Joint Impact Model Foundation

☀ The JIM foundation is growing (yes, even during summer holiday months)!   We are thrilled to announce that Norrsken22 has joined the JIM Foundation as one of our newest members!   Norrsken22, an African tech growth fund launched by the Norrsken Foundation, is dedicated to investing in technology-driven businesses that are poised to become market leaders and drive sustainable development across the African continent.   🌄 Norrsken22 invests across Africa but focuses on main tech hubs in Nigeria, Kenya, South Africa and Ghana. Specifically, Norrsken22 focuses on relevant, disruptive, scalable and tech-enabled business models focusing on four key areas: 1. FinTech 2. Market Enablement 3. MedTech 4. EdTech   We are excited to see our impact module being leveraged by impact investors in the technology sphere. Welcome, Norrsken22! Ofure Isenmila #FinTech #SustainableFinance #ImpactInvestor #JointImpactModel

🚨 Impact Report Alert 🚨 Caspian has made public their 2023-2024 social report, featuring insights from the JIM.   Some highlights include:   🏭 18.8 million (metric tonnes) reduced by Clean Energy Companies in FY2024.   🚚 Nearly 48,000 jobs supported by portfolio companies.   About Caspian: Caspian debt is a corporate lending financial services company based in India. It offers custom debt products small and medium-priced enterprises founded by first-generation entrepreneurs with ambition to grow their company in a responsible, transparent and sustainable manner. Caspian intends to transition from an impact focused non-banking company to an Impact & ESG-focused credit assessment company. We cannot wait to see what more Caspian accomplishes.   View Caspian's report here: https://lnkd.in/evp_EFgr   Learn how you can incorporate meaningful impact data into your financial institution's social report with a JIM demo today: https://lnkd.in/gDnSP6_x Srinithi S. #ImpactReporting #ESG #ImpactInvesting

📢 Another JIM member success story:   Today we are proud to share that Eastern Bank PLC. (EBL) was recognized by the Bangladesh Bank as a top 10 sustainable bank for the year of 2023. EBL joined the JIM's engagement program (JEP) in 2023 and has since graduated and reached new heights on their impact reporting and measurement strategy. With this recent accomplishment, EBL demonstrates its commitment to integrating sustainable practices and reporting on its environmental and social impacts. Congratulations on this wonderful accolade, Tanvir Hasan, Saiful Islam, CERM, CSA, M G K Jewel and the rest of the EBL team, we look forward to celebrating many more accomplishments! #ImpactMeasurement #SustainableFinance #JointImpactModel

The latest SFDR guidance is live! This guidance, produced in partnership with British International Investment, FMO - Dutch entrepreneurial development bank, Akin Gump Strauss Hauer & Feld LLP, and Joint Impact Model Foundation, provides insight on how to apply SFDR regulations in an emerging economies context.   The JIM aims to allow institutions to quantify impact aligned with industry standards such as SFDR, so this newest guidance is especially helpful for our members who report according to SFDR.   Unsure if your current impact reporting strategy is aligned with industry regulations? Schedule time to talk with someone from the JIM team today and learn about how you can ensure your impact measurement and reporting is aligned with industry standards: https://lnkd.in/gDnSP6_x  Take a look at the new guidance here 🕶 :

🎇 Last week Golomt Bank published their 2023 Sustainable Development report. 🎇   Golomt Bank was established in March 1995 and is now a major player in the social and economic sectors of Mongolia.   🏔 Some of Golomt Bank's key sustainability initiatives include aligning its financing and investment activities with the goals of the Paris Agreement. Specifically, Golomt Bank has set their sights towards reaching net zero emissions by 2050 in line with a 1.5C trajectory across its corporate lending portfolio and its own supply chain.   Leveraging data from the JIM, insights from Golomt Bank's sustainability report encompass figures on 2023 emissions and job data. The Bank reports that a significant portion (47%) of its portfolio emissions originate from the Building and Real Estate sector. 🚛 In the coming years the Bank will aim to transition towards a green loan portfolio in which 10% of its total loan portfolio will consist of green, sustainable loans by 2030.   Further, Golomt Bank estimated its portfolio to have supported over 68,000 jobs and added over $543 million (USD) in value to local economies. 👷♀️   Congratulations on your 2023 Sustainability report Golomt Bank!   Check out their full report here: https://lnkd.in/eiyaJDr7   And find out how you can streamline your impact reporting with the JIM here: https://lnkd.in/gDnSP6_x Anujin (Anu) Baatarkhuu Enkhzaya Bayarsaikhan

🚨 New Member Alert Join us in welcoming Swiss Investment Fund for Emerging Markets (SIFEM) as one of our newest members!   SIFEM - The Swiss Development Finance Institution is the Swiss development finance institution (DFI) and has active investments in North and South America, Africa, Asia, and Europe 🌍 . SIFEM's portfolio comprises of 60% growth capital funds with the majority of its invested capital exposure being in the financial intermediation sector (40%).   SIFEM has already made a significant impact through its investments with 483,253 jobs supported and 5,159 GWh 💡 of clean energy produced. Further, SIFEM is aligned with industry standards, OPIM, HIPSO and 2x Global. To learn more about SIFEM's ESG and impact measurement/reporting strategy, take a look at their 2023 report here: https://lnkd.in/djV2MSgR.   We are thrilled to have another DFI joining the JIM. Once more, welcome, SIFEM!   If you would like to learn more about the JIM, and have a nice LinkedIn post written about your financial institution one day, sign up for a demo here:  https://lnkd.in/gDnSP6_x Samane Azar-pey Safeya Zeitoun #ImpactInvesting #DFI #JointImpactModel #ESG

💡 Member Highlight 💡 Today we are highlighting one of our members located (almost literally) right around the corner: Invest International.   Invest International was established in 2021 as a joint venture between the Dutch Ministry of Finance and FMO. With support from the Ministry of Finance and the FMO, Invest International enlarges the possibilities of financing high-risk international investments related to the achievement of the SDGs.   And so far, Invest International is doing a stellar job driving impact. In its latest report, leveraging data from the JIM, Invest International estimates to have supported nearly 13,000 direct jobs. 👷♀️   In a short time Invest International has already enabled lasting impact. We are proud to have Invest International as JIM members.   Miriam Valstar Sylvie Sprangers Koen Berentsen #SustainableFinance #ImpactInvestment #JointImpactModel

 📰 We are happy to share that our new Climate Risk assessment module was featured in the Responsible Investor last week.   The article, by Khalid Azizuddin, provides an insightful look into the collaborative efforts of Climate Risk Services and JIM in developing a world-class tool, along with an overview of the tool’s functionality and impact. 🔨   👓 Take a look at the article here: https://lnkd.in/g4mtJ4by   And if you have not already, sign up for a Climate Risk demo to learn more about our new module: https://lnkd.in/gDnSP6_x   #JIM #ClimateFinance #SustainableInvestment #EmergingMarkets #ClimateRisk #ImpactInvesting #MDBs #FinanceInnovation #ThankYou

Join us in the city of gold, Johannesburg! 🌞 The 27th of June, our one and only Alex MacGillivray will be in Johannesburg to participate in the event "Measuring financed emissions in Africa." Hosted by British International Investment in partnership with FMO - Dutch entrepreneurial development bank and The Carbon Trust, join us in for an insightful day of panel discussions, workshops, and small group conversations focused on climate risk and climate management. This event will feature: - The business case for understanding and managing portfolio emissions - Introductions to carbon accounting - A test run of the JIM model 😉 - In-depth discussions on climate risk and climate management The goal is to provide participants with a comprehensive understanding of GHG accounting principles, financed emissions, and holistic climate change management approaches. Check out the detailed agenda in the invite below and register today! Don't miss this opportunity to be part of a significant conversation on climate change and sustainability for the African context. #ImpactInvesting #FinancedEmissions #JointImpactModel #SustainableFinance

💡 New member alert! Thanks to the support from their partners at LeapFrog Investments, Fidelity Bank Ghana is the newest member of the JIM!   📰 Continue reading to learn more about the great work going on at Fidelity…   Fidelity Bank demonstrates its commitment to the greater good through a robust CSR strategy. Its CSR strategy addresses four areas of endeavor: rural finance and savings promotion, education and child development, income generation and employment for youth, and healthcare for women. 👩⚕️ At the JIM we believe finance should contribute towards societal improvement, and we are glad to see Fidelity bank shares the same conviction.   Fidelity's finance operations also strive to minimize its own environmental footprint. 🏞  Some of the Bank's key initiatives aimed at mitigating its environmental impact include its commitment to: relying on energy-efficient technologies and sourcing renewable energy for branches and offices, employing a waste-to-cash initiative to reduce waste and encourage responsible consumption, and maintaining a sustainable value chain by prioritizing suppliers who share the Bank's same commitment to social and environmental responsibility.   Fidelity Bank is based in Ghana, but its global ventures are expanding! Within the past decade has expanded business across continents by establishing Fidelity Asia Bank Limited (FABL) in Malaysia as a wholly owned Asian subsidiary.   Thanks to LeapFrog Investments for making this happen. We are happy to have Fidelity on board. If your institution is interested in sponsoring the JIM membership of another FI, please reach out to [email protected]. #ImpactInvesting #SustainableFinance #JointImpactModel Samuel Kweku Kumah Nana Yaa Afriyie Ofori-Koree FICRS, MIoD, SCR Diana Pentland