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Ennovent through the Impact Investment Holding, invested in Hasiru Dala Innovations (‘HDI’) – who offer waste management services for events, municipalities and office buildings, together with waste-to-value facilities. Besides making waste management eco friendly, HDI works towards improving wastepickers’ livelihoods and working conditions.
The follow-on investment in HDI aims to support the company to tide through the global pandemic, and grow its total waste management business in the residential sector. The support will help the business accelerate the growth of their plastic aggregation work by diversifying the number of plastic waste streams processed.
Since 2015, Hasiru Dala has managed over 1345 tonnes of waste each week, while cumulatively co-processing 822 tonnes of plastic and recycling 433 tons of PET plastic waste. It has created predictable livelihoods for over 300 wastepickers and 23 wastepicker entrepreneurs.
2021
Scheuch Family Trust
Dear Friends,
Thank you for your interest in Ennovent! We closed down Ennovent’s operations at the end of March 2024.
We had been deliberating about continuing our work in the changing overall market and impact space during the last year. The decision to close came after careful consideration of major policy shifts, changing funding priorities and market challenges that have significantly affected our business model.
Reflecting on our journey since 2008, we are filled with great pride in the legacy Ennovent leaves behind. We have been a catalyst for more than 250 ventures across 40 countries through our involvement in 90 projects. Our mission has always been to promote businesses with sustainable solutions for low-income markets, a goal that we pursued with unwavering commitment. As we move forward, our team members remain dedicated to pursuing lasting sustainable impact through their future endeavours.
We deeply appreciate your support and patronage over the years.
Warm regards,
Team Ennovent
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