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A new report from the Netherlands Advisory Board on impact investing finds that Dutch pension funds, asset managers, insurance companies, and banks are on track to invest at least 10% of their assets in impact investments by 2025but they're not there yet, the Guardian reports.
According to the New York Times, the NABwhich represents Dutch pension funds, banks, and insurance companiesset a target in a 2022 report for Dutch pension funds, asset managers, insurance companies, and banks to invest at least 10% of their assets in impact investments in order to help reach the UN's Sustainable Development Goals.
But the NAB says it's not fast enough to meet that target, and it wants policymakers to develop "stable, long-term policies to support and encourage impact investing, and integrate impact considerations into broader government initiatives."
The report also calls on the impact investing community to " refine its definition of impact investing, foster cooperation and knowledge-sharing, and support efforts to harmonise international reporting standards."
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