Annual Impact Review 2024

Practical perspectives on impact-driven value creation

A co-developed publication by Trill Impact and Value for Good, exploring how investors can generate both financial returns and measurable impact, by applying impact-driven value creation systematically along the investment lifecycle.

Subheadings

About the publication

With impact assets under management exceeding $1.5 trillion globally, the ability to demonstrate tangible impact alongside financial returns can be a key differentiator for investors, especially in times of economic uncertainty. While this link has been widely discussed, practical guidance has remained limited. "Practical perspectives on impact-driven value creation" addresses this gap, by showing how to translate ambition into action.  

The publication outlines how investors can drive both financial returns and impact outcomes by integrating impact-driven value creation in a structured way along the investment lifecycle. It introduces a practical framework with nine levers and a list of potential initiatives to support those, illustrated through real-world case studies from Trill Impact’s portfolio. The publication was published on May 27th 2026.

Download

This publication is co-developed by Trill Impact and Value for Good (VfG) and explores how investors can generate both financial returns and measurable impact, by applying impact-driven value creation systematically along the investment lifecycle.

Download: Practical perspectives on impact-driven value creation

Authors

This publication is the result of contributions from many professionals and experts. 

Hetal Damani_Website

Hetal Damani, Impact Partner, Trill Impact

Hetal is an Impact Partner with more than 20 years of industry experience within sustainable and impact investing across the asset management industry, including private equity, public equities and private debt. Before joining Trill Impact, she held related roles at Nordea Asset Management, SEB Investment Management, 3i Group plc and ABN Amro Bank.

Niclas During_

Niclas Düring, Impact Partner, Trill Impact

Niclas is an Impact Partner with more than 20 years of industry experience within impact and ESG investing, private equity and strategy consulting. Before joining Trill Impact, he held roles at Steward Redqueen, Swedfund International, CDC Group plc / British International Investment, McKinsey & Co., Hitachi/Celerant Consulting, and as a Consultant to the World Bank Group.

Alice Hohenlohe

Alice Stappen, Impact Manager, Trill Impact

Alice is an Impact Manager and before joining Trill Impact, she was a Consultant at the Boston Consulting Group, specialising in Industrial Goods, with a focus on strategy and sustainability.

Thomas

Thomas Brand, Director Private Sector Impact, Value for Good

Thomas Brand is the Director Private Sector Impact at Value for Good, where he works with traditional and impact investors and their portfolio companies on impact strategy, the integration of impact into the investment process, and impact-driven value creation. Prior to joining Value for Good, he worked at Bain & Company and the World Bank.

Beatriz

Beatriz Garabosky, Senior Consultant, Value for Good

Beatriz Garabosky is a Senior Consultant at Value for Good. Her work focuses on enabling organizations across global development, the private sector, and civil society to drive impact through their projects. Prior to joining Value for Good, Beatriz worked at the Boston Consulting Group and the United Nations.

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