This evaluation tracks whether and how the Access to Green Finance (A2GF) program, running in India and Kenya since 2022 with funding from the IKEA Foundation, shifted investor knowledge, perception, and behavior in the waste management and circular economy sector and where those changes can be linked to ANDE’s activities versus other factors.

The evaluation covered 68 named investors across both countries, with 14 in-depth interviews completed and 16 survey responses analyzed. Five analytical frameworks were applied jointly across cases, including Rogers’ Diffusion of Innovations, the DFID/World Bank Behavioral Adoption Ladder, and Van Evera process tracing to assign contribution verdicts at the case level.