1. Social Performance: Update for Investors May 10, 2011

2. Agenda Provide an update on the activities of the Social Investor Working Group Update on Principles for Investors in Inclusive Finance Solicit input for the agenda of the Investor Roundtable at the SPTF Annual Meeting

3. Four action groups were created within the Social Investor Working Group 1.Profiling microfinance investment vehicles 2.Tool sharing and harmonization 3.Country level analysis of market over- indebtedness 4.Microfinance investment vehicle ratings

4. Profiling microfinance investment vehicles Purpose Clarifying MIV intent, expectations on social performance, and risk-return profile Activities Drafted a proposed framework for disclosure on MIV intent to be integrated in reporting platform Consultation with action group raised questions about need for and usefulness of such a framework NEXT STEP: looking at social investor group for guidance

5. Tool sharing and harmonization Purpose Share tools on social performance screening, due diligence templates, and reporting templates used to collect SP data from MFIs, in order to improve and align them Activities Agreed to concentrate on creating a common core of 10 due diligence questions while add-ons can vary for every social investor and will not be harmonized for now Core questions should be based on SPTF Standards for Social Performance and IRIS SNS, Oikocredit, Cordaid and TJ working to identify and harmonize 10 common core questions in the due diligence process

6. Country level analysis of market over- indebtedness Purpose Explore how investors can tackle over-indebtedness and coordinate responses. Activities Blue Orchard convened discussions on Peru, at the REDCAMIF and Foromic meeting in 2010 NEXT STEPS?

7. Microfinance investment vehicle ratings Purpose Discuss a new framework for financial and social ratings of MIVs Activities Held kick-off meeting in November 2010 - reviewed and drew lessons from the pilot MIV rating project Conclusions: Agree on terms, disclosure and standards for what is “fair” or “responsible” Insist on transparency and MIV reporting Determine demand and sustainability possibilities for MIV ratings Education and Awareness Raising NEXT STEP: Integration of learning into development of assessment framework PIIF.

8. Agenda Provide an update on the activities of the Social Investor Working Group Update on Principles for Investors in Inclusive Finance Solicit input for the agenda of the Investor Roundtable at the SPTF Annual Meeting

9. Principles for Investors in Inclusive Finance

10. 1.Range of services 2.Client protection 3.Fair treatment 4.Responsible investment 5.Transparency 6.Balanced returns 7.Standards Principles for Investors in Inclusive Finance

11. Microfinance institutions Direct investors Investors (direct and indirect) PRIPIIF Client protection Principles MFTransparency CGAP MIV Disclosure Guidelines and SPTF IRIS PIIF

12. PIIF work stream activities Assessment PRI in Practice case studies PRI in person Webinars Working groups and networks Publications

13. PRI Core reporting indicators Hedge fundsThemedCommodities Entry for direct investors Entry for indirect investors Listed equity Infrastructure Fixed income Private equity Property Microfinance For reference, coloured ‘supplements’ will be developed for 2012 Possible framework entry and design

14. PRI defines reporting objectives and approach PRI reporting assistance and guidance development PRI data gathering tool development & communication Signatory specific transparency reports (Possibly) scoring/ benchmarking reports Outputs PRI data analytics tool PRI Report on Progress report Phase 1 Phase 2 Phase 3 PRI Core reporting indicators Hedge fundsThemedCommodities Listed equity Infrastructure Fixed income Private equity Property Microfinance Reporting framework outline

15. Agenda Provide an update on the activities of the Social Investor Working Group Update on Principles for Investors in Inclusive Finance Solicit input for the agenda of the Investor Roundtable at the SPTF Annual Meeting

16. Investor Roundtable at the 2011 SPTF Annual Meeting Date of Investor Roundtable: Monday June 20, 2011, 10:00-17:00 concluded by reception of Mayor Location: Den Bosch, Netherlands Agenda: Focus of roundtable is on responsible behaviour of MIVs and implementing PIIFs. We invite comments/ideas on draft agenda and potential contributions.

17. Participate in upcoming Social Performance Task Force webinars May 19, 10:00am: MIX Market, Presentation of Research on “Responsible” Growth and Returns May 18, 24, 25 in three time zones: Introduction to SPTF Universal Standards for Social Performance for MFIs – overview of proposed standards and explanation of SPTF comment period June 2: Introduction to the NEW SPTF website which provides overview of all resources available – Investor toolkit June 7, 10:00am: MIX Market, Research results on “Responsible Efficiency” and the “Integration of Social Performance and Financial Performance”