Climate Policy Initiative (CPI), an analysis and advisory organization with deep expertise in finance and policy, is the Secretariat of the Lab. The mission of CPI is to help governments, businesses, and financial institutions drive economic growth while addressing climate change. CPI has six offices around the world in Brazil, India, Indonesia, Kenya, the United Kingdom, and the United States.

CPI is known as a leader in tracking sustainable investment trends, identifying innovative business models, and supporting the solutions that can drive a transition to a low-carbon, climate-resilient economy. We are unique in our focus on finance, our ability to get the right people to the table, and our analytical rigor.


The Global Innovation Lab for Climate Finance (The Lab) is a public-private initiative that identifies, develops, and launches cutting-edge climate finance instruments. It aims to drive billions of dollars of private investment into climate change mitigation and adaptation in developing countries.

Since launching in 2014, The Lab and its initiatives have successfully launched 49 new innovative financial instruments, have been endorsed by the G7 and collectively attracted over USD 2.4 billion in seed capital through the instruments that were endorsed by the Lab Members. The Lab’s annual impact report highlights the progress and key milestones achieved so far.

In 2018, with support from the International Fund for Agricultural Development (IFAD), the Lab set up a thematic stream dedicated to financial ideas focusing on Sustainable Agriculture for Smallholders. Three instruments were endorsed by the Lab as part of this stream: The West African Initiative for Climate Smart AgricultureBlockchain Climate Risk Crop Insurance and TerraFund – Rural Prosperity Bond. In addition, as part of the regional Lab streams and in previous years, 10 more instruments focusing on sustainable agriculture or land use went through the Lab. Also in the current Lab cycle, running up to September 2021, two more land use financial instruments are being developed. In total, 16 Sustainable Land Use and Agricultural financial instruments have been incubated by the Lab (full list as mentioned below).


This assignment is to design a methodology for the assessment of environmental, climate and socio-economic impacts of Lab instruments focused on agriculture, forestry and other land uses.


While the environmental and socioeconomic ex-ante impact assessment is part of the Lab analytical process, this is particularly challenging to complete for instruments focusing on agriculture and more generally land use, due to various reasons among which: on the ground data availability; differing resources for data related to agriculture; high variability of estimates depending on local context; and diversity of value chains that can be targeted by a specific instrument.

Additionally, due to the diversity of financial instruments in terms of value chains and geographies, the indicators and metrics used in impact assessments vary across instruments, making it challenging to aggregate estimated impact at the Lab program level.

With these considerations in mind, the Lab Secretariat is looking to contract a consultant that will work in consultation with Lab analysists to design a methodology (with guidance in the form of a workshop) to be utilized by the Lab for future instruments as well as potentially endorsed instruments at pilot stage in their ex-ante climate/environmental and socio-economic impact assessments. This methodology is intended to be based on best practices and latest developments in the field. As much as possible, the framework defined during the Lab process is also aiming to help set the basis for impact monitoring and MRV (Monitoring, Reporting and Verification) systems of the financial instruments, thus helping to estimate ex-post impacts at the instrument level. This in turn will allow aggregation of data on impact at the level of the Lab.


Output 1a: Operational framework for environmental/climate and socio-economic assessment of financial instruments, including variables, indicators and metrics to be used for each type of land use activity that can be targeted by Lab instruments. The metrics should as much as possible be also converted into monetary terms.

Land use activities targeted by Lab instruments include:

  • sustainable agriculture: crops, livestock and fisheries/aquaculture,
  • sustainable forestry: forest management, afforestation and reforestation.

The framework should also:

  • Build a theory of change or justification linking environmental and climate impact to socio-economic benefits e.g. how ecosystem resilience contributes to improving farmers’ climate resilience and livelihoods.
  • Suggest how the framework can be used to set up the instrument’s MRV and M&E system, considering monitoring challenges that are characteristic to agriculture/land use focused financial instruments.
  • Suggest how the framework can be used to aggregate impact at the Lab program level (from the entire portfolio of Lab-endorsed instruments).
  • Align with the Lab theory of change, impact assessment framework and relevant indicators that are being developed through a parallel assignment.

The framework must be based on:

  • Review of best practices currently used by other organisations or financial instruments
  • Review of Lab instruments’ analysis reports and the impact assessment methods used by those
  • Brainstorming session with the Lab leadership team and consultations with Lab analysts

In addition, the framework should include recommendations for how the Lab can better obtain information and data from Lab proponents for completing impact assessments. These recommendations can potentially apply to the selection phase of the Lab process.

Format: The consultant should present the framework in Word or Power Point format, with a length of 10-15 pages including supporting graphs and tables. Findings from the above mentioned reviews and consultations are to be summarized in an annex to the Framework, which should be clearly referenced.

Output 1b: Comprehensive list of data sources that can be used for each one of the indicators in order to quantify instrument impacts, such as GHG sequestration potential, yield increases depending on climate smart agriculture practices used, crops and geography etc.

Format: The list should be in Excel or Word format and include brief a description of each data source, applicability by instrument subsector, website link.

Output 2: A small workshop (up to 10 Lab participants) for Lab analysts based on the information collected and consultations completed. This workshop will complement the framework and data sources list, and act as an “introduction” to impact assessments for Lab analysts. The idea is for the material presented in this workshop to be used by analysts in the current 2021 Lab cycle, for which the environmental/social impact assessment is to be completed by mid to end July 2021. This workshop will use some of the information to be compiled in the framework, providing a methodology that can be used to assess impact, as well as possible indicators.

NB. Output 1a and Output 1b must be consistent. The framework suggested must be actionable with data sources suggested in Output 1b.


  • 18 June 2021 : Contract signature and project kick-off
  • 18 June – 14 July 2021 : Documents reviews, brainstorming session with Lab leadership team and consultation with Lab analysts
  • 15 July 2021 (TBD) : Output 2: Workshop for Lab Analysts
  • 20 July 2021 : 1st Draft of the framework and data sources list
  • 13 August 2021 : Feedback from the Lab
  • 31 August 2021: Final version of Output 1 submitted to the Lab


  • Education/Training: Masters degree or equivalent in finance, economics, sustainable development/agriculture, or other relevant subjects.
  • Language: Excellent business language skills in English are mandatory.
  • General professional experience: at least 5 to 7 years of professional experience in or with international development organizations, consulting, research institutions, policymaking and/or advice, or financial institutions.
  • Specific professional experience: Proven publications/activity in the impact investing for agriculture field: The consultant must be able to demonstrate experience in sustainable agriculture development, climate finance, and impact assessment of financial instruments or projects. Strong analytical skills and working experience with crisp, concise writing.


The consultant will be hired by CPI in its role as Secretariat of the Lab from June 18, 2021 (or sooner if possible), to 30 September 2021 the latest (for a maximum of 40 working days).


The service provider will organise regular exchanges with the Lab Secretariat and the contact person will be provided upon the start of the contract.  All work is expected to be conducted virtually.


Click here to submit your proposal on the website. With your application, attach two documents in English: (1) An up-to-date CV of the proposed Contractor and (2) a cover letter outlining how the Contractor’s skills and expertise align with the above criteria, and your consultancy rate.

The deadline for submitting your application is midnight Tuesday 15th June. Applications will be assessed on a rolling basis, so we encourage applicants to submit at the earliest opportunity.

Only short-listed proposals will be contacted.


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