BB Energy Group Holding Ltd.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Climate Change
- Renewable Energy
- Social Impact
- Governance
Environmental Achievements
- Launched Improved Cookstove (ICS) initiative in Rwanda aiming to reduce CO2 emissions by eight million tonnes; 50,000 stoves distributed.
- Secured 450 MW of solar projects, accessing a pipeline of 4 GW of solar energy and battery storage projects across Africa.
- Investment in Rwanda’s first natural gas developer, Gasmeth Energy Global, aiming to lower greenhouse gas emissions by approximately seven million tonnes of CO2 equivalent.
Social Achievements
- Supported various healthcare and social initiatives, fellowship programs in the Middle East, Africa, USA, and Singapore.
- Partnership with Give a Child a Brighter Future, providing essential healthcare.
- Partnership with Right to Play in Rwanda, promoting life skill development through sport.
Governance Achievements
- Reviewed and strengthened all policies, including implementing additional risk and credit mitigation, and enhanced internal control processes.
- Implemented Anti-Bribery and Corruption Policy with regular audits.
- Enhanced Know Your Customer (KYC) process to include sustainability related questions.
Climate Goals & Targets
Long-term Goals:
- Become a global leader in carbon credit trading.
Medium-term Goals:
- Become one of the first merchant players to trade on the Southern African Power Pool (SAPP) markets.
Short-term Goals:
- Ramp-up annual investments in renewables to 50% of average net profit by 2025.
Environmental Challenges
- Climate change impacts on operations and safety.
- Challenges around carbon credits.
- Lack of LPG storage and cylinder filling capacity in Rwanda.
Mitigation Strategies
- Assessing business resiliency and preparing operations for extreme weather events.
- Providing market liquidity for carbon credits.
- Designing, constructing, and operating a 17,300 m3 LPG storage infrastructure in Rwanda.
Supply Chain Management
Responsible Procurement
- KYC process includes sustainability related questions.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Policies and regulations to address greenhouse gas emissions
- Emergence of low carbon solutions
Opportunities
- Investing in renewable energy and emission reduction projects
- Trading in alternative energy products
Reporting Standards
Frameworks Used: TCFD (from 2024), UN SDGs
Certifications: ISO 14001, OHSAS 18001 or ISO 45001, ISCC EU
UN Sustainable Development Goals
- SDG 7: Affordable and Clean Energy
- SDG 13: Climate Action
Investments in renewable energy, emission reduction projects, and trading in alternative energy products.