Sainsbury Family Charitable Trusts
Aurora Trust (2021-date)
The
Aurora Trust has set up a Philanthropic
Impact Investment Fund, originally to invest in businesses applying to the Ashden Awards,
but now able to invest in businesses that will contribute to tackling climate change and
reduce inequality by investing in and supporting the development and sustainable growth of
climate solution enteprises capable of becoming profitable and deliveirng long-term impact
at scale. I act as the assessor for this fund appraising propositions and undertaking due
diligence investigations.
Ashden Awards (2007-date)
I provide support to the
Ashden Awards through my role
as commercial assessor. Applications are all concerned with aspects of sustainable
energy including inter alia wind, solar, hydro, storage, power balancing in the UK and
cook stoves and solar lighting internationally and all sorts of very innovative approaches.
I have the honour to review the finances of all businesses that
reach the shortlisting stage and have, over the last 17 years, assessed more than small
and growing 200 businesses. Before covid, I sometimes had the opportunity to visit
applicants selected as finalists.
Ashden Awards, Micro Energy Credits, Mongolia (2013)
Micro Energy Credits helps micro finance institutions promote renewable energy products
in developing countries and, where necessary, provides loans. Often, finance is an obstacle
to people adopting these technologies, so MEC supports MFIs through the process of putting
the programme in place, as well as helping them access carbon finance. In 2013, I visited Ashden
finalist MEC at their project in Mongolia where they had partnered with
XacBank.
Ashden Awards, Barefoot Power, Uganda (2012)
I visited
Barefoot Power in Uganda as a finalist
in the Ashden Awards in 2012. I am pleased to report that they are still in business and
describe themselves as a leader in the design, manufacturing and distribution of solar
powered assets that enable sustainable lifestyles and generates income to off-grid/
weak-grid households and communities in Africa and South Pacific.
Ashden Awards, Ghana, Toyola Energy (2011)
Founded in 2006,
Toyola Energy, based in
Ghana, designs and manufactures efficient cook stoves. They were doing well
when I visited them in 2011 and I am delighted to say that not only are they
still in business but also have expanded into Nigeria and have gone on to
win many other awards.
Ashden Awards, Kampala Jellitone Suppliers, Uganda (2010)
I visited
Kampala
Jellitone Suppliers in Uganda as a finalist in the Ashden Awards in 2010. KJS identified
an opportunity to make briquettes from agricultural residue as an alternative to LPG for
their coffee roasting business - and then started offering briquettes for sale to others -
as well as starting to make stoves for domestic use. I met with the senior management team
a few months later to review their business plans and forecasts and to offer some advice on
how to grow the business.