Hello from SITAWI! Find out our latest news!
New Release: Summary of 2014 Results
4 program areas, R$6 million invested, 80+ companies analyzed, 20 consultancy, 33 projects benefited and 150 thousand lives impacted!
All this is only possible with your support and partnership. Take a look and tell us what you think!
New social-environmental loan : SITAWI has a new loan client in South of Brazil. Coperjunho is a farming cooperative based in Laranjeiras do Sul, Paraná. The loan will provide more working capital, creating double social-environmental impact: to generate income for the locals and to produce a large part of its products organically. Keep reading.
SITAWI supports the 2nd International EFFAS/Apimec Conference: SITAWI is the official supporter of the 2nd International EFFAS/Apimec Conference. This year the theme is “Can We Evolve to a Sustainable Economy?” We will be sharing our experience on the Integrating ESG panel with an analysis of fixed income securities. The event will take place at BM&FBOVESPA, São Paulo on Oct 6.
SIB in Ceará and Santa Catarina! SITAWI took part in four meetings with leaders from Ceará and Santa Catarina to present the innovative potential of Social Impact Bonds (SIB). Our expertise in consulting and social finance point to a potential structuring role of these operations in Brazil. Besides the meetings, SITAWI and BID were special guests in the FIESC Education Event in Floranópolis. Read more. (portuguese only)
New Record for Good! We are flattered with the massive interest in working with Finance for Good: we received more than 400 CVs for opportunities as consultant and intern in sustainable finance. The selection process has already begun! We are sure that, besides new collaborators, we will meet many excellent people who will become part of our network.
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 email@example.com.
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.
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Rio de Janeiro,
Rio de Janeiro,