Progress report 2018

Transcription

1 Progress report 2018 Ph : Ruben Salgado Escudero

2 Who we are In 2018, a billion people do not have access to electricity in the world, nearly 3 billion people do not have access to clean and safe cooking solution, and one in ten Europeans struggles to get proper heating in the winter. Whether it concerns health, safety, fighting against climate change, or economic inclusion, access to energy for all is a prerequisite for sustainable and harmonious development. Access to clean and sustainable energy for all by 2030 is the 7th of the Sustainable Development Goals set by the United Nations. Since 2011, ENGIE Rassembleurs d'énergies has been working to achieve this goal. With 50 million endowment, the fund supports companies in Europe and developing countries in the deployment of decentralized and sustainable energy solutions. As an impact investment fund, ENGIE Rassembleurs d'énergies is committed to promoting companies that have a positive and measurable environmental and social impact. At the end of 2018, the ENGIE Rassembleurs d'energies fund companies have already contributed to the access to sustainable energy of 3.7 million beneficiaries worldwide. Investment criteria ENGIE Rassembleurs d'energies invests in social enterprises that enable poor people to have access to clean and sustainable energy or to fight against energy poverty. Companies are selected and evaluated over time following a multi-criteria analysis: Environmental performance Social performance Relevance of the solution Synergies with the ENGIE group Financial value

3 Our portfolio 17 active companies and 25 million euros invested in three sectors: decentralized electrification, clean cooking and energy efficiency. * worldwide

4 Our impact Electrified beneficiaries Number of employees New since RDE investment Total To date, nearly 20,000 employees of the ENGIE and SUEZ Groups have already invested their savings in this FCPE, of which up to 10% of the assets finances the investments of the fund.

5 2018, year of transition New investments The fund kept on developing clean cooking solutions businesses by making an investment in Envirofit. This company, present on three continents, has been designing and marketing various types of improved cookstoves since 2003 and is currently developing LPG cylinders including "Pay as you Cook" technology in Kenya. This model will offer a consumer credit solution while preventing supply outages. RDE has also expanded its portfolio to rural distribution by investing in Frontier Markets, a distributor since 2011 of decentralized energy access solutions in rural India, relying on a network of women entrepreneurs. Finally, the fund finalized its investment in Husk Power Systems, a company specializing in the development of micro-grids in India and Tanzania. Husk Power Systems continuously provides electricity to disconnected villages through a network of minigrids powered by solar energy and biomass. Acquisitions by the ENGIE group After Fenix in 2017, the ENGIE group strengthened its presence in the decentralized electrification sector by acquiring SIMPA Networks, which offers individual solar systems in the state of Uttar Pradesh in India. SIMPA Networks now provides 260,000 people with access to a sustainable and decentralized energy source. Renewal of the solidarity agreement In France, constructive exchanges with the Ministère de la Transition écologique et solidaire have resulted in the renewal of the solidarity label of the fund, by taking into account the corporate purpose of companies outside France and their actual impact on improving the life conditions of their beneficiaries. This provision allows the fund to maintain its status and to manage the solidarity savings of the Group employees. New fund governance ENGIE's CSR Director Anne Chassagnette took over the management of the fund, replacing Laure Vinçotte, which had been in place since the fund's inception in 2011.

6 Certification After a first GIIRS certification obtained in 2017, ENGIE Rassembleurs d'energies was evaluated in 2018 by B. Lab with the objective of obtaining the B.Corp certification. This certification was granted in March enterprise out of 4 of our portfolio is B.Corp certified. B Corp is a label that not only evaluates a company's CSR policies, but also and values the real impact and positive contributions of the company's activities. Our partners

7 ESTERA l énergie des Pyrénées Created in 2014 France Designs and operates modular mini heat plants, supplied with local forest biomass from the Pyrenees mountains. First investment in sites CO2 reduction 3,500 tons HABITAT ET HUMANISME Created in 1985 France Builds, buys and renovates low cost housing for deprived populations in urban areas. First investment in

8 FONCIERE CHENELET Created in 2009 France Construction and renovation of social housing with integration jobs and energy-efficiency. First investment in 2012 Employees 6 1,600 yearly energy savings per household LES TOITS DE L ESPOIR Created in 1996 France Renovation of social housing and energy efficiency. First investment in 2014 Employees 21 2,800 houses refurbished Beneficiaries 10,000 CO2 reduction of 26%

9 LIVING STONES Created in 2005 Belgium Acquisition / renovation of quality housing and afterwards renting for low-income families. First investment in renovated homes in downtown Brussels. ATEC Created in 2016 Cambodia Designs, produces and distributes flood-proof micro biodigestors for small cattle farmers. First investment in 2017 Employees 57 Customers 880 Beneficiaries 4,400 CO2 reduction 2,500 tons

10 ENVIROFIT Created in 2004 Kenya, Tanzania Social enterprise that designs and markets innovative products and services aimed at improving families' access to clean cooking solutions including the distribution of LPG incorporating PAYGO in emerging regions. First investment in 2018 smart gas customers 1000 Beneficiaries SISTEMA BIO Created in 2010 Mexico, Nicaragua, Colombia, Kenya, India Designs, produces and distributes micro-biodigesters, cooking systems and biogas generators for small farmers. First investment in 2015 Employees 135 Clients 5,500 Beneficiaries 33,000 CO2 reduction 35,000 tons

11 BBOXX Created in 2010 Kenya, Rwanda, Togo, Congo Develops solar paygo solutions to provide affordable, clean energy to off-grid communities in the developing world. First investment in 2015 Employees 634 Beneficiaries 475,000 CO2 reduction 35,000 tons Frontier Markets Created in 2011 India Entreprise sociale spécialisée dans la Social enterprise specializing in last mile distribution to improve the quality of life of customers in rural India. Frontier Markets designs and delivers high quality solar energy solutions through an extensive network of women entrepreneurs in rural areas. First investment in employees 714,000 beneficiaries Micro entrepreneurs: 5,000 50% of which are women CO2 reduction 207,000 tons

12 CDS Created in 1980 Mauritania Citizen company that works for giving access to essential services (water and electricity) to off-grid populations by the promotion of renewable energies. First investment in 2016 Employees 50 Beneficiaries : 6,400 access to electricity 5,000 access to water HUSK Created in 2007 India, Tanzania Designs, builds, owns and operates 100% renewable minigrids, offering flexible PAYGO energy service, using smart metering system. HUSK grid-compatible theft-proof solutions provide productive use and can be rolled out to support national electrification plans. First investment in 2017 Employees 147 Clients 1150 Beneficiaries 5,800 CO2 reduction 920 tons

13 ILUMEXICO Created in 2010 Mexico Produces and distributes solar home systems in unconnected rural areas of Mexico. First investment in 2015 Employees 63 Clients 13,550 Beneficiaries 61,000 CO2 reduction 5,000 tons KINGO Created in 2013 Central America, Colombia, South Africa Provides a sustainable prepaid solar energy service to off-grid communities. First investment in 2017 Employees 330 Clients 60,000 Beneficiaries 300,000 CO2 reduction 22,000 tons

14 MERA GAO POWER Created in 2013 India Builds, owns, and operates solar micro grids serving off-grid villages in the north of India with lighting and mobile phone charging services. First investment in 2015 Employees 113 Pico grids 2,000 CO2 reduction 1,600 tons PEG Created in 2013 Ghana, Ivory Coast Distributes paygo solar home systems and appliances to off-grid populations. First investment in 2015 Employees 413 Beneficiaries 272,000 CO2 reduction 22,000 tons

15 RURAL SPARK Created in 2013 India Design and distribution of semi-collective electrification kits for off-grid rural populations in India. First investment in 2013 Employees 9 Beneficiaries 3,200 Systems 637 CO2 reduction 236 tons

16 Submit an investment project Conflict of interest Policy ENGIE Rassembleurs d Energies mission is to promote access to sustainable energy for all through direct minority investments in enterprises which purpose is to provide sustainable and relevant energy access solutions to under-served populations. As such RDE may invest in different companies active in related or competing fields. Until now, RDE has not appointed voting board members in companies operating on competing market segments. Generally, board members appointed by RDE are committed to act in the best interests of the company where they seat. Should an independent body declare that a conflict of interest having a material adverse effects exists, then RDE will endeavor to put in place adequate corrective measures that it deems appropriate in the relevant case. 1 place Samuel de Champlain Courbevoie France