Grassroots’ Funds Recognized as 2017 Best for the World!
For the second year in a row, India Financial Inclusion Fund (IFIF) and Prospero Microfinanzas Fund have been recognized as Best for the World Funds! We owe huge congratulations to our partners, Caspian Impact Investment Adviser and BIM Asset Management, and our funds’ portfolio companies for the great work they do!
More than 90 funds have now opted to have their portfolios independently measured and verified as B Lab’s GIIRS Impact Rating system, a rating system analogous to Morningstar.
Of those, B Lab identified 28 funds for their outperformance in social and environmental impact. B Lab has assessed more than 30,000 companies, enough to allow fund portfolios to be benchmarked and compared.
This year’s list recognized top performers in six categories: overall, environment, community, governance, workers and customers. IFIF made B Lab’s 2017 lists for the top 3 Overall Operations in Emerging Markets as well as top 10 in governance, workers, community and customers. Prospero was recognized for having the top 3 Overall Impact Business Model in Emerging Markets, as well as top 10 in governance, workers, community and customers.
Please see the following articles for more information on:
- The 2017 Best for the World List
- IFIF’s governance performance featured on the “Best for Governance” list
- Why the Best for the World Funds are critical for the growing impact investing sector, written by B Lab’s Co-Founder, Jay Coen Gilbert
Our work as GIIRS Impact Rated funds underscores our belief that standards in measuring social and environmental performance are necessary to build an efficient and effective marketplace, and the Best for the World recognition distinguishes our funds as leaders in this growing marketplace.
We hope you’ll help us spread the word about this year’s Best for the World Funds!