Introduction to SPI4 and SPI4- ALINUS

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1 Introduction to SPI4 and SPI4- ALINUS February 11, 2016 Cécile Lapenu (CERISE) and Jurgen Hammer (co-chair of SPTF investor group/sptf Chairman)

2 Agenda Summary of Social Investor Working Group (SIWG) objectives and agenda (for new comers) SPI4 as a social audit tool for financial institutions SPI4-ALINUS for investors in due-diligence and monitoring Next steps Q&A with participants 2

3 The social investor working group One of the most active working groups of the SPTF Open to all investors seeking both financial and social returns Currently has ~300 members representing ~100 organizations Meets twice a year in person the next meeting will be on March 2-3 in New York City (Deutsche Bank) Member-led work and discussion emerge from the interests of group members 3

4 4 Examples of current initiatives 1. Harmonized investor due diligence and monitoring on social performance through the development of the SPI4-ALINUS => focus of today exchange 2. Lenders guidelines for setting reasonable covenants in support of responsible microfinance ( reasonable covenants ) 3. Preventing over-indebtedness 4. Measuring and reporting on outcomes 5. Pricing transparency 6. Balanced return expectations 7. Aligning efforts with the GIIN (IRIS and GIIRS metrics) and GABV (scorecard) 8. Responsible exits 4

5 SPI4 Overview 5

6 Based on the Universal Standards 19 standards, organized into six dimensions 6

7 The SPI4 evaluates the Universal Standards based on indicators Dimensions Standards Essential Practices Indicators Evaluate the level of implementation of the essential practices 7

8 SPI4: A universal assessment tool The data collection and assessment tool aligned the Universal Standards of SPM As a free tool, SPI4 enables financial institutions to analyze their current SPM practices in a way that fits their budget Define their social statements Can be customized to fit the institution s mission through optional modules on poverty, gender, and environment A reporting tool Available in English, Spanish, French, Russian, Portuguese, Arab (Vietnamese underway) 8

9 SPI4: Why use it? Measure, manage and improve to better serve clients! 9

10 SPI4: How to access it? cerise-spi4.org 10

11 SPI4 quick demo 11

12 Commitment of SPI4 stakeholders Training, qualification, support Centralization of results Database Data verification (MFR) CERISE SPTF MIX Raters Networks TA providers Support MFIs in conducting assessments Support MFIs in improving practices Share results with CERISE IMF Investors Funders Define their social statements Use results to improve practices Pro-actively report to stakeholders Share results with CERISE Align data collection with ALINUS Support MFIs in improving practices 12

13 Growing use of SPI4 As of Jan 2016: Downloaded by 1000 individual users 100+ SPI4 assessments already received by CERISE From over 50 different countries 200+ people trained on the tool 50+ qualified auditors 13

14 SPI4 benchmarks 14

15 Overview of SPI4 ALINUS ALigning INvestors due diligence with the Universal Standards 15

16 What is SPI4 ALINUS? A sub-set of the SPI4 tool, developed by a group of social investors with just 80 common indicators A tool for social due diligence and monitoring Currently being piloted by the ALINUS investor group 16

17 The process of definition of ALINUS 17

18 SPI4 ALINUS why should investors use it? Speak the same language Reduce reporting burden for MFIs Focus on analysis and not data collection Support partners in improving SPM Use international benchmarks Simplify, convince, and support SPM! 18

19 SPI4 ALINUS quick demo 19

20 The benchmarks for ALINUS 20

21 What do the investors say? 21

22 Next steps Investor meeting early March Feedback on ALINUS pilot phase Strategic decisions to use ALINUS Version 2.0 of SPI4 (incl. USSPM and Smart) in June Based on users feedback, light update of all tools Under the responsibility of Cerise, SPTF, Smart : no impact on the users Support for a wide use of SPI4 and ALINUS Financial support:! Responsible Microfinance Facility! MFC/Ford SP Fund 3! Investors TA facilities Technical support & commitment: Each and every actor in the sector! 22

23 Wrap up Engage in the social investor working group ALINUS initiatives and discussions Mapping with own tool Check MFI list of SPI4 users Test of ALINUS/ Contact CERISE for any question/doubt/technical support Attend/ stay in touch with the March 2-3 meeting in NYC Encourage partners to use the Universal Standards and SPI4 Discuss strategic use of ALINUS as investor Refer to the SPTF website for free implementation support and tools 23

24 Q&A.. 24

25 Thank you! CERISE s team : spi4@cerise-microfinance.org Jurgen Hammer: jurgenhammer@sptf.info

26 Appendix Tools & Resources

27 Resources and more information Sub page of the Social Investor Working Group: Universal Standards Manual: Universal Standards Implementation Guide: %20guide_english_ pdf The Resource Center: The TA database to help find a SPM consultant:

The Social Performance Task Force

The Social Performance Task Force January 21 st, 2016 Webinar Introduction to SPTF and social investor working group Dina Pons and Jurgen Hammer Co-chairs of SPTF investor group Agenda Overview of the