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        CRAFT - CLIMATE RESILIENCE SOLUTIONS FUND LCFP

        Signature(s)

        Amount
        € 5,000,000
        Sector(s)
        Services : € 5,000,000
        Signature date(s)
        11/12/2019 : € 1,000,000
        11/12/2019 : € 2,000,000
        11/12/2019 : € 2,000,000

        Summary sheet

        Release date
        12 December 2018
        Status
        Reference
        Approved | 26/03/2019
        20180513
        Project name
        Promoter - financial intermediary
        CRAFT - CLIMATE RESILIENCE SOLUTIONS FUND LCFP
        LIGHTSMITH GROUP LLC
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 5 million
        EUR 220 million
        Location
        Sector(s)
        Description
        Objectives

        The project consists of an investment fund financing climate change adaptation and climate-resilience solutions promoted by private companies in or for the benefit of develloping countries. The investment is made under the Luxembourg-EIB Climate Finance Platform trust fund.

        The fund aims to provide growth equity to private companies - especially in the African, Caribbean and Pacific group of States (ACP) - developing climate change adaptation and climate-resilience solutions, particularly for the benefit of developing countries and their vulnerable populations and livelihoods. The Fund, domiciled in Luxembourg, has a target size of USD 250m and is managed by Lightsmith Resilience Partners.

        Environmental aspects
        Procurement

        The fund's operational guidelines will provide for environmental and social due diligence of investee companies according to guidelines acceptable to the Bank.

        Not Applicable.

        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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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