STICHTING JOINT IMPACT MODELStatus: Approved investment
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Who is our customer
Our customer is the JIM Foundation which will provide technical assistance, (including training and capacity support) to FMO clients as part of the first pilot on impact measurement and reporting specifically on economic development via jobs and GHG emissions.
What is our funding objective?
The funding objective is: 1) To bring comparability, accountability, transparency and thought leadership to the financial industry, starting with our clients, by measuring key impact indicators in a harmonized way (economic development via jobs created and GHG emissions). 2) Support our clients to set up and properly measure and report on the above-mentioned key indicators using aligned methodology.
Why do we fund this investment?
As the saying goes, what gets measured gets done. This project supports both FMO’s and Massif’s mandate of contributing to inclusive and equitable economies through job creation and financial inclusion by supporting FMO’s customers to adopt a common measurement and reporting framework to not only hold themselves accountable to their goals, but to be able to adequately and map out strategic plans and goals to contribute to financial inclusion, economic development, and climate action. This project is a collaboration between the JIM foundation and PCAF. PCAF and JIM collaborate to improve financed emissions estimates in developing countries. By making the JIM model available to PCAF participating banks, it can be used to fill the gap in GHG emissions data for corporate lending portfolios in developing countries when real data is lacking or incomplete.
|Date||Total FMO financing|
|11/10/2022||EUR 0.07 MLN|
- Infrastructure, Manufacturing and Services
- Effective date
- Total FMO financing
- EUR 0.19 MLN
- FMO NV