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The Orange Revolution: Financial Market Innovations Towards a Gender-Smart Net Zero – Skoll Centre Blog

The Problem: 

With less than a decade to address critically climate change and the other UN SDGs, the pressure is on to find innovative and inclusive solutions.  The pre-COVID US$2-3 trillion annual SDG financing gap in developing economies has increased to an estimated $4-5 trillion per year.  Given this financing gap, the global financial system is positioned to play an integral and increasingly important role in addressing the gap.  However, much of the architecture of the global financial system was built without designing for the unique needs of developing economies, designing for environmental responsibility, gender equality, or equality more broadly.

The Opportunities:

The Environmental, social and corporate governance (ESG) movement has promoted rebuilding the financial system to consider these risks better, but even deeper integration of these considerations is fundamental for post-COVID recovery and deceleration of climate change. And both of these battles are fundamentally intertwined with gender equality:

Building ‘Forward’ Better:  The COVID-19 pandemic, ongoing conflicts worldwide, and the climate crisis have jointly exacerbated the regressive effects on gender inequality – as a result, the eradication of the global gender pay gap is now set back by over a century.  Women were almost twice as likely to lose their livelihoods during the pandemic, due to various factors such as disproportionate childcare burdens to labor market asymmetries.  Building forward better underscores an opportunity to redress these failures and re-structure economies that better integrate and empower women.  Closing the gender-regressive gap in the workforce could add up to US$13 trillion to global GDP by 2030.  In light of this substantial economic impact, gender equality must be central to post-COVID recovery.

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The Markets are collapsing: Will microfinance save us again?

by Durreen Shahnaz, Founder and CEO of IIX
March 16, 2020

IIX was born out of the 2008 financial meltdown with a vision to radically transform financial markets for social good. Over a decade later, we are bracing for a new crisis in which we need to plan for the safety of our families and employees while again facing the prospect of another global financial and economic meltdown. So, what have we actually learned from 2008? And why are over 89% of our investors looking into impact investing at a time when the markets are in turmoil?

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Trailblazer in Impact Interview Series: Karma Health

The Trailblazers in Impact Interview Series celebrates some of the partners we’ve worked with over the years in creating positive social and environmental impact.

In this edition, we speak with Founder and CEO of Karma Healthcare, Jagdeep Gambhir, who has been working with Impact Partners since 2017. In 2018, IIX successfully helped Karma Healthcare close a funding round led by 1Crowd and existing investors Ankur Capital, Beyond Capital Fund and Ennovent, and received support from organizations such as the Tata Trusts, UBS Optimus Foundation and WISH Foundation.

Karma Healthcare provides affordable, equitable and reliable healthcare services to the underserved rural population in India through a hub-and-spoke model that connects remote communities to doctors via real-time online video consultations. Since the inception of its first clinic in 2014, Karma healthcare has created a comprehensive ecosystem of clinical treatment, quality medicines and diagnostics at competitive rates. Prior to founding Karma Healthcare, Jagdeep worked as a program manager at various health initiatives and was an analyst at Goldman Sachs.

Enjoy the read!

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Trailblazer in Impact Interview Series: Krakakoa

The Trailblazers in Impact Interview Series celebrates some of the partners we’ve worked with over the years in creating positive social and environmental impact.

In this edition, we speak with Founder and CEO of Krakakoa, Sabrina Mustopo, who has been working with Impact Partners since 2016. In 2019, IIX invested in Krakakoa through its IIX Growth Fund, together with co-founder of SYSTEMIQ Jeremy Oppenheim and LIC VC.

Krakakoa is a bean-to-bar chocolate impact enterprise established in 2013 with the mission of improving the livelihoods of Indonesian smallholder cocoa farmers. It does this by  buying directly from smallholder farmers with price premiums and promoting better farming techniques. Krakakoa also works with female factory workers to provide stable wages, while producing and distributing retail-ready premium chocolate bars and related products.

Prior to founding Krakakoa, Sabrina worked at McKinsey, with a focus on climate change and agriculture related topics.

Enjoy the read!

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Trailblazer in Impact Interview Series: Treis Asia

The Trailblazers in Impact Interview Series celebrates some of the partners we’ve worked with over the years in creating positive social and environmental impact.

In this edition, we speak with Founder and Managing Partner of Treïs Group Jérôme David. Treïs Group has previously invested in high impact enterprises through Impact Partners such as SolarHome, a Pay-As-You-Go (“PAYG”) Solar for off-grid households in Southeast Asia.

In 2008, Jérôme David founded Treïs Group, an investment firm that provides advisory and management services to investors aligned with ESG principles. Prior to this, Jérôme amassed a wealth of experience in general management and marketing at United Technologies.

Enjoy the read!

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Trailblazer in Impact Interview Series: OTAGO

The Trailblazers in Impact Interview Series celebrates some of the partners we’ve worked with over the years in creating positive social and environmental impact.

In this edition, we speak with Founder and CEO of OTAGO, Carlo Figa Talamanca, who has been working with Impact Partners since 2018 in measuring their impact, and currently working on raising capital to expand their operations.

OTAGO manufactures high-quality char-briquettes using recycled biomass, as a sustainable alternative to traditional charcoal and wood, which account for over 90% of cooking fuel sources for Cambodian households. The use of wood and charcoal has many adverse side-effects, such as indoor pollution, and is one of the leading causes of disease and death in rural areas.

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Trailblazer in Impact Interview Series: Leon Toh, Damson Capital

The Trailblazers in Impact Interview Series celebrates some of the partners we’ve worked with over the years in creating positive social and environmental impact.

In this edition, we speak with Founder and Executive Director of Damson Capital, Leon Toh. In 2015, Leon Toh and Dr Amir Amiruddin founded Damson Capital, an impact investing and advisory firm based in Singapore. The firm develops impact enterprises in Asia with the potential for impact on their communities and sustained financial returns.

In addition to founding Damson Capital, Leon also served on the board of directors for Biomass Group, a renewable energy company in Sri Lanka. Prior to this, he was a strategy analyst at Accenture. Leon also co-founded Eden + Elie, a socially conscious jewelry brand in Singapore.

Enjoy the read!

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Trailblazer in Impact Interview Series: ATEC* Biodigesters

The Trailblazers in Impact Interview Series celebrates some of the partners we’ve worked with over the years in creating positive social and environmental impact.

In this edition, we speak with the CEO of ATEC* Biodigesters, Ben Jeffreys. ATEC* Biodigesters has been working with Impact Partners since 2016, helping ATEC* to raise Series A Funding. ATEC’s biodigesters process green waste into biogas for clean cooking and organic fertilizer. In 2019, IIX facilitated another round of funding for ATEC to roll out the world’s first pay-as-you-go model for biodigesters. By installing a biodigester system, farming households can access a reliable source of free, clean energy, replacing traditional wood-burning cook stoves with a cleaner, healthier alternative. Prior to his work at ATEC, Ben served as a development manager at the School for Social Entrepreneurs and Oxfam Australia.

Enjoy the read!

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Is White Liberalism Taking Over Impact Investing?

by Durreen Shahnaz, Founder and CEO of IIX
December 3, 2019

After a decade of impact investing, how inclusive is the space? What is the report card on the space and its mission to build a more inclusive market? Our Founder and CEO, Durreen Shahnaz shares her thoughts.

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