NEW FORESTS TROPICAL ASIA FOREST FU
Status: Approved investmentWhy disclosure?
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In case of questions
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
A decline in natural forest timber supply and a need for sustainably managed timber plantations led to the establishment of the Tropical Asia Forest Fund (TAFF). TAFF is a EUR 76 mln private equity fund managed by Australian-based fund manager New Forests Pty Limited, an experienced fund manager in sustainable forestry and associated environmental markets.
What is our funding objective?
TAFF intends to introduce best in class management systems and modern forestry practices to hardwood timber plantations and environmental assets that are often poorly managed or abandoned. The fund will target FSC certification for its projects and will drive the protection and improvement of existing forest ecosystems.
Why do we fund this investment?
This projects meets the objectives of FMO’s climate change focus. The investment in TAFF supports an ambitious initiative in a new asset class in the Asia-Pacific region that should reduce the pressure on clearing standing forests and contribute generously to the reduction of CO2 emissions.
- Region
- Asia
- Country
- Asia
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 6/8/2012
- Total FMO financing
- USD 12.87 MLN
- Funding
- Building Prospects
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A