News

ESG is having its moment, and so are its female champions – The Business Times

SINGAPORE – As sustainability-centred priorities grow in prominence on regulators’ and investors’ agendas, women, too, are increasingly muscling into the traditionally male-dominated fields like finance and real estate. While there is little hard data on the matter, women have been heading initiatives focusing on Environment, Social and Governance (ESG) standards globally and here in Asia. Some like Durreen Shahnaz, founder and CEO of IIX still feel that more can be done to give underserved women a voice in the market. READ MORE

Impact Investment Exchange (IIX) launches IIX Values™ – the world’s first impact verification solution for every organization

SINGAPORE, 25 September 2020 – IIX, a global leader in innovative finance and sustainable investing — is building on a decade of experience in impact measurement to launch IIX Values— the world’s first impact verification solution for every type of organization, whether they are for-profit or non-profit, social enterprise, funds or corporations. Grounded in over 60,000 data points from more than 360 companies working across 46 countries, the impact verification solution will not only identify, measure, and verify the value created by every company, it will also give customers the power to verify the positive impacts brought about in their lives.

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Marc Benioff, James Mwangi and Felicitas Pantoja winners of the 2020 Oslo Business for Peace Award – Market News Reports

The Oslo Business for Peace Award is given yearly to enterprise leaders, as people, for his or her excellent businessworthy accomplishments; leaders who apply their enterprise vitality ethically and responsibly, creating stronger financial and societal worth. Past winners embody Paul Polman, Ouided Bouchamaoui, Richard Branson and Durreen Shahnaz. The 2020 winners (Honourees) will likely be celebrated on the Business for Peace Summit in May 2021.  READ MORE

Investing For Good Asia – Financial Times

Financing a Sustainable, Resilient Future
DIGITAL CONFERENCE I 13 October 2020, 08:25 SGT Time (GMT +8)  READ MORE

Sustainable Investing After COVID: What’s Next for Asia? – Asia Society

During these unprecedented times when COVID-19 has exacerbated systemic social and economic inequalities, there is renewed interest in sustainable investing and creating positive change for the world’s poorest – both for national economic recovery as well as global sustainable development. At the same time, there are also rising concerns about “impact washing” or “pandemic washing” – where money is deployed to “business as usual” investments, that may even reinforce rather than reduce inequalities. READ MORE

Standing Firm Beside Underserved Women in Asia – The Rockefeller Foundation

When Durreen Shahnaz first floated the idea of creating a new financing vehicle explicitly to help underserved women entrepreneurs in Asia, bankers and financiers advised her against including the word “women.” Calling it the Women’s Livelihood Bond, they said, might chase away investors. Better to just call it an emerging market bond. No way, said Shahnaz, founder and chief executive of Singapore-based Impact Investment Exchange (IIX).  READ MORE

The top FT stories read by the legal world in the pandemic – Financial Times

The FT’s Shanghai correspondent Thomas Hale looked at the women’s livelihood bonds issued by Singapore’s Impact Investment Exchange, which presented a rare pro bono opportunity for top US capital markets lawyers. READ MORE

Capital markets lawyers sharpen impact investing skills – Financial Times

As with any bond, the $12m raised at the start of the year by Singapore’s Impact Investment Exchange to support women’s livelihoods across Asia required extensive legal advice. “We could not have done this without the pro bono support,” says Robert Kraybill, chief investment officer at IIX. READ MORE

Can finance be a force for good? – THE PEAK

So, in 2009 at the height of the global financial crisis, Shahnaz set up the Impact Investment Exchange (IIX), the world’s first social stock exchange. The Peak chats with the quinquagenarian trailblazer about impact investing, late-stage capitalism and the She Is More initiative. READ MORE

Bangladesh-Based SOLshare Raises $1.1 Million for Solar Microgrids – Mercom India

IIX Impact Partners, a debt and equity crowdfunding platform, announced that it has helped Bangladesh-based clean energy firm SOLshare close a $1.1 million (~₹81.9 million) financing round that will help fund smart solar microgrids to off-grid, underserved communities in the country. IIX’s press statement said that the investors who participated in the funding round included innogy New Ventures LLC – the venture capital investment arm of the German utility firm innogy SE— along with the investment arm of Portuguese utility firm EDP Ventures, as well as other angel investors from around the world. READ MORE