2018 Sustainability & Operational Excellence Challenge

The EMPEA Institute is delighted to announce the launch of its third 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 23 October 2018 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 7 September 2018.

2018 Guidelines

  • To participate in the 2018 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 7 September 2018. 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 23 October 2018 by audience vote, following presentations by the three finalists that were chosen prior to the Summit by the panel of judges.
  • The selected 2018 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.

2018 Rules/Fine Print

  • Firms are limited to one submission.
  • Firms that entered the 2017 Challenge may resubmit their case study but will need to do so by requesting and completing the 2018 document. We suggest including any updates from the past year to enhance your submission. If you resubmit your 2017 case study, your 2018 chances of being selected as a finalist will not be influenced by the fact that you submitted in 2017. Please understand that if your 2017 portfolio company case study was selected as a finalist and/or the winner the previous year, 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 23 October 2018 in London.
  • Submissions must be received by 7 September 2018. Finalists shall be notified by 27 September 2018.

2017 Finalists

Seeing a gap in the Angolan market for affordable, high-quality healthcare, Vital Capital chose to make a greenfield investment in 2012—initiating, implementing, and overseeing the creation of Luanda Medical Center—in order to increase the availability of healthcare and diagnostic services in the country. Today, LMC serves over 7,000 individuals per month, of which approximately 75% obtain access to its services via commercial health insurance. Download the Luanda Medical Center case study.

Although India is a long-standing agrarian society—boasting the world’s second largest cultivable land base with approximately 90 million households directly engaged in agriculture—the country’s farm productivity remains well below global standards. India’s small-holder farmers face a confluence of factors negatively impacting their crop yields, including a lack of access to high quality inputs such as seeds, a rise in labor costs, prohibitively expensive technology and limited access to markets that could provide it with higher income. EM3 sought to devise a solution to help India’s farmers improve on-farm productivity in an efficient and affordable manner. Download the EM3 Agri Services case study.

At the time of ECP’s investment, Africa had significant power and water challenges due in part to large infrastructure gaps. In 2012, the African Development Bank reported that, with some national exceptions, 80-90% of the African population was not connected to a power grid and nearly 70% had no access to clean water. ECP saw an opportunity to help Eranove—which already had diverse and profitable assets—grow organically, become more efficient operationally and expand internationally. Download the Eranove case study.