Svasti Microfinance demonstrates a “good” alignment to the Sustainable Development Goals
In line with our mission to pursue a positive impact by making the Right to Finance a reality for all, Svasti Microfinance Private Limited concluded a 3-year rating partnership with the German impact investing company “Agents for Impact”. The partnership ensures annual assessments of sustainability performance using the Agents for Impact Sustainability Rating Tool (AFISAR©).
According to the AFISAR© conducted for FY 2021, Svasti obtained a Rating of “B+” based on a score of 71% (above threshold). This result shows that our institution and operations are well aligned to the Sustainable Development Goals (SDGs), while we remain committed to enhancing our approach and practices even more.
Agents for Impact (AFI) - Driving positive impact… Together!
Founded in 2018, Agents for Impact is a Germany-based impact investing company, with Agents spread globally, including in India. The company offers premium impact investment solutions, sustainability consulting, and impact measurement services tailormade for clients in the sustainable finance industry. We provide our partners with a combination of expertise and experience across the following three pillars: RISK – RATING – RESEARCH. Together with these partners, AFI pursues positive impact, contributing to the achievement of the SDGs as the common reference framework for sustainable development.
The Agents for Impact Sustainability Alignment Rating (AFISAR©) Tool assesses a company’s alignment to the SDGs, using a comprehensive set of sector-specific, qualitative/quantitative indicators at the institutional and portfolio levels. Thereby, the Tool responds to the increasing market demand for higher quality impact data. Following a holistic yet pragmatic approach, the AFI Rating Team analyses positive and negative impact as well as various sustainability risks. The annual rating results serve as a starting point for helping each company strengthen its sustainability performance (impact management), also by offering benchmarking to other organisations.
You may find more information about AFISAR© here.