Organizational Set Up
The European Energy Efficiency Fund (eeef) S.A., SICAV-SIF is a “société d’investissement à capital variable” governed by Luxembourg law of February 13, 2007 (as amended) and was initiated by the European Commission in cooperation with the European Investment Bank. The initial capitalization provided by the European Commission was increased with contributions from the sponsors European Investment Bank, Cassa Depositi e Prestiti as well as the Investment manager Deutsche Bank.
The Supervisory Board represents the Fund's shareholders. It conducts a permanent supervision of the management of the Fund and provides strategic advice to the Management Board on the overall development of the Fund's activities. It is appointed by the General Meeting of Shareholders.
The Fund’s shareholders are represented by the Management Board, which oversees the Fund’s activities and is responsible for strategic decisions. The Management Board is the legal representative of the Fund. In compliance with eeef's founding documents and applicable laws and regulations, it has an exclusive power to administer and manage the Fund.
The Management Board acts on behalf of the Fund, oversees its activities and is responsible for strategic decisions. The Management Board is the legal representative of the Fund. In compliance with eeef's founding documents and applicable laws and regulations, it has the power to administer and manage the Fund.
The Investment Manager conducts the Fund’s business on behalf of the Management Board and the Investment Committee.
The Investment Manager also manages the Technical Assistance Facility at arm’s length.
Photography: DALKIA / Jeff Molliere