Release date: 8 June 2010
Promoter – Financial Intermediary
EcoEnterprises Capital Partners
Location
Description
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.
Objectives
The fund aims to make a commercial return whilst contributing to generate a positive impact on biodiversity.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 5 million or USD 6 million
Total cost (Approximate amount)
USD 40 million
Environmental aspects
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.
Procurement
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.
Status
Signed - 7/12/2011
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).