"Este informe examina el panorama de la Inversión de Impacto en América Latina y el Caribe durante 2020 y 2021, con base en una muestra de inversionistas de impacto activos en la región, destacando tendencias, desafíos clave y oportunidades, y presenta análisis profundos de esta actividad en tres de los mercados más grandes de la región: Brasil, Colombia y México, así como un acercamiento a Guatemala. Entre sus hallazgos, el estudio muestra que los inversores de impacto buscan cada vez más retornos a tasas de mercado, manteniendo esquemas de retorno flexibles de acuerdo con las necesidades específicas de los países y sectores. Además, revela que los inversores de impacto aún dependen en gran medida en herramientas de medición de impacto desarrolladas por sí mismos, mientras que un número cada vez mayor de ellos utiliza herramientas existentes para abordar los requisitos de medición de impacto. El acceso al capital, la educación y la capacitación, y el entorno regulatorio local se identifican como los desafíos más comunes a superar para activar el potencial del ecosistema emprendedor de la región a través de la inversión de impacto".

"This report examines the impact investing landscape in Latin America and the Caribbean for 2020 and 2021, based on a sample of active impact investors in the region, highlighting trends, key challenges, and opportunities, and featuring deep dives on activity in three of the region's largest markets: Brazil, Colombia, and Mexico, as well as a feature on Guatemala. Among its findings, the study shows that impact investors are increasingly seeking market-rate returns while keeping flexible return schemes according to the specific needs of countries and sectors. Additionally, it reveals that impact investors still heavily rely on proprietary impact measurement tools, while an increasing number of them are using existing frameworks to tackle impact measurement requirements. Access to capital, education and training, and the local regulatory environment are identified as the most common challenges to overcome to unlock the full potential of the region's entrepreneurial ecosystem through impact investment."

"The report “Impact Investments in Brazil – 2021”, carried out by ANDE in partnership with the Alliance for Impact Investments and Businesses, Instituto Clima e Sociedade, Fundação Grupo Boticário and with the support of Wright Capital, captures the characteristics of the impact investing in Brazil in the year 2021, based on a sample of 38 impact investors active in the region. The report provides an overview of where and how capital is being allocated and identifies the challenges facing the ecosystem, in addition to addressing topics such as gender equity, assessment of climate risks and opportunities for the portfolio and measurement of greenhouse gas emissions. greenhouse associated with the portfolio. Pipe.Labo coordination and analysis"

Como tem feito desde 2013, a Aspen Network of Development Entrepreneurs (ANDE) foi a campo para produzir dados e análises sobre o mercado de investimentos de impacto brasileiro. O ano de 2021 – recorte deste estudo – é um marco importante para o setor em todo o mundo. Afinal, trata-se do primeiro dos últimos 10 anos até 2030, ano que a Assembleia das Nações Unidas apontou como alvo para o alcance dos tão almejados Objetivos de Desenvolvimento Sustentável (ODS, ou SDG na sigla em inglês). Firme na convicção de que os empreendedores e seus negócios são uma peça-chave do desenvolvimento social e econômico, local e globalmente. Este estudo, propõe-se a retratar o mercado de investimentos de impacto brasileiro e, em particular, produzir informações que ajudem investidores, empreendedores e agentes deste mercado à tomada de decisão

This report provides insights into the state of social innovation and impact investment in India. The report analyzes the key trends and developments in the social innovation ecosystem in 2022 and highlights the opportunities and challenges for the sector. It provides a comprehensive overview of the impact investment landscape in India and assesses the performance of impact investment funds and organizations in the country. The report identifies the key drivers of the social innovation sector, including the growing focus on sustainability, innovation, and impact measurement. It also highlights the need for increased collaboration and knowledge sharing among stakeholders to address the challenges faced by the sector, such as the lack of adequate funding, regulatory barriers, and limited capacity for impact measurement. The report emphasizes the role of impact investment in driving social change and calls for greater support from the government, private sector, and civil society to foster the growth of the sector. It recommends the development of a conducive policy and regulatory environment for impact investment, the establishment of a dedicated impact investment fund, and the creation of platforms for knowledge sharing and collaboration among stakeholders. Overall, the report presents a positive outlook for the social innovation and impact investment ecosystem in India and highlights the potential for the sector to drive sustainable and inclusive development in the country.

This report provides insights into the current policy landscape and regulatory environment for impact investment in Bangladesh, identifying the challenges that have hindered the growth of the impact investment sector in the country, such as the absence of a supportive ecosystem and inadequate policy frameworks. Through the analysis of the current state of the impact investment ecosystem, the report highlights the need for a clear and comprehensive policy framework, increased awareness and understanding of impact investment, and capacity building for investors and investees. It also stresses the potential of impact investment to promote sustainable development in Bangladesh and calls for increased government support and private sector engagement to foster the growth of the impact investment ecosystem. It finalizes by recommending the development of a national impact investment strategy, the establishment of a dedicated impact investment fund, and the creation of a platform for knowledge sharing and collaboration among stakeholders to create an enabling environment for impact investment in Bangladesh.

"The gender financing gap persists. Women-led startups raise significantly less capital than startups led by only men. According to PitchBook Data, in 2021, 85.4% of global VC dollars went to startups with only men on the founding team.

That number has hardly budged over the past decade — despite the fact that data continues to suggest that women-led startups outperform startups with all-men founding teams. For example, a BCG study found that women-led companies generate more than twice as much additional revenue per dollar invested (78 cents versus 38 cents) and a PitchBook study found that women-led startups reach their exit stage a full year earlier than all-male-founded startups (median 6.4 years versus 7.4 years).

For investors, focusing on only a fraction of all entrepreneurs means they leave significant opportunities for returns on the table. For startups, this gender financing gap means promising innovations do not receive the resources they need to scale.


That is why Village Capital partnered with IFC, We-Fi, the World Bank, and researchers Amisha Miller and Saurabh Lall to identify and test several concrete ideas for how to help close the gender financing gap. With the support of a research coalition that also includes Visa Foundation, Moody’s, ANDE’s Advancing Women’s
Empowerment Fund, Sasakawa Peace Foundation, and ANDE’s SGB Evidence Fund, we have identified several promising interventions.


Now we are sharing our results, and encouraging investors and accelerators to take action."

"The Climate Capital Network’s (CCN) first annual India Climate Finance Report explores the direction of climate finance in India, uncovers funding opportunities and gaps, and showcases organisations that are using innovative approaches. This report consolidates survey findings, interviews, and articles from leading climate finance organisations allocating in India. The universe of funders in India has grown significantly to encompass everyone from the Climate Committed (core mandate and/ or deploying in these sectors for a number of years) to the Climate Crossover (newly part of the mandate and starting to actively deploy/ refine thesis) to the Climate Curious (will opportunistically deploy, but no specific mandate at this point). We reached out to funders who are actively and strategically looking at climate right now. The focus of this report is on the data as a way to provide context and background, but equally importantly on the insights and areas of emergence."

"This Guide was developed for impact and mission-driven investors (“Investors”) operating in emerging markets to provide concrete, practical pathways for investing with a gender lens. The adoption of Gender Lens Investing strategies amongst investors in emerging markets in turn increases the amount of capital deployed towards women-led and gender inclusive businesses. Specifically, this Guide offers pathways for investment professionals, limited partners (LPs) and general partners (GPs) at impact and mission-driven Venture Capital (VC) and Private Equity (PE) firms that are investing in small and medium-sized enterprises (SMEs). Other actors that may also find the Guide useful are limited partners (LPs), asset managers, foundations, family offices and development finance institutions (DFI) that are providing capital to SMEs in emerging markets (Please see Figure 1: Who is this Guide for?). While the investor examples and data presented in the Guide originate from Investing in Women partners and countries of focus, the lessons learned apply broadly to investors operating in emerging markets.

There is no singular or linear path to investing with a gender lens, and there is no single ‘one-size-fits-all’ approach to meet the needs and theses of all investors. With that in mind, the Guide outlines various options for investing with a gender lens. We know that gender lens investing is not an “all-or-nothing” scenario. There are multiple ways to integrate progressive practices, including ways that are not resource-intensive. This Guide outlines entry points for investors at any point in their gender lens investing journey and provides various options for decisive actions that can be taken at any stage of the investment process.

There is no single prescribed starting point. Investors can customize their approach to getting started and/or to deepen their involvement. The Guide builds on – and contributes to – a rapidly growing body of knowledge shared within the fields of gender lens investing and development, and is intended to spur action and learning. Recognizing that new resources are continually emerging, this Guide delves into the “how” of gender lens investing and is designed to complement the work of our partners and colleagues cited throughout this paper."

"La inversión de impacto es un fenómeno emergente que se ha posicionado dentro de la agenda de la innovación social de los países desarrollados y en vías de desarrollo. Surgió, como concepto, en 2007 cuando la fundación Rockefeller acuña el término impact investing, dando un cambio en la definición de algunos aspectos de la inversión socialmente responsable. Las inversiones de impacto pueden ser definidas como aquellas que: “...intencionalmente se dirigen a resolver problemas sociales o ambientales optimizando el riesgo y el rendimiento financiero, así como el impacto, a través de la medición de resultados de objetivos sociales, ambientales y financieros específicos”. (GSG, 2018).

Uno de los primeros esfuerzos globales que se realizaron fue el Social Impact Investment Task-force (SIIT), un grupo de colaboración internacional creado en 2013 bajo la presidencia del Reino Unido del G8. En 2014. Este grupo, después de una consulta a expertos del gobierno, sector privado y social de los países del G8, Australia y la Comisión Europea, generaron ocho recomendaciones, de alto nivel, mismas que se plasmaron en el reporte “Impact Investment: The Invisible Heart of Markets”, que involucra a todos los actores clave de la inversión de impacto.

Las recomendaciones reflejan las mejores prácticas a nivel global y establecen la agenda para que cualquier país logre un ecosistema de inversión de impacto próspero."