Triple Bottom Line Investing
Fernando Alvarado, E+Co Capital
E+Co Overview
E+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
Social
Financial
Environmental
Triple Bottom Line Impact
Rationale
Mission
Marketing
Money
E+Co M&E Practices
Challenges
• Baseline
Definition of indicators
• Monitoring
Resources/client support
• Evaluation
Tools/Staff/Time/$$$
• Dissemination
Staff/Time/$$$
Social
Enterprises
Jobs &
Income
Women
Ownership
Clean Energy
Generated
Quality of Life
Improvements
EDS &
Capacity
Building
Households with
Energy Access
Social
Clean Energy Generated in
MWH
375,514
Households served
413,195
People with Access to Modern
Energy Services
2,065,974
Improved Income
$
7,345,113
Clean Energy Enterprises
120
Jobs Sustained
2067
Women Ownership/
Shareholding/Micro-Entrepreneur
16
Entrepreneurs receiving EDS
509
Entrepreneurs trained
710
Entrepreneurs Identified
1,173
NGOs receiving capacity
building
Manuals Developed in how many
languages
10
3 manuals in 2-5 languages
Environmental
Clean
Water
Barrels of
Oil/Kerosene
Displaced
Clean Energy
MW & EE MW
Dollar Value Of
Saved
Environmental Impact
Sustainable
Resources
CO2 Offset
Reforestaion/
Fuelwood
displaced
Environmental
CO2 Offset Annually in tons
CO2 Offset for life of Project, tons of
CO2
719,969
Reforested Land/number of trees
planted
36,168
Water Improvement/
liters of
clean water
11,168,317
Value of CO2 Offsets for life of
project
$
Households with access to clean
water
44,550,000
Barrels of Oil Displaced
31,583
Energy saved from EE initiatives
MWH
99,724
Customers installing EE
equipment
79,715
55,841,583
38,250
Dollar Value of Oil Displaced
$
1,579,150
Liters of Kerosene Displaced
6,084,597
kg of firewood displaced
76,378,641
Financial
Money E+Co
Invested
E+Co Portfolio
Returns
Money
Entrepreneurs
Invested
Funds Directed
To Clean Energy
FI
Training
& Engagement
3rd Party
Investments
Growth Capital
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
+Portfolio
Returns
$
245,450,000
Financial Institutions trained on RE financing
95
Amount E+Co has repaid to investors
$
3,100,000
Financial
Money E+Co
Invested
$
375,514
Households
served
14,691,316
Leveraged from 3rd
parties
$
Clean Energy
Generated in
MWH
12,873,941
Money E+Co
Leveraged from
Entrepreneurs
$
Social
413,195
People with
Access to
Modern Energy
Services
106,842,380
2,065,974
Potential Amount
of Growth Capital
$
245,450,000
Improved
Income
$
7,345,113
Environmental
Jobs Sustained
2067
Women Ownership/
Shareholding/
Micro-Entrepreneur
16
Reforested
Land/number of
trees planted
36,168
Entrepreneurs
receiving EDS
509
Water
Improvement/
liters of clean
water
11,168,317
Value of CO2
Offsets for life of
project
$
Entrepreneurs
trained
710
Barrels of Oil
Displaced
31,583
95
120
Amount E+Co has
repaid to investors
NGOs receiving
capacity
building
Manuals
Developed in how
many languages
10
3 manuals in 2-5
languages
Entrepreneurs
Identified
1,173
Energy saved
from EE initiatives
MWH
99,724
Customers
installing EE
equipment
79,715
55,841,583
Households with
access to clean
water
44,550,000
Clean Energy
Enterprises
3,100,000
CO2 Offset
Annually in tons
CO2 Offset for life
of Project, tons of
CO2
719,969
Financial
Institutions trained
on RE financing
$
Clean
Energy
Promotion
38,250
Dollar Value of Oil
Displaced
$
1,579,150
Liters of Kerosene
Displaced
6,084,597
kg of firewood
displaced
76,378,641
Clean Energy
Technologies
14
Geographic
Distribution (#
of ctries)
35
Policy
Activities
2
Productive Use
Companies
10
Awards
Received
3
Articles
Published
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
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Triple Bottom Line Impact - Latin American Private Equity