• Connect with us


                         

  • IQ: Nov 2012




     

     

    Impact Quarterly Issue 8: Localizing Capital Markets

    November 2012



    Dear Friends,

    One of the holidays that I embraced wholeheartedly during my two decades in the US was Thanksgiving. I loved that it was a holiday for everyone, regardless of religious affiliation, to say ‘Thanks’ to our loved ones and to acknowledge how blessed each one of us is in many different ways. This week as the US is celebrating Thanksgiving, I would like to embrace the holiday from Asia and thank all our partners and supporters for enabling us to create social capital markets at local and regional levels across Asia. 

    We have seen through our work that while the social finance/impact investing space needs greater public policy involvement, there is much opportunity at the local level to generate momentum for these policy initiatives. Many of our partners have seized the opportunity, and as a result, the seeds of a larger impact investing ecosystem have been planted. This has happened in various ways through the work of International NGOs, multilateral financial institutions, cultural institutions, communities, organizations, and individuals. Thus, this Impact Quarterly is for us to say, ‘Thank you’ to all the local initiatives that we have learned about or are fortunate to be a part of.

     

    As you are starting to wind down 2012, take a moment to see what you can do in a local level to create sustainable change – be it as an Impact Leader, getting involved with a local Social Enterprise, or simply visiting a country not only for the usual R & R but also to get to know the community needs. 

    Have a wonderful Holiday Season and enjoy our last Impact Quarterly for the year.

    From the beautiful island of Singapore which is even more beautiful with all the recent rains, Eid, Diwali and Christmas decorations,

    Durreen Shahnaz

    Founder

    IIX and Shujog

    Impact Investing Practices

    From Philanthropy to Impact Investing: The Role of Women Investors in Asia

    There is a historical gender-bias in investment and finance, with women often considered “too soft” and “not enough returns-focused”, whereas their comparative strengths in leadership positions and their importance as a key consumer is often overlooked. This explains the extremely low proportion of women investors across the globe, and especially in Asia.

    Read the entire article here>>

     

    _______________________________________________________

     

    Transition Town: Alternative Currencies for Local Growth

    There are people in Adelaide, Ann Arbor and Arles, Bangkok, Barcelona and Boston, Cape Town, Cambridge and Chennai, and Limerick and London — all part of the global grassroots Transition Initiative sprouting up around the planet. So, what is Transition anyway? According to a recent issue of the venerable UK magazine, Resurgence, “it is an extraordinary movement giving rise to an ever growing list of amazing and inspiring grass-roots projects…a 21st Century global phenomenon that continues to expand and thrive. A movement that politicians and other world leaders are sitting up and paying attention to.”

    Read the entire article here>>

    _______________________________________________________

     

    Building Social Enterprise Skills at the Local Level

    Image Source: British Council. 

    The British Council, the UK’s international organization for educational opportunities and cultural relations, works with social innovators through a global program called Skills for Social Entrepreneurs. The program is delivered through partnerships with private, public, and third sector organizations and seeks to leverage the Council’s convening power across sectors and presence in over 100 countries as well as the UK’s experience as a hub of social innovation (Last year, Social Enterprises provided over one million jobs and contributed £24 billion to the UK economy). 

    Read more about the Social Enterprise Skills program here>>

    _______________________________________________________

     

    Six Steps to becoming an Impact Leader

    A growing number of philanthropists and investors are allocating their capital into investments that generate positive social and environmental impact in addition to financial return. Whether investors are searching for a more efficient and sustainable way to pursue philanthropy or looking to simply diversify their investment portfolios through a new asset class, we see some interesting trends emerging from investment decisions of impact investors. It also clearly points out which investors are emerging as ‘Impact Leaders’ in the space. See for yourself if you have it in you to become an ‘Impact Leader’.

    Read the rest of the Six Steps to becoming an Impact Leader here>>

    In Photos

    IIX and Shujog on the Road

    From top left, clockwise: (1) Shujog’s Magnus Young presenting at the Asian Solidarity Economic Forum 2012 in Manado, Indonesia; (2) IIX Director and Head of Investor Team En Lee at Give to Asia’s 10th Anniversary with Give to Asia President and CEO Barnett F. Baron, Jed Emerson, and Give to Asia Director Al Njoo; (3) Three of IIX’s staff on field in Dhaka; (4) IIX Director and Head of Social Enterprise Team Raya Papp at the Ateneo-PhilSEN Social Enterprise Conference in Manila; (5) Prof. Durreen Shahnaz (seated, second from left) in a panel at the Milken Institute Summit in London; (6) IIX at Toniic’s annual gathering; and (7) IIX Managing Director Rob Kraybill and En Lee at the GSIF Gala Dinner in Singapore.

    Sector News





    © Energy for All.

    Paving the Road for Sustainable Energy for All

    The majority of the world’s poor live in Asia and the Pacific region, with over 700 million people having no access to electricity and 1.9 billion still burning primitive fuels for heating and cooking. This widespread energy poverty challenges the gains Asia has made in terms of economic growth – although Asian economies have grown strongly over the past few decades, it is clear that this growth has not been felt by all, especially the rural poor.



    Read the entire article here>> 

    Partner Feature



    CARE's JITA program

    © CARE. 



    Bridging the Gap between Development Programming and Social Enterprise Creation

    CARE International is one of the world’s largest international development NGOs, and has promoted sustainable solutions to poverty issues in the most marginalized areas of the world for more than 65 years. Directly reaching more than 82 million people annually, in over 87 countries, they work alongside communities to provide people, especially women, with appropriate resources to lift themselves out of poverty.

    Read the entire article here>>

    SE Series

    Bagosphere founders with their pilot class

    © Bagosphere.

     

    Getting to know the Social Entrepreneur: An Interview with Zhihan Lee, Co-founder of BagoSphere

    Impact Quarterly (IQ) recently interviewed Zhihan Lee to know more about the story of the Social Entrepreneur behind BagoSphere, the award-winning vocational training enterprise that provides affordable and effective training programs specifically catered to rural, low-income youth. Read on as Zhihan shares what brought him to start BagoSphere with his co-founders, Ivan Lau and Ellwyn Tan, and what his experience in starting a pilot program and raising capital has taught him. 

    Read the interview here>> 

     

    View from the Field



    © IIX. 

    In the Eyes of Dhaka

    In 2013, IIX will be embarking on several partnership opportunities with some of the world’s largest NGOs, some of which are in Bangladesh. To continue to drive momentum forward, I, as part of the IIX Business Development team, was very lucky to travel to Dhaka in October to see firsthand how our regional work can translate on a local level in one of the oldest and most effective social enterprise markets in Asia. Being there during Durga Puja and Eid-ul-Adha was an intense experience that I will also remember. 

    Read the rest of the article here>>

     

    In This Issue

    Impact Investing Practices

    From Philanthropy to Impact Investing: The Role of Women Investors in Asia

    Transition Town: Alternative Currencies for Local Growth

    Building Social Enterprise Skills at the Local Level

    Six Steps to Becoming an Impact Leader

    In Photos

    • IIX and Shujog on the Road

    Sector News

    Paving the Road for Sustainable Energy for All

    Partner Feature

    Bridging the Gap between Development Programming and Social Enterprise Creation

    SE Series

    Getting to Know the Social Entrepreneur: An Interview with Zhihan Lee, Co-founder of BagoSphere

    View from the Field

    In the Eyes of Dhaka

     

    Impact Chat: Quest for Food Sustainability

    Join us this Saturday, November 24, for some fresh air as we go on a Quest for Food Sustainability at the Kranji Countryside to tour and discuss how farmers in Singapore are turning one corner of the little red dot into a sustainable farming hub. So come hungry and curious for this month’s Chat! Register now here>>
    ______________________

     

    IIX at KCMI Conference

    Watch Prof. Durreen Shahnaz’s session on Capital Markets with a Heart at the KCMI Conference here>>

    ______________________

     

    ©Copyright WWF.

    WWF Switzerland Tropical Forest Challenge

    IIX supports the WWF Switzerland Tropical Forest Challenge, a search for innovative for-profit enterprises from around the world that have a positive impact on tropical forest biodiversity. Although tropical rainforests cover only about 6% of the earth’s land surface, they are important centers of biodiversity and ecosystem services. They are also critical for the survival of local communities and mankind in general. Submissions on solutions that help conserve tropical forests, benefit local people, and generate profits to scale impact from three categories: Idea, Startup, and Company, were received last September 30. The winner will be announced this December 17, 2012. Look out for updates here>>

    ______________________

     

    IIX and SEAS Partnership 

    IIX and the Sustainable Energy Association of Singapore (SEAS) are proud to be partners in promoting the growth of Social Enterprises in the energy sector in the Asia Pacific. Read more about the joint effort here>>

    ______________________

     

    Meet our Fall Team

    Meet the dedicated volunteers of IIX and Shujog.

    Andrew Fam is the Co-Founder of TaskAmigo, an online start-up that helps companies quicky find and hire people to do errands and temporary jobs ranging from basic administration to invoicing, sales, and graphic design. Andrew has a B.Appl. Sci. in Chemistry from the National University of Singapore. 

     

    Angela Ng most recently spent three years working at the United Nations Headquarters in New York where she was involved in the planning and proposal of various programmes and budgets for submission to the United Nations General Assembly. Prior to that, Angela was specializing in IPOs and corporate finance projects of public companies listed in Singapore. She holds a B.Acc from Nanyang Technological University.

    Charumathi Raja is a third year Economics student at the University of Warwick, United Kingdom. Prior to Shujog, Charu interned at a government accountability project for a think tank in India and volunteered for education projects in India and Singapore. 

    David Pedersen studied International Business at the Copenhagen Business School and recently completed his Masters in Finance degree from the London School of Economics. He has internship experience from various investment managers operating both in the private and public equity markets. In addition, he has worked on a microfinance project in Ghana and taught at a non-profit school in India.

    Janet Chang graduated from Duke University with Distinction in Economics and a second major in Mathematics. Janet co-founded Duke China Care to promote awareness of cross-border adoption. Prior to IIX, Janet was an analyst at Morgan Stanley investment banking group in Taiwan and capital markets group in Hong Kong, where she worked on various equity and corporate finance projects. At Morgan Stanley, she also served as the Community Service Chair on Analyst Council for Asia Pacific IBD and actively engaged her colleagues with socially responsible initiatives.

    Kenny Ewell is fresh off a year in the Philippines as part of the Princeton in Asia fellowship program, where he worked in the non-profit space in Manila. In Manila, he assisted both an export assistance non-profit and an anti-child trafficking organization with marketing and development. Prior to Princeton in Asia, Kenny was an analyst in J.P. Morgan’s healthcare investment banking group in New York, where he worked on a variety of M&A, debt, and equity transactions in the healthcare industry. Kenny has an A.B. in Economics from Princeton University.

    Rena Chen was a Princeton in Asia fellow in Singapore teaching and working with students at Ngee Ann Polytechnic and the Culinary Institute of America, Singapore on issues of sustainability and research on food systems in the US, Thailand, and Malaysia. Rena volunteered with non-profits and Social Enterprises in Latin America in addition to starting EDIBL, a student advocacy group aiming to promote the cultural acceptance of insects as a tasty and nutritionally-important food. Rena has a Bachelor’s in Anthropology, Urban Studies, and Environmental Studies from Princeton University. 

    Siyang Chen is a senior post-graduate in Applied Economics at the National University of Singapore (NUS). Siyang was a lead graduate researcher in Nankai, focusing on the field of Energy Economics and published three working papers. Siyang also worked as a research assistant at the NUS Department of Social Work, working on qualitative and quantitative data analysis for Singapore Government’s Work Support Self-Reliance Project. She has volunteered in the Culture Development Center for Rural Women in Beijing, Non-Profit Incubator (NPI) in Shanghai, and interned in RASTI in Islamabad. Siyang has a bachelor’s degree in Economics from Nankai University.

    Yan Ling Tay is a senior majoring in Economics at Waseda University. Her previous internship experiences include a stint at International Enterprise Singapore, and with the Government of Singapore Investment Corp., where she interned at the Fixed Income Trading desk, Real Estate Investment and Financial Services Department. Her interest in development has furthered her to an internship with the CSR department at Mitsubishi Corp. where she is also an active volunteer.

    Connect With Us

    Friend on Facebook Facebook
    Follow on Twitter Twitter

    Copyright © 2012 IIX and Shujog, All rights reserved.