The Japan Impact-driven Financing Initiative, launched in November 2021 with the signatures of 21 financial institutions, issued the “Japan Impact-driven Financing Initiative Progress Report 2024” (hereinafter “Progress Report”), which summarizes activities and progress in its third year. Members of the Impact-Oriented Finance Declaration are 21 financial institutions from various industries including banks, insurance companies, investment management institutions, and venture capital firms, with a common goal of solving environmental and social issues through finance. In this year’s progress report, similar to last year’s, we examined the impact investments made by the signatory institutions using the following three categories: those with “intention” and “strategy” but without “measurement” (vertical axis 0), those with “intention” and “strategy” and measuring outcomes (vertical axis 1), and those with “management” for impact generation in addition to measuring outcomes (vertical axis 2). The latter two categories (Vertical Axis 1+2) were classified as impact finance.The total balance of impact finance by 80 signatories (including 12 unlisted signatories) and 1 endorsing institution as of 2024 was 17.407 trillion yen.