Triple Bottom Line Investing

Fernando Alvarado, E+Co Capital

E+Co OverviewE+Co delivers services to and

invests in developing country small and medium energy enterprises that deliver modern energy to households, businesses and communities, creating:

-economic opportunity; -quality of life improvements

and -positive environmental

impacts

The Triple Bottom line

Triple Bottom Line Impact

Financial

Social

Environmental

Triple Bottom Line Impact

Rationale

Mission MoneyMarketing

E+Co M&E Practices

• Baseline

• Monitoring

• Evaluation

• Dissemination

ChallengesDefinition of

indicators

Resources/client support

Tools/Staff/Time/$$$

Staff/Time/$$$

Social

Enterprises

Jobs & Income

Women Ownership

EDS & Capacity Building

Households with Energy Access

Clean EnergyGenerated

Quality of LifeImprovements

Social Clean Energy Generated in

MWH Jobs Sustained 375,514 2067

Households served Women Ownership/ Shareholding/Micro-Entrepreneur

413,195 16

People with Access to Modern Energy Services Entrepreneurs receiving EDS

2,065,974 509Improved Income Entrepreneurs trained

$ 7,345,113 710

Clean Energy Enterprises Entrepreneurs Identified120 1,173

NGOs receiving capacity building

Manuals Developed in how many languages

10 3 manuals in 2-5 languages

Environmental

CO2 Offset

CleanWater

Barrels of Oil/KeroseneDisplaced

Clean Energy MW & EE MW

Saved

Reforestaion/Fuelwood displaced

Dollar Value OfEnvironmental Impact

Sustainable Resources

Environmental

CO2 Offset Annually in tonsCO2 Offset for life of Project, tons of

CO2 719,969 11,168,317

Reforested Land/number of trees planted

Value of CO2 Offsets for life of project

36,168 $ 55,841,583

Water Improvement/ liters of clean water

Households with access to clean water

44,550,000 38,250

Barrels of Oil Displaced Dollar Value of Oil Displaced 31,583 $ 1,579,150

Energy saved from EE initiatives MWH Liters of Kerosene Displaced

99,724 6,084,597

Customers installing EE equipment kg of firewood displaced

79,715 76,378,641

Financial

Money E+CoInvested

MoneyEntrepreneurs

InvestedFI

Training& Engagement

E+Co PortfolioReturns

Growth Capital

3rd PartyInvestments

Funds DirectedTo Clean Energy

+Portfolio

Returns

Financial

Money E+Co Invested $ 12,873,941

Money E+Co Leveraged from Entrepreneurs $ 14,691,316

Leveraged from 3rd parties $ 106,842,380

Potential Amount of Growth Capital $ 245,450,000

Financial Institutions trained on RE financing 95

Amount E+Co has repaid to investors $ 3,100,000

Financial Social Environmental

Clean Energy

Promotion

Money E+Co Invested

Clean Energy Generated in

MWH Jobs SustainedCO2 Offset

Annually in tons

CO2 Offset for life of Project, tons of

CO2Clean Energy Technologies

$ 12,873,941 375,514 2067 719,969 11,168,317 14

Money E+Co Leveraged from Entrepreneurs

Households served

Women Ownership/

Shareholding/ Micro-Entrepreneur

Reforested Land/number of

trees planted

Value of CO2 Offsets for life of

project

Geographic Distribution (#

of ctries)

$ 14,691,316 413,195 16 36,168 $ 55,841,583 35

Leveraged from 3rd parties

People with Access to

Modern Energy Services

Entrepreneurs receiving EDS

Water Improvement/

liters of clean water

Households with access to clean

water Policy

Activities

$ 106,842,380 2,065,974 509 44,550,000 38,250 2

Potential Amount of Growth Capital

Improved Income

Entrepreneurs trained

Barrels of Oil Displaced

Dollar Value of Oil Displaced

Productive Use Companies

$ 245,450,000 $ 7,345,113 710 31,583 $ 1,579,150 10

Financial Institutions trained

on RE financing Clean Energy Enterprises

Entrepreneurs Identified

Energy saved from EE initiatives

MWHLiters of Kerosene

DisplacedAwards

Received

95 120 1,173 99,724 6,084,597 3

Amount E+Co has repaid to investors

NGOs receiving capacity building

Manuals Developed in how many languages

Customers installing EE equipment

kg of firewood displaced

Articles Published

$ 3,100,000 10 3 manuals in 2-5

languages 79,715 76,378,641 8

Monitoring • Established Baseline Reports• 2x Annual Progress Reports• Entrepreneur Buy-In via loan agreements• M&E Coordinator• M&E Dedicated Staff• Interns Recruited• Improved Tools• End Result

Evaluation • Develop Standardized Evaluation

Process and report• Organize 2-3 Evaluation Trips• If possible, recruit interns to assist

with customer surveys

Tools • Revised Baseline Reports• Revised, Customized

Progress Reports• Evaluation Reports• Evaluations on 2-3

Enterprises• M&E Manual• Staff

Success – Lessons Learned• Improved portfolio

quality• Early problem

identification• Committed

entrepreneurs• Longer term

relationships• Fundraising

Recommendations• Dedicated staff necessary• Resource allocation to do M&E• Contractual obligation (stick)• Incentives for complying (carrot)• Tools (web based, manual, etc)• Taking M&E to the next level, selling

ESMS within investee companies