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GDF SUEZ Rassembleurs d’Energies brings it supports to “les Toits de l’Espoir” and achieves its 3rd energy efficiency investment for very low income social housing in France

January 30, 2014

GDF SUEZ Rassembleurs d’Energies continues its commitment to fight against energy poverty with its investment in “Les Toits de l’Espoir,” a cooperative enterprise (Scop) that renovates and improves the energy efficiency of social housing for very low-income renters. This is the third social enterprise investment in France by GDF SUEZ Rassembleurs d’Energies, thanks to which it is strengthening its coverage of the country. A first investment was made in 2012, in Foncière Chênelet. That enterprise has historically been active in the Pas-de-Calais region where it builds high energy performance social housing. In December 2013, a second investment was concluded with the property company “Habitat et Humanisme,” which is a major player in the Rhône-Alpes region involved in energy renovation of very low-income social housing.

At the January 30 signing of the agreement between GDF SUEZ and “les Toits de l’Espoir” at Dunkirk, Gérard Mestrallet, Chairman and CEO of GDF SUEZ, stated: “This investment by GDF SUEZ Rassembleurs d’Energies marks a new step in the Group’s involvement in France with the most dynamic actors in the very low-income social housing sector. It further illustrates the Group’s policy of combating energy poverty both in France and throughout the world.”

In addition to the GDF SUEZ Rassembleurs d’Energies financial investment, the GDF SUEZ Regional Office in Nord-Pas-de-Calais will provide technical expertise to support “les Toits de l’Espoir” in its program rollout.

The Group’s support for “les Toits de l’Espoir” brings to five the number of investments undertaken by GDF SUEZ Rassembleurs d’Energies worldwide since its launch in 2011. It meets the employees’ desire to give a solidarity meaning to their savings, that can be invested through an employer-sponsored mutual funds in social enterprises engaged in providing access to energy.

“les Toits de l’Espoir” was created in 1996 at the initiative of Marc Mordacq. Since then the organization has renovated over 2,000 residential units, taking special care to ensure energy efficiency as a means to minimize renters’ lease payments.

GDF SUEZ Rassembleurs d’Energies is a social-responsibility initiative of the GDF SUEZ Group, by people, for people. It contributes to achieving energy access for all and to reducing energy precariousness in the world through three complementary approaches: investments through a socially motivated investment fund, donations from GDF SUEZ Foundation and skill transfers through employee-sponsored NGOs – Energy Assistance and Codegaz. In France, the objective of GDF SUEZ Rassembleurs d’Energies is, together with energy professionals, to construct housing and combat social and economic exclusion through innovative, sustainable and realistic solutions to energy poverty. GDF SUEZ Rassembleurs d’Energies investment fund is financed in part by an employer-sponsored mutual fund (FCPE) in which more than 6,000 GDF SUEZ Group employees and retirees have contributed, thus enhancing their savings with a solidarity purpose.

GDF SUEZ develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: independent power production, liquefied natural gas, renewable energy and energy efficiency services.GDF SUEZ employs 138,200 people worldwide and achieved revenues of €82 billion in 2012. The Group is listed on the Paris, Brussels and Luxembourg stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).

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