Collaboration and Policy Initiatives As SIIF continues to expand its partnerships, its influence reaches beyond merely fostering collaboration to actively shaping policy. Working with government entities, SIIF advocates for the codification of impact investing principles and the creation of policies that support a thriving impact economy. These efforts, grounded in practical experience and strategic insight, have found their way into government documents and are making their way into policies that will shape the future of Japan’s impact investment landscape. Beyond organizational advocacy, SIIF members actively contribute to shaping the impact agenda through prominent committee roles. For example, Mitsuaki Aoyagi participated in the Cabinet Secretariat’s study group on public-private partnerships for global health initiatives; 20 Nanako Kudo served on the J-Startup Impact Consortium’s selection committee, identifying thirty high-potential impact startups for program support; 21 and SIIF advisor Takeshi Mizuguchi, in his capacity as President of Takasaki City University of Economics, chaired GSG Impact JAPAN and FSA’s Impact Investing Roundtable, a workshop series advancing sustainable finance. 22 Aoyagi has also been a vocal member of the Liberal Democratic Party’s “New Capitalism Action Headquarters,” where SIIF was among the few private sector participants advocating directly to lawmakers. In 2022, SIIF’s policy recommendations, developed under Michiru Toda’s leadership and endorsed by GSG Impact JAPAN, called for stronger data and evidence of impact, expanded catalytic capital, and enhanced public- private partnerships. These efforts, alongside presentations by SIIF’s Aoyagi, Kudo, Sugeno, and Amma, contributed to the creation of the Impact Consortium and the Impact Data working group. SIIF’s advocacy extends beyond committee rooms. It has contributed to foundational policies like the Cabinet Office’s 2020 Basic Policy for Economic and Fiscal Management and Reform (the “Basic Policy”), the 2022 Grand Design and Implementation Plan for New Capitalism , and the FSA’s 2023 Basic Guidelines for Impact Investment (Impact Finance). These policies are pillars of Japan’s impact investing ecosystem. Specific contributions on SIBs include influencing METI’s 2023 Promotion of PFS/SIBs and the Cabinet Office’s 2021 Common Guidelines for Performance-Linked Private Contracting Methods . Over time, the practical aspects of promoting impact investment
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Ten Years in the Making
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