MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Grants Transparency Certificates to Microfinance Investment Vehicles (MIVs) That Adhere to Environmental, Social and Governance (ESG) Standards

CGAP (Consultative Group to Assist the Poor), a policy and research center dedicated to enhancing financial access for the world’s poor, has announced its granting of Transparency Certificates to several microfinance investment vehicles (MIVs) that are in compliance with its environmental, social and governance (ESG) guidelines for MIVs. Eligibility requirements for the ESG Transparency Certificate include reporting on approximately 80 percent of the ESG indicators in the CGAP MIV Survey and demonstrating adherence to these standards. Out of the 31 MIV applications received by CGAP, 26 were granted with the Transparency Certificate [1].

CGAP and the United Nations Principles for Responsible Investment (UNPRI), a network of international investors created to promote the practice of responsible investing, partnered to develop indicators to measure ESG practices among MIVs [2].

The MIV Transparency Certificate recipients are managed by the following firms:

Alterfin

Triple Jump

Bellwether Fund

Blue Orchard

Vision Microfinance

EMF Microfinance Fund

European Fund for Southeast Europe (EFSE)

FINCA International

Finethic

Triodos

Incofin

Indian Financial Inclusion Fund

Microfinance Enhancement Facility

Oikocredit

PlaNet Microfund

responsAbility

SNS Asset Management

Wallberg

Details on these and other funds may be found at: https://www.microcapital.org/microfinance-funds-universe/

About CGAP: Housed at the World Bank Group, CGAP (Consultative Group to Assist the Poor) is an independent policy and research center dedicated to facilitating the provision of financial access to poor people worldwide. CGAP is supported by approximately thirty development agencies and private foundations. Its mission is to provide market intelligence, to promote standards and to offer advisory services to governments, microfinance providers, donors and investors

By Diana Baide, Research Assistant

[1] Press Release submitted to MicroCapital by CGAP in November 2010

[2] MicroCapital. “MICROCAPTAL BRIEF: CGAP (Consultative Group to Assist the Poor), United Nations Principles for Responsible Investment Initiative Set Standards for Microfinance Investment Vehicle Environmental, Social and Governance (ESG) Performance” by Diana Baide, 2 November 2010

https://www.microcapital.org/microcapital-brief-cgap-consultative-group-to-assist-the-poor-united-nations-principles-for-responsible-investment-initiative-set-standards-for-microfinance-investment-vehicle-environmental-socia/

MicroCapital’s Microfinance Universe profile: CGAP (Consultative Group to Assist the Poor)

https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=CGAP+(Consultative+Group+to+Assist+the+Poor)

Browse MicroCapital’s Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/tiki-index.php

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