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Signature(s)

Amount
€ 4,471,605.3
Sector(s)
Services : € 1,341,481.59
Industry : € 1,788,642.12
Signature date(s)
7/12/2011 : € 1,341,481.59
7/12/2011 : € 1,341,481.59
7/12/2011 : € 1,788,642.12
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Summary sheet

Release date
8 June 2010
Status
Reference
Signed | 07/12/2011
20100106
Project name
Promoter - financial intermediary
Ecoenterprises Fund II

EcoEnterprises Capital Partners

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 5 million or USD 6 million
USD 40 million
Description
Objectives

An investment fund targeting SMEs that generate conservation benefits through the sustainable use of biodiversity in Central and South America. The fund manager plans to complete between 10 to 15 investments.

The fund aims to make a commercial return whilst contributing to generate a positive impact on biodiversity.

Environmental aspects
Procurement

The investment criteria as well as details of the Fund’s environmental and social due diligence procedures will be reviewed and checked for consistency and compliance with EIB environmental and social principles and standards. In addition, the environmental and social risk management capacity of the fund manager will be assessed during appraisal. The legal documentation to be entered into by the Bank will include appropriate obligations on the fund manager to ensure that the portfolio companies are in compliance with national law and EIB environmental and social requirements.

The Fund’s investment guidelines will be required to ensure that appropriate procurement procedures are followed. Details of the Fund’s procurement due diligence procedures will be verified during appraisal.

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Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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