The international development community is accustomed to project implementation taking place in-field by local Non-Governmental Organizations. As such, there are certain norms and expectations which have developed over the decades. With increased investment in blended finance models and grant-based incentives being awarded to private-sector entities, it is important to understand some of the major differences between how commercial entities manage ESG (Environmental, Social, Governance) grants as compared to traditional NGO implementation. In our work through INFRONT and other experiences of the Investment Technical Team, we have seen that there are 3 major areas where commercial entities differ from NGOs in this respect.
"Poquito a Poco: Little by Little" – how blended finance facilitates change for low-income and rural households
As MEDA's flagship blended finance program, INFRONT (Impact Investing in Frontier Markets), is in its final year of implementation, the team is focusing its efforts on dissemination and learning. We recently launched two exciting media and communications products to showcase how the project is having an impact in frontier and emerging markets through a combination of investment and technical assistance. This blog will focus on a short film that was created, that features a portfolio company based on Colombia, Rayco and describe the following aspects of the film initiative: process, partner, and promotion.
Last summer the INFRONT team started working with Twice Upon A Time to produce two short documentary films featuring Rayco and Maureauto Colombia, two companies based in Colombia that received a Sustainability Innovation Grant through the INFRONT project. The goal of these two films is to create awareness, generate empathy and present the business case of sustainability and environment, social, and governance (ESG) practices.