SUSTAINABLE OCEAN FUND

Promoteur – Intermédiaire Financier

ALTHELIA CLIMATE FUND GP SARL

Lieu

• Régional - Afrique
• Régional - Caraïbes
• Régional - Pacifique
• Régional - Amérique latine
• Régional - Asie

Description

Investment fund targeting underperforming sustainable fisheries and aquaculture projects

Objectifs

Investments in underperforming sustainable fisheries and aquaculture projects, including related responsible supply chains and other sustainable coastal activities, financing transition towards sustainable, commercially orientated practices and generation of tangible assets with best-in-class environmental, social and governance standards

Secteur(s)

• Agriculture, pêche, sylviculture - Agriculture, sylviculture et pêche

Montant BEI envisagé (montant approximatif)

USD 20 million (EUR 17 million)

Coût total (montant approximatif)

USD 100 million (EUR 84 million)

Aspects environnementaux

The fund's strategy is to target and upgrade projects with an existing business model to have an enhanced environmental and social impact, while retaining a commercial focus. It aims to i) support resource recovery of fish stocks and invest in aquaculture activities, ii) improve fishery supply chains and related infrastructure and iii) develop other sustainable coastal activities (e.g. payment for ecosystem services and access to energy). The fund will apply a comprehensive and tested environmental and social governance approach that identifies and mitigates operational risks, supports the project transition to sustainability, and assists in successful project design and implementation.

Passation des marchés

The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

Statut

Signé - 29/06/2018