Impact Investing in South East Asia Update 2020-2022

The report reveals that impact investing has significantly increased in the region over the past 15 years, with investors committing more than 67% of the cumulative capital invested in the ten-year period spanning 2007-2016 in just the current three-year period under review. PIIs deployed about 40% more capital across 40% more deals in the current three-year period compared to the prior three-year period (2017-2019). DFIs invested about USD 2 billion per year over the last six years, stabilizing after a steady growth from 2007 to 2016.

The report also highlights the diversity of the Southeast Asian impact investing market in terms of deal value and deal volumes. Indonesia continues to lead the region regarding deal volume, while Vietnam has replaced Indonesia as the top DFI investment destination. Thailand attracts the largest ticket-size deals in the region. Myanmar has seen a significant decrease in terms of deal value and volume.

Furthermore, the report indicates that GLI has grown significantly in the region over the last six years. Despite the economic impacts of COVID-19, seven times more capital was invested with a gender lens compared to the prior, pre-COVID, three-year period (2017-19). Notably, between 2007 and 2016, none of the DFI deals used an explicitly stated gender lens for capital deployment. Indonesia, Vietnam, and the Philippines combined constitute about 80% of GLI deals by volume.

The report provides valuable insights into the current state and trends of impact investing and GLI in Southeast Asia, highlighting the significant growth and diversity of the impact investing market in the region and the increasing importance of GLI.

Table of Contents

• 1 Executive Summary
• 2 Introduction
  • 2.1 Definitions
  •  2.2 Report scope
  • 2.3 Methodology
• 3 Impact investment activity in the region
  • 3.1 Overview of Impact Investing activity
  • 3.2 Development finance institutions
    • 3.2.1 DFI investment activity
    • 3.2.2 DFI deal sizes
    • 3 2.3 Sectors of investment by DFIs
    • 3.2.4 Trends in GLI
    • 3.2.5 Instruments used for investing
    • 3.2.6 Evolution of DFI investments in the region since 2007
  • 3.3 Private impact investors
    • 3.3.1 PII investment activity
    • 3.3.2 PII deal sizes
    • 3.3.3 Sectors of investment by PIIs
    • 3.3.4 Trends in GLI
    • 3.3.5 Impact of investor location
    • 3.3.6 Instruments used for investing
    • 3.3.7 Evolution of PII investments in the region since 2007
• 4 Gender Lens Investing (GLI)
  • 4.1 GLI investment activity
  • 4.2 Evolution of GLI (2007-2022)
  • 4.3 GLI deal sizes
  • 4.4 Sectors of Investment by GLI
  • 4.5 GLI investment strategies
  • 4.6 Instruments used for Investing
  • 4.7 Opportunities and Challenges
  • 4.8 Support needed to promote GLI
•  5 Country-wise Impact Investing Activity
  • 5.1 Indonesia
    • 5.1.1 Impact capital invested in Indonesia
    • 5.1.2 Sectors of investment
    • 5.1.3 Instruments used for investing
    • 5.1.4  Gender Lens Investing
  • 5.2 Philippines
    • 5.2.1 Impact capital invested in Philippines
    • 5.2.2 Sectors of investment
    • 5.2.3 Instruments used for investing
    • 5.2.4 Gender Lens Investing
  • 5.3 Vietnam
    • 5.3.1 Impact capital invested in Vietnam
    • 5.3.2 Sectors of investment
    • 5.3.3 Instruments used for investing
    • 5.3.4 Gender Lens Investing
• Annexure: Delta in 2019 deals between the updated database and 2020 database