INOKS Capital SA © 2017 INOKS IMPACT REPORT INDEX Foreword 4 OUR VISION 7 About INOKS 11 2016 Highlights 17 COMMODIT Y VALUE CHAIN CHALLENGES 23 INOKS’ IMPACT THEMES 27 Impact Management Process 33 Portfolio statistics 41 PORTFOLIO COMPANIES 47 Case study: the cocoa Industry 55 Our year in the media 61 2017 OUTLOOK 65 OUR BENCHMARKS 71 Team & Partners 75