Best wishes for New Year. Let’s keep the momentum in ESG and Impact Investing going. I am very optimistic of significant breakthroughs on many fronts, which will ultimately lead to more money flows.
Singapore Bankers Association announced a major leap forward this past year with the guidelines on Responsible Financing. In addition, SGX (Singapore Exchange) announced plans to increase the transparency of governance with sustainability reporting on a “comply or explain” basis”. These initiatives are important and we applaud these actions, as well as all the social entrepreneurs showing that one can achieve a financial return as well as a social and environmental added value.
Impact Investors Meeting
BiD Network’s Women in Business competition
On january 14 the finalists will take part in ‘Bridge the Gap’ and investor meetings will also be organised.
Yellow Star Food Products Ltd (Uganda)
Yellow Star was founded in 1997 and registered in 2014, and produces nutritive cassava flour, soya bean flour for children and adults, soya paste and ground nuts. The company sources all its inputs from contracted women and farmer groups from the North of Uganda. Women are supported and trained in various ways and cooperatives are founded and made bankable. Here is a video to get an impression of Florence Okoth, the founder of Yellow Star
Sustainable Health Enterprises (SHE) (Rwanda)
SHE is a social for-profit entity in Rwanda that produces affordable menstrual pads while at the same time providing health education and advocacy for girls and women. Currently 18% of the women and girls in Rwanda miss out on over 50 days of school or work due to a lack of menstrual pads. SHE uses a US patented production process to transform fibres from banana trees into the “fluff” needed for menstrual pads. From sourcing banana fibers, to factory employment and distribution of the pads mainly women are involved. The price of a pack of 10 pads is Rwf 500, Rwf 100 cheaper that the cheapest benchmark and half the price of imported pads.They are developing a new production line together with Johnson & Johnson, with which they have a partnership agreement. To meet the demand, an investment is necessary to purchase more machines to create an extra 150 pads per day per machine. Please have a look at this video to get an impression of SHE.
Check out this inspiring Israeli company addressing the waste and energy problem