SocialAlpha-Bastion Fund, managed by ALPHAMUNDI GROUP, was yesterday named a Best for the World Fund by B Lab for setting the measurement and management bar in impact investing, based on its GIIRS Impact Rating. A full list of honorees is published by B the Change, B Lab’s online Medium publication bthechange.com.
SocialAlpha-Bastion Fund is among 28 Best for the World Funds, which include investment funds that have completed the rigorous GIIRS Impact Rating in the past year and are top performers. SocialAlpha-Bastion Fund has demonstrated leadership in emerging market category and is rated amongst the top 10 funds that have the overall impact business model as assessed in our latest GIIRS Impact Rating.
GIIRS Ratings provide a framework of impact measurement and management that helps investors and companies assess their performance against a rigorous, comprehensive standard, the B Impact Assessment. GIIRS was launched six years ago to meet a core need to scale the impact-focused capital markets — a credible, independent evaluation of the impact of companies and investment funds. Since its launch, GIIRS has rated more than 100 investment funds and 1000 portfolio companies. GIIRS Impact Ratings and the B Impact Assessment were designed and are administered by the global nonprofit B Lab.
“The Best for the World Funds are using data that captures the impact of their portfolio companies’ operations and business models to make decisions, drive sustainable growth, and to distinguish themselves in the market. They are not just measuring their impact, they are managing it.”, says Amanda Kizer, manager of the GIIRS Impact Ratings program at B Lab. “These funds recognize the importance of using a credible, rigorous model to manage and report on impact, and have set the standard as more players enter the impact investing space” added Flory Wilson, Director at B Lab.
The 2017 Best for the World Funds account for more than USD1.3B in committed capital that will be invested in companies across all areas of social and environmental impact. The funds operate in 40 countries and over 70 industries to have boundary-breaking positive impact around the world.
AlphaMundi Group Ltd
AlphaMundi Group is a commercial entity based in Switzerland and exclusively dedicated to Impact Investing: profitable investments that generate substantial net benefits to society. It was founded in 2007 by a group of partners with extensive experience in the financial industry as well as responsible investments, microfinance and philanthropy.
AlphaMundi provides debt and equity financing to scalable social ventures in strategic sustainable human development sectors such as microfinance, affordable education, fair trade agriculture and renewable energy. AlphaMundi is currently investing out of its impact debt fund, SocialAlpha Investment Fund (SAIF) - Bastion, domiciled in Luxembourg. AlphaMundi also manages co-investments for SAIF-Bastion investors and third parties.
AlphaMundi Group Ltd
B Lab is a nonprofit organization that serves a global movement of people using business as a force for good. Its vision is that one day all companies compete not only to be the best in the world, but the best for the world and society will enjoy prosperity for all for the long term.
B Lab drives this systemic change by: 1) building a community of Certified B Corporations to make it easier for all of us to tell the difference between “good companies” and good marketing; 2) passing benefit corporation legislation to give business leaders the freedom to create value for society as well as shareholders; 3) Helping tens of thousands of businesses, investors, and institutions manage for impact by using the B Impact Assessment and B Analytics to manage their impact—and the impact of the businesses with whom they work—with as much rigor as their profits; 4) Inspiring millions to join the movement through story-telling on bthechange.com.
For more information, visit www.bcorporation.net.
B the Change is a Medium publication, produced by B Lab in collaboration with the community of Certified B Corps and the movement of people using business as a force for good. B the Change exists to inform and inspire people who have a passion for using business as a force for good in the world. We want to dramatically broaden and deepen engagement with entrepreneurs, managers, employees, investors and citizens in one of the most important discussions of our time.
Read all B the Change stories at http://www.bthechange.com.