Hello from SITAWI! Find out our latest news from the second quarter and priorities for the coming months.
More than 100 thousand people impacted. 20 projects in 15 organizations and social businesses. R$ 3.2 million disbursed to high impact organizations.
2014 continues to be full of good news! We shared more knowledge through articles, studies, and lectures on Finance for Good. Get in touch with us to know how we can work together!
Google Challenge: Winners receive initial direction and orientation from SITAWI
After awarding Brazilian ONGs with 7 million Reais, Google´s Social Impact Challenge will stimulate the success of the entities awarded by the competition. The competition invited Brazilian non-profits to propose high impact projects using technology. SITAWI is going to train and orient the 10 project finalists, working over the next 6 months in conjunction with CRIA (Reference Center on Environmental Information) and with Google professionals.
Now available – our previously unpublished study ranking social and environmental controversies surrounding Brazilian companies
SITAWI´s study of social and environmental controversies is available on our site for download in English and Portuguese. The study analyzes 75 Brazilian companies (in the MSCI Brazil index) focusing on environmental, social, and governance themes (ESG) in 2013, and their relative degrees of severity, ordered from low (minimal negative impact) to severe (large intensity negative impact), and very severe (violations with substantial risk, such as conditions analogous to slave labor).
Recognition
Our director Gustavo Pimentel published the article “Is it possible to give human capital a valuation?” in the April issue of the magazine Ideia Sustentável. Gustavo included in the list of intangibles the quality of human capital and its best practices. In the field of sustainability, there is no lack of hypotheses about the relationship between social and environmental performance and economic success among companies: it is difficult to prove in practice that sustainability reduces costs, opens up new markets, improves access to capital, and attracts and retrains talent. At the same time, SITAWI´s experience analyzing Brazilian companies points to some potential paths towards doing so.
Climate Change, the World Cup, and Real Estate Speculation
The article Climate Change, the World Cup, and Real Estate Speculation by our consultant Fred Seifert was published in the 84th edition of FGV/GVces´ (The Center for Sustainable Studies at Fundação Getulio Vargas) magazine Página 22. On the subject of climate change, the World Cup, and real estate speculation, Seifert discusses the discount rate, its insufficiency at addressing social and environmental questions and the impact of these concepts on the individual´s intertemporal choices and the subsequent opportunity cost on consumer decision-making processes. Read the article, which was published on the portal Mercado Ético.
On the Agenda
- The Executive Director of the Social Finance Task Force in Brazil will count with the support of SITAWI
- SITAWI´s expertise will be exported to Afghanistan: we will support Afghan banks that lend to small business in the development of investment management systems in their incorporation of social and environmental risks.
- SITAWI is a strategic partner of the Ethos Sustainable Business project.
- We will be participating in the September Global Opportunity Panel and Ethos Conference 2014.
In the Media
Jornal Folha de São Paulo
The role of SITAWI in Google´s Social Impact challenge was divulged in Monica Bergamo´s column in the newspaper Folha de São Paulo.
Valor Econômico
The one page report in the newspaper Valor Econômico discusses new evidence about the value that the practice of social and environmental investment management can generate for businesses. SITAWI´s study about controversial social and environmental corporate behaviors was a hit, featuring metrics anticipating which companies will have more problems than others in the future. Investors have monitored corporate behavior to detect future social and environmentally impactful events.
SEBRAE´s Business Marathon
It was recorded on video -- the SEBRAE Business Marathon that took place in Rio de Janeiro in November 2013! The successful initiative involved capacity building for 52 high potential social entrepreneurs. Get to know and share the experiences at the Marathon, which received support from SITAWI in its conceptualization and manifestation.
Happenings
Finance for Good at TEDx Liberdade
TEDx Liberdade took place in April at the Cine Joia in São Paulo and had the objective of showing the power of people who work together for the common good. Our CEO, Leonardo Letelier, was one of the presenters where he told his story of engagement in the Social Sector and pioneering Finance for Good in Brazil.
Finance for Good at Move Rio
In May in Rio de Janeiro, Finance for Good was the theme of the Lecture Series Move Rio. Leonardo presented the campaign of “Give More, Give Better” and explained how SITAWI works.
Sustainable Brands Rio 2014
Leonardo Letelier was a panelist at the Thematic Lecture Reimagine (Driven by the ecosystem of social businesses) and Gustavo Pimentel at the Redesenhe (New metrics for business valuation) of SBRio 14 that had institutional support from SITAWI. Gustavo also participated on the jury of the Innovation Open (a start-up competition of sustainable solutions) and on the advisory board that defined the programming.
EFFAS/Apimec Conference
SITAWI took the study on the importance to stakeholders of social and environmental issues in Brazil to the EFFAS/Apimec conference. Gustavo Pimentel presented and moderated the last panel with investment professionals.
Responsible Investor Conference Europe 2014
At the Responsible Investor Europe 2014 Conference, SITAWI was the only Latin American organization on the panel. Our director, Gustavo Pimentel, participated in the meeting that brought together 450 investment professionals in London, representing large pension funds, insurance companies, asset managers and investment banks. SITAWI presented on the trends in ESG research in emerging markets.
Classes on Social Loans, Fundraising and the Social Sector
Renata Linhares, our Fundraising Manager, and Rob Packer, our Fund and Social Loan manager, lectured at a special course at the Universidade Federal do Rio de Janeiro (UFRJ). They shared their knowledge with the students of the Masters of Business Engineering program on the social responsibility of the social sector and the economics of sustainable investment management.
Classes at ESPM/Yunus
Gustavo Pimentel administered a finance module for a Yunus ESPM Social Business Centre course, the first academic center for Social Businesses in the Southern hemisphere. The core purpose is to stimulate reflection on business models and the relationship between the developing social and economic sectors.
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