Bamboo Finance, a leader in impact investment recently announced its 2014 Clinton Global Initiative Commitment to Action to move the field of impact investing towards a better understanding of how investing in companies that create access can lead to positive social impact by measuring outcomes in addition to people reached and jobs created.
The field of impact investing has made significant strides towards measuring the goods and services produced and delivered as well as jobs created, but the question of the effect of the product or service on a client’s life has yet to be answered.
“As impact investing evolves, it’s increasingly important to understand the effect of the product or service on the client’s life so that our intention to measure and track facilitates the allocation of capital towards models that have the greatest potential for impact as well as risk-adjusted returns,” said Jean-Philippe de Schrevel. “Further, we believe that recent innovation in pay-for-success models are demonstrating that it is possible to move towards investing based on outcomes through data sharing and partnerships with third-party evaluators.”
Bamboo Finance currently manages a portfolio of 46 investments that provide access to essential goods and services to low-income communities, and these companies operate in more than 30 frontier market countries. Bamboo has consistently applied a proprietary impact output measurement and management system to these investments and has ranked in the top quintile of all rated funds in 2013 and 2014 by the third-party leader in impact measurement, GIIRS (Global Impact Investment Rating System). The annual impact report produced by Bamboo Finance represents the best practices in private equity impact measurement today.
“For the second consecutive year we have published an impact report in line with our intention to invest in companies that create measurable social impact. In it you will find how we define impact and what we are doing to measure it. The report demonstrates our ongoing engagement to improve the collective knowledge of what constitutes effective impact investing.” said, Ximena Escobar de Nogales, Head of Social Performance and Impact Management.
Highlights from the 2014 report include:
- The total number of clients served by our Financial Inclusion Fund portfolio companies has grown to 8.5 million, a 10% increase since the previous report;
- The total amount of savings deposits has reached $3.2 billion, creating a more stable capital structure and addressing the challenges faced by end-users;
- The latest investment into a network of primary care clinics in India has grown from 22 to 29 clinics in just six months, serving approximately 22,000 patients quarterly;
- Greenlight Planet, one of our energy sector investments, sold over 2 million solar products and has employed 3,962 direct-to-village business associates.
The full Bamboo Finance 2014 Impact Report can be downloaded here.
It is important to note that these metrics do not reflect the full scope of the impact of the investments. In order to understand the positive impact of the portfolio companies, it is necessary to look beyond output numbers. An improved understanding of the usage of products and services helps to increase capital efficiency and ultimately improve the positive impact on the end-customers. This is why Bamboo Finance believes outcomes are key to mapping the impact of the goods and services provided. This will distinguish our investment approach from others focused on job creation and other income segments.
About Bamboo Finance
Bamboo Finance is a commercial private equity firm specializing in investing in business models that benefit low-income communities in emerging markets with offices in Luxembourg, Geneva, Bogota, Nairobi and Singapore. Bamboo Finance uses a market-oriented approach to deliver social and environmental value and provide attractive financial returns to investors. Bamboo Finance launched in 2007 with a goal to demonstrate that private capital can be profitably deployed as a tool for effective change. Bamboo Finance manages 250M USD; representing two global funds and a combined portfolio of 46 investments operating in 30 frontier market countries. Bamboo has a track record of demonstrated commercial returns, and a portfolio of investments that have provided 16 million clients with access to services and created more than 20,000 jobs.
Chief Marketing Officer
Tel: +1 415-933-1304
Impact Measurement Partnership Inquiries:
Ximena Escobar de Nogales
Head of Social Performance and Impact Management
VERGE San Francisco, a four-day conference focusing on the intersection of technology and sustainability, will be powered by a fully functional, replicable, renewably-powered microgrid, demonstrating the power of distributed energy solutions on the market today.
VERGE SF, October 27-30, is the flagship of a global event series produced by GreenBiz Group. The event focuses on how technology accelerates sustainability solutions across industries and cities in a climate-constrained world.
The microgrid, constructed in less than one day to power the four-day-long event, will feature battery storage and power generation from solar and biomass gasification. It models resilience, interoperability, radical efficiency and other key VERGE themes.
"Microgrids are a key element of emerging resiliency strategies for cities and large energy consumers embracing renewable distributed energy systems," said Eric Faurot, CEO of GreenBiz Group. "We are very excited to be working with a variety of leading edge companies, spearheaded by Spirae, to demonstrate how this technology is not only available today, but can be built in a day.”
VERGE microgrid sponsors include Leidos, NRG Energy and Oracle. The microgrid will feature a biomass generator provided by ALL Power Labs, battery storage provided by Stem, a biodiesel generator provided by Cresco Rentals, and the "brains" of the microgrid, the microgrid control platform provided by Spirae.
"We're extremely excited to be deploying the Interconnect microgrid with leading partners such as ALL Power Labs and Stem at VERGE SF. This year, Spirae is deploying our next gen platform to manage the 100% renewable microgrid system that will power the entire conference," said Sunil Cherian, Founder and CEO of Spirae. "The VERGE microgrid uses a system and resources that are already in operation around the world. We are showing that these are not fringe technologies of the future, but proven solutions that are reliable, scalable and economically viable today. The VERGE microgrid shows the future is now."
In addition to powering the live event, the microgrid will be the backbone of VERGE Interconnect, an interactive vendor and technology exhibition that demonstrates energy efficiency and distributed energy systems in action. Interactive displays in VERGE Interconnect will include EV charging, a popup parklet, a solar array, a "Food Tech Snack-down," 3D printers, drones and virtual reality tools.
The nearly 100 sessions in the VERGE SF program focus on distributed energy systems, next-gen buildings, sustainable mobility, food and water systems, smarter supply chains and resilient cities. Featured speakers from the more than 200 confirmed to participate include Lisa Jackson of Apple, Chris Anderson of 3D Robotics, Joe Gebbia of Airbnb, John Lauckner of GM, Robb Fraley of Monsanto, author and entrepreneur Paul Hawken, biomimicry guru Janine Benyus and senior executives from Autodesk, Facebook, HP, Ford, GE, SDG&E, Google, IBM, Southern California Edison, Microsoft, NRG Energy, Jones Lang LaSalle, Yahoo!, PG&E, Volvo, Boeing, Qualcomm, Kaiser Permanente, PepsiCo and Walmart.
Public-sector speakers represent the cities of Los Angeles, Atlanta, New York, Boston, Philadelphia, San Francisco; the state of California, the federal Department of Energy, General Services Administration, NOAA and the White House.
For more information about VERGE San Francisco, visit GreenBiz.com/VERGE.
**Register and get 10% off when you use the code VSF14CSRW**
Driving Sustainable Innovation to Market: How a Cleantech 100 Winner is Disrupting the Cement and Concrete Sector
On the heels of his startup being named to the Global Cleantech 100 List, Tom Schuler, CEO of Solidia Technologies®, shared his experience leading a startup with a disruptive technology that reduces carbon emissions up to 70 percent in cement and concrete production at the Global Cleantech 100 Summit, hosted this week by Cleantech Group.
“Sustainability is a business imperative, but if your offering is only green, you’re destined to be a niche product,” said Schuler, drawing from parallel experiences in the building materials sector as the leader of a start-up and previously of a giant global corporate business. "I have a particular bias based on my years on two sides of innovation that just being green doesn’t cut it. The only way to rapidly introduce a sustainable technology into the market is first to make it good business, then make it green.”
"To drive innovation to market, you need the right people, a compelling vision, collaborators who give you market insight and credibility, and not quite enough time," continued Schuler. “While start-ups can shoulder levels of risk too destabilizing to large corporations, they usually fail by running out of time. R&D needs to be focused quickly and directed by market insights and hard data, not theories.”
Concrete is the most widely used material in the world. The cement used to produce it is the second largest emitter of carbon dioxide in the world. “The industry knows this is a challenge they must address, and they have set goals to dramatically reduce their carbon footprint,” explained Schuler. "Our job at Solidia isn’t only to develop sustainable technologies; it’s to make it possible for industry to adopt them.”
Noting the challenge of introducing innovation to an older, traditional industry, he commented, "We are bringing a sustainable innovation to a market that is 2,000 years old. The last time this industry embraced a major product innovation was about 200 years ago with the invention of Portland cement. That we are targeting an industry resistant to change is an understatement."
Recounting the process for creating a relevant and inspiring vision that would resonate foremost with potential customers, he shared, "When I joined in 2011, we had an award-winning technology and a committed board, but we were not ready for prime time. My first job was to align the company around a common vision. First, we kicked the entire staff out of the office for six weeks. We talked to everyone we could get our hands on in the market—cement companies, pre-casters, block makers. I told the many PhD staffers that they could only ask questions and listen…not teach."
Schuler's team came up with a vision that informed its business strategy: "We are a cement and concrete technology company with a goal of making it easy to adopt sustainable technologies by leveraging the market’s existing equipment, raw materials and processes. It has to be profitable from the beginning. And, oh, by the way, it’s also green.
Another milestone in the company's pathway to commercialization that Schuler covered was the importance of forming strategic partnerships: "We needed partners to help shorten our learning curve on technologies that were not core to our offering. They provide market insight, credibility and get us to the market; partners open doors." Solidia Technologies is in active partnerships with Lafarge, the cement giant, and The Linde Group, a supplier of industrial gases, to advance R&D and market their technologies.
About Solidia Technologies®
Solidia Technologies® makes it easy and profitable to use CO2 to create superior and sustainable building materials. Their patented technologies start with sustainable Solidia Cement™ and cure concrete with CO2, reducing carbon emissions up to 70% and recycling 60-100% of the water used in production. Using the same raw materials and existing equipment as traditional concretes, Solidia Concrete™ products are higher performing, cost less to produce, and cure in less than 24 hours. Honors include the Cleantech 100, the R&D Top 100, the CCEMC Grand Challenge, the Katerva Award, and MIT’s Climate CoLab, and a 2014 Best Place to Work in NJ. Based in Piscataway, NJ, Solidia’s investors include Kleiner Perkins Caufield & Byers, Bright Capital, BASF, and BP. Follow Solidia at www.solidiatech.com and on LinkedIn and Twitter: @SolidiaCO2.
About Cleantech Group
Founded in 2002, Cleantech Group’s mission is to accelerate sustainable innovation. Core to this mission is i3, an online platform that connects corporates with innovation, at scale, by allowing them to find, vet, and connect with start-ups—efficiently building an innovation pipeline. In conjunction with i3, we offer premium Advisory Services for corporates in need of expertise designing and executing strategies for sustainable innovation, and managing the pipeline created in i3. The i3 platform comes to life at our global Events, which convene corporates and start-ups, along with other players shaping the future of sustainable innovation.
Cleantech Group is headquartered in San Francisco, and has offices in London and New York.
New York Times bestselling author Thomas M. Kostigen’s NATIONAL GEOGRAPHIC EXTREME WEATHER SURVIVAL GUIDE: Understand, Prepare, Survive, Recover (National Geographic Books; ISBN: 978-1-4262-1376-2, on sale Oct. 21, 2014; $30 hardcover), is the only book that you will want to have with you when the weather becomes so extreme that one wrong decision could be a matter of life or death.
With record-breaking temperatures, storm intensities, property destruction and even fatalities, the news is filled with catastrophic events: Hurricane Sandy brought epic destruction to New York and New Jersey in 2012; monster Typhoon Haiyan wrought havoc in the Philippines in 2013; and a dip in the polar vortex in 2014 made Chicago colder than the South Pole in summer. In many places, summers are hotter, winters are colder and new weather records are frequently set. One thing is clear: We need to be prepared to deal with Mother Nature in order to protect our loved ones, our property, our communities and our lives. THE EXTREME WEATHER SURVIVAL GUIDE explains how to survive in this new normal.
A hurricane is coming. Should you leave home or stay put? What could be lurking in water that has flooded your house? (Hint: They slither!) What should you do if you’re trapped in a house during a wildfire? Where is the safest place to seek shelter outside during a downpour or thunderstorm? If you need to evacuate your home, what should you bring with you and where should you go? How do you power up when the power grid goes down? If you have no heat during a blizzard, how do you keep warm? Where is the safest place to be during a tornado?
Many people face these questions in the heat of the moment, but as Kostigen points out in his timely and important book, it’s best to know the answers long before an extreme weather event occurs. Each chapter — thunderstorms, floods, hurricanes, tornadoes, drought, wildfires, rising temperatures, heat waves, cold waves and blizzards — includes critical guidelines and information from organizations and agencies such as the Red Cross, Federal Emergency Management Agency and National Oceanic and Atmospheric Administration that are the most experienced in handling these emergencies. Kostigen’s level-headed discussion of current weather extremes, facts and details on conditions and theories as to why these conditions are occurring arms us with the knowledge needed to recognize when bad weather is on the horizon. His “dos and don’ts” for being inside and outside and at-a-glance guidance help to ensure that you can beat the odds against a weather emergency and recover as soon as possible. Useful sidebars feature vital gear and gadgets to have on hand, provide safety tips for your pets (and explain why dogs and cats are afraid of thunder and lightning) and give the basics for stocking food and water supplies and your emergency safety kit. Survivors and experts share firsthand accounts and observations on how to survive horrific weather conditions, hoping their cautionary tales can help you in a flood or wildfire, hurricane or hailstorm, blizzard or heat wave.
Coupled with breathtaking photography of some of nature’s wildest weather from the National Geographic archives and explanatory weather diagrams, THE EXTREME WEATHER SURVIVAL GUIDE gives you the knowledge and tools you’ll need when the weather turns against you.
Publishing a week earlier, on Oct. 14, 2014, is a National Geographic Kids’ book by Kostigen, “Extreme Weather: Surviving Tornadoes, Sandstorms, Hailstorms, Blizzards, Hurricanes, and More!” (ISBN: 978-4263-1811-5).
About the Author
Thomas M. Kostigen is the founder of The Climate Survivalist.com and a columnist for USA Today. He is the co-author of the New York Times bestseller “The Green Book: The Everyday Guide to Saving the Planet One Simple Step at a Time” as well as five other books, including “You Are Here,” “The Green Blue Book” and “The Big Handout.” He appears regularly in the media, and has been a guest on the Today Show, CNN’s Erin Burnett, MSNBC’s Morning Joe, CNBC, National Public Radio, Entertainment Tonight, Fox News, among many other programs. Follow him on Twitter @weathersurvival or via The Climate Survivalist on Facebook.
Back for the 9th year, The Sustainable Supply Chain Summit is the world's leading meeting place for senior executives looking to put sustainability at the heart of their supply chains and wider value chains.
Companies & Causes Canada will be held on October 28th at the Toronto Board of Trade. This inaugural event is a powerful forum bringing together the professionals who will shape the future of socially responsible commerce in Canada and a chance to learn from, share and nurture corporate initiatives combining profit and purpose.
Founding corporate sponsors include Manulife, Shoppers Drug Mart, CIBC, TELUS, ScotiaBank and RBC. Keynote speakers include Unilever Canada, Children’s Miracle Network Canada, TELUS, Canadian Tire,DoSomething.org and TerraCycle. You’ll find the full program here.
For nearly 20 years, the annual Renewable Energy Markets (REM) conference has been the leading forum for the clean energy marketplace. Attracting participants from around the globe who share an interest in and commitment to promoting clean energy, REM remains the only conference of its kind focusing on national and international markets for renewable energy. Organized by the nonprofit Center for Resource Solutions and co-sponsored by the U.S. Environmental Protection Agency, this annual meeting of clean energy stakeholders includes generators, marketers, utility representatives, purchasers, policymakers, and regional stakeholders, and sets the agenda for the year to come.
This year's conference will be held December 2–4 in Sacramento, CA.
GreenBiz Forum 2015 brings together an unprecedented partnership between GreenBiz Group, The Sustainability Consortium, and The Walton Sustainability Solutions Initiatives, a unit of the Julie Ann Wrigley Global Institute of Sustainability at Arizona State University, to give attendees an unparalleled in-depth look at the key challenges and opportunities facing sustainable business today.
Framed by GreenBiz's 2015 State of Green Business report, the high-wattage stage presentations, workshops and networking opportunities will make GreenBiz Forum 2015 an unforgettable event.
Join us at GreenBiz Forum (Feb. 17-19) and save 10% when you use our discount code GBF15CSR
VERGE focuses on the technologies and systems that accelerate sustainability solutions across sectors in a climate-constrained world.
It focuses on transformative but practical, scalable, solutions-oriented exchanges through six program tracks:distributed energy systems,next-gen buildings, resilient cities,sustainable mobility, smarter supply chains, and food and water systems.
Participants come from a broad range of sectors and job functions, including buildings and facilities, fleets, IT, energy, sustainability, strategy, policymakers and the public sector.
‘How business can tackle deforestation’ will be a two-day conference, with interactive working groups that discusses the latest trends, debates the issues, connects the key players and drives change.
Offering their views will be senior representatives from the likes of Wilmar International, Unilever, Ikea, Mars, New Britain Palm Oil, M&S, Nestle, McDonald’s and many more.
Innovation Forum would like to offer you a 15% discount on the ticket price. Just quote CSRW15 when registering or get in touch with Innovation Forum directly – firstname.lastname@example.org.
The U.S. Chamber of Commerce Foundation Corporate Citizenship Center (CCC) will host a conference call on Friday, September 26 at 2:00 p.m. Eastern Time to discuss the Ebola outbreak in West Africa.
Over the past six months, an Ebola outbreak has affected five countries in West Africa (Guinea, Liberia, Nigeria, Senegal, and Sierra Leone). The current outbreak is unprecedented in scale and geographical reach: the present West Africa outbreak has a higher caseload than all other previous Ebola crises combined.
Worse yet, the United Nations reports that the outbreak continues to accelerate, with almost 40% of the total cases occurring in the past 21 days. CCC’s Ebola coordination conference call will provide updated information on the humanitarian response and the efforts to contain the disease. It will also detail ways that the business community can help.
Dr. Beth Bell,Director of National Center for Emerging and Zoonotic Infections Diseases, Centers for Disease Control and Prevention
Joe Ruiz, Director, UPS Humanitarian Relief Program, The UPS Foundation
Rabih Torbay, Vice President of International Operations, International Medical Corps
Ken Isaacs, Vice President of Programs and Government Relations, Samaritan’s Purse United Nations
5 Continents, 30 Countries, 5000 Executives have experienced CSE's sustainability training.
Now, for the very first time CSE delivers this advanced course in Atlanta and invites you to be a part of it.
CSE courses are accredited and approved by IEMA (Institute of Environmental Management and Assessment), the leading international membership-based organization for Sustainability Professionals with more than 15,000 members based in 83 countries.
Key issues to be covered: This challenging 2-day training program enables participants to acquire the skills and competencies required for the effective use of the GRI Framework, GRI reports and publication of CSR/ Sustainability Reporting in alignment with the new GRI G4 Guidelines.
The training provides insight on the conceptual introduction and preparation of the GRI reporting process, covers all the issues related to the dialogue with stakeholders and credibility of the reporting process, defines the content of the report and the monitoring process and explains in detail the preparation and communication of the final report. Upon successful completion of the course, trainees will be able to submit a 2-year sustainability action plan that will enable them to earn the globally recognized certification as CSR Practioners. Attendees will also update their CSR knowledge, successfully implement and upscale sustainability strategies taking place within their organization and network with other professionals in the field.
1. Sustainability (CSR) and the Business Case for Adoption
2. Current Global & Local Legislation for CSR and GHG Emissions
3. Sustainability (CSR) Strategy and Related Global Standards and Guidelines
4. The Importance of Sustainability (CSR) in Supply Chain and Carbon Footprint Reduction
5. Sustainability (CSR) and Integrated Reporting based on GRI and IIRC Guidelines
6. External Assurance and How to Communicate and Gain Credibility in Your Report
7. The Role of the Sustainability (CSR) Practitioner / Future Trends and Practitioner Assignment
Who should attend: CSR Professionals Public Relations Communication and Marketing Managers Human Resources Managers Sustainability and Environmental professionals General Managers
As a special gift to the people of Samoa for hosting the Third International Conference on Small Island Developing States, the United Nations is sponsoring a four-day film festival in partnership with the United States-based BLUE Ocean Film Festival and the National University of Samoa.
“We are pleased to support this unique initiative between BLUE and the National University of Samoa,” said Christian Clark, United Nations Spokesperson for the Third International Conference on Small Island Developing States. “Media has the power to catalyze important discussions. We hope this festival will help inspire dialogue between the Samoan people and arriving delegations, media and others attending this important meeting.”
The Conference will focus the world’s attention on a group of countries that remain a special case for sustainable development in view of their unique and particular vulnerabilities. The meeting seeks a renewed political commitment to address the special needs and vulnerabilities of small islands and aims to identify opportunities for sustainable development of those states, particularly through the strengthening of partnerships between small islands and the international community.
“We are honored to support the Third International Conference on Small Island Developing States, and to partner with the United Nations for our films,” said Deborah Kinder, Co-founder and CEO of BLUE. “This supports our mission to provide global educational outreach that inspires people everywhere to connect with ocean conservation, and to serve as a catalyst for discussion.”
The United Nations has selected a number of different films for BLUE On Tour to engage a broad range of people, from experts to governments, on the issues surrounding ocean and climate change. This is the first time that the UN has partnered with BLUE, which was chosen for its wide range of ocean films.
The four-day BLUE On Tour film festival will be held at the National University of Samoa in Apia, Samoa on 26-29 August at lunchtime in Room D-210.
Film Schedule: UPDATE: Films will also be shown Friday afternoon
Tuesday, 26 August - Planet Ocean - Part I, Hope Productions
Wednesday, 27 August - Planet Ocean - Part II, Hope Productions
Thursday, 28 August - World's Largest Marine Park, Khalid bin Sultan Living Oceans, Foundation: Mapping the Blue; Selected Shorts, UNEP, The Krill is Gone
Friday, 29 August - Saving Our Tuna, UNDP; Swains Island, Jean Michel Cousteau, Ocean Futures Society
For more information regarding this event, please visit: http://www.blueoceanfilmfestival.org/blue_on_tou_samoa.htm
BLUE On Tour
Charlotte Vick, email@example.com
UN Department of Economic and Social Affairs
Diane Loughran, firstname.lastname@example.org
UN Department of Public Information
Wynne Boelt, email@example.com
BLUE On Tour Samoa media inquiries (USA)
Martha Shaw mailto:Martha@earthadvertising.com
Register before July 15 for Early Bird Pricing
Business engagement in communities is stronger than ever. They invest time, resources, and capital to help make the world a better place. But how do we know whether these efforts have been truly successful?
The U.S. Chamber of Commerce Foundation Corporate Citizenship Center’s 2014 conference is focused on results. In today’s world, companies must ensure that every dollar spent is meaningful, that every employee volunteer opportunity is worthwhile, and that every investment shows a return. There is more pressure than ever from corporate stakeholders to show meaningful outcomes. From philanthropy to shared value, from sustainability to governance, from partnerships to employee engagement, companies must ensure their work is driving measurable, lasting impact.
We believe that stronger businesses can achieve greater results that create a better world. Join us in Washington, D.C. this September to learn how.
Register before July 15 for Early Bird Pricing!
Sustainable Brands ’14 London – Successful brands today are expected to deliver deeper value to their customers – moving beyond ‘less bad’ toward becoming a new positive force for restoring healthy environments, communities, families and people. As a result, brands are forming a new conception of what’s possible and looking for opportunities to re-design every aspect of their business, seeking regenerative business models that create positive net impact. Join the assembly of global thought leaders and practitioners who are demonstrating the many ways brand leaders are succeeding by contributing to a thriving global economy – with health, dignity and happiness for all.
The Sustainable Brands community continues at the forefront of brand innovation as regenerative models make their way into mainstream business. Collaborate with market-making companies such as Unilever, BASF, Coca-Cola, Marks & Spencer, Heineken plus others as peers and colleagues gather for another Sustainable Brands European community event this coming November in London, England. Take part in experiential brand-activation activities, the Activation Hub, research roundtables, and more.
Sustainable Brands’ mission is to inspire, engage, and equip brand leaders to find new ways to drive business and brand value by innovating for improved environmental, social and economic impact. This community of business leaders will show you how to build shared vision, leverage new technologies, and implement ideas that contribute to the collective health of individuals, organizations, and economies alike. Registration is now open and sponsorship and volunteer opportunities are available. For details as they unfold, visit www.SB14London.com or call +1 415.626.2212. Lancaster London, London, UK. November 3-5, 2014.