INCLUSIVE GROWTH 1 2 Technology Business Model Innovations Mercado Libre Brazil Innovative and forward-thinking business models As host to the largest online commerce and payments can unlock opportunities and access to services by ecosystem in Latin America, Mercado Libre has a mission creating new revenue streams and reducing cost to provide tools that contribute to the development of the region’s growing e-commerce community while also barriers compared to traditional models. fostering entrepreneurship and social mobility. They also provide access to a digital account through Mercado EVERFI Pago, which allows users to access a centralized money Using cutting-edge technology and building the infrastructure management system to receive, transfer, save, and access to provide impact-as-a-service within communities, EVERFI is credit in one place. We increased Mercado Libre’s credit connecting learning to the real world by delivering research- line to help them support those in the region who have backed education to more than seven million learners traditionally faced a barrier to credit access. annually and more than 2,000 global customers, making learning scalable and impact measurable. EVERFI’s innovative Reach Capital business model provides free access for students and Reach Capital, an Imprint-funded manager, invests in employees to evidence-based educational curricula, o昀昀ering early- to growth-stage impactful education technology high-impact classes for underserved communities that may companies focused on B2B, B2C, and marketplace solutions. otherwise face cost barriers. Goldman Sachs acted as an Comprised of former teachers and operators, the Reach exclusive 昀椀nancial advisor to EVERFI, including on their recent team is diverse in both identity and experience, having acquisition by social impact computer software recently topped the Information’s VC Diversity Index. Reach organization Blackbaud. Capital targets investments across the early childhood, K–12, higher education, workforce development, and human 303 Battery by Sustainable Living Innovations (SLI) empowerment sectors that may lead to strong 昀椀nancial Goldman Sachs provided a loan for the construction of outcomes in addition to tangible impact across educational SLI’s 303 Battery, a 15-story, 112-unit, mixed-use, mixed- access, a昀昀ordability, quality, and outcomes. This includes income building located in Belltown, one of the most densely investments in Springboard, which provides advanced online populated neighborhoods in Seattle. The technology and courses for students to learn data, design, and coding skills design incorporated into 303 Battery’s construction are with wraparound support from mentors and community, aimed at producing a high level of energy e昀케ciency. as well as BookNook, an online learning platform that This loan is designed to create new a昀昀ordable housing provides reading and math support through engaging and by using patented prefabricated, panelized material collaborative technology. and technology to reduce construction costs, increase environmental e昀케ciency, and promote safer construction conditions. Moreover, 303 Battery will be a Zero Net Energy residential tower. The project will achieve net climate positive energy by providing at least 105% of all energy consumed via a combination of on-site and o昀昀-site clean energy production, allowing additional density and operational cost savings. Sustainability Report 2021 Inclusive Growth | De昀椀ning and Executing on Our Strategy 66