Faro Energy
São Paulo, Brazil
April 2016
Solar panel installation
Service with Significant Environmental Footprint
Brazil,
United States
Faro Energy provides fully financed onsite solar systems to companies across Latin America. Faro's customers save on energy bills, reduce energy price volatility and increase independence from the grid. Faro's investors benefit from stable, long term returns on their investment. Faro Energy partners with a network of local engineers and developers across the region, bringing together the best local knowledge and engineering skills with international capital and solar expertise. Faro Energy was known as Iwana Energy until June 2016 Faro Energy aims to accelerate the transition to a low carbon economy, by bringing innovative solar financing models to new markets. In many emerging markets, solar is already cost-competitive with grid power without subsidy. However, most energy consumers (of all sizes) want to pay for their energy as they use it rather than incurring large upfront costs. This makes lack of access to capital is one of the biggest barriers to rapid roll-out of solar. Ultimately, Faro aims to catalyse a large scale shift in global capital flows to a low carbon economy, by creating attractive, large scale investment opportunities - turning clean energy infrastructure in developing countries into a mainstream investment asset.
Overall B Impact Score
Governance 17.5
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Governance 17.5
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Workers 21.7
Workers evaluates a company’s contributions to its employees’ financial security, health & safety, wellness, career development, and engagement & satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.
Community 14.1
Community evaluates a company’s engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity & inclusion, economic impact, civic engagement, charitable giving, and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.
Environment 43.3
Environment evaluates a company’s overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company’s operations and, when applicable its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Customers 2.4
Customers evaluates a company’s stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts & media products, serving underserved customers/clients, and services that improve the social impact of other businesses or organizations.