Impact contribution
Over 1,100,792 tons of CO2 saved per year
Impact strategy
Environmental impact
Investment strategy
Private debt & private equity
Assets under management
EUR 732.5 mn
Website
www.ggf.lu
Initiated in
2009
Initiated by
The European Investment Bank and KfW Development Bank, with risk capital from the European Commission and the German Federal Ministry for Economic Cooperation and Development (BMZ)
Target regions
Southeast Europe, Eastern Europe, the Caucasus, the Middle East and North Africa
SFDR classification
Article 9 fund
The Green for Growth Fund aims to mitigate climate change and promote sustainable economic growth by investing in reducing energy use and CO2 emissions and improving resource efficiency. A blended finance structure, the fund leverages risk-capital provided by public institutions with additional private capital to increase investments across Southeast Europe, the Eastern Neighborhood Region, the Middle East, and North Africa.
The fund provides green private debt to financial intermediaries that on-lend to enterprises and private households. It also invests directly in renewable energy projects and corporates.
Reducing the use of energy resources and CO2 emissions
Investing in climate finance across 19 markets
Finance in Motion advises the GGF on harnessing the power of green finance and making investments that reduce CO2 emissions in 19 markets across Europe, the Middle East and North Africa.
In doing so, we are working towards six Sustainable Development Goals (SDGs): Clean Water and Sanitation (SDG 6), Affordable and Clean Energy (SDG 7), Industry, Innovation, and Infrastructure (SDG 9), Sustainable Cities and Communities (SDG 11), Responsible Consumption and Production (SDG 12), and Climate Action (SDG 13).
Invest in the energy transition
GGF’s impact
m³ of water saved/treated annually (2)
115,510
MW of renewable energy capacity supported (1)
1,168
Active borrowers
9,508
GGF partner institutions (1)
93
Tons of materials saved annually (2)
16,244
Share of outstanding portfolio in local currencies
10.1%
MWh of energy saved annually (2)
4,277,559
Tons of waste avoided/treated annually (2)
427,483
Tons of CO2 emissions reduced annually (2)
1,111,450
Partner institutions that received capacity building in developing green strategies and products and improve ESG management practices (1)
53
People trained
6,746
Investment countries (1)
19
Committed capital
EUR 809.7 mn
Investors
19
Share of private capital committed to the GGF
20%
Volume of technical assistance projects (1)
EUR 24.2 mn
Technical assistance projects in research & analyses
52
(1) Cumulative figure since inception.
(2) Figures are modeled by Finance in Motion based on primary reporting and third-party data.
About the GGF
Fund details
How the fund invests
How to invest
Donors and investors
Invest with us
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