70 likes | 196 Views
Session 1: Social Performance and Responsible Finance. Kate McKee and Laura Foose. Responsible Finance. Three Strategies: Consumer protection regulation Industry standards and codes of conduct Consumer awareness and financial capability. Regulators & Policymakers. Donors.
E N D
Session 1: Social Performance and Responsible Finance Kate McKee and Laura Foose
Responsible Finance • Three Strategies: • Consumer protection regulation • Industry standards and codes of conduct • Consumer awareness and financial capability Regulators & Policymakers Donors Investors & MIVs Networks, Associations, & Support Orgs Retail Providers (MFIs) Do no harm Act ethically (corporate citizenship) Commit to Positive Change for Clients
Social Performance Responsible Finance Regulators & Policymakers Donors • + Institutional Commitment to: • Invest in systems for double/triple bottom-line management • Measure/ report client outreach and outcomes • Offer financial and non-financial services based on life cycle needs and vulnerability of client Investors & MIVs Networks, Associations, & Support Orgs Retail Providers (MFIs) Do no harm Act ethically (corporate citizenship) Commit to Positive Change for Clients
Initiatives Consumer Protection Regulation MFTransparency Regulators&Policymakers Donors Smart Campaign Initiatives and Tools for Responsible Investing Investors and MIVs Codes of Conduct Networks, Associations, & Support Orgs Poverty Measurement Tools (PPI & PAT) Third-party verification (e.g. social rating) SPTF/MIX Social Performance Standards Report Retail Providers (MFIs) Commit to positive change for clients Do no harm Act ethically (corporate citizenship)
Responsible Finance • Three Strategies: • Consumer protection regulation • Industry standards and codes of conduct • Consumer awareness and financial capability Social Performance Regulators & Policymakers Donors • + Institutional Commitment to: • Invest in systems for double/triple bottom-line management • Measure/ report client outreach and outcomes • Offer financial and non-financial services based on life cycle needs and vulnerability of client Investors & MIVs Networks, Associations, & Support Orgs Retail Providers (MFIs) Do no harm Act ethically (corporate citizenship) Commit to Positive Change for Clients