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Introduction to SPI4 and SPI4-ALINUS
February 11, 2016
Cécile Lapenu (CERISE) and Jurgen Hammer (co-chair of SPTF investor group/SPTF Chairman)
Agenda
• Summary of Social Investor Working Group (SIWG) objectives and agenda (for new comers)
• SPI4 as a social audit tool for financial institutions
• SPI4-ALINUS for investors in due-diligence and monitoring
• Next steps
• Q&A with participants
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• One of the most active working groups of the SPTF • Open to all investors seeking both financial and
social returns • Currently has ~300 members representing ~100
organizations • Meets twice a year in person – the next meeting
will be on March 2-3 in New York City (Deutsche Bank)
• Member-led – work and discussion emerge from the interests of group members
The social investor working group
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1. Harmonized investor due diligence and monitoring on social performance through the development of the SPI4-ALINUS => focus of today exchange
2. Lenders guidelines for setting reasonable covenants in support of responsible microfinance (“reasonable covenants”)
3. Preventing over-indebtedness 4. Measuring and reporting on outcomes 5. Pricing transparency 6. Balanced return expectations 7. Aligning efforts with the GIIN (IRIS and GIIRS metrics) and
GABV (scorecard) 8. Responsible exits
Examples of current initiatives
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SPI4 Overview
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Based on the Universal Standards
19 standards, organized into six dimensions
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The SPI4 evaluates the Universal Standards based on indicators
Essential Practices
Standards
Dimensions
Indicators
Evaluate the level of implementation of the essential practices 7
SPI4: A universal assessment tool
• The data collection and assessment tool aligned the Universal Standards of SPM
• As a free tool, SPI4 enables financial institutions to analyze their current SPM practices in a way that fits their budget
• Define their “social statements” • Can be customized to fit the institution’s mission through
optional modules on poverty, gender, and environment • A reporting tool • Available in English, Spanish, French, Russian,
Portuguese, Arab (Vietnamese –underway)
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SPI4: Why use it?
Measure, manage and improve to better serve clients!
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cerise-spi4.org
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SPI4: How to access it?
SPI4 quick demo
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Commitment of SPI4 stakeholders
• Align data collection with ALINUS
• Support MFIs in improving practices
• Define their “social statements” • Use results to improve
practices • Pro-actively report to
stakeholders • Share results with CERISE
• Support MFIs in conducting assessments
• Support MFIs in improving practices
• Share results with CERISE
• Training, qualification, support
• Centralization of results • Database • Data verification (MFR)
CERISE SPTF MIX
Raters Networks
TA providers
Investors Funders IMF
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Growing use of SPI4
As of Jan 2016:
• Downloaded by 1000 individual users • 100+ SPI4 assessments already received by CERISE • From over 50 different countries • 200+ people trained on the tool • 50+ qualified auditors
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SPI4 benchmarks
ALigning INvestors due diligence with the Universal Standards
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Overview of SPI4 ALINUS
What is SPI4 ALINUS?
• A sub-set of the SPI4 tool, developed by a group of social investors – with just 80 common indicators
• A tool for social due diligence and monitoring
• Currently being piloted by the ALINUS investor group
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The process of definition of ALINUS
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SPI4 ALINUS – why should investors use it?
Simplify, convince, and support SPM!
Speak the same language
Reduce reporting
burden for MFIs
Focus on analysis and not data collection
Support partners in
improving SPM
Use international benchmarks
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SPI4 ALINUS quick demo
The benchmarks for ALINUS
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What do the investors say?
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• Investor meeting early March ▫ Feedback on ALINUS pilot phase ▫ Strategic decisions to use ALINUS
• Version 2.0 of SPI4 (incl. USSPM and Smart) in June ▫ Based on users’ feedback, light update of all tools ▫ Under the responsibility of Cerise, SPTF, Smart : no impact on the
users • Support for a wide use of SPI4 and ALINUS ▫ Financial support:
! Responsible Microfinance Facility ! MFC/Ford SP Fund 3 ! Investors TA facilities
▫ Technical support & commitment: Each and every actor in the sector!
Next steps
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• Engage in the social investor working group ALINUS initiatives and discussions ▫ Mapping with own tool ▫ Check MFI list of SPI4 users ▫ Test of ALINUS/ Contact CERISE for any question/doubt/technical support
• Attend/ stay in touch with the March 2-3 meeting in NYC
• Encourage partners to use the Universal Standards and SPI4 – Discuss strategic use of ALINUS as investor
• Refer to the SPTF website for free implementation support and tools
Wrap up
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• … • …. • ….
Q&A
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Appendix – Tools & Resources
Resources and more information • Sub page of the Social Investor Working Group:
http://sptf.info/sp-task-force/http-www-sptf-info-sp-task-force-social-investors-working-group
• Universal Standards Manual: http://sptf.info/spmstandards/universal-standards
• Universal Standards Implementation Guide:http://sptf.info/images/usspm%20impl%20guide_english_20141217.pdf
• The Resource Center: http://sptf.info/resources/resource-center
• The TA database to help find a SPM consultant: http://sptf.info/resources/ta-providers
