ENGIE’s Rassembleurs d’Energies makes its first investment in the circular economy in France
ENGIE’s Rassembleurs d’Energies has completed its acquisition of a minority stake as part of a fund-raising initiative organised by Gecco, a company active in the social and solidarity-based economy which has been collecting and recycling waste from restaurants in the Hauts de France region for more than 10 years.
Gecco specialises in developing innovative solutions for locally recycling waste from restaurants into renewable energies and new raw materials and has created a local industry for converting used food oils into biofuels and biolubricants.
According to Anne Chassagnette, CEO of Rassembleurs d’Energies and head of CSR at ENGIE, “Rassembleurs d’Energies’ investment will support Gecco as it scales up its food waste collection and recycling activities so it can provide local authorities in particular with solutions for decarbonising mobility. With this investment, ENGIE is reasserting its role as a stakeholder in the competitive ecological transition, working closely alongside the regions".
Gecco will bolster and diversify ENGIE Rassembleurs d’Energies' impact investment fund portfolio. At the very end of 2018, the fund made a new investment in a company which specialises in distributing solar equipment over the last kilometre in rural zones in India (Frontier Markets).
In March 2019 ENGIE’s Rassembleurs d’Energies was awarded certification as a B Corp™ by B Lab. ENGIE’s social and environmental investment fund thus becomes the Group’s first subsidiary to join the community of B Corp-certified companies, of which there are now 71 in France.