Oikocredit Canada Newsletter
April 2022

Oikocredit News and Updates

 

Financial results for 2021: achievement and recovery

Oikocredit announced its financial results for 2021 and reports on a successful year of rebuilding and rebalancing after the disruption of the Covid-19 pandemic.

Results highlighted include a net profit of € 15.3 million, overturning the previous year’s net loss, and resumed growth of incoming capital, development financing and consolidated assets. As markets in the cooperative’s focus countries generally recovered, the results were in line with expectations and owed much to investors’ loyalty, staff commitment and partners’ resilience.

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Q4 2021 quarterly report: facts and figures

Four times a year Oikocredit publishes key facts and figures on the previous quarter. Here we provide our investors and others with additional background context on developments during the fourth quarter of 2021.

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Gwen van Berne appointed Director of Finance & Risk

Gwen van Berne has been appointed as Director of Finance & Risk from 9 May 2022. 

Gwen has 23 years’ experience in the financial services sector and was the former Chief Financial Officer of RIPE NCC, an internet registry that supports internet operations across the globe.  

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What's Happening in North America?

 
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Alignment: Using Your Values to Invest in Social Change

Watch or listen to the Episode 9 of the series, Alignment: Using Your Values to Invest in Social Change. In this episode, the Oikocredit CEO Matt Eldridge interviews special guest Laina Greene, Founder and CEO of Angels of Impact. 

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Benchmarking social impact: How investments can improve communities

When it comes to sustainable investing, the asset management industry has historically focused on the “E” and “G.” The movement towards measuring companies’ environmental footprints is highly visible, with public commitments to net-zero emissions coming from investors of all shapes and sizes, asset managers, and corporations alike.

However, measuring social impact in investments is just as important to the financial industry and global conversation around creating a more sustainable world. 

Read the article published in RiA 
by Anna Murray, SLC Management.  The author highlights the need to invest in a way that not only considers the environment, but also people and communities.

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Canada issues inaugural $5 billion green bond

The Government of Canada announced in later March the completion of its inaugural green bond offering, raising C$5 billion to help finance the country’s investments in green infrastructure and other climate and environmental protection-related projects.

According to a government statement, demand for the bond was strong, with the offering more than 2x oversubscribed, drawing an order book of more than $11 billion. Environmentally and socially responsible investors represented 72% of the buyers, with international investors making up 45% of the investor base.

Read the complete article published in ESG Today. 

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Have you read the Impact Report?

Oikocredit published its Impact Report 2021. In this report you can learn all about Oikocredit’s social impact: how we measure it, what this looks like in our focus sectors and regions, our capacity building support and more.

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