Megan Smith, LAVCA
LAVCA Announces Eighth Annual ESG Deal Award Winners
Institutional Investors Select Valor Capital Group, Advent International and Aqua Capital for Social, Gender & Diversity and Environmental Categories
New York, March 9, 2022 – The Association for Private Capital Investment in Latin America (LAVCA) today announced the winners of the Eighth Annual ESG Deal Awards to recognize outstanding investments by fund managers in the region, specifically targeting environmental, social and gender diversity initiatives.
About the LAVCA Eighth Annual ESG Deal Awards:
Valor Capital Group received the 2022 Social Responsibility Award for their investment in Dolado. Dolado provides micro entrepreneurs in Latin America with access to technology tools to sell their goods and services online, procure inputs from suppliers and manage their overall business finances. Dolado supports micro entrepreneurs in underserved regions outside metropolitan areas, where access to technology and information is scarce. To date, the company has onboarded more than 18,000 merchants.
Advent International received the 2022 Award for Gender & Diversity for their investment in CI&T. CI&T is an end-to-end digital transformation company that provides strategy, design and software engineering services. The company creates equitable growth opportunities and workforce development experiences for underrepresented groups including women, Black people, members of the LGBTQIA+ community and people with disabilities. As of 2020, 35% of CI&T’s employees were from underrepresented groups. CI&T listed on the NYSE in November 2021.
Aqua Capital received the 2022 Environmental Responsibility Award for their investment in Biotrop. Biotrop provides innovative solutions to enhance agricultural productivity through low-cost, high-ROI, biological-based products such as inoculants, biostimulants and biopesticides. These products allow for the production of healthy foods while reducing the required arable land, replacing the use of harmful chemicals and avoiding GHG emissions. From 2018 to 2021, the company reduced the use of chemical fertilizers by more than 10,300 tons for a total reduction of 37,300 tons in CO2 emissions.
Dalus Capital received the 2022 Environmental Responsibility Honorable Mention for their investment in Algramo. Algramo is a technology platform that allows consumer goods companies and retailers to dispense products in reusable smart packaging, cutting costs on basic consumer goods for end customers and reducing consumption of single-use plastics. Since 2019, Algramo has saved six million liters of water and avoided the emission of eight metric tons of CO2 through the reuse of 250,000 packagings.
The winners of the LAVCA Eighth Annual ESG Deal Awards were selected through a rigorous evaluation process by a distinguished panel of institutional investors comprised of development finance institutions, pension funds and funds of funds.
LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean. LAVCA’s membership is comprised of over 200 firms, from leading global investment firms active in the region and local fund managers to family offices, global sovereign wealth funds, corporate investors and international pension plans. Member firms control assets in excess of USD65b, directed at capitalizing and growing Latin American businesses. Visit lavca.org for more information.