Mirova, ADEME Investissement, and Fondaction jointly invest 60 million euros in SOFIAC to enhance energy efficiency and support the decarbonization of French enterprises.

Information on the Target

SOFIAC is a pioneering company offering innovative investment solutions aimed at accelerating the energy transition and decarbonization of French enterprises. It was initially established in Quebec, Canada, by Econoler and Fondaction. The SOFIAC supports businesses in both the tertiary and industrial sectors by taking on 100% of the required investments to enhance the energy efficiency of their buildings. This approach is designed to significantly reduce energy costs and help companies achieve ambitious greenhouse gas (GHG) reduction targets outlined in their environmental, social, and governance (ESG) strategies.

SOFIAC provides comprehensive project development and management services, including energy audits, modeling, the selection and oversight of technical contractors, training for involved personnel, and independent performance monitoring. This integrated model allows businesses to focus on their growth while generating additional positive cash flow from energy savings from the outset of the partnership.

Industry Overview in France

France is pursuing rapid decarbonization across its buildings and industrial sectors to meet its climate objectives. The building sector is responsible for 18% of national greenhouse gas emissions and 47% of