Principles for Investors in Inclusive Finance (PIIF)

Español | Français | Deutsch

The PIIF provide a framework for responsible investment in inclusive finance.

Download a copy of the Principles | 日本の | 한국의 | Português

Inclusive finance includes but is not limited to microfinance. It focuses on expanding access to affordable and responsible financial products and services by poor and vulnerable populations. This also includes organisations that are often unable to gain access to financial products and services such as micro- and small-enterprises. A wide range of financial products and services are incorporated within the remit of inclusive finance including savings, credit, insurance, remittances, and payments.

Click here for a compendium highlighting how founding signatories are implementing the Principles. The report explains the seven Principles in more detail and provides links to further guidance and toolkits available to investors exploring responsible investment in inclusive finance.

The PIIF were developed in response to growing interest in  inclusive finance and demand for investor guidance. They are an initiative of investors and Her Royal Highness Princess Máxima of the Netherlands, the UN Secretary-General’s Special Advocate for Inclusive Finance for Development. The group developed the PIIF together with Principles for Responsible Investment (PRI), the World Bank’s Consultative Group to Assist the Poor (CGAP), and key industry players. They were launched on 27 January 2011 at the Responsible Finance Forum hosted by the Dutch Ministry of Foreign Affairs. Download the full report

The Dutch Ministry of Foreign Affairs has provided a generous grant of seed funding to enable the PRI initiative to establish the PIIF.

The PIIF are housed within the PRI Association as a distinct work stream, as the PIIF are one way for investors in inclusive finance to implement the six Principles for Responsible Investment. As such, signatories are requested to sign the Principles for Responsible Investment as well.

Current signatories to the PIIF are listed below:

Absolute Portfolio Management GmbH
Accion Investment
Achmea
Alterfin
ASN Bank
APG
Bamboo Finance
BlueOrchard
Calvert Foundation
Cordaid
Creation Investments Capital Management
Developing World Markets
Dutch Microfund
FMO
Finance in Motion
General Board of Pension and Health Benefits United Methodist Church
GLS Gemeinschaftsbank eG
Goodwell Investments
Grassroots Capital Partners Ltd
HIVOS
ICCO
Incofin Investment Management
ING Groenbank
Leger des Heils
Luxembourg Microfinance and Development Fund
MICROFIS 
Microvest Capital Management
Minlam Asset Management
MN Services
Municipality of Eindhoven
Nedlloyd Pension Fund
Norwegian Microfinance Initiative (NMI)
Oikocredit
Oxfam Novib
Pax World
Pensioenfonds Vervoer
Pensioenfonds Zorg en Welzijn (PFZW)
Pensionfund of the Ministers in the Protestant Church in the Netherlands
PGGM
PNO Media
Reaal
responsAbility Social Investments
Sarona
SNS Asset Management
SNV
SPF Beheer
Stichting Pensioenfonds ABP
Stichting Pensioenfonds SNS Reaal
Strømme Microfinance AS
Symbiotics
TIAA-CREF
Triodos Investment Management
Triple Jump