“We became a Pioneer GIIRS Fund, because we feel that it is important as an impact investor to not only measure financial returns, but also our social and environmental performance. GIIRS will allow us to measure our impact in a way that is consistent with other leading impact oriented funds in the space."

- Joe Glorfield, Partner, TBL Capital


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GIIRS Pioneer
Fund Manager Name: E + Co
Fund Manager Website: www.eandco.net
Rated: 12.12.2011

Fund Description

Central American Renewable Energy and Cleaner Production Facility

Fund Mission

CAREC's mission is to promote the use of renewable energy technologies for electricity generation and improved energy use and other inputs for the efficient and cleaner operation of enterprises in Central America.

Vintage Year


Geographic and Industry Investment Targets

Target Industry

Electricity, gas & air conditioning | Other services

Target Industries Description

Clean energy, energy efficiency and cleaner production

Investment Region(s)

Latin America

Countries of Investment

Belize | Costa Rica | El Salvador | Guatemala | Honduras | Nicaragua | Panama

Geographic Target Description

None provided

Impact Investment Targets

Impact Targets

Socially beneficial prod/serv | Environmentally beneficial prod/serv | Targeting the underserved | Community development | Environmentally beneficial practices

Socially Beneficial Products & Services

Access to basic services | Infrastructure/market access

Socially Beneficial Products & Services Description

Same as options chosen

Environmentally Beneficial Products & Services

Renewable energy/Cleantech | Energy efficency | Waste reduction | Land or wildlife conservation | Pollution prevention

Environmentally Beneficial Products & Services Description

Same as options chosen