GLOBAL OFF-GRID LIGHTING ASSOCIATION (FMO-54974)

Regions
  • World
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Global Off-Grid Lighting Association
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.07 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 0.06 MLN
Converted using 2018-09-07 exchange rate.
Primary Source

Original disclosure @ FMO website

Updated in EWS Dec 27, 2023

Disclosed by Bank Sep 7, 2018

Contribute Information
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Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the FMO, GOGLA will coordinate the development and implementation of a Code of Conduct (CoC) on Consumer Protection for off-grid energy companies. This CoC will be developed in collaboration with off-grid energy companies and investors. The ambition is to create a framework that becomes the de facto industry standard for consumer protection, that is used by off-grid solar businesses, investors, DFIs and other stakeholders. Ultimately, off-grid solar customers should benefit with increased access to quality products, better protection of their rights and less exposure to risk.

This project supports the development of more responsible practices in the off-grid energy sector. Off-grid companies offer a strong value proposition to customers and the sector is delivering significant and measurable social, economic and environmental impacts. However, as the industry seeks to build and expand its early successes, some stakeholders are concerned to ensure that growth objectives remain fully aligned with consumer interests. To retain the full confidence of customers, investors, governments and other stakeholders, it will be increasingly important for off-grid businesses to demonstrate that they protect consumer rights. This is in line with FMO's and MASSIF's objectives to be a leading responsible investor in this sector.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the FMO, Global Off-Grid Lighting Association (GOGLA) is an independent, not-for-profit industry association, which acts as an industry enabler and an advocate for the off-grid energy sector. Its vision for the off-grid lighting and electrification sector is to help deliver the universal entry-level electrification well ahead of 2030. It strengthens the market for clean, high-quality off-grid lighting and electrical systems for households, MSMEs and communities in developing countries. GOGLA comprises over 130 members from all over the world.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Global Off-Grid Lighting Association Client Energy

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - Global Off-Grid Lighting Association:

Address: Johan Cruijff Boulevard 91, 1101 DM, Amsterdam Zuid-Oost, The Netherlands 
Phone: +31 2 0240 0729
Email: info@gogla.org
Website: https://www.gogla.org/

ACCESS TO INFORMATION

As part of FMO's ex-ante disclosure (disclosure of transactions before contracting), you can send requests or questions for additional information to: disclosure@fmo.nl

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW). A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism

How it works

How it works