1 Eligible Applicants are unlisted entities, typically young companies with limited resources, that are initiating their first or second institutional vehicle, with the objective to advise and/or manage this vehicle. Managed accounts, SPVs, and pilot vehicles with limited AUM are not considered institutional vehicles. If the Applicant is part of a group of companies, i.e., multiple companies which are directly or indirectly controlled by a controlling entity, eligibility will consider on a group basis. Consortiums of non-eligible entities can be considered eligible if the parties are in process of establishing an eligible entity, subject to the group-level considerations.
2 Applicants undertake to prepare, at least, an impact or an Environment and Social (E&S) report, and, in addition but not limited to, CSR/sustainability guidelines/policy, annual CSR/sustainability report, engagement policy, active ownership policy, etc. published at the level of the Applicant or at the level of its group. Applicants will be subject to Accelerating Impact’s General Terms of Business and General Code of Conduct (https://www.acceleratingimpact.org/our-policies).
3 Recognized responsible investment frameworks such as, but not limited to, the United Nations Principles for Responsible Investment (UN PRI) and the Operating Principles for Impact Management (OPIM).
4 The notion of measurable impact refers to the ability to quantify and assess the outcomes using recognized frameworks and methodologies which may include, but not only: the Impact Reporting & Investment Standards + (IRIS+), the Theory of Change, the (Inclusive Finance) Universal Standards for Social and Environmental Performance Management by Cerise+SPTF, Impact Measurement and Management by Impact Europe.
5 For a Project that is not subject to the SFDR, this requirement will be assessed on the basis of the Project’s legal and reporting documentation, and its non-financial objective described therein.
6 Social impact themes are defined according to the classification defined in the Social Investment Framework created by Accelerating Impact and LuxFLAG. Please see https://www.isfa.lu/our-eligible-areas.
7 Please see https://www.oecd.org/dac/financing-sustainable-development/development-finance-standards/daclist.htm.