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Summary sheet

Release date
10 December 2024
Status
Reference
Under appraisal | 23/07/2024
20240330
Project name
Promoter - financial intermediary
ARDIAN NATURE BASED SOLUTIONS FUND
ACCEPTABLE CORPORATE(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 25 million
EUR 250 million
Description
Objectives

A fund focusing on nature-based solutions through forestry projects and sales of carbon credits.

The Fund will invest in nature based solutions projects including reforestation, afforestation and wetlands and mangrove restoration projects. Primarily emerging markets in non-OECD countries will be targeted, with the objective to promote climate resilience, protect nature ecosystems, which are anticipated to deliver biodiversity and social co-benefits. The Fund will contribute to climate adaptation targets by creating nature-based carbon credits with environmental integrity.

Environmental aspects
Procurement

The Fund will be required to develop an environmental and social policy and establish and maintain the appropriate environmental and social risk management system to identify, assess, manage, monitor and report environmental and social risks and impacts so as to comply with the environmental and social requirements of the Bank. The Fund will be required to identify and assess the environmental and social risks, impacts and opportunities as part of the standard due diligence process for each underlying investment, thereby ensuring that the investments are in compliance with applicable national and EU environmental and social legislation as well as the relevant EIB's Environmental and Social Standards. Details of the Fund's environmental and social due diligence procedures as well as the capacity of the Fund Manager to implement the environmental and social risk management system will be reviewed during appraisal.

The Bank will require the Fund Manager to take all requisite measures to ensure that contracts for implementation of the projects financed by the Fund will be tendered in line with the Bank's Guide to Procurement.

Milestone
Under appraisal
Link to source

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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