Global Green Growth Institute (GGGI) is a newcomer to the LHoFT. Head of Luxembourg office Julie Godin tells us more about the company.
Can you pitch your startup in a few words?
Well we are not exactly a startup, but we work with startups across the globe to support green and climate innovations. That’s crucial to accelerate the green transformation, and support the climate action. Global Green Growth Institute (GGGI) is present in close to 40 developing countries and emerging economies.
Why did you decide to create this company?
GGGI was established in 2012 at the Rio+20 United Nations Conference on Sustainable Development by few member states at the time. It now grown to 45 Member States. Our niche is that we helped countries mobilize green and climate finance for their green transformation. Green and sustainable finance is definitely growing but it only still represents a small portion of the financial market today. GGGI has already mobilized 8.6 billion since 2015 to support our Governments and partners with their green development plans.
What are your product(s)/service(s) and your business model?
We are embedded in Governments, acting as neutral advisers. Our experts, with technical (e.g. green mobility, sustainable energy etc) and financial and banking expertise are present in countries, in fact the large majority of our staff is based in the countries we are serving and helping with their green transformation, so we don’t fly and out, but build strong and long term partnerships in country.
How is your offering different from your competitors and other market players?
We are working from policy development, to planning, and financial mobilization to opening the door to new business models and implementation pilot projects to support green transformation, that’s the only approach that can bring long term changes at scale.
Why did you decide to join the LHoFT?
The LHoFT is helping us connect with number of actors in Luxembourg, the incredible sustainable financial ecosystem, the people, we felt welcomed in Luxembourg from day 1, thanks to the team at the LHoFT!
What’s next?
We will reach to many actors in Luxembourg to develop new partnerships for impact, and please don’t hesitate to reach out as well! And we launched a program on June 9 funded by the Government of Luxembourg, in partnerships with LuxSE in which we will strengthen and advance the national green and social finance ecosystem of at least 10 developing countries in Asia, Africa and Latin America and the Caribbean regions, through policy frameworks and training, delivering of pre-post insurance of thematic bonds (Green, Social, Sustainable and Sustainability inked Bonds) and disseminate knowledge.
