Climate Change Data

SEAF

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

ESG Focus Areas

  • Gender equality
  • Climate resilience
  • Food security
  • Sustainable business practices
  • Corporate governance

Environmental Achievements

  • Foodmart installed a 500-kW solar power plant, reducing greenhouse gas emissions by 287,458 kg annually and introduced Reverse Vending Machines (RVMs) to promote recycling.
  • Ecoflora's initiatives led to 78% of farmers adopting improved pest management practices, 61% improving organic matter recycling, and 50% conserving water.

Social Achievements

  • Created over 2200 new jobs in 2024.
  • 75% of SEAF companies raised funding from non-SEAF sources.
  • Foodmart's workforce grew from 1,727 in 2014 to 5,321 in 2024, with 71% women.
  • Ecoflora benefited over 700 farmer families.
  • Kentegra increased its workforce from 96 to 307 employees, with 33% women.

Governance Achievements

  • SEAF supports its investees in improving their corporate governance structures, including risk management, board development, and financial reporting.
  • CEED developed a business model to help create financially sustainable entrepreneurial ecosystems.

Climate Goals & Targets

Environmental Challenges

  • High debt burdens in emerging markets leading to economic uncertainty and crises.
  • The “missing middle” challenge where SMEs are too large for microfinance but too small for traditional capital markets.
  • Fragmented retail market in Georgia lacking efficiency and scale.
  • Economic instability and currency depreciation in Georgia.
  • Lack of retail expertise in Georgia.
  • Capital constraints for SMEs.
  • Ecoflora's need for substantial capital to scale operations and meet regulatory requirements.
  • Establishing a sustainable supply chain for Jagua fruit in Colombia.
  • Kentegra's need to overcome disruptions caused by COVID-19.
Mitigation Strategies
  • SEAF provides flexible, stage-appropriate capital in the form of equity, debt, and hybrid instruments.
  • SEAF delivers tailored technical assistance (TA) including training, mentorship, and access to global markets.
  • SEAF focuses on building sustainable entrepreneurial communities and leveraging long-term enterprise support.
  • SEAF's integrated approach combining flexible financing and TA.
  • SEAF's multi-faceted support to Foodmart including financial support, strategic partnerships, operational enhancements, and sustainability initiatives.
  • SEAF's $4.2 million investment in Ecoflora, acquiring a 13.34% equity stake.
  • SEAF's $3 million loan to Kentegra for factory expansion, working capital, and refinancing.
  • Kentegra's recruitment of local agronomists to provide technical assistance to farmers.

Supply Chain Management

Responsible Procurement
  • Foodmart supports over 1,420 local suppliers.
  • Ecoflora works with over 700 farmer families under fair-trade conditions.
  • Kentegra works with 8,076 smallholder farmers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IRIS+, UN Sustainable Development Goals (SDGs), Operating Principles for Impact Management (OPIM), IFC Performance Standards, 2x Challenge

UN Sustainable Development Goals

  • SDG 2
  • SDG 5
  • SDG 8
  • SDG 12
  • SDG 7
  • SDG 9
  • SDG 11
  • SDG 13

SEAF's investments contribute to these SDGs through job creation, gender equality, sustainable practices, and climate resilience.

Sustainable Products & Innovation

  • Ecoflora's Jagua Blue colorant