28 June 2023
Promoter – Financial Intermediary
The project consists in an impact thematic fund that will invest in sustainable land-use projects (incl. value-chain), across Latin America, Africa and Asia, and, to a lesser extent, OECD countries.
The aim is to provide long-term financing to sustainable land use projects in developing countries. Investments will mainly cover sustainable forestry, agroforestry and regenerative agriculture, including other sustainable land-use projects (e.g. green infrastructure and ecotourism), promoted by the Kunming-Montreal Global Biodiversity Framework (GBF).
Proposed EIB finance (Approximate amount)
EUR 5 million
Total cost (Approximate amount)
EUR 350 million
The fund will invest in sustainable land-based production systems, innovative social enterprises generating revenues through the production of tangible goods, including projects with both environmental (climate, biodiversity) and social impacts (inclusion of local communities). As a result, the fund will significantly contribute to achieve land degradation neutrality within the terms of the GBF.
The fund's environmental and social strategy will be evaluated during appraisal and projects will be required to meet international best practice standards, including third-party verified certification as appropriate.
The EIB will require the promoter to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement.
Under appraisal - 31/05/2023