events and ongoing initiatives, GSG Impact JAPAN plays a pivotal role in channeling more capital into the sector, promoting the growth of impact investing and the social impact economy in Japan. In addition to the roundtables, GSG Impact JAPAN has also contributed to the publication of key reports and data insights, such as the size of the impact investing market and the development of impact measurement tools (IMM). While SIIF’s work with GSG Impact JAPAN plays a central role in its mission to foster Japan’s impact investing ecosystem, SIIF also builds partnerships beyond its involvement with the GSG Impact JAPAN. Figure E illustrates many organizations in the network of collaborators SIIF engages with—ranging from financial institutions and government agencies to social enterprises and policy-driven organizations. Some of these collaborators are directly investing in SIIF’s initiatives, such as Mizuho Bank, which invested in the Hiroshima Prefecture Colon Cancer SIB, or Shinsei Bank with the Hataraku Fund. Other partners, including the Cabinet office, FSA, and organizations like SIMI, collaborate with SIIF on policy initiatives, impact measurement, and advancing public-private partnerships. Figure E: Examples of Impact Economy Stakeholders in Japan
The Japan Impact-driven Financing Initiative has sixty-four signatories of major institu- tional investors and financial organizations since the launch in 2021
GSG Impact JAPAN is a decade-long partnership at the center of impact investing in Japan. Now transitioning from impact investing to impact economy
Investors/ Philanthropists
Financial Services Agency releases final “Basic Guidelines on Impact Investment” in 2024
Keidanren (Japan Business Federation) Report on Impact Dialogue
Impact Startup Association est. in 2022
PM Kishida’s administration centers on “impact” in its national strategy for FY22/23
Impact Economy
Businesses (Investees)
Government
PFS/SIB Office established in the Cabinet Office in 2019
Zebras and Companies (est. 2021) for Zebra Movement
Keizai Doyukai (Japan Association of Cor- porate Executives) has an Impact Fund for Investment in Africa (“and Capital Inc.”)
Ministry of Economy, Trade and Industry (METI) supports Impact Startups with “J Startup Impact” program
Consumers
B market builder Japan bringing attention to Impact companies
Consumer Affairs Agency promotes ethical and sustainable consumption
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Ten Years in the Making
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