Ex-ante disclosure of the Environmental and Social Management System (ESMS) for the funding proposal of the &Green Fund for the Green Climate Fund (GCF).
FMO, together with Sail Ventures, is currently developing a funding proposal for the Green Climate Fund (GCF) entitled Andgreen Fund (&Green).
&Green is a blended finance debt fund investing in commercial projects that can demonstrate decoupling of commodity production from deforestation, while being socially inclusive. &Green is focused on tropical forest jurisdictions with progressive forest protection strategies and targets in place. It targets commodities that are currently driving deforestation, such as palm oil, soy, beef, forestry (including rubber) and others. For more information, please visit: www.andgreen.fund.
The potential GCF programme will have two components: Component One focuses on the establishment and operation of the investment vehicle which will secure co-financing and invest directly in commodity supply chain businesses that embrace zero-deforestation production and forest protection. Component Two provides a technical assistance facility that overcomes the capacity and information barriers facing commodity producers and neighbouring communities, while building a community of practice for replication and scale-up for producers in target countries.
As part of the Green Climate Fund's policies, the documents that you can download below contain the ex-ante disclosure of the Environmental and Social Management System (ESMS) for &Green. The ESMS allows for projects up to a I-1 Environmental & Social (E&S) risk category.
Note, there are disclosures for each country in which &Green intends to invest: