green-growth-equity-fund-disclosure

On 21 April 2021 the Board of the Green Climate Fund (GCF) approved the proposal from EverSource and FMO, to accelerate private and public sector investment in India’s green infrastructure projects. Through the Green Growth Equity Fund (GGEF), managed by EverSource Capital, FMO is investing USD 137mln in the energy value chain, water, waste and transport sectors that promote low carbon and climate-resilient initiatives in line with India’s climate objectives and Sustainable Development Goals.

The Green Growth Equity Fund's strategy is to invest in rapidly scalable and sustainable businesses by deploying capital across two key areas:

1. decarbonization of energy including in its uses (subsectors: renewable energy, resource efficiency, e-mobility and energy services and the associated value chains); and
2. resource or environment conservation, adding to low carbon and circular economy (sub-sectors: water, waste - including effluents and emissions, resource efficiency e.g. in agriculture & food technology). 

Please find Eversource’s Environmental and Social Management System (ESMS) and project disclosures.

Eversource’s ESMS (English and Hindi)

(Ex-ante) disclosure of GGEF projects