APC 2013 Annual Report Download - page 98

2SUSTAINABLE DEVELOPMENT
SCHNEIDER ELECTRIC, AN ECO-CITIZEN COMPANY
The aim of the SEEA fund is to promote development while always ensure sustained company support (help develop a
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protecting the assets under management. Accordingly, it has business plan, technical advice, etc.) to deliver the optimum
adopted strict management rules, such as: social efficacy while minimizing risk.
always invest in partnerships with recognized players;
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never take a majority shareholding;
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SEEA FUND INVESTMENT POLICY
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France
projects projects
International
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Geographical
targets
Methodological
rules
Investment type
Action plans
The project targets entrepreneurs and project sponsors who do
not have access to bank loans, notably the unemployed and
Investments in France
low-income individuals. Schneider Electric and Schneider Initiatives
Entrepreneurs, an association that nurtures spin-offs, finance part
La Foncière Chênelet is a Chênelet Group employment of the microloans granted to electrical businesses through ADIE.
opportunity company formed to counter energy precariousness by Schneider Electric’s French sales division has also created a pact
creating energy-efficient social housing. Moreover, construction with dedicated technical training resources combined with support
sites bring together employment opportunity companies and from a local sales representative to help these entrepreneurs.
conventional firms to promote rehiring of the unemployed.
Investments internationally
SIDI (International Solidarity for Development and Investment) is an
investment fund that assigns priority to the impact on development One transaction was concluded as part of the SEEA international
rather than return. The fund is an important partner of SEEA and is portfolio in2012:
particularly active in the microfinance sector. Simpa Networks, a company based in Bangalore (India) whose
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LVD Énergie (formerly Solasyst) is a company of “La Varappe” business is to make Individual Solar Systems available to
employment opportunity group based in Aubagne, France. The disadvantaged people through a specifically developed
company specializes in renewable energies solutions and has prepayment system. Simpa relies on a network of partners such
developed specific skills in integrated solar panel installation. as Selco to distribute the systems.
Backed by SEEA’s investment, Solasyst will open two new Discussions are under way for other partnerships in Africa.
branches in the south of France. This international investment follows up on transactions carried out
Partnership with the ADIE
since2011:
Schneider Electric set up a project two years ago in partnership Kayer SARL, a Senegalese company involved in the distribution
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with the Association pour le Droit à l’Initiative Économique (ADIE) to of solar systems in rural areas. Its offering includes individual
help entrepreneurs start businesses in the electricity sector. The systems (SHS) as well as collective systems for supplying
goal is three-fold: irrigation pumps or agricultural windmills;
help individuals who have in some cases been out of the
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workforce for several years create their own jobs in a promising
industry;
contribute to the local economy;
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promote the electricity sector.
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96 2013 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC