devinitorg/iati-policy-markers huggingface dataset:
Stärkung der Sozialbewegungen und Zivilbevölkerung hinsichtlich der Einforderung und des Monitoring der Menschenrechte in Brasilien Strengthening social movements and civic groups to claim and monitor human rights in Brazil Stärkung der Sozialbewegungen und Zivilbevölkerung hinsichtlich der Einforderung und des Monitoring der Menschenrechte in Brasilien Strengthening social movements and civic groups to claim and monitor human rights in Brazil Stärkung der Sozialbewegungen und Zivilbevölkerung hinsichtlich der Einforderung und des Monitoring der Menschenrechte in Brasilien Strengthening social movements and civic groups to claim and monitor human rights in Brazil
Mapletree APAC Logistics Development Fund Mapletree Investments Pte Ltd (Mapletree) is a global real estate development, investment, and management company headquartered in Singapore. Mapletree is now developing green Grade A warehousing infrastructure in Viet Nam (the Project), which will be executed by a private fund platform to be established by Mapletree (the Fund). The proposed investment is an A Loan of up to US$250 million to support the Fund in developing and constructing modern logistics warehousing assets in Viet Nam, all of which are expected to achieve green building certifications. Additionally, IFC will mobilize parallel loans of up to US$350 million on a best-efforts basis to finance the Funds development activities in India and/or Viet Nam. The most significant expected Project level effects are (i) stakeholder effects through increased access to quality logistics space in the target cities, and (ii) environmental effects through the reduction in GHG emissions and improved resource efficiency. Beyond the Project, IFC anticipates that the investment will promote greater sustainability in the commercial real estate sector in Vietnam.
DFP Orion Project The proposed Project entails an equity investment of up to US$65 million for IFCs own account in DFP, Orion Secured Direct Lending Fund III (B) LP (Fund) which has a target fund size of US$400-500 million. The Fund is managed by Orion Credit Capital Asia Pte. Ltd (Orion), a licensed investment manager in Singapore. The Fund will provide senior secured loans to small to mid-market companies across Asia-Pacific (APAC) to support sustainable financing. Key markets would include India and Southeast Asia (SEA). The most significant, expected Project-level outcome is increased access to sustainable finance (including climate finance) for small to mid-market companies in India and SEA. Beyond the Project, IFC anticipates that the investment will promote greater competitiveness in the sustainable finance market by developing an alternate financing channel to support such investments.
Sembcorp Industries Ltd Sembcorp Industries Limited (Sembcorp -  https://www.sembcorp.com/en ) is a leading energy and urban solutions provider listed on Singapore stock exchange. Headquartered in Singapore and with operations across 11 countries, Sembcorp has three business segments: renewable energy, conventional energy and sustainable solutions, which comprise urban development, water and waste. Sembcorp has been proactively shifting its energy portfolio to renewable energy over the past few years. As of June 2021, it has a global capacity of more than 3,300 MW in renewable energy comprising solar, wind, and energy storage. This includes 2,419 MW of wind plants in China and India, 784 MW of solar plants in India, Singapore, and Vietnam, as well as 120 MW of energy storage assets in the UK. Sembcorp has committed to a climate action plan to significantly reduce its GHG emissions by 2030 and achieve net-zero emissions by 2050.      IFC will make an anchor investment of up to SGD 150 million in a proposed up to 10.5-year senior unsecured sustainability-linked bond (SLB) issued by Sembcorp Financial Services Pte. Ltd. that will be fully guaranteed by Sembcorp (the Project). This will be Sembcorps first SLB. (i)	Stakeholders: The Project will support operations of existing as well as new RE capacity and potentially, other sustainable projects to be developed by the Company 
(ii)	Financial Integration: The Project demonstrates a relatively new financing instrument with potential for wider regional uptake as companies and investors increase their focus on sustainability.
DFP NAC Project The proposed investment entails an investment of up to US$40 million for IFCs own account in a US$350 million target credit fund namely Navis Asia Credit Fund LP (NAC or the Fund). The Fund will provide senior secured loans to small to mid-sized corporates across Asia Pacific to promote sustainable financing. IFCs investment will be deployed across emerging Asia including Thailand, Malaysia, the Philippines, Vietnam, and Indonesia. Navis Asia Credit Fund G.P. Pte. Ltd., a Singapore private company, controlled by Navis Capital Partners Limited, will serve as the general partner of the Fund (the General Partner). Project Outcome
Stakeholder effects  Increased access to climate finance, including for SMEs: Southeast Asia is one of the most vulnerable regions to climate change and includes some of the most GHG intensive economies and the most exposed countries to climate disasters. The region is responsible for about 6.5 percent of global energy-related carbon dioxide emissions in 2020, a steep increase from 2.8 percent in 1990. Such unchecked growth in emissions raises the risk of raising global temperatures by 3.2 C. That in turn could cause the region's GDP to fall by up to 37 percent, according to estimates by the Swiss Re Institute . It is reported that more than 90 percent of the total GHG emissions of Southeast Asia are attributable to Indonesia, Malaysia, the Philippines, Thailand, and Vietnam

Market Creation:
Competitiveness: IFC anticipates that the Project will promote greater competitiveness in the climate finance segment, by supporting the development of an alternate financing channel to support the development of sustainable finance. The Fund will invest in sectors that support the delivery of more efficient, competitive and sustainable technology and innovation, including in green buildings, sustainable energy, and sustainable agriculture, amongst others. Pipeline projects include a compressed biogas EPC and operator which uses biogas or bioCNG to replace natural gas to reduce GHG emission, and a smart logistics company which will contribute to GHG emissions reduction through optimizing routes and improving operational efficiency of vehicles, amongst others. Through demonstration, replication, and standard-setting channels, this is expected to lead to the future establishment of private credit funds aimed at supporting the development of sustainable solutions in Asia.
Wavemaker 4 Wavemaker Pacific 4 L.P.  (Wavemaker SEA Fund IV or the Fund) is targeted to be a US$120 million Venture Capital (VC) fund focused on early stage (seed to pre-A) investments in the Southeast Asia (SEA) region. The Fund aims to invest primarily in enterprise/ business-to-business (B2B) and deep tech companies led by exceptional entrepreneurs creating superior value by leveraging technology to deliver high-impact Automation, Data & Intelligence. Project Outcomes:

Gap: The VC funding gap is assessed as small relative to other emerging markets. However, it is noted that the Fund is in the very early VC stage (Seed/ Series A) which is a riskier segment and lacks sophisticated institutional funds. This stage of the Fund is also critical to develop a quality late stage pipeline of startups. During diligence, the amount of capital invested into investees operating in the more underpenetrated parts of the SE Asia region will also be considered.

Outcomes: Access to early stage capital and operational support leading to increased ability of startups to scale and succeed. During diligence, information on investee performance, follow-on funding and value creation strategies used by the Fund Manager will be assessed to set targets and assess the intensity of the project.

Contribution to Market Creation:

The largest contribution to market creation is expected to come from the sector specific impacts of digital investees.
Increased competitiveness of key markets through the support of market-disrupting digital business models: By investing in technology-enabled solutions across a variety of B2B, enterprise and deep-tech sectors, the Fund will assist in the development of the region's digital economy. The Fund's innovative investees bring new business models,  ometimes into underserved parts of the region, demonstrating the viability of early-stage VC investments in a region where VC funding is still in its infancy; thereby bringing more competitors into the market, increasing efficiency and driving down market-wide costs. It will be expected that at least two of the Fund's investees will change market  structure.
Vertex Fund 5 The proposed investment is an equity investment of up to US$20 million in Vertex Ventures (SG) SEA V LP, (Vertex or the Fund), a Singapore domiciled fund focused on investing in early-stage technology companies in Southeast Asia and India. The fund is a Singapore Limited Partnership that is managed by Vertex Ventures SEA Management Pte. Ltd., a Singapore-based fund manager. The IFC is also requesting a US$20 million delegated authority co-investment envelope. Stakeholders (investee companies): Increased access to early stage equity and operational value add for technology companies in SEA and India. The fund will provide access to equity and value creation for investees by helping raise follow on capital, introducing experts into portfolio companies to accelerate growth and leveraging their networks and relationships to enable scale. The fund has demonstrated success with their previous funds.  Access to venture capital in India is high and in 2021 VC volumes continued to rise over four times compared to the previous year. The majority of VC volumes were driven by late stage VC where funding rounds are significantly higher. While there is access to funding in the country, high quality and institutional domestic fund managers who can provide quality operational advice and mentoring, especially at very early seed stages, remains limited. The SEA region also has good access to venture capital, with regional volumes doubling in 2021 and reaching an annual five year average VC volume of 5,593m. However, the entire regional block still only has half the VC penetration rate of India, demonstrating that relative to the size of its economic activity, there is still potential for more venture capital to meet demand. 

Integration:  Increased disruption of key markets through the support of market disrupting digital business models.  The Fund is supporting investees developing tech led innovative solutions to disrupt various real sector business models IFC expects this will increase competitiveness across markets that are characterized by low productivity, poor efficiency and low competition. The investees innovative businesses models can strengthen supply chains by reducing the role of brokers and intermediaries, improve price transparency, and have a demonstration effect by catalyzing replication from new entrants In markets where investees grow rapidly and become sizeable market players, innovation at scale can generate large impacts on a markets competitiveness by pushing traditional players to innovate or reducing traditional incumbents market share.
Ascott SLB Project CapitaLand Ascott Trust (CLAS or the Company) is the largest hospitality trust in Singapore and Asia Pacific, with an asset size of S$7.6 billion as of June 30, 2022. CLAS is listed on the Singapore Exchange (SGX) and has an investment property portfolio that comprises mainly serviced residences, hotels, rental housing properties and student accommodation assets globally.  IFC is proposing to invest up to US$115 million equivalent in a proposed up to 7-year sustainability-linked bond (SLB) issued by Ascott REIT MTN Pte. Ltd. under its S$2 billion Multicurrency Debt Issuance Programme. The most significant expected Project-level effect is environmental effect through reduction in GHG emissions and resource efficiency. Beyond the Project, IFC anticipates that the investment will promote greater sustainability in the real estate sector in emerging East Asia Pacific (EAP) countries. CLAS's strong commitment to greening its properties will provide a highly visible demonstration case given its prominent position in the marketplace. This could help further the sustainability agenda of the institutional real estate market in emerging EAP.
Asia Impact Investment Fund II The proposed investment is for up to US$15m (not to exceed 20% of total commitments) in UOB Asia Impact Investment Fund II L.P (AIIF II, or the Fund), a US$100m (target) private equity fund established by UOB Venture Management Private Limited (the Manager or UOBVM), a subsidiary of United Overseas Bank Limited (UOB). The Fund is established in co-operation with Credit Suisse AG, Singapore branch (CS), acting as Impact Advisor. The Fund will invest in companies in China and Southeast Asia (SE Asia) which develop or scale commercial solutions to meet the demands of people at the base of the economic pyramid (BoP), primarily in the sectors of agriculture, education, healthcare, housing, sanitation, water, transportation, clean energy and financial services. Allocation to China will be capped at 40%. Expected development impact outcomes include i) providing access to patient equity capital for companies in Southeast Asia, particularly those serving the needs of the BoP, and ii) deepening the impact investment landscape in the region.
Crescent Loan The proposed investment (Project) is for a debt facility of up to US$100 million comprising (i) US$50 million IFC A Loan and (ii) US$50 million mobilized by MCPP One Planet, to support Crescent Investment Management III Ltd. (Crescent Point), the General Partner for Crescent Asia Consumer and Deep Value Fund III, L.P. (the Fund or Fund III). Crescent Point is forming a hotel and resorts management platform to acquire and manage hospitality assets within large Southeast Asian countries such as Indonesia, Philippines, Thailand and Vietnam, plus other attractive hospitality markets such as Maldives. IFC will help Crescent Point to implement Excellence in Design for Greater Efficiencies (EDGE) certification of the hotels under the project.  The first investment identified under the Crescent Loan Project is the acquisition and retrofitting of a resort in the Baa Atoll, Maldives. The Project has an Anticipated Impact Measurement and Monitoring (AIMM) rating of Good. The most significant, expected project-level outcomes are (i) Economy-wide effects through the creation and preservation of employment and value addition in the hotel sector and its supply chain, and (ii) Environmental effects through energy and water savings. Beyond the Project, IFC anticipates that the investment will promote financial integration through demonstration and replication channels.
Federal Trade Commission: Office of International Affairs - Protect Consumers Technical Assistance to Botswana on Consumer Protection
For the Irish Refugee Council to support a three-month project assessing the value that refugees can bring to Irish society to help promote fuller integration For the Irish Refugee Council to support a three-month project assessing the value that refugees can bring to Irish society to help promote fuller integration [in Ireland through Irish Refugee Council]
Trellis: Acumen Pioneer Agriculture Initiative Acumen has launched a new pioneer agriculture initiative, Trellis, a 5-year, 25M GBP initiative that will make up to 25-30 investments in early-stage agri-business entrepreneurs across four investment regions in East Africa, West Africa, India, and Latin America from 2022-2027, impacting 2 million farmers.

Trellis focuses on providing high risk, early-stage patient capital for pioneering agri-enterprises with a focus on building climate resilience and delivering high impact solutions to increase productivity and access to markets for smallholder farmers globally.  Critical to the investments will be generating evidence, insights and impact measurement. Trellis will focus on proving out replicable and scalable business models and linking these investments to more commercial funds, including Acumen’s Resilient Agriculture Fund (ARAF).

Agri-business entrepreneurs face an extraordinary set of challenges. The lack of equity capital for early-stage companies with evolving business models operating in untested markets is the barrier most often cited by entrepreneurs. High-risk, early-stage equity and equity-like capital is critical to fuel a new generation of innovations at the intersection of agriculture, poverty, gender and climate resilience. Alongside this is a need for insights and evidence generation on what works, and investment support – “accompaniment” - as Acumen focuses on local entrepreneurs and building out local ecosystems. 

Through equity investments in innovative, early-stage agribusinesses Trellis will transform the incomes, livelihoods, and climate resilience of 2 million smallholder farmers. In doing so the initiative will provide replicable examples of business models that drive deep impact to smallholder farmers, while also growing financially viable enterprises.
Strengthening agribusinesses and the livelihoods of low-income smallholder farmers through applied research in behavioural economics and impact measurement frameworks In October 2018 the UK Department for International Development (DFID), Shell Foundation and Acumen initiated the Strengthening Impact Investment Markets for Agriculture (SIIMA) partnership. As outlined in the SIIMA Business Case October 2018, this partnership aims to transform the agriculture sector and livelihoods of low-income smallholder farmers and 1 million people in Africa. SIIMA will do this by building and scaling-up markets for affordable, mechanised solutions in agriculture, investing in high-impact businesses that can deliver innovative products and services at scale, developing a robust evidence base on technology adaptation by applied research in behavioural economics, and advancing impact measurement frameworks to mobilize additional capital in the sector.

With DFID’s support, Acumen will undertake cutting edge, applied research in behavioural economics to examine the constraints and enablers to the uptake and scaling of climate-resilient agriculture to improve investment decisions. This research will inform strategic decision-making for Acumen’s resilient agriculture initiative, as well as the wider DFID portfolio and agricultural impact investment sector at large. Other portions of this grant will be applied to the initiative’s technical assistance facility to fund Lean Data impact measurement projects for its portfolio, and to develop innovative solutions for measuring investment impact on the poor by leveraging frontier, Big Data technologies.
PEII Phase 1 Acumen launched the Pioneer Energy Investment Initiative (PEII) to bridge the funding gap for early stage off-grid energy companies and accelerate energy access across the developing world.  By investing in companies with the potential to validate new business models, scale, and attract additional capital, the PEII will demonstrate ways that risk-tolerant patient capital can bring energy access to populations that have not yet been reached by the expanding off-grid sector. The PEII invests in companies delivering off-grid energy from renewable sources in India, East Africa, West Africa, and Pakistan, with a focus on solar home systems in new markets, mini and micro grids, and innovations in productive use. Through investing, helping to scale businesses, and capturing the voice of new energy customers through Lean Data, they hope to impact 8M people by 2026, and have recently published an Energy Impact Report detailing our impact to date. DFID’s contribution of GBP1 million (through TEA) has been instrumental in their first two investments in PEG Africa and Easy Solar; and in developing a report on the “Role of Equity” in early-stage energy enterprises that was published in June 2018.
Pioneer Energy Investment Initiative Powering Livelihoods Using Solar (PEII+) PEII+ is a 5-year, $25 million dollar initiative that will invest early-stage capital in companies that provide renewable energy-powered appliances–from mills and irrigation pumps to electric motorbikes and refrigerators–to microentrepreneurs and smallholder farmers in India and East and West Africa. 

Building on Acumen's 15 years of experience investing in energy access businesses that tackle poverty, Acumen is doubling-down on the role productive uses of energy play in creating thriving resilient livelihoods powered by affordable, income-generating, clean energy products and services. 

To help Acumen’s current and new pioneer energy investees to achieve their growth potential, post-investment support will be provided to each company. 

PEII+ investees will also engage in a 60 Decibels Lean Data project to measure how they are performing against various impact benchmarks and to generate valuable insights to inform business strategy, product design, affordability, and customer service over time.

To increase the visibility of local entrepreneurs working at the nexus of energy access, agriculture, and poverty, PEII+ plans to develop two Acumen Academy accelerators to support the next cohort of locally-led enterprises in India and East Africa and increase their investment readiness. 

Lastly, as done under the first PEII, Acumen plans to share key lessons learned and insights from its portfolio. Acumen will continue to bring together stakeholders across the energy and agriculture ecosystems to amplify successful models, facilitate cross-learning and partnerships, de-risk the PUE investment ecosystem, and share its learnings.
Bridging the funding gap for early stage off-grid energy companies to scale modern energy cooking services Over the last 19 years of investing, Acumen has seen that few investors are willing to provide financing in the earlier stages in the emerging markets where poverty is most acute. The majority of investors prefer to invest in the later stages, once commercial viability is proven and conditions for sustainable scaling are present. This is especially true in the cooking sector. According to SEforAll, an annual investment of USD 4.4 billion is required to close gaps in access to clean cooking, yet only USD 32 million in finance commitments for clean cooking solutions were tracked—representing less than 1 percent of the estimated finance required for universal clean cooking access by 2030. Without the additional infusion of capital, clean cooking markets are unlikely to develop, scale, and fulfil their role in helping serve the 2.8 billion people (IEA,2017) who do not have access to clean cooking facilities.

Acumen supports Modern Energy Cooking Services (MECS) and their aim to investigate how to rapidly accelerate a transition from biomass to genuinely ‘clean’ electric or gas cooking. MECS works to support the research and development necessary to get e-cooking appliances to a place where they are both affordable and reliable for low-income households in Africa. Yet innovations in financing and distribution at the nexus of e-cooking, and solar home system (SHS) and mini-grid business models will be necessary for these solutions to scale. Not only will strong coordination across business models be required, but it will be necessary to understand what type of capital is needed, how best to crowd in additional leverage and manage risk.

In partnership with MECS, this grant will enable Acumen to support its current investees who are already exploring or piloting modern cooking solutions as part of their product suite.