TTI Global Impact Awards
Finance & Web3: Our Awards Areas and Targets
Financial inclusion acts as an enabler of other developmental goals. Digital finance can benefit billions of people in the next decade and support inclusive growth adding $3.7 trillion to the GDP of emerging economies. In parallel, positive applications of blockchain technology are growing rapidly and Web3 is positioned to deliver measurable impact across all economic sectors.
The “Finance & Web3” category of the TTI Global Awards looks at how to transition the entire sector into a sustainable paradigm by expanding financial inclusion and leveraging new innovation within Web3 to enable quantifiable impact.
The award winner for 2022: Sun Exchange - a p2p solar panel leasing platform
1. Financial Inclusion
Target: Universal financial inclusion through technological services (e.g. fintech)
→ Metric: Number of unbanked or underbanked saved (# of people)
Target: Reach universal financial inclusion for individuals
→ Metric: Innovation of financial products, credit scoring methodologies, and operating and distribution models
→ Metric: Number of people provided with access to financial services (# of people)
→ Metric: Number of people transitioning from unbanked/underbanked to having a bank account (# of people)
Target: Reach the often financially excluded (women, racial and ethnic minorities, persons with disabilities)
→ Metric: Number of often financially excluded people provided with access to financial services (# of people)
→ Metric: Number of often financially excluded people transitioning from unbanked/underbanked to having a bank account (# of people)
→ Metric: Analysis of informed market research and a corresponding strategy
Target: Financial inclusion of small and medium-sized enterprises
→ Metric: % expansion to small enterprises graduating from microfinance (# of enterprises)
2. ESG Investing
Target: Conservation and sustainable use of oceans, seas and marine resources; Conservation of at least 10% of coastal and marine areas by 2030
→ Metric: Investment into research, protection and restoration of natural habitats
Target: Protection, restoration, and promotion of sustainable use of biodiversity and ecosystems
→ Metrics: Investment into sustainable forest management
Target: Availability and sustainable management of water and sanitation to all
→ Metric: Investment in water and sanitation infrastructure (including off-grid enterprise solutions)
Target: Action to combat climate change
→ Metric: Invest/raise finance for climate risk mitigation, resilience and adaptation strategies ($)
3. Distributed financial systems
Target: Democratized access to ecosystems of financial products
→ Metric: Ease of access, profit distribution, ecosystem decentralization and governance mechanisms
Target: Speeding up of financial liquidity
→ Metric: Limiting frictions in transfers of value
→ Metric: Minimizing blockages and bottlenecks
Target: Responsible use of resources and building of trust between actors
→ Metric: Traceability and transparency of actions
Target: Sustainable crypto mining
→ Metric: Using renewable energy
4. Financial Management
Target: Efficient management of the financing and monitoring of actions related to the SDGs
→ Metric: Use of blockchain technology alongside existing systems
Target: Speeding up of financial liquidity
→ Metric: Limiting frictions in transfers of value (use of blockchain technology)
→ Metric: Minimizing blockages and bottlenecks (use of blockchain technology)