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Central Energy Fund

Central Energy Fund (CEF) is a fully state-owned company headquartered in South Africa. In 2021, its revenue was USD 0.94 billion. The CEF Group operates several wholly owned subsidiaries across the energy sector value chain namely: AEMFC, iGAS, PASA, PetroSA, and SFF. PetroSA, the largest subsidiary in the Group, is the company that was assessed in the previous 2021 ACT assessment, scoring 0.5E-. PetroSA operates in the oil and gas exploration and production sector. All of CEF’s upstream oil and gas activity is under PetroSA’s control, while a proportion of its midstream gas operations are controlled by iGAS. The AEMFC mines and supplies coal for the generation of electricity. It supplies over of 1.5 million tons of coal per year.
Ranking position
#81 /99
Total score
4.3 /100

1.3 /60
Core social indicators
3.0 /20
Just transition
0.0 /20

ACT score components

Performance score
0.9 /20
Narrative Score
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-99)


#1 0.0 /100 #66

Material investment

#1 13.6 /100 #14

Intangible investment

#1 0.0 /100 #11

Sold products

#1 1.4 /100 #51


#1 0.0 /100 #90

Supplier engagement

#1 0.0 /100 #50

Client engagement

#1 0.0 /100 #45

Policy engagement

#1 6.0 /100 #76

Business model

#1 20.0 /100 #16
Indicates the score for the top performing company.

Act Assessment

Leading Practices

No leading practices were identified for this company.

Risks and Opportunities


Central Energy Fund (CEF) receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. In the next five years, CEF’s scope 1, 2, and 3 emissions intensity is projected to increase. CEF does not report any revenue from low-carbon products during this reporting year. The company also does not disclose any expected revenue from low-carbon products over the next five years. CEF does not appear to have a climate transition plan. The company does not report its emissions data and has no climate targets.

Progress towards the Paris Agreement

Social assessment

Just transition assessment

Core Social Assessment

See results for

  1. 2021

More about the company

Cape Town, South Africa
Fully state-owned
USD 0.9 billion

This company is part of the SDG2000, the 2,000 most influential companies

See company profile SDG2000