Promoting Responsible Investment in the Inclusive Finance Sector

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The SPTF Social Investor Working Group works to advance responsible investment in financial inclusion. The group is led by SPTF Board Chair Jurgen Hammer of Grameen Crédit Agricole Foundation and SPTF board member Christophe Bochatay of Triple Jump.

The working group is open to all investors seeking financial and social returns. Currently, the SPTF has more than 300 investor members representing over 100 organizations. The working group meets twice a year in person, once in February/March and once in June (in conjunction with the SPTF annual meeting), and holds several webinars throughout the year.

2017 Meetings

The most recent meeting took place on June 6 in conjunction with the SPTF Annual Meeting in Mexico City. 

The previous meeting took place on March 15-16 at the University of Zurich, hosted by the Swiss Agency for Development and Cooperation (SDC), the Swiss Capacity Building Facility (SCBF), and the University of Zürich’s Centre for Sustainable Finance and Private Wealth.

  • See the agenda for the meeting.
  • Access the summary notes from the discussions (including prioritized workstreams going forward and list of participants).
  • Access the presentation.

The working group is facilitated by SPTF Secretariat member Leticia Emme. For questions, or to join the Social Investor Working Group, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..

Current Priorities of the Working Group

  1. Harmonizing investor due diligence and monitoring on social performance through the common tool SPI4 ALINUS, which was developed by the ALINUS Working group (Aligning Investors due diligence with the Universal Standards).
  2. Evaluating client protection risks in fintech investments during due diligence and ongoing monitoring. SPTF and CDC Group have partnered to develop a webinar series for investors to be held during October 2017 and June 2018.
  3. Aligning efforts with the broader impact investment sector field, particularly regarding the acceleration of Impact Measurement and Management. SPTF is working on an effort of the World Economic Forum, together with GIIN, Impact Management Project, and many others to provide guidance on integrating the voice of all affected stakeholders to impact / investments. The alignment work also includes coordinating with IRIS and GIIRS
  4. Assessing S&E performance SME finance, understand "state of practice" of S&E evaluation for FSPs financing SMEs, applicability of Universal Standards and SPI4, assess tools used by MIVs and DFIs, identify existing gaps, and provide recommendations where guidance is needed. 
  5. Other areas of priority include: Harmonizing loan agreements covenants in support of responsible microfinance ("reasonable covenants 2.0"), preventing over-indebtedness (see Investment Managers guidelines on over-indebtedness), managing social outcomes (discussions integrated with the SPTF Outcomes Working Group, pricing transparency (discussions integrated with Data Platform pilot), Balanced return expectations & responsible exits in equity investments. 

For more information on the workstreams above please contact This email address is being protected from spambots. You need JavaScript enabled to view it..

Past Meetings

In 2016 the group met in New York City (hosted by Deutsche Bank in March) and in Morocco (at the SPTF Annual Meeting in June). To access the presentation and meeting notes from these meetings please scroll down this page to the section "Past Social Investor Working Group Meeting Materials."

Webinars 2017 and 2016

CDC-SPTF Fintech Webinar Series for Investors, October 2017
Recording
PowerPoint

Update on SPTF and Social Investor Working Group, October 2017
Recording
PowerPoint

Can IPOs be responsible? Presented by Anna Kanze (Grassroots Capital Management) and Daniel Rozas, May 2017
Recording
PowerPoint

Update and discussion on SPTF Strategic Planning process and SIWG priorities, May 2017
Recording
PowerPoint

Introducing ALINUS - CERISE, February 2017
PowerPoint
Recording

Overview of the Impact Management Project - Bridges Impact Plus, December 2016
PowerPoint

Discussion on feedback and updates proposed for the Guidelines for setting reasonable covenants in support of responsible finance, September 2016
Recording

Navigating Impact Investing: The Opportunity in Impact Classes - Tideline and Cathy Clark at Duke University, September 2016
Working Paper
Recording

IRIS, SPTF and the Investor Perspective, June 2016
Presentation

Investor Social Outcome Guidelines - Gathering Feedback from Investors, May 2016
PowerPoint

Responsible Pricing - Smart Campaign, April 2016
PowerPoint

Introduction to the SPI4 and SPI4 ALINUS - the common social due diligence and monitoring tool for social investors, February 2016
Recording
PowerPoint

Introduction to the SPTF and the work of the Social Investor Working Group, January 2016
Recording
PowerPoint
 

Past Social Investor Working Group Meeting Materials

Materials from SPTF Social Investor Working Group meeting - May 2016, Marrakech (at SPTF Annual Meeting)
PowerPoint
Notes

Materials from SPTF Social Investor Working Group meeting - March 2016, New York City (at Deutsche Bank)
Agenda  
PowerPoint
Notes

Materials from SPTF Social Investor meeting – June 2015, Siem Reap, Cambodia (at SPTF Annual Meeting)
Agenda
PowerPoint
Notes

Materials from SPTF Social Investor meeting – March 2015, Luxembourg (at EIB)
Agenda
PowerPoint Day 1
PowerPoint Day 2
Notes

Materials from SPTF Social Investor meeting - June 2014, Dakar (at SPTF Annual Meeting)
Agenda
SPI4 Presentation
Notes