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Improved cooking stoves
SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Consumer Goods Retail
Business Model Description
Manufacture and distribute energy efficient cooking stoves for low income earners and rural communities.
Reduce fuel emissions from burning wood and contribute to air quality and health outcomes.
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
5% - 10% (in ROI)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
94% of Nigerians have been using dirty fuels for cooking.
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 500,000 - USD 1 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Photo by VC4A / Powerstove
Case Study: Powerstove provides affordable and sustainable energy solutions to meet household’s energy demand
Established in 2018, Powerstove develops affordable and sustainable energy solutions to meet the energy demand from households in Sub-Saharan Africa. The Powerstove clean cookstove combines clean energy, IoT and mobile phone technology.
Photo by D-OLIVETTE
Case Study: D-OLIVETTE turns waste into clean energy, reusable clean water and food
D-OLIVETTE, a finalist of the EU-UNDP Nigeria Growth Stage Impact Ventures (GSIV), is a Carbon Trust & Footprint Africa Certified Domestic Bio-refinery social enterprise that builds and distribute technologies that turn biodegradable and organic waste into clean energy, reusable clean water and more food. The company was established in 2018 in Lagos and provides clean cooking solutions to over 19 000 users across Nigeria and Benin.