Impact
2024 Values Report.
SGGM Impact Reports
2024 Impact Report
We are pleased to share Sarona’s 2024 Impact Report, titled “The Sarona Global Growth Markets Private Equity Program 2024 Impact Report”, detailing our progress in driving positive social, environmental, and financial outcomes across global emerging markets.
2023 Impact Report
2022 Impact Report
Moving from conviction to action—
1. Our Belief Statement
We believe that applying social and environmental values to each investment decision builds a better world for current and future generations. We further believe that such values help generate strong businesses and strong financial returns.
2. Our Impact Mission
We will be an agent of change, helping to deliver prosperity for all:
- for all today – we will empower people
- for all future generations – we will tend the earth
3. Our Theory of Change
We aim to create deep, lasting impact by channeling capital to entrepreneurs in emerging markets. Our investments give life to SMEs and our private equity gives breath to growing businesses. These businesses drive trade, economic growth, poverty reduction, and community development.
But we must do more. Impact Investing 2.0 demands of us that we deliver long-lasting societal change by empowering business leaders to understand issues and implement strategies – such as understanding gender equality and implementing women’s empowerment strategies; understanding the challenges of smallholder farmers and building supply chains that include them.
Yes, we invest in companies. But our most important work is with investment industry leaders to deliver long-term systemic change. Of the thousand private investment firms in emerging markets, we partner with the best in class, adding business strength, and improving their social and environmental impact. It is these financial-sector leaders that will build sustainable companies for generations to come.
4. Our ESG & Impact Policy
Our policy sets out our internal expectation for action. We are focused, not only on mitigating risks related to ESG failures, but also to improve our companies’ positive impact. We seek therefore, to move beyond minimising the negative to enhancing the positive, from compliance to engagement.
5. Our Social & Environmental Management System
Our management system includes processes and models to assess and improve our impact, from due diligence through investment and management. For each investment we assess, and develop an impact improvement plan. We also partner with advisors to help deliver programs to investment leaders and investee companies: innovation support, gender-equality strategies and climate action.
Because we are far from done, this is a work in progress.
6. Our Measurement & Reporting
Our mission is guided by the Sustainable Development Goals, focusing on:
Gender
Empowering women
Earth
Improving environmental outcomes
Livelihoods
Creating and improving employment
Integrity
Improving governance
Social
Building communities
2023-2017 historical Values Reports
ESG Policy and ESG Grievance Process
Sarona’s Environmental, Social, and Governance (ESG) policy can be accessed here. For addressing any related concerns, we have also implemented an ESG Grievance Process.
Our Community
2X Global
2X Global is an international membership network dedicated to mobilizing gender-smart capital at scale. Bringing together investors, capital providers, and intermediaries across public and private markets in both developed and emerging economies, 2X Global works to expand access to financing for women entrepreneurs, business owners, and leaders. The network also supports businesses that create quality employment for women and deliver products and services that advance women’s economic participation.
AVPN
AVPN is a unique funders’ network based in Singapore committed to building a vibrant and high impact social investment community across Asia. As an advocate, capacity builder, and platform that cuts across private, public and social sectors, AVPN embraces all types of engagement to improve the effectiveness of members across the Asia Pacific region.
The core mission of AVPN is to increase the flow of financial, human and intellectual capital to the social sector by connecting and empowering key stakeholders from funders to the social purpose organizations they support.
With over 600 members across over 35 markets, AVPN is catalysing the movement towards a more strategic, collaborative and outcome focused approach to social investing, ensuring that resources are deployed as effectively as possible to address key social challenges facing Asia today and in the future.
Canada Forum for Impact Investment and Development (CAFIID)
CAFIID is a Canadian community of individuals, organizations and investors working in developing countries who treat social and environmental impact and financial return as coexisting priorities. Collectively, CAFIID members combine many years of collaboration and engagement with a track record of innovation in structuring and funding impact investment products, designing and delivering technical assistance, and promoting sustainable investment ecosystems.
Certified B Corporation™
Sarona is proud to be a Certified B Corporation™. B Corps meet rigorous standards of social and environmental performance, legally expand their corporate responsibilities to include consideration of stakeholder interests, and build a collective voice through the B Corporation brand. Sarona is currently a Best for The World: Overall Honoree
Emerging Markets Investors Association
The Emerging Market Investor’s Association was founded to provide a central hub for information, education, and networking for investors and investment professionals in emerging markets. Member firms participate in an exchange of industry knowledge and best practices.
Global Impact Investing Network
The Global Impact Investing Network (GIIN) is a not-for-profit organization dedicated to increasing the scale and effectiveness of impact investing. Impact investments are investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact, alongside a financial return.
Joint Impact Model
The Joint Impact Model (JIM) is an open-source tool that helps estimate the economic and climate impacts of investments—such as job creation and financed greenhouse gas (GHG) emissions. Trusted by development finance institutions and impact investors worldwide, JIM offers a consistent, data-driven framework for measuring indirect impact across portfolios. Sarona has been a member since 2024, applying the model to strengthen transparency and rigor in our impact reporting.
Operating Principles for Impact Management
In the spring of 2019, IFC developed the Operating Principles for Impact Management. Signatories to the principles are impact investors that publicly demonstrate their commitment to implementing a global set of principles for managing investments for impact. Sarona became a signatory to the principles in June 2019. Sarona’s disclosure statement is available here. Sarona’s independent verification statement to its disclosure statement is available here.
PRI
The United Nations-backed Principles for Responsible Investment Initiative (PRI) is a network of international investors working together to put the Six Principles for Responsible Investment into practice.
RIA
The RIA is Canada’s investment industry association with a purpose of entrenching responsible investment (RI) in Canada’s financial ecosystem. The RIA’s membership includes asset managers, asset owners, advisors and service providers. Institutional members collectively manage over $45 trillion in assets globally. Learn more at www.riacanada.ca.
Singapore Venture & Private Capital Association (SVCA)
The Singapore Venture & Private Capital Association (SVCA), established in 1992, is dedicated to promoting the growth and interests of the private capital industry. As the unified voice of the private capital ecosystem, encompassing institutional investors, family offices, asset managers, and service providers, SVCA advocates for the collective interests of its members and contributes to positioning Singapore as a premier global hub for private capital fund management. By engaging in proactive outreach, fostering collaboration, and expanding our membership base, SVCA aims to cultivate a dynamic private capital ecosystem in the region, leveraging the power of private capital to achieve sustainable development goals.