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We need to shift from a complex,
diverse set of standards and structures

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into something that's a bit more
homogeneous and that creates a bit of

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liquidity and structure. And, frankly,
in reporting and outcomes that allows us

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to scale up.

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Mitch, thank you so much for joining us.

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Talk to me about standardization in
blended finance.

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when it comes to a just transition.
Right now, there is, we know,

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a material funding gap to support the
SDGs,

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compounded by the fact that there is a
withdrawal of ODA capital,

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which means we need to scale up.

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And to scale up,
we need to shift from a complex,

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diverse set of standards and structures
into something that's a bit more

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homogeneous and that creates a bit of
liquidity and structure.

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And, frankly,
in reporting and outcomes that allows us

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to scale up.

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So, for example,
working toward a handful of models for

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the structure of blended finance
solutions.

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We've seen this in the structured market
for CLOS and ABS that could port very

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nicely into blended finance.

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And on the reporting side,
pivoting toward a set of standards that

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everyone from the beginning of these
structures―investors,

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all stakeholders at the design stage―can
adhere to,

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allows for everyone to be aligned and to
move forward.

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How will this help drive

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outcomes?

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Well, the way it will help drive

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outcomes is it that we'll pivot from a
market of subscale to scale.

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And the more scale we have and the more
capital that flows into addressing the

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SDGs will lead to greater positive
outcomes from both environmental and,

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of course,
the inexorably linked social factors as

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well, including just transition.

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What role can asset managers play in
pushing this forward?

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So the role that asset managers can play
in this is at the design stage.

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So greater communication with asset
owners to simplify what seem like fairly

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compact complex structures,
now will come from a more standardized

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process.

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That's one. Number two is present,

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again,
the standardized set of impact outcomes.

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So that's easily understood what the
objectives are from the beginning from

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both the financial perspective as well as
a sustainability or impact framework as

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well.

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Thank you so much.

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Thank you, Lisa.

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Great, great conversation.