The Object of the evaluation is the FFA program; its organization, its Theory of Change and its associated assumptions, and its results and impact.
The Objectives of the evaluation are:
A. Assessment of the extent to which the objectives were achieved / are likely to be achieved based on current progress on the level of realization of the key indicators (of the result areas of the FFA Program) after 2½ years of implementation; an estimation of the likelihood that the indicators / projected results will be realized by the end of the Program period (December 2022); identification of additional (unforeseen) results;
B. Assessment of the validity of the Theory of Change; what are the outcomes and what is the impact and to what extent did FFA contribute to achieving this? Are the assumptions of the program correct?
C. Concrete recommendations of actionable improvements in program implementation in order to achieve maximum results before the end of 2022, improve the efficiency, effectiveness, quality of the work and its impact on sustainable finance and ESG accountability in Asia. Special attention is to be given to gender aspects within the various methodologies and ways of working.
D. Strategic inputs for the future development of FFA, providing input for further development of the strategic plans for FFA, including a potential future funding strategy / proposal(s).
- A report in the English language with a maximum of 50 pages for the core part (excluding annexes, title page, and table of contents), structured as indicated in annex 2.
- An executive summary report of max 5 pages.
About the Organization
Oxfam is the implementing organization of the FFA program. Oxfam is a global movement of people who are fighting inequality to beat poverty together. We tackle the inequalities that make and keep people poor. We save and protect lives in times of crisis, work with people to build resilience and rebuild their livelihoods and, because we want lasting solutions, we campaign for genuine, durable change.
The Fair Finance Asia (FFA) program commenced in January 2018, and is scheduled to finish program activities in December 2022.
The program is predominantly financed by the Swedish Embassy in Bangkok. FFA aims to reduce inequality and enable vulnerable and disadvantaged communities throughout Asia to be the predominant focus of activities regarding sustainable finance, whether these activities are of governments or financial institutions. The main mechanisms the program utilizes is to advocate for these entities to improve the integration, regulation, and implementation of environmental, social, and governance (ESG) policies and practices to ensure that sustainable development and long-term stability are promoted throughout the financial sector in the region.
Fair Finance Asia, since it began in 2018, has worked to build country coalitions with like-minded civil society organizations within seven countries; Cambodia, India, Indonesia, Japan, the Philippines, Thailand, and Vietnam. As of the end of 2019, the regional network consisted of 25 civil society organizations working in a variety of specializations, including environmental conservation, human rights, and sustainable development. The FFA network aims to influence financial institutions to develop tangible commitments and action plans towards sustainable finance, enable regulators and governments to implement effective sustainable finance legislation and regulations, expand and strengthen alliances for promoting sustainable finance, and to promote widespread discourse about sustainable finance within Asia.
As the Fair Finance Asia program is entering its third year of implementation, an evaluation is being sought to understand the progress towards its overarching objectives in the first two and half years; to assist the Executive Team, country coalitions and implementing partners in comprehending the successes and challenges during program activities, to what extent outcomes within those countries can be attributed to the program, and how the networks’ systems and processes can be improved to better and/or more efficienlty effect meaningful change towards sustainable finance in Asia in subsequent years of program implementation.