Contributing to society
Low Carbon Enterprise Fund
ERM's Low Carbon Enterprise Fund (LCEF), a program of the ERM Foundation, was established in 2008.
Since its beginning, the LCEF has employed an impact investment model to provide finance and professional support for low carbon entrepreneurs in the developing world. This year, the LCEF invested $450,000 in early-stage ventures in Cambodia, Guatemala, India and Peru to bring our total funds invested in low carbon ventures since we started to more than $1.9 million. Our Incubator Fund also supported seed investee, Khaya Power, for its pilot project in South Africa.
The small businesses we work with deliver affordable low-carbon products, services and employment to some of the world's poorest communities, helping to reduce dependency on kerosene, firewood and other unsustainable sources of energy and provide skills and income for those working for the businesses.
In addition to having a clear low-carbon remit, it is also important that the businesses we invest in provide tangible social and economic benefits to the communities in which they operate, for example, creating sustainable livelihoods, improving health and reducing the need to spend time gathering firewood.
The LCEF draws on the expertise of ERM's global network of consultants, who provide technical and management support to these ventures at no cost to the Fund. The majority of the Fund's management costs are covered by ERM, and all monies raised go directly to the low-carbon enterprises that we support.