The Role of the

Impact Investment Ecosystem

Disclaimer: The views expressed in this paper/presentation are the views of the author and do not necessarily reflect the views or policies of the Asian Development Bank (ADB), or its Board of Governors, or the governments they
represent. ADB does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequence of their use. Terminology used may not necessarily be consistent with ADB official terms.
Introduction to the Impact 
Investment Ecosystem
March 4, 2011
 Ecosystem
Partnerships

Apart from impact 
investors and 
Impact  social enterprises, 
Investors many other 
stakeholders play 
important roles in 
Social  the successful 
enterprises development of 
IIX

Introduction to the Impact Investment Ecosystem Page 3
Key Ecosystem Players: Thailand 

Introduction  to  the Impact Investment Ecosystem Page 4
Ecosystem Partners: Key Findings 

` IIX  outreach process

` Top‐down approach: Importance of high‐level buy in 
order to get social enterprises ready for the market.
` Involvement requirements: 
` Strategic match
` CSR interest 
` Resource allocation 
` Ongoing  commitment

Introduction to the Impact Investment Ecosystem Page 5
The Listing Process – Equity 

• Fundamental analysis of business
• Determine basic eligibility for listing
• Audit financial statements

• Ensure regulatory compliance
• Corporate governance
• Prepare documentation and legal paperwork
• Examine management and business viability
• Identify areas of concern
• Submit for approval

• Publish prospectus
• List on exchange
P
a
g
Introduction to the Impact Investment Ecosystem e
 The Listing Process – Debt 

• Fundamental analysis of business
• Determine basic eligibility for listing
• Audit financial statements

• Ensure regulatory compliance
• Corporate governance
• Prepare documentation and legal paperwork

• Examine management and business viability
• Identify areas of concern

• Rating agencies evaluate credit risk 
• May get relevant body to guarantee debt 
• Submit for approval

• List on exchange

Introduction to the Impact Investment Ecosystem
Ecosystem Partners: What they are saying

“It was, both in a professional as well as a personal 
capacity, an utmost pleasure meeting and speaking 
with... I don’t usually talk about my work with my wife 
when I am back home, but I will in this instance, as I am 
truly excited at the proposition of working with you on 
your quest to bring this into fruition”
‐ Principal, global accounting firm

Introduction to the Impact Investment Ecosystem Page 8
 Thank you

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…Capital Markets for Social Good
 The Role of the
Impact Investment Ecosystem