This voluntary initiative came from Global Compact
The centerpiece of the GDF SUEZ-Rassembleurs Energies program is the creation of an investment fund that will progressively increase to around € 100 million in 2013, 10% of which will be immediately invested in social business energy access projects in the form of equity participation.
GDF SUEZ commitment is to launch 50 projects by 2020
Resources devoted to implementation
Financing (in USD)
Open to additional partners
Description/achievement of initiative
GDF SUEZ has launched an initiative to support social entrepreneurs to provide sustainable access to energy for all.
GDF SUEZ-Rassembleurs d'Energies uses 3 complementary approaches: Investment via a social investment fund to support social entrepreneurs; donations via the "Solidarity through Energy" branch of GDF SUEZ Foundation, for micro-projects enabling sustainable energy access to support NGOs and associations and finally skills sponsorships that put employees' technical knowledge and expertise to work supporting the projects of social entrepreneurs, NGOs and associations. Since 2010, several prototype projects were launched (Mali, Vietnam, Peru, Bangladesh, etc). The projects will pursue the objective of delivery both strong social and environmental impacts.
Copyright United Nations Department of Economic and Social Affairs
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