2019 Sustainability & Operational Excellence Challenge

The EMPEA Institute is delighted to announce the launch of its fourth annual Sustainability & Operational Excellence Challenge to select the fund manager that presents the most compelling case for having created value in an emerging markets portfolio company through active management while delivering positive externalities to the communities in which the company operates.

The top three finalists will be selected by an independent panel of judges, with the winner determined by a majority vote of industry stakeholders attending the EMPEA Sustainable Investing in Emerging Markets summit to be held on 8 October 2019 in London. The audience members will vote for the firm that they believe best exemplifies outstanding sustainable impact from an operational, environmental, social and governance perspective following presentations delivered by the Challenge’s finalists.

Details for submitting a case study for the Challenge are below. If your firm is interested in submitting a portfolio company case study for the 2018 Challenge, please email [email protected] to request this year’s entry form. The deadline to submit an entry form is 3 September 2019.

2019 Guidelines

  • To participate in the 2019 Challenge and request a copy of this year’s entry document, please email [email protected]. Please include your firm name, portfolio company name and key contact individual’s name, email address, and phone number in your request.
  • The full entry document must be completed by the Challenge Deadline of 3 September 2019. We encourage you to indicate your interest and request a form as soon as possible to provide plenty of time to complete the entry document.
  • Please note that only one submission is allowed per firm.
  • The ultimate winner of the Challenge is decided at the Sustainable Investing in Emerging Markets Summit on 8 October 2019 by audience vote, following presentations by the three finalists that were chosen prior to the Summit by the panel of judges.
  • The selected 2019 Challenge finalists will have their case studies produced and distributed by EMPEA via EMPEA and EMPEA Institute communication channels, and will include a press release from the EMPEA Institute following the Summit.

2019 Rules/Fine Print

  • Firms are limited to one submission.
  • Firms that entered the Challenge in previous years may resubmit their case study but will need to do so by requesting and completing the 2019 entry document. We suggest including any updates from the past year to enhance your submission. If you resubmit a case study, your 2019 chances of being selected as a finalist will not be influenced by the fact that previously entered the Challenge. Please understand that if your case study was selected as a finalist and/or the winner in the last two years, it cannot be resubmitted again this year.
  • The initial investment into the company must have been made on or after 1 January 2006.
  • The investment must have been made in an emerging market-based company. “Emerging Markets” encompass the private equity markets of all countries outside of the United States, Canada, Western Europe, Israel, Japan, Australia and New Zealand, collectively referred to as “developed markets.”
  • The investment must be classified as private capital. “Private Capital” refers to investment activities undertaken by long-term, fixed-life, private, direct investment funds backed by institutional investors across the following three asset classes: private equity, private infrastructure and real assets, and private credit.
  • The top finalists will be determined by an independent panel convened by the EMPEA Institute.
  • If selected as a top finalist, at least one member of the deal team will be required to participate in and present at the Sustainable Investing in Emerging Markets Summit to be held on 8 October 2019 in London.
  • Submissions must be received by 3 September 2019. Finalists shall be notified by 13 September 2019.

2018 Winner: Aavishkaar

India generates over 65 million metric tons (MT) of waste per annum, and this is expected to increase to 137 million MT by 2025, according to the World Bank. Recognizing the increasing magnitude of waste generation in India, venture capital investor Aavishkaar began an active search for a viable and sustainable solution. Download the Nepra Resource Management Pvt. Ltd. case study.

2018 Finalist: Denham Capital

Recognizing a fundamental need for new generation capacity in Brazil, Denham opened an office in São Paulo in 2008 and spent the following three years comprehensively accessing the clean energy investment opportunity in the market. Through this process, Denham’s deal team identified Marcos Meireles as a proven developer in the Brazilian power sector, and executed an agreement that provided the private equity firm with the option to create a renewable power project development company. Download the Rio Energy case study.

2018 Finalist: IFC and IFC Asset Management Company (AMC)

India has been growing at an average annual rate of more than 7% over the last five years; however, a shortage of formal sources of financing in rural and semi-urban markets is preventing economic growth from reaching the bottom-of-the-pyramid population. With
India being home to the largest number of unbanked adults in the world—estimated at 190 million people—increasing access to finance in the country has been a central focus of the International Finance Corporation (IFC) and IFC Asset Management Company (AMC). Download the Bandhan Bank Limited case study.