Annual Impact Report 2017

Key Figures And Greetings

KEY FIGURES

449.9
million
Total investor commitments        (in euros)
396.4
million
Investment portfolio outstanding (in euros)
59
Partner institutions the GGF has invested in to date
60
Partner institutions the GGF has financed and/or provided with technical assistance
19
Target countries of the GGF
241
GGF Technical Assistance Facility projects to date
1913
GWh saved annually through GGF-funded energy efficiency and renewable energy investments
496
thousand
Metric tons of CO2 saved annually through GGF-funded energy

ENERGY & CO2 SAVINGS

The annual energy saved by the GGF’s investment portfolio (1,913 GWh) equals the yearly primary energy consumption of more than 201,000 Egyptian households.

The annual CO 2 emissions reduced by the GGF’s investment
portfolio (495,551 tCO 2) equals 172,000 metric tons of waste recycled instead of landfilled.

The annual energy saved by the GGF’s investment portfolio (1,913 GWh) equals the yearly electricity production of almost 350 modern wind turbines.

GGF TARGET REGIONS

GREETINGS

LETTER FROM THE CHAIR

On behalf of my fellow Directors, I am very pleased to present to you this redesigned Annual Impact Report. In keeping with the GGF’s green mission, we have focused the print version of this report on a few key messages about how the fund creates impact and created a web version with greatly enhanced content.

 

2017 marked a number of milestones in achieving the mission set by the fund’s initiators and investors. The year saw the fund finance its 25,000th sub-loan, with investments, and hence impact, in 17 of its 19 countries of operation. These investments reduced energy consumption equal to that of more than 200,000 Egyptian households. You can meet some of the individuals benefiting from these investments in our client impact videos online. The GGF also surpassed EUR 100 million in private capital – over 20 % of its funding – proving that a properly-structured vehicle can attract investment for green finance to challenging emerging markets.

 

We thank you for your interest in the GGF, and hope that you will visit the online Annual Impact Report to learn more about the fund’s work.

CHRISTOPHER KNOWLES

Chairman of the Board of Directors

LETTER FROM THE INVESTMENT ADVISOR TEAM

We would like to join the board in thanking you for your interest in the fund. We would also like to recognize the work of the board in implementing the vision of the shareholders – without their clear guidance and direction, the GGF would not be the leading regional channel of green finance that it is today. The continued support of our expanding base of investors, with commitments nearing EUR 500 million, is critical to the fund’s continued success.

 

Through its market-based approach supported by best-in-class technical assistance, the fund has cumulatively invested over half a billion euros with 59 partners in 17 markets and ended 2017 with a committed portfolio of over EUR 450 million. These investments in turn annually save 1.9 million megawatt hours of energy and reduced CO2 emissions by 495,551 metric tons. Going forward, the fund will also report on other key measures of impact, such as water saved and waste reduced, to more fully reflect the benefits catalyzed by the fund.

 

We are happy to report that we achieved in 2017 everything we set out to do, while continuously renewing the GGF and setting the bar everhigher. Thank you again for your attention.

THE INVESTMENT ADVISOR TEAM

(From left to right) Dr. Thomas Schiller, Sylvia Wisniwski, Lloyd Stevens, Elvira Lefting, Mario Jertz, Maja Gizdić, Carrie Walczak, Florian Meister