The GSG and ITF join the new Impact Investment Initiative for Global Health as knowledge and implementation partner, endorsed by the Japan Presidency of the G7
The Global Steering Group for Impact Investment (GSG) is delighted to join the Japan Presidency of the G7 in its endorsement of the Impact Investment Initiative for Global Health (IIIGH).
Announced today, the GSG and the Impact TaskForce (ITF) set up by GSG will join this initiative for impact investing towards global health as knowledge and implementation partner. The ITF was set up in 2021 with the support of the UK G7 Presidency to look at how we accelerate the flow of private capital looking to make a positive social or environmental impact.
The use of impact investing and impact tools will be a significant driver in achieving the SDG3 goal of ensuring global health, particularly in emerging markets, where the most urgent needs exist. The GSG and the ITF will work with partners to raise awareness of the most impactful opportunities for private investment in global health, showcase best practice in deployment and impact transparency, and gain insight into how public-private collaboration can facilitate more private investment for positive impact, and more consistent metrics for measurement of impact on the global health SDG. The GSG and ITF are expecting to work with health agencies towards a launch at UNGA in September 2023.
GSG and ITF Chair Nick Hurd commented on the partnership:
“There will never be enough public money to deliver on the global goals. So it is great to see G7 recognition that more needs to be done across many sectors to mobilise private capital for positive impact. GSG and the Impact Taskforce congratulate Japanese leadership in launching the new Impact Investment Initiative for Global Health. We look forward to working with other implementation partners to make it a success.”
Cliff Prior, GSG CEO, also noted:
“We emphasise the important role of the private sector towards sustainable financing in global health, including through impact investments and endorse the Triple I (Impact Investment Initiative) for Global Health.”