The Road to the SDGs

T H E R O A D T O T H E S D G s | P R O G R E S S A N D A C H I E V E M E N T S X The cooperation with TRINE allowed for the extension of Murabaha financing to SMEs that provide clean electricity services to rural households and small businesses. X The initiative: – Provides a two-times multiplier effect by leveraging IsDB’s € 1 million contribution with the contribution from the crowdfunders – Creates the opportunity for IsDB to achieve real developmental impact by unlocking access to renewable energy in MCs – Allows a transfer of knowledge on crowdfunding by engaging with an external platform. ACHIEVEMENTS X More than 50,000 people will receive electricity access during the TRINE pilot project. X Emissions equivalent to 145,000 tons of CO 2 will be avoided as a direct result of replacing dangerous sources of fossil fuel. X The successful outcome of this pilot project will inspire support for other crowdfunding platforms in various geographies and sectors: X IsDB’s involvement in this initiative will have a critical de-risking role to attract more crowdfunded investments that could make a tangible difference. X IsDB is partnering with UNDP on the TRINE initiative to assess the impacts of IsDB-financed campaigns using UNDP’s Climate Action Impact Tool, to enable investors, both crowd and institutional, to monitor the impact of investments on achieving the SDG targets. INVESTMENT X TRINE’s sustainable business model and its focus on solving acute developmental challenges made it eligible for IsDB approved financing of € 1 million. X The platform already has a portfolio in excess of € 45 million and has built up a successful track record through the pilot project. X Estimates show that each € extended by IsDB will attract € 2–3 from crowd investors. X Both IsDB and the crowdfunders will earn a mark-up of +7% annually, with a maximum tenure of five years. I S D B F I N A N C I N G F O R O F F - G R I D C L E A N , S U S T A I N A B L E E N E R G Y S O L U T I O N S I N M C s Provides a 2x multiplier effect by leveraging IsDB’s €1 million contribution with the contribution from crowdfunders E M I S S I O N S R E D U C T I O N Emissions equivalent to 145,000 tons of CO 2 will be avoided [ 51 ]