Oikocredit Canada Newsletter
August 2022

Oikocredit International Updates

 

Reflecting on 2022: 3 Articles for this Summer

Oikocredit has stayed busy this year. As we continue developing and implementing our 2022 – 2026 strategy under the direction of our recently formed Executive Committee, let us reflect on the progress we have made so far.

Here are three interesting articles we have written this year - a moment for us to celebrate our employees, our partners, and our positive social and ecological impact.   

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Oikocredit and ElectriFI support off-grid power for low-income Kenyans with Solar Panda

Oikocredit and the EU-funded Electrification Financing Initiative (ElectriFI) have agreed to co-invest US$ 4 million each in Solar Panda’s solar home systems benefiting low-income communities in Kenya. 

With this new collaboration, Solar Panda will use this investment to grow its product offerings, expand its footprint within Kenya (including into traditionally underserved counties), and set the stage for further expansion in Sub-Saharan Africa.

 

Read more >
 

Oikocredit invests € 2.7 million in Africa Negoce Industries to support Benin cashew value chain

Oikocredit has provided a credit line of € 2.7 million to Africa Negoce Industries (ANI), a cashew trading and processing company in Benin. 

ANI will use the new credit line provided by Oikocredit for procuring and storing raw cashew nuts and for processing the nuts into white cashew kernels for export. 

ANI works with upwards of 2500 farmers organized in federations of cooperatives, supporting farmers through a range of innovative resources, toolkits and programs.

Read more >
 

Oikocredit North America News and Updates

 

There is Always More Work to be Done!

Oikocredit Canada Support Association (OCSA) is led by a volunteer board of directors.

Though we know them professionally today, we dig deep and ask them some informal questions to get to know them better and learn more about their passions and hopes for the future.

Know your Director will be an ongoing blog series. 

This month we get to know OCSA director Karen Tsang.

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Impact News Roundup

Welcome to the new monthly North America Impact News Roundup, where Oikocredit Canada and Oikocredit US track the progress and challenges in building the impact investing industry.

Each month within the newsletter, you will see a section with information from the impact investing industry. 

Click here for more details. 

 

Canada Launches Emissions Offset Program to Spur Investment in GHG Reduction Projects

The Government of Canada recently announced the launch of a new greenhouse gas (GHG) offset credit system aimed at supporting the development and implementation of projects that prevent emissions or remove GHGs from the atmosphere.

The new program forms part of Canada’s 2030 Emissions Reduction Plan, the strategy unveiled by the government earlier this year to achieve the country’s interim climate goals, encompassing a broad range of initiatives from carbon pricing and clean energy expansion, to carbon capture development and zero emissions vehicle incentives. Canada introduced a goal to cut GHG emissions by 40% – 45% by 2030 last year, forming the first main step in the country’s pledge to reach net zero emissions by 2050.

Read the detailed article in ESG Today

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The Canadian Securities Administrators (CSA) may pause on climate disclosure

The Canadian Securities Administrators (CSA) were fast out of the gate with climate risk disclosure proposals, but their effort is being overtaken by tougher rules proposed in Canada and abroad. 

The CSA’s climate-related disclosure requirements, released for consultation in October 2021, attracted an avalanche of feedback, and the regulators have yet to land on final rules. In the meantime, those proposals have been surpassed by stricter efforts from the U.S. Securities and Exchange Commission (SEC), the newly formed International Sustainability Standards Board (ISSB) and, most recently, the Office of the Superintendent of Financial Institutions (OSFI).

The CSA may now decide to wait until the other regulators have crystallized their positions.

This article appears in the June 2022 issue of Investment Executive.

Read here >
 

Have you read the Annual Report?

Oikocredit published Annual Report 2021. In this report you can learn about the financial results for 2021 and reports on a successful year of rebuilding and rebalancing after the disruption of the Covid-19 pandemic.

Read more >
 
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