Hello from SITAWI! Find out our latest news!
In May, SITAWI celebrated the 7th anniversary of Finance for Good! Thanks for being part of our journey! =)
New board member:: Franklin Feder, independent adviser and former CEO of Alcoa Latin America & Caribbean, joined SITAWI’sboard this month. Frank is from the US and has already served as a consultant, corporate vice-president and finance director. Currently he is a member of the advisory boards of five social organizations, including his new position with SITAWI Finance for Good. Welcome Frank!
Business opportunities and the environment:: SITAWI showed its knowledge and expertise on the market for green bonds on 7th May in Brasilia to an audience of environmental experts and banking professionals. Green bonds are used by companies and financial to finance green activities. To find out more about SITAWI’s work on Green Bonds, get in touch with firstname.lastname@example.org.
Article on Investment & Pensions Europe:: The website Investment & Pensions Europe published an article co-authored by Gustavo Pimentel, director of Sustainable Finance, and Raj Thamontheram, CEO of Preventable Surprises. The article look at how long-term investments can be part of the solution for the Brazilian crisis. Read the full article at http://bit.ly/1dQnXFd.
Our Annual Dinner was a Success! The Annual Dinner for SITAWI Supporters, which took place on May 20th, counted with the participation of Armínio Fraga, supporter since 2011. The speakers’ main themes were the country’s economic challenges and the role of social finance. The guests had a chance to get to know the work of the organization better, besides connecting with other partners and supporters, encouraging Good Networking.
$55 Billion in responsible assets:: this is how much Brazilian pension funds that have reached na intermediate or advanced level at incorporating social and environmental aspects have invested in equities. The data are a result of research presented by SITAWI at the ESG Alpha Event. Worldwide responsible investments now represent more than $21 trillion in investments.
Improving communications:: To become responsible investments, companies need to learn to communicate not only their financial results, but also to integrate their performance and social-environmental credentials. Last month, SITAWI trained more than 15 companies in “GT Empresas Pioneiras de Relato Integrado” to construct concise presentations for institutional investors.
Hello from SITAWI! Find out our latest news from last quarter!
CIES Project in São Paulo, Brazil
SITAWI opens its first Thematic Social Fund
SITAWI and YOPO have developed new ideas for the "FEM-Innovation Social Fund: Women for ICT with Social Impact"! The Fund aims to raise R$ 1.5 million to support startups that will focus on redefining technology and communications from a woman’s perspective. Click here to find out more : http://bit.ly/fundtic
Social Impact Bonds in Brazil!
SITAWI will launch the Social Impact Bond Lab in Brazil to promote conversations and communicate advances of this new concept in the country. SIB lab is a partnership between SITAWI and the Inter-American Development Bank and Social Finance UK. More soon!
New Socio-environmental Loan for CIES
CIES (Integration Center of Education and Health) aims to increase access to technical medical examinations for low-income and vulnerable communities in São Paulo, Brazil. With this new loan, CIES expects to serve 390,000 patients and train 19,500 nurses per year.
Free tool to renewable energy
SITAWI has developed a free tool which allows energy consumers from any state in Brazil to test the economic viability of installing photovoltaic solar panels into their properties. The simulator is part of the project “Sustainable Business: Transforming Ideas into Innovative Models” from the Ethos Institute and is available on Ethos’ website. Click here to read full article (Portuguese only):http://bit.ly/simuladorsolar
After the launch of the Guide to Social and Environmental Responsibility, SITAWI will conduct training for ten development agencies in Brasilia, at the end of February. And the expertise of our Sustainable Finance team is turning into an export product! After Brasilia, SITAWI will head to the Caribbean island of Barbados to support banks in developing social and environmental responsibility policies and risk management.
Latest stops: Tajikistan and Afghanistan
In early January, SITAWI concluded its environmental risk advisory in Afghanistan that trained more than 100 credit professionals and executives of three Afghan banks. The project was so successful that it was extended to four more banks in neighboring Tajikistan.
BMW opens a social fund
To kick-start its activities in Brazil, BMW Foundation has opened a social fund with SITAWI, with an aim to promote cross-sector dialogues that will foster social innovation for the good of society. This deepens the relationship between the two organizations, in addition to SITAWI’s CEO, Leonardo Letelier, being a member of BMW Foundation’s worldwide network of Responsible Leaders.
First Brazilian Forum on Green Bonds
On 4 December, SITAWI organized the First Brazilian Forum on Green Bonds in partnership with Santander. In 2014, there were US$40 billion in green bonds were issued globally and with this promising market outlook, Gustavo Pimentel, director of SITAWI, said that “now, we will put Brazil at the global vanguard”. See article in Valor Econômico (Portuguese only).
Cop 20: energy efficiency in Brazil
Last month (9 December), the Cop 20 in Lima saw the launch of a study on barriers to financing energy efficiency in Brazil, produced for the Brazilian Business Council of Sustainable Development (CEBDS) by SITAWI’s Research and Advisory team. Check out the study here.
Brazil Crowdfunding Challenge: we have a winner!
We now have a winner in the Brazil Crowdfunding Challenge, promoted by SITAWI as part of its Give More Give Better campaign! Acãochego competed for R$50,000 that will support an online fundraising campaign to raise R$500,000. And now, the winner will be backed with advice and support from three online donation platforms, and partners of the Challenge: Doare, Juntos.com.vc and Benfeitoria.
Social connection India-Brazil
After three months volunteering at a school in rural India, the New-York-based artist, Jennifer Lin, decided to continue her journey to Brazil, where she learnt about SITAWI. She has kindly given SITAWI a number of photo portraits that she took in India. We will be giving them away to the first three people to donate R$200 a month in 2015. Want to become part of the Network for Good or, who knows, refer a friend? Get in touch!
Instituto Peabiru and EcoService are the latest beneficiaries of SITAWI’s Socio-Environmental Loan.
"Instituto Peabiru works in rural and forest communities in Eastern Amazonia to support their sustainable development. Ecoservice sells systems for solar heating and reusing rainwater to reduce the environmental impact of construction, making it more sustainable. These two loans are first for SITAWI, and we are excited to expand our focus into local sustainable development and environmental businesses, " said Rob Packer, Fund Manager at SITAWI.
Hello from SITAWI! Find out our latest news from the second quarter and priorities for the coming months.
More than 100 thousand people impacted. 20 projects in 15 organizations and social businesses. R$ 3.2 million disbursed to high impact organizations.
2014 continues to be full of good news! We shared more knowledge through articles, studies, and lectures on Finance for Good. Get in touch with us to know how we can work together!
Google Challenge: Winners receive initial direction and orientation from SITAWI
After awarding Brazilian ONGs with 7 million Reais, Google´s Social Impact Challenge will stimulate the success of the entities awarded by the competition. The competition invited Brazilian non-profits to propose high impact projects using technology. SITAWI is going to train and orient the 10 project finalists, working over the next 6 months in conjunction with CRIA (Reference Center on Environmental Information) and with Google professionals.
Now available – our previously unpublished study ranking social and environmental controversies surrounding Brazilian companies
SITAWI´s study of social and environmental controversies is available on our site for download in English and Portuguese. The study analyzes 75 Brazilian companies (in the MSCI Brazil index) focusing on environmental, social, and governance themes (ESG) in 2013, and their relative degrees of severity, ordered from low (minimal negative impact) to severe (large intensity negative impact), and very severe (violations with substantial risk, such as conditions analogous to slave labor).
Our director Gustavo Pimentel published the article “Is it possible to give human capital a valuation?” in the April issue of the magazine Ideia Sustentável. Gustavo included in the list of intangibles the quality of human capital and its best practices. In the field of sustainability, there is no lack of hypotheses about the relationship between social and environmental performance and economic success among companies: it is difficult to prove in practice that sustainability reduces costs, opens up new markets, improves access to capital, and attracts and retrains talent. At the same time, SITAWI´s experience analyzing Brazilian companies points to some potential paths towards doing so.
Climate Change, the World Cup, and Real Estate Speculation
The article Climate Change, the World Cup, and Real Estate Speculation by our consultant Fred Seifert was published in the 84th edition of FGV/GVces´ (The Center for Sustainable Studies at Fundação Getulio Vargas) magazine Página 22. On the subject of climate change, the World Cup, and real estate speculation, Seifert discusses the discount rate, its insufficiency at addressing social and environmental questions and the impact of these concepts on the individual´s intertemporal choices and the subsequent opportunity cost on consumer decision-making processes. Read the article, which was published on the portal Mercado Ético.
On the Agenda
In the Media
Jornal Folha de São Paulo
The role of SITAWI in Google´s Social Impact challenge was divulged in Monica Bergamo´s column in the newspaper Folha de São Paulo.
The one page report in the newspaper Valor Econômico discusses new evidence about the value that the practice of social and environmental investment management can generate for businesses. SITAWI´s study about controversial social and environmental corporate behaviors was a hit, featuring metrics anticipating which companies will have more problems than others in the future. Investors have monitored corporate behavior to detect future social and environmentally impactful events.
SEBRAE´s Business Marathon
It was recorded on video -- the SEBRAE Business Marathon that took place in Rio de Janeiro in November 2013! The successful initiative involved capacity building for 52 high potential social entrepreneurs. Get to know and share the experiences at the Marathon, which received support from SITAWI in its conceptualization and manifestation.
Finance for Good at TEDx Liberdade
TEDx Liberdade took place in April at the Cine Joia in São Paulo and had the objective of showing the power of people who work together for the common good. Our CEO, Leonardo Letelier, was one of the presenters where he told his story of engagement in the Social Sector and pioneering Finance for Good in Brazil.
Finance for Good at Move Rio
In May in Rio de Janeiro, Finance for Good was the theme of the Lecture Series Move Rio. Leonardo presented the campaign of “Give More, Give Better” and explained how SITAWI works.
Sustainable Brands Rio 2014
Leonardo Letelier was a panelist at the Thematic Lecture Reimagine (Driven by the ecosystem of social businesses) and Gustavo Pimentel at the Redesenhe (New metrics for business valuation) of SBRio 14 that had institutional support from SITAWI. Gustavo also participated on the jury of the Innovation Open (a start-up competition of sustainable solutions) and on the advisory board that defined the programming.
SITAWI took the study on the importance to stakeholders of social and environmental issues in Brazil to the EFFAS/Apimec conference. Gustavo Pimentel presented and moderated the last panel with investment professionals.
Responsible Investor Conference Europe 2014
At the Responsible Investor Europe 2014 Conference, SITAWI was the only Latin American organization on the panel. Our director, Gustavo Pimentel, participated in the meeting that brought together 450 investment professionals in London, representing large pension funds, insurance companies, asset managers and investment banks. SITAWI presented on the trends in ESG research in emerging markets.
Classes on Social Loans, Fundraising and the Social Sector
Renata Linhares, our Fundraising Manager, and Rob Packer, our Fund and Social Loan manager, lectured at a special course at the Universidade Federal do Rio de Janeiro (UFRJ). They shared their knowledge with the students of the Masters of Business Engineering program on the social responsibility of the social sector and the economics of sustainable investment management.
Classes at ESPM/Yunus
Gustavo Pimentel administered a finance module for a Yunus ESPM Social Business Centre course, the first academic center for Social Businesses in the Southern hemisphere. The core purpose is to stimulate reflection on business models and the relationship between the developing social and economic sectors.
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