Nordic Impact Funds Ltd
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate change adaptation and resilience
- Gender equity
- Financial inclusion
Environmental Achievements
- Grekkon enabled its clients to improve their yield by 70%
Social Achievements
- Xeno created 43k new investment accounts in 2023
- 100k people are insured thanks to Jamii.Reach in 2023
- 5 companies have increased their client reach of more than 50% since investment
Governance Achievements
- NIF refined its impact measurement and management methodology in 2023, including a proprietary impact scorecard.
Climate Goals & Targets
Medium-term Goals:
- Expand the portfolio across new climate and gender solutions.
Short-term Goals:
- Further formalize impact and sustainability policies and practices to document SFDR Article 9 alignment.
Environmental Challenges
- Unstable and low smallholder farmer income due to inefficient value chains
- Limited growth potential for small food vendors due to high costs and time inefficiencies
- Low insurance penetration rate in Ethiopia leaving at-risk people vulnerable
Mitigation Strategies
- Taimba sources directly from smallholder farmers at farmer-friendly prices and delivers to retailers at lower than market prices.
- Jamii.one makes insurance profitable for the insurance sector by leveraging community-based groups and digital infrastructure.
- ChapChap provides digital financial tools to MSMEs to improve efficiency and purchasing power.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GIIN