43317
October 2024
PBII is a new, collaborative approach to impact investing and place-based sustainable development. At its core, PBII is about investing in a way that responds to local needs and delivers benefits to local people and places.
The PBII Reporting Framework offers a transparent, consistent, and comparable approach for asset owners and asset managers to report on their portfolio performance from a UK sustainable development and place-based impact perspective. It provides insights into the underlying assets, their locations, the outputs they generate, the potential outcomes, the types of impact created, and how their investment strategies align with PBII.
The Good Economy (TGE) developed the framework in collaboration with a group of Local Government Pension Scheme (LGPS) funds and institutional asset managers following the 2021 publication of the White Paper, Scaling Up Institutional Investment for Place-Based Impact, in partnership with the Impact Investing Institute and Pensions for Purpose.
The Good Economy, said:
“This report is the first of its kind by an asset manager. We commend Gresham House for their willingness to carry out this portfolio review. It helps demonstrate the investment opportunities that exist across the PBII pillars. We hope such transparent reporting is widely adopted and used to improve market information and align stakeholder interests across the investment value chain to scale-up institutional investment that delivers on sustainable development for the UK and all its communities.”