Phase one launched at the AVPN Global Conference 2024 will provide social investors with investor-grade impact data to make funding decisions
ABU DHABI, UNITED ARAB EMIRATES / SINGAPORE, 24 APRIL 2024 – AVPN, the largest network of social investors in Asia, today launches ImpactCollab, an outcomes-based social investing system, developed with the support of the Monetary Authority of Singapore (MAS). Tailored for financial institutions, family offices, ultra-high net worth individuals and impact organisations across Asia to facilitate philanthropic giving and impact investing, the system aims to scale philanthropic capital deployment both domestically and globally.
To kick-off the first phase of this three-year initiative, AVPN launched the Social Outcomes Platform, Asia’s first impact data registry, powered by its impact data standards to validate and evaluate social programmes by their cost per result and effectiveness. The full suite of the ImpactCollab system will also include cross-border capital deployment capabilities to enable data-driven, outcomes-based philanthropic giving and social investing that complies with cross-border regulatory and due diligence requirements.
The launch of ImpactCollab aligns with Singapore’s strategic goals to position itself as Asia’s centre for philanthropy. As the 2030 deadline for achieving the Sustainable Development Goals (SDGs) draws near, Asia faces an urgent need to bridge a USD 1.5 trillion funding gap. However, the majority of donated philanthropic funds only reach 5% of charities and impact organisations, signalling an urgent need for more efficient capital deployment. According to market research, the impact investing market alone is expected to grow to nearly USD 1 trillion in 2027.
While philanthropists are increasingly keen to contribute more intentionally and effectively, the existing due diligence process remains resource intensive, and knowledge gaps and risk mitigation challenges in cross-border giving are some of the key deterrents that have held back potential donors. The impetus for a transformative system enabling more informed capital deployment towards meaningful change is greater than ever.
The Social Outcomes Platform is built in partnership with OutcomesX, a social outcome exchange, and provides a neutral, unbiased way to quantify the annual outcomes of what impact organisations do. The Social Outcomes Platform’s impact data standards make it possible for any impact organisation to verify social outcomes, and enable impact organisations to access capital and funding based on objective and measurable impact results. More importantly, the platform will provide social investors access to reliable, investor-grade impact data to use in making funding decisions. By creating a common language between capital funders and impact organisations to better align their goals and desired outcomes, this impact data registry strengthens trust and enables collaboration across the ecosystem.
The system will also offer the critically-needed Know Your Clients (KYC), Know Your Business (KYB), and Know Your Impact (KYI) due diligence resources required for facilitating cross-border philanthropic giving.
Kevin Teo, Chief Operating Officer at AVPN, said, “The SDGs funding gap highlights the urgent need to expand the social investing capital deployment. Not only is it crucial to bring new donors on board, it is equally critical to enable alignment, transparency, and trust in the social investor ecosystem. The ImpactCollab system, including the Social Outcomes Platform, allows us to contribute our expertise and play a pivotal role as a neutral and unbiased network builder to offer donors in Asia a bold solution to mobilise the necessary investments for impact in Asia. With Phase One, we are standardising the data-driven, outcomes-based impact valuations for potentially up to 1,200 impact organisations, which allows us to bring together funders and impact organisations that are aligned on shared impact outcomes. While this is the first step to facilitate more impactful regional philanthropic endeavours, we believe this is an important development to encourage more donors to participate in philanthropic giving for the pressing needs across Asia.”
Gillian Tan, Assistant Managing Director (Development and International) and Chief Sustainability Officer at MAS, said, ”In line with MAS’ vision for Singapore to become Asia’s Centre for Philanthropy, ImpactCollab will facilitate greater cross-border evidence-based and innovative modes of philanthropic giving by providing objective and trusted due diligence and impact measurement tools. Alongside efforts to deepen Singapore’s philanthropic advisory talent pool and the Philanthropy Tax Incentive Scheme, ImpactCollab will support the mobilisation of wealth as a force for good”.
The development of the full suite of the ImpactCollab platform system is currently underway, led by AVPN’s product team on cross-border regulatory and compliance requirements. The next phase of ImpactCollab will include a broader pipeline of impact organisations, due diligence resources, cross-border donations, impact reporting and management, further enhancing philanthropic giving from wealth holders in Asia towards impact organisations across the region.
ImpactCollab will be made available for AVPN members, financial institutions, family offices and ultra-high net worth individuals in Asia.
About AVPN
AVPN is the largest network of social investors in Asia, comprising over 600 funders and resource providers across 33 markets. With over a decade of expertise and deep understanding of regulatory and process requirements, our mission is to increase the flow and effectiveness of financial, human, and intellectual capital in Asia by enabling members to channel resources towards impact. As an ecosystem builder, AVPN enables its members to connect, learn, act, and lead across key pillars and improve the effectiveness of deployed capital, bringing local field needs, regional expertise, and policy insights to the forefront. For more information about AVPN , please visit our website and read our latest Annual Review 2022/23.
About AVPN Global Conference 2024
The AVPN Global Conference, the largest annual networking event for social investors active in Asia, brings together leaders from Asia and beyond to collectively envision an impactful future that is inclusive, equitable and sustainable. The Conference is an opportunity to build trust between social investors, philanthropists and community impact leaders that will be essential to closing the Sustainable Development Goal (SDG) gaps in Asia on the four main pillars of Climate Action, Gender Equality, Resilient Healthcare and Youth Opportunities. Alongside the Conference is also a dedicated AVPN Impact Investing Day, the first-of-its-kind large-scale impact investment-focused convening in Asia, featuring global and Asian investors, funders as well as Limited Partners including Asset Managers, Family Offices, and Institutional Investors.
For more information about the AVPN Global Conference 2024, please visit the official website.
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