tanja havemann

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Measuring the impact of investments remains a main challenge for sustainable finance professionals and, together with Climate Change, an overarching theme at TBLI. Sixteen related workshops offer debate on ESG and Impact Investing trends, private equity, portfolio strategy, food production, emerging markets, sustainable energy or philanthropy investing.

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  • 1. INVESTINGINAGRICULTURALINNOVATION: JUMPINGTHEKUZNETSCURVE November2013www.clarmondial.com

2. Whyareyouhere?www.clarmondial.com 3. Kuznetstheoryofdevelopment SocietydemandsabeMerenvironmentasitgrowsEnvironmental degrada5on?Stageofeconomicdevelopment:IncomepercapitaBut,theglobalenvironmentalresourcestockisdiminishingrapidly,and doemergingeconomiesneedtogothroughthesamegrowthparadigm? www.clarmondial.com 4. Whyagriculture? Heavyrelianceonagriculturepar;cularlyamongruralpoor Improvedagriculturecanreducepoverty&s;mulategrowth Increasingpressureonlandforfood,fuel,ber,habitats Environmentalresourcebaseisbeingdegraded&altered Fordevelopingeconomiestogrow&prosperwithconstrained naturalresources,theyhavenochoicebuttojumpthecurve!www.clarmondial.com 5. Trendstohelpjumpthecurvewithinagriculture Mobile&RFIDtechnology Applica;onofbigdata Regionalinfrastructure&connec;vity Voluntarylabeling&cer;ca;on Urbaniza;on&growingmiddleclass Financialproductinnova;on RemiNances Innova;onsinagrisupplychains Legisla;on:Coopera;ves,collateraliza;on,standards, transparency,trade,foodsafety,marketliberaliza;on www.clarmondial.com 6. Example#1:ProducersthataggregateInvestorSmallholderfarmersNucleusFarmContractsthathelpsmallholdersgainaccessto exper;se,inputs,infrastructureandmarketswww.clarmondial.comSecuritytoinvestor/ buyerincreases 7. Example#2:Market&SupplyChainInfrastructureFarmerProductsgraded&receipts issued:Moreexibility& transparencytofarmers.Buyer Warehouses/Marketswww.clarmondial.comCentralpointofpurchase providesthebuyermore transparencyandchoice. 8. Example#3:Reliable&aordableenergyLand,wasteproductsGasier/ digester/solarEnergyREFacilityEnergy/ steam/heat/ by-productsAgri-facilityGridwww.clarmondial.com 9. Howtoinvest? TypePros Assetbacked Ina;onhedge Lowcorrela;ontoequitymarkets StablereturnsifwellmanagedConsDirectequityin landowner/ manager- - - -Tradenance/ produc;onloans- Poten;alforhigherreturns - Transac;oncosts - Lessriskyduetoshorter;meand - Diculttoassessrisk collaterals - O`enmissingbasicunderlying - Smaller;cketsizes infrastructure&informa;onListedequi;es linkedto agriculture- Liquid - Moreaccessible- LiNlechoicepar;cularlyin developingcountries - Abilitytoinuencemaybelow - TypicallyindirectexposureAgriproducts& technologies- Cangeneratehighreturns - Growingdemanddueto mechaniza;on,etc.- Rela;velynewsector, dominatedbylargecos - Regula;on&patentswww.clarmondial.com- - - -Med-lowreturns Illiquidasset/long-termview Poli;cal&reputa;onalrisk Larger;cketsize 10. Inves^ngtojumpthecurve Fitdependsonahostoffactors,including: Partners Risk/returnappe;te Dealsize,termandtransac;oncost Speedtoact/entrepreneurialism Non-nancialoutcomes Geographies Therightdealdependsonthepar^esinvolved,butwesee opportuni^esthroughoutthevaluechain. www.clarmondial.com