Triple Jump news - Monday, November 22, 2010

Transparency certificate for Triple Jump

Triple Jump’s ASN-NOVIB Fund has won ‘The 2010 CGAP MIV Transparency Certificate’. CGAP recognizes ASN-Novib ‘for its commitment to transparent reporting to investors on environmental, social and governance indicators’.  This has been announced by CGAP, Consultative Group to Assist the Poor.

CGAP has initiated two separate initiatives to stimulate responsible investments in microfinance: the ESG Awards and the ESG Transparency Certificate.

While the ESG Awards recognized exemplary Microfinance Investment Vehicles (MIVs) for the integration of environmental, social and governance (ESG) factors into their investment policies and business processes; the Transparency Certificate distinguishes MIVs committed to transparency on ESG reporting indicators. "The ESG reports of Triple Jump are more than 80% compliant with the MIV disclosure guidelines", says SGAP. "And Triple Jump does report its ESG performance to its investors."

CGAP and its partners UN PRI and LUxflag are committed to improve transparency on microfinance investments. It hopes that the initiatives will help advance responsible investment in microfinance.

CGAP is a consortium of 33 public and private development agencies working together to expand access to financial services for the poor in developing countries. CGAP was created in 1995 by these aid agencies and industry leaders to help create permanent financial services for the poor on a large scale (often referred to as microfinance).