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Impact Footprint

Impact Footprint 2024

 
people supported (Total number of borrowers served by FIs in the portfolio multiplied by average household size in each country)
as of June 2024

Empowering people, protecting the planet

Impact measurement has become increasingly important in recent years as investors and companies seek to understand and communicate the social and environmental impacts of their investments and operations. By measuring impact, investors and companies can identify areas for improvement, track progress over time, and demonstrate their commitment to sustainability and impact.

At BlueOrchard, we have been at the forefront of impact management for over two decades, and we are constantly incorporating lessons learned into our impact management framework, B.ImpactTM. As part of our commitment to transparency, responsible practices, and comprehensive disclosure, in 2019 BlueOrchard was among the founding signatories to the Impact Principles. A key cornerstone of the Impact Principles is principle 9, which requires a regular external independent verification of the impact practice of the signatories. BlueOrchard engaged BlueMark, an independent provider of impact verification services in the impact investing market, for the third time to undertake an independent verification of the alignment of BlueOrchard’s impact management and measurement system with the Impact Principles. In February 2024, BlueOrchard finalised its latest independent verification and achieved the highest rating across all categories, securing a position on BlueMark’s 2024 Practice Leaderboard. The results of this verification reflect the integrity and quality of BlueOrchard’s impact management framework, its rigorous implementation, and its tested monitoring and reporting.

At BlueOrchard, we are pleased to have increased our outreach even further during these times, and we remain committed to delivering true impact to our clients. We thank you for your continued support and trust in BlueOrchard.

Our impact themes

Global inequality. Climate change. These are two of the world’s toughest challenges. They need solutions that are effective, targeted, and linked – because we cannot fix either one without tackling the other. That is why our impact investing addresses both at the same time.

Inclusion

Including
the Excluded

Across the world and, particularly, in emerging and frontier markets, individuals excluded from financial services are among the poorest of the population. BlueOrchard’s support for a sound, sustainable, and inclusive financial sector is thus crucial to reach the underserved, thanks to investments that support job creation, female empowerment, and reduction of inequalities.

Figures as of June 2024; Source: BlueOrchard

0
end clients financed
Total number of borrowers served by FIs Attribution to BlueOrchard*: 2,237,612

0%
female clients
Percentage of borrowers served
by FIs that are female
0%
rural clients
Percentage of borrowers served
by FIs that live in rural areas
*Estimated as the proportion of BlueOrchard-managed fund investments into a portfolio company relative to their GLP
0
micro, small, and medium-sized enterprises (MSMEs) reached Total number of borrowers that received a loan for business purposes <250,000 USD Attribution to BlueOrchard: 1,823,000
0
jobs created/maintained by MSMEs
Total number of borrowers who received a loan for business purposes <250,000 USD
multiplied by average number of employees for micro-, small-, and medium-sized
companies relative to loan size (IFC definition).
Attribution to BlueOrchard: 8,050,311
USD 0
median loan size
Median loan size across all borrowers
0%
local currency loans
Percentage of outstanding loans that were provided to FIs in local currency

Education

Education is key for a self-determined life and a prosperous and inclusive society. By financing loans to students, learners, and education providers in Africa, BlueOrchard fosters affordable and quality education.

0
students, learners & education providers reached
Borrowers who received a loan for education purposes from FIs financed by REFFA
Figures as of June 2024;
Source: BlueOrchard

Climate

Climate Action

Developing countries are the most vulnerable to the consequences of climate change and have the fewest resources to cope with them. With its investments in climate change adaptation and mitigation, BlueOrchard aims at strengthening the resilience of vulnerable households and MSMEs to extreme weather events, as well as financing a sustainable and low-carbon future.

Figures as of June 2024; Source: BlueOrchard

0
climate insurance beneficiaries Total number of new climate insurance policy holders
compared to baseline. Multiplied by average household
size or business size in each country
$ 0
AUM* of bonds portfolio - planet
AUM of bonds portfolio as of 30 June 2024 with
a primary focus on environmental impact themes.
*Assets under management
0
planet-focused issuers
Number of issuers in bonds portfolio with a
primary focus on environmental impact themes
Figures as of June 2024; Source: BlueOrchard

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Our global reach

Since our inception, we have invested in over 77 countries in Africa, Latin America, Central and Eastern Europe, and Asia through our private debt portfolio.*

Through our bonds portfolio, we have invested in over 55 countries (as of June 2024).

We invest in institutions that share our values and that consider positive social and environmental impact essential to their mission.

0bn
USD
disbursed since inception
Amount disbursed with private assets funds since inception in USD
0m
USD
AUM of bonds portfolio
AUM of bonds portfolio as of 30 June 2024
*The last loan in Russia matured in May 2016. Since then, BlueOrchard has strictly avoided exposure in Russia on account to country risks.

Impact of BlueOrchard’s funds

We are a leading global impact investment manager, connecting millions of entrepreneurs in emerging and frontier markets with investors. Our aim is to make impact investment solutions accessible to all, advancing the conscious use of capital. BlueOrchard-managed funds generate a positive impact on society and/or the planet, consistently measured across all our offering.

Leveraging and building a flourishing network

Being a global company with a local presence, BlueOrchard has for more than 20 years established and maintained a strong network of institutions which is fundamental to deliver on the company’s multiple impact goals.

Private assets portfolio figures since inception; Public assets portfolio figures as of June 2024; Source: BlueOrchard

0
institutions financed since inception (private assets portfolio)
Number of institutions financed with private assets funds since inception
0
institutions financed (current bond portfolio)
Number of companies financed with public assets funds as of 30 June 2024
0
technical assistance projects implemented since inception
Number of technical assistance projects implemented since inception across all funds

Partners and Network

We are a trusted partner of major development institutions as well as other key players, and we actively promote industry best practices through leading initiatives.*

*Logos are the property of their respective entities.

BlueOrchard contributes to
16 out of the 17 SDGs

Impact Investment is a growing asset class to solve today’s most difficult
ecological and societal challenges and contribute to achieving the UN SDGs.
SDG 1
No Poverty

Access to financial services (including microfinance) is considered an enabler to end poverty. We include the number of poor and vulnerable that have been given access to microfinance and related financial product and services in less developed countries.

54'456'699 end clients financed (Total numbers of borrowers served by FIs) | 88 emerging and frontier countries (Number of countries invested in that are classified as emerging and frontier countries. Includes investments in private assets since inception and public assets portfolio as of June 2024)
SDG 2
Zero Hunger

Access to financial services to small-scale food producers is considered an enabler to achieve food security and promote sustainable agriculture. We include the number of small-scale farmers that have been given access to financial services in less developed and frontier markets.

19'281'743 smallholder farmers supported (Number of microborrowers who received an agriculture loan)
SDG 3
Good Health and Well-Being

Access to financial and related products and services tailored to affordable healthcare is instrumental to improve universal health coverage. We contribute to SDG 3 by funding institutions with an earmarked healthcare portfolio addressing the needs of the poor and vulnerable in emerging and frontier markets.

SDG 4
Quality Education

We invest in institutions that offer education financial services to low income households in less developed and frontier markets. We measure contribution by i) the number of beneficiaries that receive MSME loans for primary, secondary and tertiary education, ii) the number of loans to affordable private education providers in Africa, and iii) the number of Technical Assistance projects funded.

USD 188 million education portfolio financed (Total education portfolio financed by REFFA investees) | 175'106 students, learners & education providers reached (Borrowers who received a loan for education purposes from FIs financed by REFFA)
SDG 5
Gender Equality

Financial inclusion provides women with greater economic empowerment. We measure the number of women that receive MSME financial services and the number of investees that offer tailored MSME financial services to women.

35'371'804 women-led MSMEs reached by FIs (Number of female borrowers who receive a loan for business purposes <250,000 USD)
SDG 6
Clean Water and Sanitation

Providing access to clean water and sanitation services is a basic human right and is key for people’s health in emerging and frontier markets. We contribute to SDG 6 by targeting organisations that improve access to drinking water or install waste water treatment plants.

SDG 7
Affordable and Clean Energy

Access to energy, while taking care of the environment, is crucial for sustainable development. We target organisations that advance solar or wind energy with a focus on emerging markets.

USD 191 million invested in renewable energy industry (Outstanding amount invested in bonds with primary impact theme of renewable energy and energy efficiency)
SDG 8
Decent Work and Economic Growth

Access to financial services (including microfinance) is considered an enabler to promote growth of MSMEs and job creation. We measure the number of MSMEs that have access to loans and estimate the number of indirect jobs supported by MSMEs.

181'240'341 jobs created/maintained by MSMEs (Total number of borrowers who received a loan for business purposes <250,000 USD multiplied by average number of employees for micro-, small-, and medium-sized companies relative to loan size - IFC definition)
SDG 9
Industry, Innovation and Infrastructure

We invest in the establishment and improvement of data infrastructure, such as new or improved communication connections, which are important to create an enabling environment for economic and social development.

13'205'555 people with improved and new access to communication networks (Total number of people who benefit from improved and new access to communication networks through telecommunication sites financed as of 30 June 2024)
SDG 10
Reduced Inequalities

A well-balanced society is essential for sustainable development. We operate in frontier and emerging markets with a focus on ODA countries. Our investees focus to support inclusive businesses and entrepreneurship as part of their business models in LDC**, low, and middle income countries.
*Official development assistance; **Least developed countries

59 ODA recipient countries (Number of countries invested in that are classified as ODA recipient countries. Includes investments in private assets since inception and public assets portfolio as of June 2024) | 15 least developed countries (Number of countries invested in that are classified as least developed countries. Includes investments in private assets since inception and public assets portfolio as of June 2024)
SDG 11
Sustainable Cities and Communities

Cities are centre of human life and economic development. We target investees that focus on loans for affordable housing projects. We measure the number of affordable housing loans beneficiaries.

984'864 affordable housing loans beneficiaries (Number of borrowers who received a loan <15,000 USD for mortgage/housing)
SDG 12
Responsible Consumption and Production

Meeting the world’s increasing demand for food and consumption goods while respecting the environment during the production process is a challenge yet to be solved. We contribute to SDG 12 by investing in waste management and recycling and basic infrastructure.

SDG 13
Climate Action

We target investees that contribute to the adaptation to climate change by improving access to and the use of insurance in developing countries. The aim is to reduce the vulnerability of micro, small and medium enterprises (MSME) as well as low-income households to extreme weather events. We measure the poor and vulnerable beneficiaries that have received climate insurance.

77'435'553 climate insurance beneficiaries (Total number of new climate insurance policy holders compared to baseline. Multiplied by average household size or business size in each country)
SDG 14
Life Below Water

BlueOrchard is deeply committed to contributing to the achievement of the SDGs. With our investments, we address 16 out of the 17 SDGs. Read here how we make a positive contribution to each of these goals.

SDG 15
Life on Land

BlueOrchard is deeply committed to contributing to the achievement of the SDGs. With our investments, we address 16 out of the 17 SDGs. Read here how we make a positive contribution to each of these goals.

SDG 16
Peace, Justice and Strong Institutions

BlueOrchard is deeply committed to contributing to the achievement of the SDGs. With our investments, we address 16 out of the 17 SDGs. Read here how we make a positive contribution to each of these goals.

SDG 17
Partnerships for the Goals

Mobilisation of private investments in developing and frontier markets is key to achieve sustainable objectives. Over time, we have specialized in blended finance structures, leveraging the capital invested to the benefit of emerging and frontier markets. We measure the volume of private investments directed to emerging economies.

USD 3.8 billion private capital mobilised (Amount of private capital in BlueOrchard's funds as of 30 June 2024)

BlueOrchard’s
end clients surveys

Surveys were conducted on 1,502 end clients from India, Tajikistan, Kyrgyzstan, and Myanmar between Q4 2020 and Q2 2021 to assess the impact of loans provided by BlueOrchard’s investees.*

*These survey results are intended for general informational purposes only and are based on data from 2020/2021. We will update the figures as soon as more current information becomes available.
India
  • 75%

    Increase
    in quality of life

  • 38%

    Improved ability
    to save

  • 46%

    Increase
    in income

  • 63%

    Improved ability
    to plan finances

  • 53%

    Loan used to
    grow business

  • 97%

    No challenges when interacting with MFIs*
    *Microfinance institution

Tajikistan
  • 90%

    Increase
    in quality of life

  • 82%

    Improved ability
    to save

  • 58%

    Increase
    in income

  • 84%

    Improved ability
    to plan finances

  • 32%

    Loan used to
    grow business

  • 97%

    No challenges when interacting with MFIs*
    *Microfinance institution

Kyrgyzstan
  • 72%

    Increase
    in quality of life

  • 22%

    Improved ability
    to save

  • 32%

    Increase
    in income

  • 44%

    Improved ability
    to plan finances

  • 27%

    Loan used to
    grow business

  • 91%

    No challenges when interacting with MFIs*
    *Microfinance institution

Myanmar
  • 88%

    Increase
    in quality of life

  • 57%

    Improved ability
    to save

  • 94%

    Increase
    in income

  • 85%

    Improved ability
    to plan finances

  • 92%

    Loan used to
    grow business

  • 93%

    No challenges when interacting with MFIs*
    *Microfinance institution

Our Impact Memberships

2007
LuxFLAG Microfinance label awarded for the first time to BOMF. BlueOrchard has been receiving it for BOMF and other funds in the following years as well.
2009
BlueOrchard becomes signatory to the UN Principles of Responsible Investments.
2009
BlueOrchard launches first Social Performance Impact Reporting and Intelligence Tool (SPIRIT).
2014
BlueOrchard supports the creation of the SPI4 Alinus tool for microfinance institutions.
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BlueOrchard –
We measure what we treasure

The BlueOrchard team consists of experienced and versatile professionals in offices around the world, enabling BlueOrchard to operate effectively in its target markets. Our goal of inclusion is reflected in equal and fair employment opportunities. We strive to lead by example, promoting diversity and inclusion in our corporate approach.

Figures as of December 2023; Source: BlueOrchard
0+
members
of staff
36
average

of age
0%
woman
0%
man
0%
of staff are working
in regional offices
0
continents
0
offices

Multicultural

Staff speaking 36 languages, from 34 different nationalities

Experienced

13 years of experience on average among investment professionals

Rewarding

Bonus linked to the company’s investment, social & environmental performance

Our investments address 16 out of the 17 SDGs. We also support projects contributing to complementary SDGs already tackled by our investment offering.
Donations

BlueOrchard staff raised money for charitable donations, such as:

  • Spark-A-Change Foundation’s Digital Literacy Program in Bombay, India
  • Papua Child Aid Foundation for the creation of the Coral Reef Garden in Raja Ampat, Indonesia
  • The orphanage home “Chemi Sakhli” in Tbilisi, Georgia by providing digital learning tools
Planting trees

BlueOrchard will plant 218 trees in the Amazon Rainforest as part of its Instagram campaign.

Climate label

BlueOrchard was awarded with the climate neutral company 2020 label by ClimateCare in 2021.

BlueOrchard is part of Schroders carbon offset program that has been developed with ClimateCare. The program will primarily support the protection and generation of natural carbon sinks in Brazil (Agrocortex), Kenya (TIST* reforestation) and Sierra Leone (Gola rainforest protection).

*International Small Group Tree Planting Program

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