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IMPACT INVESTING PARTNERSHIP INITIATIVE (IIPI)
INTEGRATING IMPACT INVESTING INTO DEVELOPMENT GOALS TO BRIDGE THE FUNDING GAP AND ACHIEVING SUSTAINABLE DEVELOPMENT SOLUTIONS
SPES Development Corporation (SDC) is committed to impact investing and forming public-private partnership addressing the growing need for funds to support social and economic enterprises.
In a period of financial constraints, leveraging private-sector financial resources and expertise to perform a range of impact investment projects has increasing demand. However, these public-private partnerships are often complex undertakings that vary considerably depending on the project and place. Many emerging low-income communities lack the technical capacity and expertise to consider such deals and fully protect the public interest. To address this problem, SDC has created a specialized program —called Impact Investment Partnership Initiative (IIPI) to fulfill different functions such as managing transformation and change, identifying impact investment opportunities, forming public-private partnerships, creating syndications, project management, quality control, policy formulation, and technical advice.
What is Impact Investing?
At SDC, we refer impact investing as a profit-generating strategy that directs investor funds into sustainable ventures with the purpose of producing a positive social or environmental impact while generating financial profit. It is a systematic plan that moves towards creating a new economy for underserved communities – an impact economy. Within this framework, investors are considered the main driving force behind the initiative to achieve the desired sustainable community transformation and prosperity. Impact investing is emerging as an alternative asset class, propelling investors to assess the nature of their portfolios and consider the idea of intersecting wealth and its meaningful power to effect positive and sustainable change in society.
Who are impact investors?
Impact investors comprise of mission-driven financiers or corporations concerned with improving the quality of life and therefore invest their capital directly in sustainable enterprises in exchange for a financial return. Impact investors include endowments, high net worth individuals, foundations, pension funds, institutional investors, retail investors and other financiers that invest directly in impact investment funds and instruments.
Impact Investing Principles
There are core characteristics of impact investing and specific criteria to consider when assessing an investor’s qualification for an equity impact portfolio:
• The investor must have an explicit commitment to finance sustainable ventures that have a positive social, civic or environmental benefit and those that contribute to the general well-being of the community, especially the underserved groups
• The investor funds are geared at financing innovative and sustainable initiatives and enterprises in sectors such as sustainable agriculture, affordable housing, healthcare, energy, clean technology, and financial services for low-income individuals and families, small and disadvantaged enterprises and underserved communities in general.
• The impact investment activity must offer a persuasive investment opportunity and generate compelling returns for investors. The purpose of investor participation is to achieve a competitive return on investment while making a sustainable impact on society and the environment.
• Investor are required to measure and report the social and environmental performance and progress of underlying investments, ensuring transparency and accountability while informing the practice of impact investing and building the field.
RESILIENCY, SUSTAINABLE REDEVELOPMENT AND COMMUNITY TRANSFORMATION PLATFORM (RESURECT)
LEADING A COLLABORATIVE PATH TOWARDS BUILDING COMMUNITY RESILIENCY AND SUSTAINABILITY
SPES Development Corporation is determined to work closely with emerging low-income communities propelling them to reassess their development strategies and steer them into a more sustainable direction, by fundamentally transforming the way they think about, and do, development.
The Resilience, Sustainable Redevelopment and Community Transformation (RESURECT) Platform is a comprehensive and systematic approach that aims to empower emerging and developing low-income communities to build a collaborative pathway towards resiliency and sustainable transformation. The RESURECT Platform facilitates cross-sectoral interaction using holistic and integrated approaches to enhance economic, social, ecological and cultural well-being of underserved communities.
The economy is changing and many emerging and low-income communities are facing resources constraints and sustainability challenges. As they move through the phases of revitalization they encounter road blocks where progress slows down or stalls. Some cannot generate the financial commitments necessary to reach their development goals, and others do not seem to be able to set a common agenda to unite forces within the community. Regardless of their struggles, they remain pressured by today’s accelerated economy and competition to gather momentum and advance rapidly.
The experience and foresight of the established systems are insufficient to cope with the prevailing development challenges. There is a need for radical, large-scale and integrated changes, which surpasses traditional bureaucratic approaches. People living in underserved communities are despondent and tired of failed promises and incremental changes. They are demanding invigorating leadership that can effect radical transformation—the kind of progress that is sustainable and leads to prosperity.
For emerging low-income communities to intensify economic growth they must work collectively and swiftly towards building community resiliency. Community resilience is the existence, development, and engagement of community resources by members to prosper in an environment characterized by change, uncertainty, unpredictability, and surprise. Building resiliency requires strong alliances and broad participation to take concrete steps in shaping a pathway towards minimizing threats and achieving sustainable transformation. A transformation that leads to a fundamental altering of mindset, which purposely creates radical and innovative long-term changes, necessary to move towards a sustainable future. Falling short of incorporating both a resilient and sustainable transformation approach in the overall strategy will trap the local economy, impacting resources and opportunities, and triggering a cumulative downward spiral. As result, the state of the local economy remains stagnant or worsens prompting more blight, crime and community degradation.
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