Dedicated to impact finance
About us
page 05
Our services
page 10
Our impact
page 26
Our clients
page 32
Our team
page 35
3
HANDS-ON FROM DESIGN TO DEPLOYMENT
About us
5
I N N PA C T
||
ABOUT US
> Innpact’s commitments
OUR VALUES
Sustainability Creating equitable development that lasts Partnership Together, we go further Reliability Keeping our promises Innovation Finding new ways to get things done Respect Treating people right
6
OUR VISION
OUR MISSION
is a world where social and environmental initiatives are sustainable
is to foster sustainable impact finance initiatives by providing innovative advisory, consulting and management services
> At the forefront of impact investing
TOTAL IMPACT INVESTMENTS DESIGNED & ADVISED
We have an unrivalled expertise in designing and structuring investment funds – dedicated to impact investing – simple, layered or blended structures
EXPERTS
We develop added-value services alone and in partnership with leading expert firms to provide turn-key investment advisory and management services.
IMPACT FINANCE PROJECTS
IMPACT FUNDS STRUCTURED SUCCESSFULLY
TEAM OF 30+ EXPERTS
10+ YEARS TRACK RECORD
OUR PROJECTS
Our team includes experts from more than 15 nationalities in impact and blended finance strategies, fund design, structuring and implementation, assessment and due diligence, fund management services, reporting and legal advisory.
We support sponsors, fund managers and investors around the world in developing their impact finance funds and projects.
Our projects make a meaningful contribution to the UN Sustainable Development Goals, to climate mitigation and adaptation and target a large variety of investment themes.
> Our Value Proposition We are dedicated to and focused on impact finance. We daily interact with public and private impact investors. We not only provide you with strategic advice - we are hands-on from design to deployment. We are based in Luxembourg and in Mauritius and active globally.
7
I N N PA C T
||
ABOUT US
> Impact investment expert since 2007 Innpact is a leading global adviser for impact investment structures and funds that facilitate investments to drive social and environmental impact alongside financial returns.
3 core businesses:
8
STRATEGY & STRUCTURING
MANAGEMENT SERVICES
Tailor-made advisory services to design, structure and set-up your impact investment fund.
State-of-the art board and fund management services to steer and operate your impact fund.
INVESTMENT SERVICES
Expert advice and guidance for your investment decisions in impact funds.
Innpact is at the forefront of impact investing. Many of our projects are first of their kind with different sectors, geographies and instruments, with innovative business models and a sustainable approach.
9
Our services
0
> Core businesses and services Strategy & Structuring We have sound expertise in blended finance and provide hands-on support to help you design and structure the appropriate investment vehicle to deploy your social and environmental impact investing strategy and unlock potential for your fund. We manage the International Climate Finance Accelerator (ICFA) Luxembourg, an acceleration platform to set up your fund under the best possible conditions.
Management Services Good corporate governance is at the heart of impact investing and we make sure your fund’s governance is sound. We provide day-to-day support, expertly helping you steer, manage and operate your impact investment fund. With our turnkey platform MIFGA - Mauritius Impact Finance Gateway to Africa, a joint initiative with AXIS, we foster the creation and management of impact finance funds in Africa.
Investment Services We know that sustainable finance is the future, especially when designed to make a social and environmental impact. We advise you in your investment journey and guide you in your investment decisions. We research and perform in-depth due diligence on key aspects of impact investment funds so you can be confident that you support the right impact investment. 11
I N N PA C T
||
S T R AT E G Y & S T R U C T U R I N G S E R V I C E S
FIRST FUND STRUCTURED
> Strategy & Structuring Services
NUMBER OF FUNDS STRUCTURED INVESTMENT STRATEGIES TARGETING ALL SDGs
• We guide you from concept to first closing of your impact investment fund.
Designing and building your impact investment fund together.
• We work with sponsors, investors, fund managers and investment advisors. • We develop your Theory of Change, the Impact Investment Strategy and the Impact Management and Measurement Framework. • We tailor your fund to your objectives and needs and develop simple or blended structures with different classes of equity and debt for public and private investors.
1
2
3
DESIGN
IMPLEMENTATION
CLOSING
Fund concept
Business plan & marketing
Investment pipeline
Market analysis
Selection of service providers
Vehicle set-up
Impact investment strategy
Legal documentation
Onboarding of investors
Impact measurement and management
Processes, policies & procedures
First closing
Financial model Structure and governance Legal feasibility Term sheet Relation with investors
12
First Board meeting
Strategy & Structuring Services || CASE STUDY
&GREEN FUND &Green aims to prove that financing inclusive, sustainable and deforestation-free commodity production can be commercially viable and replicable, thus strengthening the case for a rural development paradigm that protects valuable forests and peat lands and supports high-productivity agriculture. The vision of &Green is that tropical forests and peatlands are protected and restored,
smallholder livelihoods are improved, and production is increased. By providing purposebuilt capital for the sustainable intensification of agricultural production systems and business models that reduce deforestation, &Green aims to close the market gap between possible long-term solutions and the lack of a short-term business case for forest and peatland protection.
INNPACT CONTRIBUTION During the set-up and structuring of the fund, Innpact supported the initiators as follows: fund structure, financial model, policies and procedures, legal documentation, implementation process. Innpact now serves as Fund Management Advisor to &Green, providing both Board support (selection and coordination of service providers, governance support, organisation of Board meetings) and Fund Management support (Treasury and ALM, hedging services, risk compliance and management, monitoring and reporting)
IMPACT OF THE PROJECT
KEY FACTS TYPE
NL Foundation
INCEPTION
2017
INITIATORS
IDH, Norvegian Ministry of Climate and Environment
ASSETS INSTRUMENTS THEME
ADVISOR BENEFICIARIES
WEBSITE
Target USD 400 mn Long term loans and guarantees
&Green addresses the problems associated with the current expansion-led agricultural production system used in tropical forest countries, which results in ever increasing rates of deforestation, forest loss and greenhouse gas emissions – significantly contributing to climate change. Every transaction will be assessed with respect to its potential for generating environmental return; achievements will be monitored through a suitable set of transparent KPIs. The level of environmental return has a direct impact on &Green’s pricing.
Commercial projects in agricultural production value chains Sail Ventures Private companies that are directly or indirectly involved in commodity production www.andgreen.fund
KEY INDICATORS USD 2 bn OF INVESTMENTS CATALYSED 5 mn HA OF TROPICAL FORESTS PROTECTED, CONSERVED OR RESTORED
500 000 HOUSEHOLDS IMPACTED THROUGH ENHANCED YIELDS AND INCOMES, CREATION OF JOBS AND INCOME GENERATING OPPORTUNITIES
1
I N N PA C T
||
S T R AT E G Y & S T R U C T U R I N G S E R V I C E S
Impact Measurement & Management Services • Impact management should be an integral part of any impact fund; it is important that impact is well integrated within the fund structure. • We offer impact measurement and management services to make sure that impact is considered within each activity of the fund.
DESIGN OF IMPACT MANAGEMENT FRAMEWORK
DESIGN OF IMPACT MANAGEMENT SYSTEM
Defining impact objectives and Theory of Change (ToC)
Integrating impact investment strategy and ESG into investment process (from screening to exit)
Aligning with SDGs and international targets Identifying potential gaps/ developing impact investment strategy Selecting impact metrics
Organising governance and team Designing Environmental and Social Management System (ESMS) Developing impact based incentive mechanisms Designing impact measuring and reporting systems
4
How can I integrate impact in my investment process?
How can I measure the impact of my investments?
Which impact do I want to achieve?
How can I manage and report on impact over time?
IMPLEMENTATION OF IMPACT MANAGEMENT FRAMEWORK
ON-GOING IMPACT MANAGEMENT SUPPORT
Data validation, management and portfolio aggregation
Acting as impact officer
(Setting up), implementing and reviewing ESMS
Periodically reviewing ToC and impact investment strategy against initial targets
Supporting in impact due diligence of investee companies
Assisting in impact risk assessment
Supporting the preparation of the first impact report
Assisting in impact monitoring and reporting Performing independent impact fund valuation
1
I N N PA C T
||
S T R AT E G Y & S T R U C T U R I N G S E R V I C E S
Blended Finance Blended finance is the strategic use of development finance and philanthropic funds to mobilise private capital flows to emerging and frontier markets, resulting in positive results for both investors and communities. We have unrivalled expertise in designing and structuring 25+ impact investment funds, 18 of which are blended finance vehicles.
BLENDED FINANCE
STRATEGIC PUBLIC INVESTMENT
PRIVATE INVESTMENT MOBILISED
// OUR BLENDED FINANCE SERVICES STRATEGIC APPROACH
GOVERNANCE & LEGAL STRUCTURE
CAPITAL STRUCTURE & FINANCIAL MODEL
Identify how Blended Finance enables you to deliver on your Theory of Change and impact investment strategy.
Design your governance structure to accommodate different types of risk investors and protect strategic mission.
Design your capital structure based on financing needs, actual or potential investors, leverage and viability.
Design your Blended Finance approach on the liability side (e.g. first loss, senior tranche) or on the asset side (mix of investment instruments).
Assess and recommend suitable legal form and jurisdiction.
Develop or vet your Financial Model to identify the appropriate blending - develop scenarios and stress test for viability.
Structure your evergreen or limited duration vehicle.
DEVELOPMENT FINANCE INSTITUTIONS DONORS
16
notes senior shares mezzanine shares junior shares
RISK ABSORPTION
PRIVATE SECTOR
RETURN DISTRIBUTION
// TYPICAL DESIGN OF A BLENDED FINANCE FUND
Blended Finance || CASE STUDY
EUROPEAN FUND FOR SOUTHEAST EUROPE The EFSE aims to foster economic development and prosperity in the Southeast European region and in the European Eastern Neighbourhood region through the sustainable provision of additional development finance, notably to micro and small enterprises and
private households, via qualified financial institutions. In pursuing its development goal, the fund observes principles of sustainability and additionality, combining development and market orientations.
INNPACT CONTRIBUTION After having supported the creation of the EFSE in 2005, Innpact is the General Secretary in charge of supporting the Board for a smooth management of the Fund by providing various services from preparation of Board meetings, drafting of minutes, advising on legal and governance matters to negotiating with investors.
IMPACT OF THE PROJECT
KEY FACTS TYPE INCEPTION INITIATOR ASSETS
ICONS
Luxembourg SA, SICAV-SIF 5 December 2005 KfW EUR 920 mn
INSTRUMENTS
• Short term, medium to long-term senior loans, subordinated or not; • Co-investments (bond issues, syndicated loans or (sub-)participations); • Stand-by letters of credit and guarantees; • Equity and quasi-equity investments
BENEFICIARIES
Local commercial banks, regulated and nonregulated MFIs, investment funds, selected financial institutions committed to financing the Target Group of the Fund
GEOGRAPHY
Southeast Europe, European Eastern Neighbourhood region
ZERO THEME HUNGER
HEALTH QUALITY Micro /GOOD small enterprises and private AND WELL-BEING EDUCATION household financing
17 ICONS: COLOUR VERSION INVERSED
NO POVERTY
FUND MANAGER & ADVISOR AFFORDABLE AND CLEAN ENERGY
CLIMATE ACTION
ECONOMIC GROWTH
GENDER EQUALITY
LIFE BELOW WATER
LIFE ON LAND
PEACE AND JUSTICE STRONG INSTITUTIONS
50
KEY INDICATORS € 7 billion CLEAN WATER
AND SANITATION 960,949
MICRO AND SMALL ENTERPRISE AND HOUSING LOANS DISBURSED
SUSTAINABLE CITIES AND COMMUNITIES
AND INFRASTRUCTURE
ICONS
VOLUME OF MICRO AND SMALL ENTERPRISE AND HOUSING LOANS DISBURSED
Hauck & Aufhäuser Fund Services S.A. and Finance in Motion
WEBSITE www.efse.lu INDUSTRY, INNOVATION DECENT WORK AND
“The fund’s efforts have always aimed to have a lasting positive impact on the people and structures that form a robust economy, one that offers opportunity and good prospects. That is why EFSE supports entrepreneurs along the entire lifecycle of their business: from startup to development to ongoing financial services. Or, like a walk across a bridge: from beginning, over turbulent waters, to solid ground on the other side.” Christoph Tiskens, EFSE Chairperson
> 800,000 RESPONSIBLE
JOBS SECURED OR CREATED THROUGH CONSUMPTION AND PRODUCTION EFSE INVESTMENT ACTIVITIES
PARTNERSHIPS FOR THE GOALS
Each icon can ONLY be used inversely over a white background. The icon may not be used inversely over a black nor a coloured background. Do not alter the colours of the SDG icons.
17
I N N PA C T
||
V E H I C L E S A D V I S E D A N D S T R U C T U R E D B Y I N N PA C T
> Sample of Vehicles advised and structured by Innpact
MICROFINANCE / SMEs > MENA USD 288 mn DOMICILE: Luxembourg INITIATOR: KFW ADVISOR: Finance in Motion
MICROFINANCE / MSEs > Southeast Europe, European Eastern Neighbourhood Region EUR 920 mn* DOMICILE: Luxembourg INITIATOR: KFW ADVISOR: Finance in Motion FUND MANAGER: Hauck & Aufhäuser
MICROFINANCE > Worldwide USD 677 mn DOMICILE: Luxembourg INITIATORS: KFW, IFC ADVISORS: BlueOrchard, Cyrano, responsAbility, Symbiotics
RENEWABLE ENERGY & ENERGY EFFICIENCY
ENERGY EFFICIENCY
> Worldwide USD 530mn DOMICILE: Luxembourg
> Europe EUR 150mn DOMICILE: Luxembourg
INITIATORS: KFW, BMUB
INITIATORS: EC, EIB, CDP
INVESTMENT MANAGER: responsAbility
INVESTMENT MANAGER: Deutsche Bank
2005 2009 2011 2007 2010 AGRICULTURE
ENERGY EFFICIENCY
MICROFINANCE > Morocco EUR 150m* DOMICILE: Morocco INITIATORS: AFD, CDC, CDG, KFW
> Southeast Europe, European Neighbourhood region, MENA EUR 470 mn DOMICILE: Luxembourg
MICROFINANCE, SMEs
INITIATORS: KFW, EIB
> Sub-saharan Africa USD 132 mn DOMICILE: Luxembourg
ADVISOR: Finance in Motion
INITIATORS: KFW, BMZ INVESTMENT MANAGER: Symbiotics
* structures established by Innpact founders prior to 2007
8
> Africa USD 144mn DOMICILE: Luxembourg
INITIATORS: KFW, Deutsche Bank INVESTMENT MANAGER: Deutsche Bank
MICROFINANCE & SME FINANCE RENEWABLE ENERGY ENERGY EFFICIENCY AGRICULTURE & CONSERVATION SDGS
FOREST CONSERVATION > Worldwide Target USD 400 mn DOMICILE: Netherlands INITIATOR: IDH ADVISOR: Sail Ventures
LDN FUND
BIODIVERSITY > Latin America USD 250mn DOMICILE: Luxembourg INITIATORS: KFW, CI, Finance in Motion ADVISOR: Finance in Motion
SME FINANCE
LAND DEGRADATION NEUTRALITY FUND
> Africa & MENA USD 100mn DOMICILE: Mauritius
> Worldwide Target USD 300 mn DOMICILE: Luxembourg
INITIATOR: GroFin
INITIATORS: Mirova, UNCCD
> Worldwide Target USD 400mn DOMICILE: Mauritius
FUND MANAGER: GroFin
FUND MANAGER: Mirova
INITIATORS: Innpact, AXIS
MIFGA
2014 2017 2015 2012 2018 GREEN INFRASTRUCTURE
RENEWABLE ENERGY
AGRICULTURE SMEs
> Southeast Europe USD 86mn DOMICILE: Luxembourg
> Africa GBP 148mn DOMICILE: England
> Africa USD 20mn DOMICILE: Mauritius
INITIATORS: KFW, EBRD
INITIATORS: EIB, BEIS
INITIATORS: KFW, AgDevCo
FUND MANAGER: Camco
FUND MANAGER: Root Capital
1
I N N PA C T
||
MANAGEMENT SERVICES
> Management Services
NUMBER OF FUNDS UNDER MANAGEMENT SUPPORT MANDATES
• We offer independent expertise for sponsors and boards of impact investment structures, fund managers or investment advisors. • Our in-house legal, risk, reporting and finance teams have built standardised best practices tailored for your type of fund, the underlying asset classes and your impact investment strategy.
Sound and sustainable governance is in our DNA
• Our services cover the full range of monitoring, risk management, portfolio reporting and analysis across complex impact investment structures.
1
2
3
GENERAL SECRETARY SERVICES
FUND MANAGEMENT SERVICES
INDEPENDENT DIRECTORSHIPS
Peace of mind
Focus on your strengths
Benefit from our expertise
Personal advisor to the Board of Directors and the fund
Concentrate on pipeline development, investment advice and fundraising
For your investment funds or your advisory company
BOARD SUPPORT
FUND SUPPORT
Board secretary Fund documentation Board meetings General meetings Governance Investor relationship Advisory Administration
20
FUND MANAGEMENT SUPPORT
Portfolio management support Risk management ALM, cash, FX Budget monitoring Reporting & publications
Management Services || CASE STUDY
MICROFINANCE ENHANCEMENT FACILITY MEF aims to support economic development and prosperity globally through the provision of additional development finance to microenterprises, via qualified financial institutions.
In pursuing its development goal, the Fund will observe principles of sustainability and additionality, combining development and market orientations.
INNPACT CONTRIBUTION Strategy and structuring services
Management services
• Fund structuring & establishment
• Full range of management services for Board of Directors (acting as a General Secretary), investors and Fund since inception
• Financial modeling • Leading tender & selection of auditor, custodian bank and administrative agent
• Coordination of portfolio management of the Fund (with assets managed by 4 renowned microfinance advisors)
• Preparation of legal documentation in coordination with legal counsel
• Fund management services to the Board and the Investment Commitee in terms of portfolio & pipeline management, financial projections, Asset & Liability Management, risk management, reporting
IMPACT OF THE PROJECT
KEY FACTS TYPE
NS
INCEPTION
2009
INITIATORS
KfW and IFC
ASSETS
USD 677 mn
INSTRUMENTS GEOGRAPHY THEME
OLOUR VERSION INVERSED
CONS NO POVERTY
Global Microfinance
ICONS
GENDER EQUALITY
Symbiotics BENEFICIARIES
ICONS
ONS: COLOUR VERSION INVERSED
AFFORDABLE NO AND CLEAN ENERGY POVERTY
Key indicators are defined and monitored for various areas: 50 ICONS • Development indicators • Social performance indicators • Client protection principles • Combined with clear exclusion principles
Debt instruments
INVESTMENT BlueOrchard, Cyrano, GOOD HEALTH QUALITY ADVISORS AND WELL-BEING responsAbility, EDUCATION
ZERO HUNGER
As a global microfinance debt fund, MEF’s approach to social and environmental performance is built on its vision of stabilising microfinance markets in developing countries by offering a reliable and flexible source of debt to microfinance institutions.
Luxembourg SA, SICAV-SIF
DECENT ZERO WORK AND ECONOMIC GROWTH HUNGER
Microfinance institutions in developping countries
INDUSTRY, INNOVATION
GOOD HEALTH QUALITY AND INFRASTRUCTURE WEBSITE www.mef-fund.com AND WELL-BEING EDUCATION
CLEAN WATER AND SANITATION
50
KEY INDICATORS
600 000
MICROENTREPRENEURS REACHED BY MEF FUNDING
56% OF LOCAL CURRENCY FUNDING 56% IN RURAL AREAS RESPONSIBLE SUSTAINABLE CLEAN WATER GENDER CITIES 85% WOMEN CONSUMPTION AND COMMUNITIES EQUALITY
ICONS
50
SANITATION ANDAND PRODUCTION
17 ICONS: COLOUR VERSION INVERSED
CLIMATEAFFORDABLE AND ACTION CLEAN ENERGY
LIFE BELOW DECENT WORK AND NO WATERPOVERTY ECONOMIC GROWTH
CLIMATE
LIFE BELOW
ONLY be used inversely over a whiteWATER background. ACTION
AFFORDABLE AND ot be used inversely over a black nor a coloured CLEAN ENERGY
e colours of the SDG icons.
on can ONLY be used inversely over a white background.
LIFE INDUSTRY, ZEROINNOVATION ON LAND AND INFRASTRUCTURE HUNGER
LIFE ON LAND
DECENT WORK AND ECONOMIC GROWTH
PEACE AND JUSTICE SUSTAINABLE CITIES GOOD HEALTH PARTNERSHIPS QUALITY
STRONG INSTITUTIONS THECOMMUNITIES GOALS EDUCATION AND WELL-BEINGFORAND
PEACE AND JUSTICE
AND PRODUCTION
GENDER EQUALITY
CLEAN WATER AND SANITATION
PARTNERSHIPS
INDUSTRY, INNOVATION FOR THE GOALS AND INFRASTRUCTURE
STRONG INSTITUTIONS
RESPONSIBLE CONSUMPTION
SUSTAINABLE CITIES AND COMMUNITIES
RESPONSIBLE CONSUMPTION
AND PRODUCTION
2
I N N PA C T
||
MANAGEMENT SERVICES
Investing with Impact in Africa The Mauritius Impact Finance Gateway to Africa (MIFGA) is a Mauritius-based joint initiative by Innpact and AXIS to support the creation and the management of impact finance vehicles investing in Africa. It offers an efficient and comprehensive turnkey fund management solution to impact investment managers allowing them to focus on their core area of expertise: Deal Management.
// A TURNKEY PLATFORM FOR IMPACT FINANCE FUNDS
PRE-CLOSING SUPPORT
1
2
STRUCTURING
SET-UP
Design Governance Negotiation with investors Impact objectives
Legal documentation Policies and procedures Pre-selected service providers
POST CLOSING SUPPORT
22
3
4
BOARD SUPPORT
FUND MANAGEMENT SUPPORT
Board Secretary Governance Board Meetings Fund Administration Investor Relations
Asset and Liability Management Cash and FX Management Impact Management Risk Management
// A TOOLBOX FOR IMPACT FUND PROMOTERS Independent Risk & Portfolio Management Specialised service providers across Africa
Fund distributors and FX Advisors
Impact Management Tools
MIS Reporting System Fund Administration & Investor Relations
One stop shop • Reduced time to market • Fund Management and administration teams based in Mauritius • Pre-selected and reputable service providers • Fund manager complementing the field expertise of investment advisors Flexible vehicle • Blended finance structures designed for onboarding public and private investors Cost efficient structure • Low setup costs to boost performance during ramp-up period • Transparent fee structure Impact finance services • Management Information Systems (MIS) customized for the impact finance sector • Impact Measurement & Reporting • Certified impact finance structures
2
I N N PA C T
||
INVESTMENT SERVICES
> Investment Services • We provide independent third-party expertise on investing for impact through investment funds for DFIs, fund of fund managers, investment advisors and other public and private investors.
We guide you in your sustainable finance adventure.
• We research and perform in-depth due diligence on key aspects of impact investment funds so you can be confident that you support the right impact investment. • We provide tailored advisory based on our in-house expertise regarding structuring, governance, legal, tax & regulatory and risk across all jurisdictions.
Governance
Legal & regulatory
impact investment due diligence
Financial model
Risk mitigation
Liability structure INVESTMENT OPPORTUNITY
24
Investment Services || CASE STUDY
GREEN CLIMATE FUND The Green Climate Fund (GCF) is a global fund created to support the efforts of developing countries to respond to the challenge of climate change. Set up in 2010 by the 194 countries who are parties to the UNFCCC, the GCF aims to deliver equal amounts of funding to mitigation
and adaptation. GCF’s activities are aligned with the priorities of developing countries through the principle of country ownership. GCF’s innovation is to use public investment to stimulate private finance, unlocking the power of climate-friendly investment for low emission, climate resilient development.
INNPACT CONTRIBUTION ASSESSMENT OF THE RISK PROFILE FOR GCF AS A POTENTIAL SEED INVESTOR IN:
THE ASSESSMENT INCLUDED:
• A resilient agriculture fund supporting pioneering and early-growth innovative agribusinesses in Africa • A fund of funds with the aim of being an anchor investor in renewable energy / energy efficiency across the developing world • A local sustainable agriculture fund investing in landscape-level adaptation and mitigation activities • A renewable energy fund contributing to universal access to electricity in Sub-Saharan Africa
• A review of the business case, pipeline deals, financial model, investment team experience, stakeholder involvement, term sheet • An analysis of performance risk, risk mitigants and conflict of interest • In partnership with a global legal firm, reviewed the draft legal documents and assessed LP governance and control risks
IMPACT OF THE PROJECT
KEY FACTS INCEPTION INITIATOR ASSETS INSTRUMENTS
THEME GEOGRAPHY
2010 UNFCCC USD 4.6 bn committed Fund of fund, with underlying investments in the form of grants, loans, equity or guarantees. Climate mitigation and climate change adaptation with a balance of 50:50 Developing countries: Asia Pacific, Africa, LATAM and Caribbean, Eastern Europe
BENEFICIARIES
Investments in developing countries
INVESTMENT MANAGEMENT
GCF invests in a project portfolio that is implemented by its partner organisations, known as Accredited Entities.
WEBSITE
In the context of sustainable development, the GCF promotes the paradigm shift towards low-emission and climate-resilient development pathways. GCF provides support to developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impacts of climate change, taking into account the needs of those countries particularly vulnerable to the adverse effects of climate change.
www.greenclimate.fund
KEY INDICATORS 272.0 mn
ANTICIPATED NUMBER OF PEOPLE WITH INCREASED RESILIENCE
1.4 bn
ANTICIPATED TONNES OF CO2 EQUIVALENT AVOIDED
2
Our impact
6
> Innpact’s projects actively contribute to the SDGs Impact Finance contributes to substainable development by putting impact measurement and management at the core of the investment strategy, by designing a robust investment model and by achieving the required scale to create sustainable change.
NO POVERTY ZERO HUNGER WORLD VISION
GLOBAL INNOVATION FUND DESCRIPTION: Supporting social innovations at all stages across sectors and geographies, with a commitment to improving the lives of those living on less than $5 a day.
DESCRIPTION: Fighting malnutrition and hunger by partnering with communities to address immediate food needs and grow sustainable food for the future.
QUALITY EDUCATION REFFA FUND DESCRIPTION: Providing customised financial services for the education sector in a demandoriented, financially sustainable, and socially responsible manner.
Note: Only one SDG has been selected by project, although many projects target several SDGs
27
I N N PA C T
||
O U R I M PA C T
CLEAN WATER AND SANITATION
GROFIN DESCRIPTION: Providing investment finance and business support to growing businesses in Africa and the Middle East.
PIONEER FACILITY DESCRIPTION: Providing affordable working capital for social enterprises producing and distributing clean water, sanitation solutions and sustainable energy to low-income populations in Asia and Africa.
GENDER EQUALITY
AFFORDABLE AND CLEAN ENERGY GLOBAL CLIMATE PARTNERSHIPFUND DESCRIPTION: Financing energy efficiency and renewable energy projects for SMEs and private households in developing countries.
28
DECENT WORK AND ECONOMIC GROWTH EUROPEAN FUND FOR SOUTHEAST EUROPE
DESCRIPTION: Supporting micro and small enterprises as the backbone of the local economies, thereby contributing to income generation and employment creation.
REDUCED INEQUALITIES INDUSTRY, INNOVATION AND INFRASTRUCTURE RENEWABLE ENERGY PERFORMANCE PLATFORM DESCRIPTION: Innovative financing platform to mobilise investment in small and medium-scale renewable energy projects (up to 25MW) in sub-Saharan Africa.
AFRICA AGRICULTURE AND TRADE INVESTMENT FUND DESCRIPTION: Improving food security and providing additional employment and income to farmers, entrepreneurs and workers by investing patiently and responsibly in local value chains.
SUSTAINABLE CITIES AND COMMUNITIES MUNICIPAL INFRASTRUCTURE DEVELOPMENT FUND DESCRIPTION: Achieving long-term sustainability in municipal services while developing the municipal credit market in the Western Balkans.
Note: Only one SDG has been selected by project, although many projects target several SDGs
29
I N N PA C T
||
O U R I M PA C T
RESPONSIBLE CONSUMPTION AND PRODUCTION ANDGREEN. FUND DESCRIPTION: Promoting deforestation-free agriculture and commodity production by linking attractively priced risk mitigation capital to strong environmental debt covenants.
GREEN CLIMATE FUND CLIMATE ACTION
LIFE BELOW WATER CONSERVATION INTERNATIONAL DESCRIPTION: Investing across the spectrum of conservation finance, with a focus on getting deals past the “last mile” to commercial investment.
30
DESCRIPTION: Combatting climate change and its effects by promoting a paradigm shift towards low-emission and climate-resilient development pathways.
LDN FUND
LIFE ON LAND
PARTNERSHIPS FOR THE GOALS Blended finance as a partnership strategy
GREEN FOR GROWTH FUND DESCRIPTION: The GGF is the first specialised fund to advance energy efficiency and renewable energy in Southeast Europe, including Turkey, as well as in the European Eastern Neighbourhood region and in Middle East and North Africa (MENA). GGF is an innovative public-private partnership with a blended capital structure, bringing together public and private investors into the same Fund structure. In addition the activities of GGF are supported by a Technical Assistance Facility, financed through donations and part of the revenues of the Fund.
DESCRIPTION: First-of-its-kind investment vehicle leveraging public money to raise private capital for sustainable land management and land restoration projects worldwide.
MICROFINANCE ENHANCEMENT FACILITY DESCRIPTION: Aimed at stabilising microfinance markets in developing countries by offering a reliable and flexible source of debt to microfinance institutions, MEF has been structured as a true PPP (public-private partnership) in the form of a blended finance fund. Its various risk/return tranches of shares and notes attract capital from donors such as BMZ and OeEB as well as development finance institutions and private institutional investors. Moreover it is advised by four leading microfinance investment advisors from the private sector, coordinated by Innpact which provides General Secretary and Fund Management Services to MEF’s Board and Investment Committee.
Note: Only one SDG has been selected by project, although many projects target several SDGs
31
Our clients
2
Leading investment managers and impact vehicles // INVESTMENT MANAGERS
Leading impact sponsors and investors // DFIS / IFIS / PUBLIC INSTITUTIONS
// NON-PROFIT ORGANISATIONS
33
I N N PA C T
||
OUR CLIENT
A true tribute to what you have achieved in ten years’ time. Marilou Van Golstein Brouwers Triodos Investment Management
The success of companies like Innpact is proof that today it is possible to generate social and environmental impacts alongside financial returns. Investing in innovative economic models is logical, even more than ecological. Bertrand Piccard Solar Impulse Foundation
You can be very proud of what you have achieved. Roland Siller KfW
34
Our Team
3
I N N PA C T
||
OUR TEAM
At Innpact we work at the forefront of impact investing. Many of the projects we support are first of their kind with different sectors, geographies and instruments. We are constantly exposed to innovative business models with a sustainable approach. This is a great opportunity for my personal development. Adriana Balducci
Our team of investment funds and governance experts works in close partnership with the management bodies of the investment funds that are our clients so that they can focus on their impact objectives and strategic development. Paola D’Angelo
36
Impact finance is not a future type of finance but the future of finance. At Innpact, we ensure that impact remains at the core of each impact finance strategy. Arnaud Gillin
Our company culture is rooted in respect and transparency. In the end it’s all about the people we meet and work with and the partnerships we form.
We believe that impact finance is critical to resolving social and environmental issues in a sustainable and long lasting way. By providing advisory, consulting and management services to initiatives addressing these issues, we act as enablers, allowing them to prosper and reach the desired impact.
Sigridur Torfadottir
Patrick Goodman
37
I N N PA C T
||
OUR TEAM
B Corp certified B Corp is to business what fair trade is to coffee. The B Corp label certifies companies that harness the power of business to solve environmental and social issues and that follow a comprehensive set of performance and legal requirements. Innpact received its certification in 2015, being the first B Corp in Luxembourg. In the following years, we were certified as Best for the World Overall B Corp for creating extraordinary positive impact as a business.
We use finance as a force for good. This is reflected in our activity, as well as in the way we do business. Corinne Molitor
Sustainability is at the heart of our mission: foster sustainable impact finance initiatives. We ensure that our core mission and the best sustainability practices are applied throughout all processes. In addition, we spread these practices and support sustainable initiatives. Rebecca Maroko
Our engagement
38
IN LUXEMBOURG AND ABROAD
SOCIAL CONTRACT
CO² NEUTRAL
We support the industry by sharing our expertise and ideas to contribute to the development of the impact finance sector.
We foster a meaningful link between our company, our employees and society. Our support is provided by way of pro bono consulting and financial support to projects where we can make a positive impact.
We are determined to neutralise our carbon footprint, by using energy from 100% renewable sources and controlling our supply chain. We compensate all CO² emission we are responsible for by way of donations to climate protection projects.
Legal Disclaimer & Copyright The information contained in this brochure (the "Brochure") is provided by Innpact S. à r.l. ("Innpact") for general guidance and is intended to offer the reader general information of interest. The information provided is not intended to replace or serve as substitute for any legal, professional or commercial advice, consultation or service. The application of laws and regulations may vary depending on specific facts or circumstances. Therefore, the information is provided 'as is' without warranties of any kind, express or implied, including accuracy, timeliness and completeness. In no event shall Innpact or any of their respective partners, principals, agents or employees, be liable for any direct, indirect, incidental, special, exemplary, punitive, consequential or other damages (including but not limited to, liability for loss of use, data or profits), without regard to the form of any action, including but not limited to, contract, negligence or other tortious actions, arising out of or in connection with the Brochure, any content in the Brochure, or any copying, display or other use. As content in the Brochure (including any concepts, ideas, methods, procedures, processes, know-how, techniques, publications, models, products templates, designs, art work, graphics and information in or described in the Brochure) may be copyrighted, proprietary and subject to intellectual property or other rights (which rights are owned by Innpact or by its respective affiliates) any unauthorized use of any materials in the Brochure may violate copyright, trademark and other laws or applicable intellectual property or other rights. The use of the content is personal and non-commercial. All copyright, trademark and similar notices are retained. Materials in the Brochure may not be modified, reproduced, publicly displayed, performed, distributed or used for any public or commercial purposes without explicit written permission from the appropriate content or material provider. Innpact bears no risk, responsibility or liability in the event that a reader does not obtain such explicit written permission as advised by Innpact. Innpact name and logo are registered trademarks and other product and service names mentioned in the Brochure may be the registered trademarks or trademarks of its respective affiliates. Use of these marks requires express prior permission from, and a license agreement with, Innpact or its respective affiliates. Unauthorized use of these and any other of Innpact’s portfolio of trademarks will be prohibited to the fullest extent of the law. To request this written approval, contact Innpact via contact details mentioned in this Brochure.
39
5, RUE JEAN BERTELS L-1230 LUXEMBOURG 26, BANK STREET CYBERCITY, EBENE 72201, MAURITIUS TEL:+352 27 02 93 1
www.innpact.com
@innpactsarl
info@innpact.com
Innpact