Audit report on the financial statements as of December 31st, 2024

The audit report for Sustainable Energy for All (SEforALL) for the 2024 fiscal year concludes that the financial statements present a true and fair view of the organization's assets and financial performance in accordance with Austrian Generally Accepted Accounting Principles and the Austrian Association Act. The organization reported total income of $47,793,073 and total expenses of $47,869,500. A significant institutional transition is underway, with SEforALL moving from a Quasi-International Organisation (QIO) to a program hosted by the United Nations Office for Project Services (UNOPS). The audit also notes a legal risk regarding a former employee's claim to establish an employment relationship with the association.

• The auditor issued an unqualified opinion, stating that the financial statements for the fiscal year ending December 31, 2024, were prepared in accordance with legal regulations and fairly represent the organization's assets, financial position, and performance.
• SEforALL is undergoing a structural transition to dissolve its status as a Quasi-International Organisation (QIO) and become a program hosted by the United Nations Office for Project Services (UNOPS) under joint hosted arrangements (JHA).
• Total income for the 2024 period was $47,793,073, while total expenses amounted to $47,869,500.
• The organization's largest expense categories in 2024 were personnel expenses at $16,443,539 and consultancy fees at $15,755,250.
• SEforALL disbursed $9.7 million in grants in 2024, primarily through the Results-Based Financing Facility for the Universal Energy Facility (UEF), and $0.1 million via the Innovation Fund for Powering Healthcare Facilities.
• The organization faces a legal risk involving a former UNOPS-contracted employee who filed a lawsuit to establish an employment relationship with SEforALL, which could potentially lead to further declaratory judgments for other employment relationships.
• Consultancy activities in 2024 included a hospital electrification project in Sierra Leone, energy audits for mini-grid sites in Zambia, and a clean cooking plan for Rwanda.
• The organization's total assets decreased from $60,669,747 at the end of 2023 to $37,755,493 at the end of 2024.

APA

Sustainable Energy for All (n.d.). Audit report on the financial statements as of December 31st, 2024. https://www.seforall.org/system/files/2025-09/SEforALL-Audit-Report_2024.pdf

Chicago

Sustainable Energy for All. Audit report on the financial statements as of December 31st, 2024. n.d. https://www.seforall.org/system/files/2025-09/SEforALL-Audit-Report_2024.pdf.

Wikipedia

{{cite report |author=Sustainable Energy for All |title=Audit report on the financial statements as of December 31st, 2024 |url=https://www.seforall.org/system/files/2025-09/SEforALL-Audit-Report_2024.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{sustainableenergyforallndaudit, author = {{Sustainable Energy for All}}, title = {{Audit report on the financial statements as of December 31st, 2024}}, institution = {Sustainable Energy for All}, url = {https://www.seforall.org/system/files/2025-09/SEforALL-Audit-Report_2024.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }