SPTF Social Investor Working Group Update · SPTF Social Investor Working Group Update Thursday...

SPTF Social Investor Working

Group Update

Thursday October 18, 2018

Presented by SIWG co-chairs: Christophe Bochatay, Anna Kanze, and

Jurgen Hammer

Agenda

• Introduction

• Overview of the SIWG meeting in Luxembourg

• Update on SPI4 uptake

• Coordinating with the Impact Management Project

• Managing work on SDGs

• Update on CDC-SPTF FinTech webinar series

• Update on the ReDi Lab

• Upcoming meetings

• Q&A

Thank you to our investor organizational members!

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Thank you to our collaborating partners!

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Update from SIWG mid-year meeting

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• SIWG held its mid-year meeting in June 2018 in Luxembourg

• Hosted by the Ministry of Foreign and European Affairs of Luxembourg, in partnership with the Inclusive Finance Network Luxembourg (InFiNe)

• 60+ investors attended

• Investors identified the following new priorities for the group:

▫ Coordinating with impact investing initiatives, particularly related to reporting on SDGs

▫ Better understanding what it means to make a responsible FinTechinvestment

▫ Better understanding how to help MFIs with responsible digital transformation

The agenda, pre-reading materials, presentations, and minutes from the meeting can be found on the SPTF webpage:https://sptf.info/working-groups/investors

https://sptf.info/working-groups/investors

Agenda

• Introduction

• Overview of SPI4/ALINUS uptake

• Coordinating with the Impact Management Project





• Q&A

MIV/DFIs using ALINUS

Full use (direct or aligned indicators)ADA/LMDF, AFD, Alterfin, Blue Orchard, BNP Paribas, Cordaid, European Investment Fund, Gawa, GCAMF, Incofin, Oikocredit, Pamiga, Proparco, Sidi, Stromme MF/EA

Testing/strategic planningBOPA, Deutsche Bank/ DWS, DID – DevelopmentInternational Desjardins, European Investment Bank, FAS, Gojo & Company, GrassRoots, Symbiotics, Triple Jump, Verdant Capital

Awareness raising

In contact with CERISE/SPTF for strategic discussions

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International/National Networks using

SPI4/ ALINUS

Networks using SPI48 International: ACEP, Advans, CIF West Africa, Microcred,

Opportunity Intern’l, Oxus, Pamiga, Vision Fund

7 National: Amcred Brazil, Copeme Peru, Finrural Bolivia, MCPI

Philippines, PMN Pakistan, Radim Argentina, RFD Ecuador

Networks in training/awareness or using reduced network

option3 International: AgaKhan, Grameen Foundation, CICM, etc.

9 National: AMA Albania, AMFA Azerbaijan, AMFI Kyrgistan, AMFOT

Tajikistan, ASOMIF Nicaragua, CMF Nepal, LMWG Laos, RedFasco

Guatemala, UCORA Armenia, etc.

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SPI4 online: We have started!

• Prototype by Jan 2019 (for CERISE’s20th anniversary)

• With support by DWS/SIDA facility

• Support stillneeded for 2019!

Agenda

• Introduction


• Coordinating with Impact Management Project





• Q&A

As impact investing continues to grow, several

initiatives are working to help investors navigate

the different investment opportunities

SPTF is coordinating efforts with these initiatives to help shape the tools and resources being developed on financial inclusion

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Why is SPTF involved and how is this

relevant to you?

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• Share the experience of financial inclusion

▫ Collaboration, working towards common objectives

▫ Development and implementation of standards, common audit and monitoring tools, advancement of outcomes management work, etc

• Financial inclusion is a large sector of impact investment and can help pave the way of less-mature sectors – seen as “example”

• Ensure coordination with broader impact investment initiatives – as prioritized by many of you

• Opportunity to shape frameworks and tools that can be used by asset owners and investors throughout the broader investments sector

IMP Investor’s Impact Matrix

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Impact of enterprise

Act to avoid harm Benefit stakeholders Contribute to solutions

Imp

act

of

investo

r

1 Signal that impact matters

+ Engage actively

+Grow new or undersupplied capital markets

+ Provide flexible capital


+Engage actively


+Provide flexible capital


+Engage actively




+Engage actively




+Engage actively




+Engage actively



Next Steps: Impact Management Network

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impact

managem

entp

roje

ct.co

m

A network of leading organizations

working together to agree shared

principles, standards, and

benchmarks for impact

CERISE – Check-list for Responsible Investor

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NAVIGATION

Carte d'identité

D1 - Thèse d'impact

D2 - Gouvernance

D3- Procédures et produits

D4 - Modèle économique

D5 - Reporting

Checklist for Responsible Investors Strategy and PracticesOctober 2018 - Version 1.0

Designed to help impact investors overcome the challenge of turning

intention into impact. Co-developed with impact investors, the tool

assesses the implementation of your impact thesis, thanks to a rapid

appraisal of the social strategy, governance, practices and products, business

model and outcomes.

Agenda

• Introduction







• Q&A

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GIIN| Workflows related to the SDGs

Metrics

• Aligning IRIS catalogue to SDGs

(target level)

• Revising IRIS into IRIS+ system,

which will offer Core Metrics

Sets aligned to the SDGs

Navigating Impact: Developing

strategies for several themes aligned

to IMP dimensions & SDGs, provided

with core metric and evidence maps

Strategic Partnerships:

• Part of the WBA Allies Group to

coordinate across stakeholders

(investors, corporations, field

builders)

Ongoing coordination: UNPRI, UNDP,

UNEP FI, and other actors

Practitioner-lens:

• IMM position paper

• Investor case studies

• Peer group (Investor Council

members) to collaborate on

intersection between IMP and

SDGs

https://www.worldbenchmarkingalliance.org/wba-allies/

Managing work with SDGs

17 objectives…along 169 targets…

evaluated through 284 indicators

All at the macro level !

Work by CERISE and its partners on the SDG

Objective : propose a simpleframework to allow mission-driven organizations to use andmeasure their contributions tothe SDG

Managing work with SDGs

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Results :

MetODD-SDGa compilation of keyindicators by SDG,aligned with IRIS,covering 66 targetsrelevant for socialenterprises.

Available onCERISE SBwebsite

http://www.cerise-sb.org/sbs-and-sdgs

Q&A

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Agenda

• Introduction







• Q&A

CDC-SPTF FinTech Webinar Series

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• Designed to help investors better evaluate SPM risks and value for clients during due diligence and monitoring of FinTech investments

• Previous webinars:

▫ Overview of evaluating risks and value to clients

▫ Evaluating repayment capacity analysis

▫ Evaluating risks with agent network management

▫ Evaluating pricing and pricing transparency

▫ Evaluating technology risks and opportunities

• Upcoming webinars:

▫ Evaluating pay-as-you-go models (Mobisol)

▫ Serving lower income and oral customers

All webinar recordings, presentations, and briefs can be found at https://sptf.info/working-groups/investors/spm-and-fintech

https://sptf.info/working-groups/investors/spm-and-fintech

Agenda

• Introduction







• Q&A

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Support digital transformation of microfinance institutions’

Nurture FinTechs to support digital quest of microfinance

institutions

Share best practices and lessons learnt in a Community of Practice

Responsible Digital Transformation Lab (ReDi Lab)

Responsible Digital Transformation Lab (ReDi Lab)

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• Steps since Luxembourg meeting

▫ Renamed the Responsible Digital Transformation Lab (formerly the Innovations Lab for Microfinance)

▫ SIWG held two webinars with MicroSave to discuss concept of lab and gauge the interest of investors

▫ SIWG mapped interested investors’ portfolios in Africa to identify overlapping institutions

• Next steps

▫ Conduct pilot digital readiness assessment with 1-2 institutions that have overlapping interested investors

• Interested in participating?

▫ Email [email protected] for more information.

mailto:[email protected]

Agenda

• Introduction







• Q&A

• February: SIWG investor-only meeting, Washington, D.C. or New York

• June: SPTF workshop on digital transformation, Nairobi

• September: SPTF partnering with ADA for African Microfinance Week (SAM), Burkina Faso

2019 SIWG meetings (tentative)

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Q&A

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Join the new SPTF Social Investor Working Group LinkedIn group!

This will be a good way for our group to share relevant publications, ask questions and discuss

priorities.

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SPTF Social Investor Working Group Update · SPTF Social Investor Working Group Update Thursday...

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