Leonardo Letelier, Harvard MBA and consultant at McKinsey for 10 years in different countries, realized he should use his business and finance expertise to help to change social realities in Brazil.
After two years of preparation and research, Leonardo reimainged Finance as a force for good and started operations for what would become SITAWI, which would be founded the following year.
Foundation of SITAWI and structuring of the Social & Environmental Loan
First Social &Environmental Loans for Solidarium, Caspiedade and Davida.
Invitation to take part in the Clinton Global Initiative (CGI) and certification as OSCIP.
Awarding of the beyondBanking prize from the Inter-American Development Bank
Article in the Stanford Social Innovation Review and creation of new product, Philanthropic Fund Management for Families and Business. First Client: USAID and +Unidos
Expansion of focus to the Finance for Good, including a Sustainable Finances program. Resumption of Business & Impact activities.
Nomination of the joint Executive Directorship of for the Social Finance Taskforce. Ecomudanca/Itaú Fund follows SITAWI’s lead by incorporating loans in its social investment strategy.
Creation of the Philanthropic Culture Program and leadership on Green Bonds and Social Impact Bonds in Brazil. Gustavo Pimentel, Director of Sustainable Finance, was named the best ESG analyst to investors by Independent Research on Responsible Investment (IRRI), the most important ranking on ESG Research/Responsible Investment globally. Along with the Institute of Entrepreneurial Citizenship (ICE), we joint Executive Directors of the Brazilian Social Finance Taskforce, of which we were part until 2017.
ABCR Award for Most Transparent Organization and A+ Seal in Transparency and Management from Instituto Doar.
Leading position on Independent Research in Responsible Investment (IRRI) ranking and recognition as one of the best social organizations in Brazil. The Best NGOs Award placed SITAWI in the list of Brazilian NGOs that stand out for their transparency, efficiency, quality of management and good governance practices in theirs areas of activity.
Through its Sustainable Finance Program, SITAWI has been awarded the B Corp Certification and has joined the group of “good companies for the world”. And, for the second consecutive year, SITAWI was placed as one of the 100 best NGOs in Brazil.