DNB-supported handbook guides investors on impact integration
De Nederlandsche Bank (DNB) has published a new handbook to help institutional investors systematically integrate impact considerations into their investment processes. The document provides a structured overview of current approaches to defining, measuring, and governing impact.
Learning by doing for practical integration
The handbook places strong emphasis on a 'learning by doing' approach, providing practical examples and best practices collected from across the financial sector.
These insights demonstrate how institutional investors are currently addressing impact objectives, measurement, and decision-making processes.
The document aims to foster mutual learning and offer concrete starting points for institutions seeking to further develop their own impact integration strategies.
This approach ensures that the guidance is grounded in real-world application, allowing for flexibility in investment strategies and varying levels of institutional maturity.
It promotes a shared understanding of impact integration principles without prescribing a single methodology, thereby supporting diverse market practices.
The structured overview covers current approaches to defining, measuring, and governing impact, ensuring a comprehensive yet adaptable framework for investors.
Broad collaboration shapes the guidance
The handbook is a product of extensive sector-wide cooperation.
The Integrating Impact Working Group, chaired by PGGM Investments, includes representatives from major financial institutions such as a.s.r. asset management, Achmea Investment Management, APG Asset Management, De Nederlandsche Bank (DNB), NN Group, Stichting Pensioenfonds PME, and Triodos Bank.
Additional input came from a broader network of Dutch financial institutions.
The Sustainable Finance Lab (SFL) contributed research-based insights.
The Dutch Fund and Asset Management Association (DUFAS) and the Federation of the Dutch Pension Funds provided crucial support and sponsorship, reflecting the sector's shared interest in advancing impact integration knowledge and collaboration.
Crucial first step, long road ahead
This handbook provides a much-needed common basis for dialogue on impact integration, addressing a complex and evolving field.
While its 'learning by doing' approach is pragmatic, the inherent subjectivity of impact measurement will remain a significant challenge for consistent application.
Therefore, its success hinges on continuous updates and active engagement from the financial sector to truly drive change.