The Green Outcomes Fund (GOF) is a first of its kind structure, which incentivises local South African fund managers to increase investment in green Small, Medium and Micro-sized Enterprises (SMMEs).
The Green Outcomes Fund aims to achieve clearly defined green outcomes, encourage greater capital allocation to green businesses by local fund managers, and catalyse increased and higher quality, consistent, reporting of green impacts.
Please note: Investment decisions will be made according to each of the respective funds’ investment mandates and processes.
The world urgently needs to move towards models where economic growth is decoupled from natural resource use and climate mitigation pathways. In South Africa, this means investment in businesses that can generate verifiable green outcomes, whilst creating jobs, including in energy, water, waste, infrastructure and land management.
Through a partnership officially signed on 31 January 2020 between National Treasury’s Jobs Fund and GreenCape, the Green Outcomes Fund (GOF) provides outcomes-based matched (concessional) funding to local investment funds (our Catalytic Finance Partners) to support investments into local SMMEs that make a demonstrable contribution to South Africa’s green economy, as well as job and enterprise creation in priority impact areas. This is also made possible by catalytic support from the FirstRand Foundation.
The Green Outcomes Fund, in partnership with The Jobs Fund, will incentivise the Catalytic Finance Partners (CFPs) that it has partnered with to invest in green businesses, as well as track verifiable green metrics. The green outcomes have been developed with small and growing business, funds, and are in line with international impact investing standards.
EXPRESS YOUR INTEREST TO THE CFPs as a green business that is raising finance
Click here for more information on Edge Growth Venture's investment mandate, application details, application process and contact details.
Click here for more information on Business Partners' investment mandate, application details, application process and contact details.
Click here for more information on Conservation International Venture's investment mandate, application details, application process and contact details.
Click here for more information on the Mergence investment mandate, application details, application process and contact details.
If you are interested in being a potential Catalytic Finance Partner
ACCELERATE YOUR INVESTMENT IMPACT as a potential Catalytic Finance Partner
If you’re investing in small businesses or green businesses, but need a little support to invest in small, green businesses, you might be a good fit. Use your expression of interest to tell us how outcomes funding would help you reach more green SMEs.
Please click here to see the current call for Expression of Interest - Deadline: 4 June 2020
Please click here to express interest
PARTNER WITH US to support green investment opportunities
GOF is available to philanthropic, aid, and development organisations seeking to generate impact in the green economy. Get in touch and become a part of this unique model creating impact in the green economy.
The local Catalytic Finance Partners (CFPs) of the Green Outcomes Fund are Mergence Investment Managers, Edge Growth, Conservation International Ventures Fund and Business Partners South Africa. Each of the CFPs have investment mandates that direct their funding decisions.
The Green Outcomes Fund is the result of a World Bank Climate Technology Program pilot initiated in 2016, with the Bertha Centre, GreenCape and WWF-SA as the main design partners, set out to test whether a green outcomes-based impact investing fund of funds mechanism would stimulate growth in the South African green economy. The Green Outcomes Fund is aligned to the UN’s Sustainable Development Goals (SDGs) and mobilises private capital in support of these global goals.
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