Investments at Trine come with an environmental, social and financial return. We estimate the future impact in terms of carbon dioxide equivalent (CO2e) emissions avoided and how many people will get access to electricity, displaying the relevant numbers on the loan offer page.
If you're wondering how we get to those numbers here are a few details for you. Currently we use different methods depending on the industry and this article will focus on Commercial and Industrial solar installations. There is another article with more details on how we calculate the impact of Solar Home Systems.
Commercial & Industrial Solar (C&I)
For bigger installations we cannot apply the GOGLA impact standard and therefore rely on different inputs and ways of calculating the impact. Please note that we are using the USAID Clean Energy Emission Reduction (CLEER) Tool.
As an input we have several variables:
Country (as it affects variables such as the carbon intensity of the local electricity grid)
Fuel offset (diesel, electricity from the grid, electricity from generator)
Litres of diesel offset or megawatts (MWh) produced by the solar installation
Type of installation (on-grid centralised or micro-grid)
From this input we see how much CO2 will be offset annually. Then, we assume this offset will continue over the duration of the loan. This is because these installations are designed to be longer lasting infrastructures.
For C&I installations it isn’t relevant to calculate how many people access electricity. The social impact is better described in terms of the Sustainable Development Goals.
Sustainable Development Goals
Impact can mean so much more than just the amount of CO2e emissions avoided. To give you a better view of this we have decided to use the UN's 2030 Sustainable Development Goals. You will find the goals on each loan page that we assess to be directly affected through an investment in that loan.
All Trine loans directly impact goal 7 for affordable and clean energy and goal 13 for climate action, but it does not stop there. We see that C&I installations contribute directly to the following goals:
Goal 1: End poverty in all its forms everywhere
According to the World Economic Forum, infrastructure is the backbone of any country, generating jobs, improving the quality of life for the poor and boosting economic growth. Such investments are integral to poverty alleviation.
Goal 8: Decent work and economic growth
According to UNDP, small and medium-sized enterprises that engage in industrial processing and manufacturing are the most critical for the early stages of industrialisation and are typically the largest job creators. They make up over 90% of businesses worldwide and account for between 50-60% of employment.
Goal 9: Industry, innovation and infrastructure
Industrialisation’s job multiplication effect has a positive impact on society. UNDP found that every one job in manufacturing creates 2.2 jobs in other sectors.
Goal 11: Sustainable cities and communities
Cities have the potential to optimise their efficiency by reducing energy consumption and adopting green energy systems, according to the United Nations. By financing the switch to solar energy, we will contribute to efficiency gains and technological innovation while reducing resource and energy consumption.
Find out more on how impact is later reported and measured for loans in the Commercial and Industrial sector.
Investing with Trine involves risk that can result in the loss of some or all of your investment and returns are not guaranteed. Never invest more than you can afford to lose. Trine is registered as a financial institution with The Swedish Financial Supervisory Authority (Finansinspektionen).