiness funds and an impact investing wholesaler to scale the Australian market and support intermediary development
Increase the “spill over” effects of economic growth and explicitly design for and measure targeted impact outcomes
Design and implement a government commissioning and procurement framework with impact and outcomes as key components
Strengthen the culture of measurement and evaluation and results based policymaking
Call for EOIs which leverage the multiplier effect of impact investing for priority areas of government spending
Provide flexible capital in co-investment models to crowd in market capital
Expand the policy toolbox and build public sector capacity for the future
Support key actors, such as social enterprises, to provide more diverse and effective means of meeting citizen needs and delivering a more resilient social sector
Create robust rules and standards requiring disciplined impact measurement and management by partners
Open up data accessibility and linking across government departments and layers of government (subject to privacy) and analyse and clarify the costs in key areas of social service provision
Convene key stakeholders around areas of policy priorities aligned with impact
Establish a dedicated unit as a ‘go to’ place for other impact investment actors
Increase measurement and transparency of outcomes for people and the planet from public funds
Develop authentic pathways for soliciting citizen input
Explore effective mechanisms for putting a price on outcomes (e.g. rate cards)
Act on regulatory impediments to impact investing with a flexible view to amendment
Consider strengthening regulations around impact disclosure requirements for corporations (e.g. potential adoption of integrated reporting, mandatory disclosure of impact for superannuation funds, Global Alliance for Banking on Values)