Funders push for social impact beyond profits
Nairobi, July 23 -- Funders such as multilateral lenders, donors and bilateral partners are increasingly demanding that businesses demonstrate returns beyond financial performance on investments supported by their capital.
The owners of capital are pushing local startups and other businesses to begin tracking their social impact, including metrics such as job creation, poverty reduction, access to credit, and affordable healthcare and clean water.
Financiers and philanthropists backing multilateral lenders such as the International Finance Corporation (IFC) and donors like the Gates Foundation are increasingly insisting that investments generate more than profits.
Social impact reporting is emerging as a key disclosure for businesses s...
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