“Exemplification of industry best practice…advanced level of alignment across all nine of the impact principles”
— BlueMark (formerly Tideline), Independent Auditor
LeapFrog is ranked A+
in the United Nations Principles of Responsible Investment
Only 4% of Asia-focused and 6% of Africa-focused private equity firms achieved this rating
Operating Principles for
LeapFrog’s decade of experience in impact measurement led to the co-creation of and support for the Operating Principles for Impact Management issued by the IFC and World Bank Group. The nine principles were created to set a basic market standard for impact investing. They will serve as a guide to deployment of capital by institutional investors – including pension and sovereign funds, insurers and banks, endowments and family offices. The impact investment market stands at $228 billion today, a five-fold increase from the 2016 launch of the UN Sustainable Development Goals.
“LeapFrog has integrated impact considerations in a consistent manner throughout its investment process, supported by clear decision-making protocols and standardized documentation. The process has been refined and strengthened over the course of several funds.”Tideline – Independent Auditors
The Operating Principles for Impact Management arose from the need to have common disciplines for management of investments for impact, helping to ensure authenticity and high standards of measurement by creating guidelines against which impact management systems of funds and institutions are assessed.
LeapFrog was one of the external members of the consultation group that designed the Principles and became a founding signatory to the Principles in April 2019. An independent impact verification was completed by Tideline, a leading impact investing consultancy, in September 2019. Tideline concluded: “LeapFrog’s IM system demonstrates an advanced level of alignment across all of the Impact Principles.”
Globally, LeapFrog’s was the first independent impact audit ever completed and announced against these agreed principles. The audit applies across every LeapFrog fund, rather than to one or another fund in a larger suite of funds not dedicated to impact investing.
Leapfrog’s Annual Disclosure to the Operating Principles of Impact Management:
Tideline’s INDEPENDENT verification summary and statement:
Operating Principals for Impact Management
LeapFrog’s Responsible Investment Code
Our Responsible Investment Code sets out the overarching policy, standards and guidelines that enable LeapFrog and our portfolio companies to deliver both financial and social results by incorporating best practices across environmental, social, governance and impact management.
We assist and support our portfolio companies to adopt the Code for the effective and on-going management of the risks and opportunities they face. In recognition that best practice evolves over time, the Code is regularly updated.
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