Climate Change Data

Green for Growth Fund (GGF), Southeast Europe SA, SICAV-SIF

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:1,100,000 tCO2e/year (reduced)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:4,300,000 MWh/year (saved)
Water Consumption:2115,500 m3/year (saved/treated)
Waste Generated:427,000 tons/year (avoided/treated)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Biodiversity
  • Sustainable Resource Use
  • Livelihood Improvement
  • Economic Opportunity Promotion

Environmental Achievements

  • 1.1 million metric tons CO2 emissions reduced annually
  • 4.3 million MWh energy saved annually
  • 1,170 MW renewable energy capacity supported
  • 1,137,000 hectares under sustainable management
  • 8.2 million metric tons CO2 sequestered (net) by (agro-)forestry

Social Achievements

  • Over 2 million indirect jobs supported in MSMEs
  • 3,400 direct jobs supported in investee companies
  • 86,800 persons benefited from capacity building and training programs

Governance Achievements

  • Implementation of Impact Scoring Tool across funds for systematic impact management
  • Alignment with international standards and good practices, including the Operating Principles for Impact Management (Impact Principles), the IFC Performance Standards, and SFDR

Climate Goals & Targets

Long-term Goals:
  • Alignment of funds and products with the Paris Agreement
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Limited access to impact data in emerging markets
  • Varying capacities of investees to meet reporting requirements
Mitigation Strategies
  • Development of tools and provision of technical assistance to enhance data availability and quality
  • Development of tailored methodologies to estimate environmental and social impact
  • Use of proxies to estimate data points and provision of technical assistance in setting up reporting systems

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Operating Principles for Impact Management (Impact Principles), IFC Performance Standards, SFDR (Sustainable Finance Disclosure Regulation)

Certifications: Null

Third-party Assurance: BlueMark

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Twice designated as a “Practice Leader” by BlueMark

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:1,200,000 tCO2e/year (reduction)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:4,700,000 MWh/year (savings)
Water Consumption:1,508,800 m3/year (saved/treated)
Waste Generated:427,000 tons/year (avoided/treated)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change Mitigation
  • Sustainable Economic Growth
  • Greening the Financial Sector

Environmental Achievements

  • Reduced CO2 emissions by 1.2 million tons/year
  • Avoided or treated 427,000 tons of waste/year
  • Saved or treated 1,508,800 m3 of water/year
  • Saved 16,240 tons of materials/year
  • Achieved 4.7 million MWh of energy savings/year
  • Supported 1292 MW of renewable energy capacity

Social Achievements

  • Supported capacity building for 10,200 people
  • Provided technical assistance projects in 19 countries
  • Engaged with 65 active partner institutions
  • Channeled green finance to over 57,400 end-borrowers

Governance Achievements

  • Implemented a comprehensive Environmental and Social Management System
  • Aligned with international standards and good practices (Operating Principles for Impact Management, IFC Performance Standards, etc.)
  • Classified as an Article 9 fund under SFDR

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Headwinds in markets, partners, and operations
  • Global energy crisis and Ukraine war impacting investment backlogs
Mitigation Strategies
  • Resilient fund structure allowed for tackling challenges
  • Leveraging accelerating deployment of renewables and renewed focus on energy efficiency
  • Innovative financing strategies (e.g., bridge-to-PPA structure, zero-subsidy projects)

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Drought (in Albania)
Transition Risks
  • Not disclosed
Opportunities
  • Development of renewable energy projects

Reporting Standards

Frameworks Used: Operating Principles for Impact Management, IFC Performance Standards, Eight core conventions of the International Labour Organization, International Bill of Human Rights, EU Taxonomy

Certifications: Null

Third-party Assurance: BlueMark (for Finance in Motion's impact management system)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • IJGlobal Market Pioneer Award (for Blue 1 solar park)