Low Carbon Gordano Ltd. (LCG) is registered as a community benefit society. One tangible expression of this commitment is the Community Benefit Fund.
LCG has a Community Benefit Fund Policy which requires the Board to recommend an amount of money to its membership at each Annual General Meeting. Once approved, the Board top-slice a sum to be given as a grant to a carbon-saving project in the developing world, usually 10%. The remainder is used to grant aid to local carbon-saving projects.
Since 2019, LCG has contracted with Quartet Community Foundation, a charitable body in Bristol, which advertises, administers and then follows up the grant aiding process in return for a fee. That same year, LCG combined its fund with that of Bristol Energy Co-Operative to form The Megawatt Fund and the two organisations now share the responsibility for selecting the local projects.
In the last round, 2020, LCG donated £1,500 to Mend the Gap, a North Somerset charity that sponsors education projects in the Masai Mara region of Kenya.
The combined fund available for local projects totalled £49,717. It was heavily oversubscribed but culminated in fourteen local projects receiving grants covering a range of carbon saving initiatives e.g. climate change education, tree planting, community allotments, double glazing, LED lighting etc.
Summary of Community Benefit Fund Payments to date
|YEAR GRANT PAID
||LCG FUND CONTRIBUTION £
||DEVELOPING WORLD GRANTS £
||LOCAL PROJECTS GRANTS TOTAL £
||No. OF LOCAL PROJECTS GRANT AIDED