As a part of Nordic Capital’s aim to be a sustainable and socially responsible organisation, we endeavour to assume responsibility for reducing our own climate impact, which primarily comprises emissions from business flights.
In order to compensate for our CO₂ emissions, Nordic Capital is supporting Solar Sister, an independent charity which provides solar lights to poor rural households through an innovative entrepreneurship model. During 2018, some 600 million people in Sub-Saharan Africa light their homes with kerosene lights. As well as being ineffective, expensive and harmful to people’s health, kerosene lights contribute heavily to CO₂ emissions.
Thanks to Nordic Capital’s contribution among others Solar Sister can recruits and train women in poor rural communities to become self-employed entrepreneurs.
These entrepreneurs receive business coaching, one-to-one mentoring and marketing support so they can successfully sell the solar lights in their communities. Solar Sister entrepreneurs are typically able to increase their family income by 20%. 80% of the extra income is in turn invested in their families and contributes to better education and health for their children.
The social entrepreneur, Katherine Lucey, started Solar Sister in Uganda in 2010. Today Solar Sister has
- Recruited and trained over 4,500 entrepreneurs
- Spread light to over 1.7 million people in Uganda, Nigeria and Tanzania
- Mitigated 460,000 tonnes of CO₂ emissions
- 45% of the population live in extreme poverty
- 85% lack access to electricity
Up to April 2020, Nordic Capital’s engagement with Solar Sister achieved
- Expansion of Solar Sister into 6 new districts in Tanzania
- Recruited and trained 198 new solar sister entrepreneurs
- Spread light to 41,000 poor people in the rural areas