Should we stop eating avocados? No, it can be done differently. Sustainable avocado production methods are possible and sometimes even generating a positive impact.
Green Gold is the name of FAF’s avocado report. The production has boomed over the past decade. The increase has been an engine of economic growth and a source of income for millions of smallholder farmers around the world. The more than ever popular stone fruit is unfortunately often linked to poor environmental and social conditions surrounding the production practices.
That is why the Fairtrade Access Fund (FAF) has partnered with companies in both Latin America and Africa that produce avocados in a sustainable way. These companies succeed, while improving the living conditions of smallholder farmers, in reducing environmental harm, and sometimes even going further by having a positive impact on the environment. How is that possible? You can read all about it in the report: Avocado Report.
One year after Incofin signed the global standard that IFC set for impact management, Ernst & Young confirms in their report Incofin’s alignment to the nine principles.
Incofin committed in May 2020 as signatory to the International Finance Corporation’s (IFC) Operating Principles for Impact Management. The nine principles aim to set a global standard for impact management. Incofin’s investment strategy is for example aligned to the United Nations Sustainable Development Goals (SDGs). This commitment is now endorsed by the auditor’s report of Ernst & Young.
The nine principles we are endorsing:
Define strategic impact objective(s), consistent with the investment strategy
Manage strategic impact on a portfolio basis
Establish the manager’s contribution to the achievement of impact
Assess the expected impact of each investment, based on a systematic approach
Assess, address, monitor and manage potential negative impacts of each investment
Monitor the progress of each investment in achieving impact against expectations and respond appropriately
Conduct exits considering the effect on sustained impact
Review, document, and improve decisions and processes based on the achievement of impact and lessons learned
Publicly disclose alignment with the Principles and provide regular independent verification of the alignment
For the full statement on the IFC Operating Principle :
Impact is the core of Incofin’s existence and operations: positive outcomes to make a tangible difference for entrepreneurs all around the globe in emerging and developing countries. Read about tangible impact results in our newest Impact Report. Curious about the state of affairs on the impact front? Do you want to know on which Sustainable Development Goals Incofin has contributed? Excited to know more about Incofin’s newest initiatives (water, nutrition or Covid-support)?
We are pleased to announce our June Impact Newsletter. This newsletter comes at challenging times for our partners and end clients. Times during which we at Incofin stand side by side with our investees, times in which we are providing adequate support to our clients to maintain, and even expand, our impact.
Incofin is pleased to publish the Incofin Investment Management 2018-2019 Impact Report. We are proud to share with you our many examples of Incofin’s best impact practices and demonstrate how our company is actively pursuing its impact mandate, with the support of our advisors and investors and thanks to our investees working everyday to positively impact the lives of their clients.