Exciting insights from the recent webinar on “Investing in Sustainability: A Look at Green Microfinance Programs in Developing Economies” we had on 23rd May, 2023. Impact investors are actively supporting microfinance institutions in the Global South, helping them protect the environment and enhance climate resilience.
Green microfinance aims to reduce environmental impact and manage risks within institutions serving low-income populations. During the webinar, moderated by Michael Hoffmann, Finance in MotionJordan Pace, and BlueOrchard Finance LtdYann Groeger Gregor showcased their efforts, and Natalia Realpe Carrillo from HEDERA – DIGITAL SOLUTIONS FOR SUSTAINABLE DEVELOPMENT shared valuable insights on Green Microfinance.
BlueOrchard focuses on reducing climate footprints, assessing portfolio risks, and providing green lending options. Their projects include solar systems, sanitation, water infrastructure, and energy efficiency measures.
Finance in Motion manages funds with a strong environmental and social impact focus. They collaborate with microfinance institution partners to address diverse environmental challenges, such as agriculture biodiversity and sustainable crop production.
1. Step-by-step integration, encompassing strategy, risk management, and product development, can significantly reduce vulnerability for clients and institutions alike.
2. Technical assistance plays a pivotal role in building capacities and preparing institutions for green investments, enabling them to provide relevant products and services.
3. Integrating climate finance can be challenging, but institutions are developing compelling business cases and meeting client demands!
Last but not least:
- Stay tune to the upcoming digital green map: the @European Microfinance Platform is developing a global ‘Green_Map of experiences to enhance climate resilience from microfinance institutions.