Green SMME Investment

The Green Outcomes Fund, in partnership with The Jobs Fund, will incentivise the Catalytic Finance Partners (CFPs) that it has partnered with to invest in green businesses, as well as track verifiable green metrics. Under GOF, Green SMMEs and Green Metrics have been outlined as follows:

SMMEs

• An SMME shall have the meaning as ascribed to the term ‘small enterprise organisation’ in The National Small Enterprise Act 102 of 1996 (as amended).

Green SMMEs

• Green SMMEs are defined as businesses* that limit or prevent harm to the natural environment relative to conventional alternatives. The term ‘green SMME’ refers to the total governance of the business, which includes knowhow, procedures, goods and services, equipment as well as organisational and managerial procedures. In addition, green SMMEs:
  • Are less polluting and/or use all natural resources in a more sustainable manner and/or
  • Recycle more of their wastes and products and/or
  • Handle residual wastes in a more acceptable manner

*Businesses

• Businesses are defined as either one of the following:
  • Providing a consulting, advisory, financial, or capacity-building services, and /or;
  • A manufacturer of green goods, products, technologies, or equipment, and/or;
  • A supplier of green goods, products, technologies, or equipment, and/or;
  • An installer of manufactured green goods, products, technologies, or equipment, and/or;
  • Providing maintenance, repairs or servicing functions of green goods, products, technologies, or equipment, and/or;
  • End users of green goods, products, technologies, or equipment used to green a business.