IMPACT Investment Awards 2025

Impact initiative of the year - global: Leapfrog Alliance

The Leapfrog Alliance, launched by Energy Peace Partners in 2024, aims to strengthen corporate incentives for clean energy procurement that help expand energy access in underserved, under-electrified regions.

Bringing together 19 global nonprofits across clean energy, climate, peace, and development, this coalition seeks to address legacy imbalances and inequities in greenhouse gas accounting and disclosure frameworks.

With the GHG Protocol and Science Based Targets initiative (SBTi) public consultations currently underway, the Leapfrog Alliance advocates for clearer guidance and stronger corporate incentives in voluntary markets. It highlights current "market boundary" restrictions for Scope 2 target-setting and accounting.

The inability for companies to "count" in their standard greenhouse gas emission reporting the clean energy they procure outside their market boundary to expand energy access effectively limits the extent to which companies can support these high-impact projects, it says.

Being able to do this would help scale demand for solutions like Peace Renewable Energy Credits (P-RECs), which Energy Peace Partners launched to support new renewable mini-grids and linked community projects in the world's most fragile and under-electrified countries, primarily in sub-Saharan Africa.

One IMPACT Investment Awards judge commended the initiative for its cross-sector collaboration and focus on underserved communities while working to improve international standards.