Enabling Qapital Annual Insights on Our Impact and Strategy

2026 Sustainability Report

This Sustainability Report explores how EQ navigates the evolving relationship between capital, impact, and sustainable development in an increasingly complex world.

Financial inclusion, climate resilience, and gender equality remain central to our investment approach, alongside a continued focus on investment discipline, ESG integration, and measurable outcomes. As impact investing evolves, we believe that long-term credibility depends not only on the scale of capital deployed, but on the quality of decisions, the strength of institutions, and the durability of results.

Throughout this report, we examine how these principles are applied across our strategies, from strengthening investment governance and portfolio oversight to advancing gender inclusion, clean cooking, and sustainable fixed income. Together, these efforts reflect our commitment to aligning financial performance with meaningful social and environmental outcomes.

As the investment landscape continues to evolve, our focus remains unchanged: deploying capital responsibly, measuring what matters, and contributing to more inclusive and resilient economic systems.

2025 Sustainability Report

We see our Sustainability Reports as more than disclosures - they’re moments to reflect, engage, and remain accountable. Each year, we share how we integrate ESG principles across our operations, investments, and industry engagement, guided by our strategic sustainability framework.

Our 2025 report marks an important milestone, reflecting not only on the past year but also on the significant progress we've made since our inception in 2020. It showcases our growing achievements in financial inclusion, gender equity, and climate resilience, while underscoring the increasing relevance and impact of our investment mandates. Through concrete metrics – such as staff growth and expanded borrower outreach – we demonstrate the strong momentum we’ve built.

A special highlight this year is the launch of our Gender Strategy Toolkit, a free and practical resource designed to support financial institutions and other stakeholders in advancing gender-lens investing. We also share how we supported an African SME in accessing climate finance - illustrating how our investments can unlock funding for locally led adaptation solutions. These efforts reflect our broader commitment to enabling meaningful and lasting impact.

2024 Sustainability Report

In the following pages, we unfold the narrative of our sustainability journey guided by a robust Theory of Change. This foundational framework illuminates the path from our commitments to tangible achievements, outlining the interconnected steps and strategies that drive our impact. As advocates for responsible investing, our Theory of Change serves as a compass, aligning our efforts with the broader vision of a sustainable future.

Join us on this journey as we reflect on our achievements and share the stories behind the numbers.