By Leonardo Letelier | CEO
Ten years ago, SITAWI was born. No one was talking about "Impact Investing" or "Finance for Good," but that was - and still is - our reason for existing. We were three people, a single "product" (but not a single “Real” in the organization's account), a diversity of causes to impact, and many social organizations and impact businesses to support.
Today the term Impact Investment is part of the traditional financial market dialogue. We are now 34 people, with a spectrum of ways to operate philanthropic capital and make financial capital more responsible. We mobilized more than R$ 14 million with a high multiplication factor - each R$ 1 consumed internally in our operations allowed us to allocate R$ 5.30 in impact - through the support of more than 100 individuals and companies, most of which we have been working with for several years.
And the numbers go further. Our philanthropic and social and environmental revolving funds have supported more than 50 organizations, reaching more than 250,000 people in all regions of the country. With our support, billions of Reais have added a lens of environmental, social and governance (ESG) to more responsible and sustainable investment opportunities.
During the same period, the social and environmental challenges did not diminish; in fact, they became more complex and require greater coordination and multidisciplinarity in their solutions: thus, in addition to loans, our operations started to incorporate investments, guarantees, crowdlending, philanthropic and social and environmental revolving funds, social impact bonds, ESG analysis of companies and assets, social and environmental risk assessment, green bonds valuation ... and the list should continue growing. This diversification of solutions has a single purpose: to mobilize even more capital for positive social and environmental impact, and thus fulfill our mission.
I want to make two invitations to you: join us in celebrating our achievements, since you have been an integral part of them - from the beyondBanking award (IDB, 2011); the recognition as the 8th most influential social organization in Latin America (TOP500 ONGs, 2017); and as one of the Top 100 NGOs in Brazil (Época / Doar Institute, 2017); to the recognition of our Sustainable Finance program as one of the 10 best in social and environmental research for investors in the world (IRRI, 2017). And since we are nothing without a community, nor would we go very far, please come closer to our work, whether as a supporter or a partner.
I want to thank you for all your support and ask for you to be a donor in our new campaign: "Transforming the Social Finance sector in Brazil".
We look that our joint achievements over the next 10 years will be greater and more relevant than the first 10.
Thank you!
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