Emerging Markets

Fit-for-purpose ESG integration for Emerging Markets VCs across Africa, Latin America and India.

Our work in three pillars

Building Blocks

Key building blocks are important for structuring any investor’s ESG process. Supported by FMO and BII and based on interviews with our emerging market community of VCs, we are releasing updates on some of the key ones starting with an exclusion list and term sheet clause templates in 2025.

These templates will help emerging market VCs to do the internal work to integrate ESG post-investment decision.

Emerging Market ESG Due Diligence Toolkit

To begin making ESG integration for VCs in emerging markets fit for purpose, we spoke to 50+ VCs and LPs to create a first-of-its-kind emerging market due diligence framework, or as we call it: ESG Universe of Issues.

This tool — customisable and usable online via this specific form — is the starting point for every good ESG due diligence; what are all the possible issues I need to think about? Which ones are material in this due diligence?

ESG Training

We have already trained 30+ VCs across Africa, Latin America, and Asia on the best practices of ESG integration since early 2024. Building on the Leading in ESG training we developed with key European LPs, this training is tailored to the needs of Emerging Markets contexts.

Our partnership with GIZ and the CATAL1.5°T Initiative already brought this training to Senegal and Mexico in 2024; in 2025, we are rolling it out further to other countries in Latin America and West Africa and will also be in India (in partnership with IIM Udaipur and BTGV). Stay tuned.

Emerging Markets Community

We organize quarterly online community gatherings, in-person ecosystem events, and speaker spotlights. All our resources are — free of charge — on our community Notion for you to access and use.

Reach out to us to do a community information call, receive our newsletters, get invited to quarterly calls, and learn from your VC/LP peers.