Leaders like BlackRock CEO Larry Fink have taken notice. In his annual letter to CEOs this year, Fink wrote: “Society is demanding that companies, both public and private, serve a social purpose. To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.” Some on Wall Street say that Fink’s message sets a tipping point for the whole investment industry. Read More.
Local lender DBS Bank has returned as official banking partner and sole placement agent for the second round of a debt security listing aimed at supporting women in Asia.
DBS and Singapore-based capital firm Impact Investment Exchange (IIX) will issue a series of bonds with a target of US$100 million under the newly launched Women’s Livelihood Bond scheme, they said in a media statement on Wednesday.
The scheme will fund and support South and South-east Asian enterprises tackling financial inclusion, clean energy access and sustainable agriculture, with the goal of benefiting one million vulnerable women.
Pricing details for the bonds, which will be released in several tranches, are not yet out. The plan is to list the issuances on a stock exchange and sell them to global investors. Read More.
SINGAPORE — IIX and KOICA will jointly contribute $1.2 million USD over five years to support 18 enterprises across South and Southeast Asia, with a goal of impacting the lives of 8 million people.
IIX is a global organization dedicated to building a more inclusive world through innovative finance and support for high-impact enterprises. The Singapore based company has partnered with the Korea International Cooperation Agency (KOICA) to accelerate early-stage enterprises with innovative social and environmental solutions for Sustainable Development Goals (SDGs).
Durreen Shahnaz, founder and CEO of IIX, said: “The success of our accelerator model draws on our deep understanding of the pain points facing impact enterprises and investors, and our ability to bridge those gaps with end-to-end expertise across the impact ecosystem.” Read More.
SINGAPORE’S Impact Investment Exchange (IIX) has partnered the Korea International Cooperation Agency (KOICA) to support early-stage enterprises across South and South-east Asia that have innovative solutions to the United Nation’s 17 Sustainable Development Goals (SDGs).
IIX and the KOICA will jointly contribute US$1.2 million over five years to support these enterprises, with the aim of impacting the lives of eight million people. Read More.
Asia is emerging as a big contributor to the global impact investing scene thanks mostly to its growing youth population.
“There’s appetite there, it’s just a question of how to tap that demand,” said Robert Kraybill. According to Financial Times, Kraybill, the Impact Investment Exchange managing director, is targeting a $100 million goal through a fundraising at the second Women’s Livelihood Bond, which will take place in the latter part of 2018.
The first Women’s Livelihood Bond occurred last year and saw one of Asia’s biggest banks, namely Singapore’s DBS, take a 60 percent purchase on the $8 million bonds offered. Read More.
HYDERABAD: Lighting up lives may sound like a good tagline for an energy company, but Freyr Energy, a Hyderabad-headquartered full-service solar provider firm, decided to make it their largest project. One of the first large projects that the energy company took up was to set up more than 50 solar microgrids for rural tribal habitations in Andhra Pradesh. Microgrids power the entire village with sufficient battery backup for three days.
According to Impact Investment Exchange’s (IIX) Social Return on Investment Report for Freyr Energy, for every US$1 raised, US$4.62 of impact is created by the organisation.
Power translates into:
5,000+ students have access to better quality education infrastructure
10,000+ tribals/villagers have access to electricity
17,000 people in Ghana have better healthcare infrastructure
2,000+ people have reliable access to drinking water supply Read More.
Rajasthan-based healthcare provider Karma Primary Healthcare Services has raised an undisclosed amount of funding in a round led by early-stage investor and equity crowd-funding platform 1Crowd.
The round also saw participation from the company’s existing investors Ankur Capital, Beyond Capital Fund and Ennovent.
The company also received support from organisations such as the Tata Trusts, UBS Optimus Foundation and WISH Foundation, according to a statement by Impact Investment Exchange (IIX), which facilitated the investment. Read More.
ERC Eye Care secures $1 million for affordable care. ERC offers affordable eye care to low-income patients in Northeast India through hospitals in Assam. India faces a shortage of eyecare specialists, making access to care difficult, particularly for rural and low-income patients. ERC has two clinics in Assam where patients can see specialists and get glasses for less than $1 and cataract surgery for less than $20. (Half of the world’s cases of blindness are caused by untreated cataracts.) The $1 million ERC has raised will be used to build two new clinics and extend care into villages through mobile health vans. Ankur Capital and Ennovent led the round with funding from several other investors arranged by Impact Investment Exchange (IIX) Read More.
SINGAPORE — In 2016, veteran Japanese investment banker and private equity investor Takeshi Kato embarked on a new chapter of his life. Deeply moved by the poverty and social issues he saw while working in India, Kato began investing in social enterprises through BWiz Capital, a small Tokyo-based investment company he set up with some financial help from friends.
The company’s portfolio ranges from OneBreath, a U.S.-based startup that provides affordable medical ventilators to hospitals in India, to Indonesia-based Krakakoa, which helps cocoa farmers seeking to produce beans for artisanal chocolate. Read More.