LGT Venture Philanthropy is a signatory of the Operating Principles for Impact Management and has confirmed its alignment through an independent verification.
In April 2019, LGT Venture Philanthropy (VP) joined 58 other investors in becoming the first signatories of the Operating Principles (Principles) for Impact Management. They were developed by leading impact experts to provide a clear common market standard for what constitutes impact investing. The Principles are designed to bring greater transparency, accountability, credibility, and discipline into the market for companies seeking to generate positive social and environmental impact.
LGT Venture Philanthropy commissioned Tideline, an impact management consultancy, to verify its alignment to the Principles. Tideline conducted a thorough and complete review of LGT VPs Impact Management and Measurement system (IMM) and found a strong alignment with most of the Principles.
The verification process highlighted distinctive strengths and identified areas for improvement.
LGT VP's disclosure statement can be accessed here and Tideline's verification here.
Oliver Karius, CEO at LGT Venture Philanthropy Foundation said:
"We are proud to be a part of the first cohort of signatories to the Operating Principles for Impact Management. Creating impact sits at the heart of what we do and the verification of our Impact Measurement and Management framework against the Principles illustrates our commitment to develop and implement industry best practices, leading to positive and measurable impact."