Restitution du Groupe de travail européen sur l’Additionnalité de la Commission Impact de France Invest.
Three European private capital associations — France Invest (France), ActiveOwner (Denmark), and SpainCap (Spain) — have contributed examples in this practitioners’ paper to illustrate the role of investors in impact investing within private capital. These real-life examples are shared for informational purposes, to support others in their journey toward impactful investment.
What is “Investor Contribution”? Beyond just intention, impact investors actively contribute to achieving of net positive impacts. Not only their capital, but also their non-financial support serve as catalysts, driving change and accelerating solutions to pressing challenges, which differentiates impact investors from conventional and ESG ones. Investor contribution encompasses the broad spectrum of resources an investor provides to their investees to foster additional impact. “Investor contribution” refers to the additionality of the investor, to its own impact. It needs to be differentiated from the “asset additionality” which refers to the unique benefit that a company provides, that would not have occurred without that specific company.