Climate Change Data

PORTLAND GLOBAL ENERGY EFFICIENCY AND RENEWABLE ENERGY FUND LP

Climate Impact & Sustainability Data (2019)

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Sustainable Development
  • Energy Efficiency
  • Renewable Energy
  • Social Impact

Environmental Achievements

  • GEEREF’s investments are expected to reduce emissions by over 8 million tonnes of CO2 annually, and 164 million tonnes over the lifetime of the projects.
  • Numerous projects focusing on solar, wind, hydro, and biomass energy generation.

Social Achievements

  • GEEREF supported projects generated 7,200 jobs in 2017.
  • Focus on improving access to sustainable energy in developing countries.
  • Implementation of livelihood restoration programs and grievance mechanisms in land acquisition processes.

Governance Achievements

  • Adherence to EIB standards and IFC Performance Standards in project development and land acquisition.
  • Transparent and consistent compensation procedures in land acquisition.

Climate Goals & Targets

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

Environmental Challenges

  • Supply chain disruptions due to COVID-19, particularly impacting solar installations.
  • Potential delays in divesting fully operating units due to COVID-19.
  • Challenges in land acquisition processes in developing countries, including unclear land ownership, lengthy approval processes, and political interference.
  • Potential financial difficulties for some energy efficiency projects due to COVID-19's impact on tourism and retail.
  • Exaggerated land compensation claims.
Mitigation Strategies
  • Underlying fund managers are developing business continuity plans and conserving cash.
  • Active ongoing community and public engagement during land acquisition.
  • Fair compensation mechanisms, including preference for house replacement over cash payments.
  • Proactive supervision and monitoring of land acquisition.
  • Support for local communities through training, waste management, water schemes, and livelihood restoration plans.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Changes in energy subsidies and policies
Opportunities
  • Growth in renewable energy sector

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • 7 (Affordable and Clean Energy)
  • 9 (Industry, Innovation, and Infrastructure)
  • 13 (Climate Action)

GEEREF's investments contribute to these goals by building clean energy capacity, creating jobs, and reducing GHG emissions.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • 2018 PCMA Private Capital Markets Award (Newlook)