Climate Change Data

Environmental Metrics

ESG Focus Areas

• Gender Equality
• Governance
• Formalization
• Environment

Environmental Achievements

• 22% of investees have initiatives to reduce negative impact on local ecosystems (waste management, soil resilience, biodiversity protection, etc.)
• Agroserv's maize processing replaces imported wheat, purchasing 2,322 tons of maize from local producers.
• APEM PAIQ's solar credit reduces pollution from fossil fuels.
• Moringa Wave's local sourcing reduces environmental pressure.
• Cogelec Energy's increased electrical lines reduce reliance on firewood.
• Rose Eclat's efforts to reduce greenhouse gas emissions and energy costs.

Social Achievements

• 770 permanent jobs maintained or created, with 142 new jobs; 78% of permanent jobs formalized.
• Average minimum wage 76% higher than legal minimum wage.
• 78% of employees covered by public social security; 40% by private health insurance.
• 76% of partner companies offer essential products/services addressing SDGs.
• 11,628 tons of agricultural products purchased from local producers.
• 27,428 students trained in education-focused investees.

Governance Achievements

• Implementation of shared governance in investees (boards or strategic committees).
• Upgrading of accounting and reporting practices in investees.
• Enforcement of anti-bribery and anti-corruption policies.
• Strong ESG/impact governance at IPDEV 2 and African fund levels.
• Training sessions on ESG/impact for fund teams and investees.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic's impact on business activity, causing revenue loss, decreased net income, and job losses.
• Lengthening of due diligence deadlines and changes in the investment process.
• Slowdown in new equity investments due to focus on portfolio support.
• Some companies (approx. 25%) still suffering from the crisis.
• Slow progress in formalization, particularly employee formalization.

Mitigation Strategies

• Emergency funding and job preservation through zero-interest loans.
• Crisis management and support to help SMEs pivot and maintain sales.
• Hands-on strategic and operational support to entrepreneurs.
• Continued funding of new SMEs through seed investments.
• Inclusion of formalization commitments in shareholder agreements.
• Making disbursements contingent on progress in formalization.
• Providing training and technical assistance for formalization.

Supply Chain Management

Responsible Procurement

• Supporting local suppliers and distributors.
• Implementing programs to support small-scale suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IRIS

UN Sustainable Development Goals

• SDG 1
• SDG 2
• SDG 3
• SDG 4
• SDG 5
• SDG 6
• SDG 7
• SDG 8
• SDG 15
• SDG 17

Investees' products and services contribute to various SDGs.

Environmental Metrics

ESG Focus Areas

• Gender Equality
• Governance
• Formalization
• Environment

Environmental Achievements

• 35% of investees have implemented initiatives to reduce negative environmental impact (e.g., renewable energy, waste management).

Social Achievements

• Launched a cohort of 100% female entrepreneurs in Niger, focusing on training, mentoring, and coaching.
• 1438 permanent jobs created or maintained, 460 created since inception; 42% are women.
• More than 7,700 family members supported by employees.

Governance Achievements

• Implementation of shared governance with investees, improving reporting practices.
• 81% of companies held at least one board meeting during the year.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the Russia-Ukraine conflict and poor harvests caused by drought.
• Political and security crises in Mali and Burkina Faso.
• High energy bills and inflation.
• Slow job formalization in some SMEs.

Mitigation Strategies

• Increased support to investees to help them cope with challenges.
• Focus on local sourcing and production.
• Strengthening the ecosystem with technical and financial support for MFIs and financial intermediaries.

Supply Chain Management

Responsible Procurement

• 81% of suppliers are local.

Climate-Related Risks & Opportunities

Physical Risks

• Droughts and floods

Reporting Standards

Frameworks Used: IFC Performance Standards

Certifications: B-Corp™

UN Sustainable Development Goals

• SDG 1
• SDG 3
• SDG 5
• SDG 7
• SDG 8
• SDG 15
• SDG 17

Investees' products and services address various SDGs.

Environmental Metrics

ESG Focus Areas

• Entrepreneurship
• Jobs
• Access to essential goods and services
• Local economic fabrics
• Environmental sustainability
• Social impact
• Governance

Environmental Achievements

• 27% of partner companies using renewable energy after IPAE investment
• Implementation of energy efficiency projects in several companies (e.g., Ultramaille's hybrid solar system, Eden Tree's solar PV system)
• 12% of companies have set up a waste reduction or offset management system

Social Achievements

• 81% direct employment growth since IPAE's investment, totaling 6,246 jobs
• 41% of company staff are women
• 61% of companies provide private health insurance
• Almost two-thirds of partner companies have formal human resources management structures

Governance Achievements

• 45% of boards include at least one independent director
• Requirement of audited accounts for all partner companies
• Implementation of anti-bribery and anti-corruption policies

Climate Goals & Targets

Environmental Challenges

• Significant macroeconomic challenges in Africa (high public debt, volatile exchange rates)
• Geopolitical fragmentation and security tensions impacting economic stability
• Health crisis impacting divestment strategies and fund IRR
• Access to finance for SMEs
• Lack of skilled labor
• Waste and effluent management issues for 60% of partner companies
• Road safety risks for companies with frequent travel to rural areas

Mitigation Strategies

• Providing long-term equity and quasi-equity finance to SMEs
• Deploying technical assistance resources for skills transfer and training
• Implementing ESG action plans to manage and mitigate ESG risks
• Promoting energy efficiency and renewable energy
• Implementing health and safety policies and training programs
• Supporting formalization processes for partially informal companies
• Strengthening the measurement and monitoring of carbon emissions

Supply Chain Management

Responsible Procurement

• 96% of suppliers in the Agricultural sector are local

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFC Performance Standards, IRIS metrics, UN Sustainable Development Goals (SDGs)

Certifications: ISO 9001 (Nest For All), MSC (PDS), BRC Food Certificate (Barajii), Global Organic Textile Standard (Ultramaille)

UN Sustainable Development Goals

• SDG 1
• SDG 3
• SDG 4
• SDG 5
• SDG 6
• SDG 7
• SDG 8
• SDG 13
• SDG 17

Partner companies contribute to these goals through job creation, access to essential goods and services, and environmental sustainability initiatives.

Sustainable Products & Innovation

• Energy-efficient cooling and AC systems (Conergies)
• Energy and Water-efficient irrigation systems (Delta Irrigation)
• Clay bricks with high insulating properties (Sofamac)