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The report examines the role of risk mitigation and transfer (RMT) instruments in supporting utility-scale wind and solar projects in East Africa. Through six case studies, it finds that while RMT tools—such as political risk insurance, guarantees, and blended finance—are essential for reaching financial close, risks remain high due to macroeconomic instability, currency volatility, and utility financial strain. The analysis highlights a 'start-stop cycle' in countries like Kenya, where rapid deployment led to overcapacity and subsequent government moratoriums on new contracts. Conversely, the GET FiT program in Uganda is presented as a successful model of systematic de-risking through transparent procurement and institutional support.

The report explores the integration of systems thinking into asset management to better assess sustainability impacts. It identifies six key dimensions of systems thinking—considering multiple sustainability dimensions, both positive and negative impacts, indirect effects, co-benefits and trade-offs, long-term perspectives, and the scale of impacts. The study finds that while there is interest among 'front runner' practitioners, the finance sector's reliance on quantitative, aggregated data and short-term horizons creates a significant barrier to operationalizing a systems approach. The authors argue that improved, standardized, and audited company reporting, particularly through EU regulations like the CSRD and EU Taxonomy, is essential to provide the data necessary for effective systems-level analysis.

The report examines the challenges facing sustainable investing due to substandard ESG data, highlighting issues such as lack of standardization, poor coverage, and a specific inability to quantify physical climate risks. Based on interviews with investment practitioners managing $5.2 trillion in assets, it argues that while disclosure frameworks like TCFD and SASB are improving the landscape, investors still lack the granular asset-level data and standardized methodologies required to translate sustainability metrics into financial materiality. The document proposes several solutions, including the development of a Physical Resilience Protocol and the use of geospatial data to fill context gaps in corporate reporting.

The report examines the challenges of scaling up and replicating social and environmental enterprises, contrasting the 'large scale' goals of international donors with the modest growth ambitions of local entrepreneurs. It identifies a gap in recognition and reward programmes, which often act as catalysts but lack proactive strategies to create the enabling environments necessary for systemic transformation. Based on SEED award winners, the report warns that forced scaling can risk over-extension or environmental degradation and recommends tailored support, longer-term engagement, and peer learning to foster sustainable growth.