Concept Paper on Impact Finance


Aiming to have positive impacts on the environment, society and economy while securing appropriate risk and return, Positive Impact Finance Task Force was established under ESG Finance High Level Panel in March 2020. The task force is assigned to share a common understanding of the concept and develop impact assessment methods.

Since July 2020, through vigorous discussions in the three Task Force meetings and the opinion exchange meeting with relevant parties, various opinions from broad perspectives have been presented by the Task Force members and market participants. Based on these ideas, the "Concept Paper on Impact Finance" is formulated.

2.Contents of "Concept Paper on Impact Finance"

This paper defines impact finance as a progressive form of ESG finance, which pursues the impact on environment, society and economy, and aims to mainstream impact finance with the large financial flow. The first step is to promote the implementation of impact finance by major financial institutions and institutional investors.

This document summarizes the significance of impact finance, the four elements to be met, and the basic flow of the finance, etc. For more details, please see the following documents.

Positive Impact Finance Task Force