Nithio
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:1,155,991 tCO2e/year (avoided)
ESG Focus Areas
- Climate Change
- Energy Access
- Financial Inclusion
- Gender Equity
- Resilience
Environmental Achievements
- 1,155,991 metric tons of CO2e avoided in 2023
- Deployment of 115,595 systems
Social Achievements
- Improved energy access for 1,155,991 people
- Supported enterprises using products for 12,103 people
- Provided access to clean cooking for 16,482 people
- Launched Gender-Lens Financing to incentivize women customers
Governance Achievements
- Developed a robust Risk Analytics Engine for credit risk assessment
- Updated lending vehicle name to FAIR (Facility for Adaptation, Inclusion, and Resilience) to better reflect mission
Climate Goals & Targets
Short-term Goals:
- Launch data-driven Gender-Lens Financing
Environmental Challenges
- Closing window for 1.5-degree pathway
- Increased frequency and severity of extreme weather events in Africa
- Inflation and currency depreciation impacting household incomes and company bottom lines
- Limited access to financing for small and medium-sized agribusinesses in emerging markets
- Lack of mechanisms to ensure service continuity if solar energy companies fail
Mitigation Strategies
- Investment in SunCulture for solar water pumping
- Investment in solar home system companies to bring reliable electricity to areas affected by extreme weather
- Development of FAIR (Facility for Adaptation, Inclusion, and Resilience) to deploy capital to scale sustainable household energy technologies
- Development of the Productive Use Appliance Financing Facility (PUAFF) to make productive use appliances more affordable
- Development of SOLAR (Servicer of Last Resort) Solution to ensure service continuity and scale the market
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Drought
- Flooding
- Extreme Heat
Opportunities
- Scaling of productive use appliances
Reporting Standards
Frameworks Used: GOGLA impact measurement framework
UN Sustainable Development Goals
- SDG 7 (Affordable and Clean Energy)
- SDG 13 (Climate Action)
Nithio's investments in renewable energy technologies contribute to these goals by increasing access to clean energy and reducing carbon emissions.
Sustainable Products & Innovation
- Solar home systems
- Solar water pumps
- Clean cooking technologies