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First Investment in France by The GDF SUEZ Rassembleurs d'Energies Solidarity Company to Develop Energy-efficient Public Housing - The GDF SUEZ Rassembleurs d’Energies solidarity company has signed its first investment in France with the Chênelet real estate company, which designs and builds energy-efficient public housing for low-income people in France - GDFSUEZ.com
First Investment in France by The GDF SUEZ Rassembleurs d'Energies Solidarity Company to Develop Energy-efficient Public Housing

 

NewswireToday - /newswire/ - Paris, France, 2012/04/11 - The GDF SUEZ Rassembleurs d’Energies solidarity company has signed its first investment in France with the Chênelet real estate company, which designs and builds energy-efficient public housing for low-income people in France - GDFSUEZ.com. FR0010 208488

   
 
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Created in 2011, this solidarity company is among others supported by the GDF SUEZ Rassembleurs d’Energies solidarity fund, which is the first of its kind in terms of size and within the energy industry. This fund will reach 100 million euros by the end of 2013, of which, up to 10% will be invested in socially responsible companies active in the fields of improving energy access and reducing energy insecurity. It will be supported by an investment fund for company employees (Fonds Commun de Placement d’Entreprise or FCPE), that will be offered beginning of this year to the Group’s 160,000 employees and retirees in France as part of the employee savings plan.

For its first investment, the GDF SUEZ Rassembleurs d’Energies solidarity company, has decided to support Chênelet real estate company. The latter is a socially responsible company that employs people mainly in job placement programs to build low-energy-certified public housing for tenants eligible for subsidized housing. This €300,000 investment involves acquiring a 15% minority interest in the company and will contribute to the construction of 70 additional housing units in 2012 and 2013.

On top of the involvement of Group’s employees during the preliminary stages and the follow up of the projects, the FCPE will enable all the French employees to have an opportunity to become stakeholders in an ambitious social initiative consistent with their skills while doing something meaningful with their savings.

This fund will supplement the measures taken by the GDF SUEZ Corporate Foundation and by the Group’s employee associations, which have provided, through their achievements, energy access to more than one million people around the world in the last 10 years.

Gérard Mestrallet, the Chairman and CEO of GDF SUEZ, took this opportunity to note that “Access to energy and the fight against energy insecurity, the reasons behind the GDF SUEZ Rassembleurs d’Energies initiative, are essential elements for access to development. Their impact on education and health are the main factors behind the commitment of GDF SUEZ and its employees to the GDF SUEZ Rassembleurs d’Energies initiative. Many projects will be looked at throughout the world, not withstanding our historical markets.”

About GDF SUEZ
GDF SUEZ (gdfsuez.com) develops its businesses around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, combating climate change and optimizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: liquefied natural gas, energy efficiency services, independent power production and environmental services. GDF SUEZ employs 218,900 people worldwide and achieved revenues of €90.7 billion in 2011. The Group is listed on the Brussels, Luxembourg and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone and ECPI Ethical Index EMU.

Investor relations contact:
T: +33 (0)1 44 22 66 29 - E: ir[.]gdfsuez.com.

 
 
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Written by / Agency / Source: GDF SUEZ | ENGIE

 
 

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First Investment in France by The GDF SUEZ Rassembleurs d'Energies Solidarity Company to Develop Energy-efficient Public Housing

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GDF SUEZ |
Publisher Contact: Press Office - GDFSUEZ.com 
+33(0)1 44 22 24 35 gdfsuezpress[.]gdfsuez.com
 
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