Put social need at heart of impact investing to grow market: OECD

By Astrid Zweynert LONDON (Thomson Reuters Foundation) - The fledgling market in investing for social good needs to base its decisions on target groups' needs and analyze what works and why in order to grow globally, the 34-nation think tank the OECD said on Tuesday. Social investment has become increasingly relevant as the public funds on offer in many countries decline and the problems facing some groups in society increase, the Organisation for Economic Co-operation and Development(OECD)said in a report. Much of the discussion about social impact investing (SII) has been dominated by which financial instruments are best suited rather than looking first at the needs of the beneficiaries, said Karen Wilson, the report's lead author. "You need to locate what the needs are, what the social issues are and then find innovative ways to address these problems," Wilson told the Thomson Reuters Foundation.



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