Project detail - WORLD RESOURCES INSTITUTE

WORLD RESOURCES INSTITUTE

Status: Completed investment
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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

The World Resources Institute will act as FMO’s contracting party, undertaking work that will benefit in the first instance FMO’s Financial Sector clients in Paraguay, but also the global financial sector.

What is our funding objective?

The aim of this funding is to support the further development of Global Forest Watch (GFW) through creation of an application – GFW Finance - designed for the needs of financial institutions as they relate to environmental and social (E&S) risks relating to forests. It will provide near-real time information about forests, not only in Paraguay, but globally. GFW Finance will evaluate risks in forest commodity investments, identify potential E&S impacts, and track performance to meet internal and external reporting commitments, helping financial institutions focus their resources on what will have the greatest impact in their forest-related commodity investments and assets. It is also a workflow tool to support the process.

Why do we fund this investment?

This project is highly strategically relevant for FMO’s strategy in Paraguay as it lifts the quality of E&S management in the country’s financial sector. There is a good fit with FMO role as a sector-wide change agent in a country with urgent and challenging E&S dilemmas and few local incentives for improved E&S performance. The project addresses a pressing need for accurate and timely data for decision making and client engagement, and furthermore has utility beyond Paraguay.

Region
Latin America & The Caribbean
Country
Paraguay
Sector
Infrastructure, Manufacturing and Services
Effective date
1/20/2017
End date
12/29/2017
Total FMO financing
EUR 0.14 MLN
Funding
ForeignAffairs - CD