SPTF Social Investor Working Group 2017 Meeting on
Responsible Inclusive Finance
During the 2017 SPTF Social Investor Working Group Meeting on Responsible Inclusive Finance, the group identified two new sub-working groups:
1. Assessing social and environmental performance of SME lenders, an area where SPTF and e-MFP will collaborate and also an area very connected to the evolution of the Universal Standards and its applicability beyond "traditional microfinance."
2. Increasing alignment between asset owners and investment managers, an area where SPTF is collaborating with UNPRI, GIIN, the WEF, and the Impact Management Project.
The group members also agreed to continue working on other priority areas, including: Harmonizing SPM due diligence (ALINUS), harmonizing loan agreement covenants (looking at FX risks), measuring and reporting on social outcomes, pricing transparency data platform (providing feedback to the simulation to be conducted by Microfinanza Rating), equity and responsible exits, and preventing over-indebtedness.
The meeting, which included 67 investors, was held March 15-16 in Zurich. Thank you to those who attended and a special thanks to our hosts, SDC, SCBF, and the Center for Sustainable Finance and Private Wealth at the University of Zurich. The next in-person meeting will be held during the SPTF Annual Meeting in Mexico City on June 6, 2017.
The Working group co-chairs will also hold a webinar on May 12, 2017 at 9am (EDT) to share SPTF news and updates (including the strategic planning process) and priorities for the Social Investor Working Group. The session will outline next steps on the two new sub-groups described above as well as for the other ongoing areas of priority. Dial in details and agenda will be shared soon.
Please contact Leticia Emme with any questions concerning this working group.