Project detail - STICHTING ANDGREEN.FUND

STICHTING ANDGREEN.FUND

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Who is our client

&Green is a Debt Fund, incorporated by IDH in 2017, with the Norwegian Government as anchor investor. The Fund’s mission is to deliver inclusive, sustainable, and deforestation free commodities-/forest products i.e. palm oil, soy, livestock, rubber, and plantation forestry. As part of its mission, these projects need to be embedded in a Landscape Protection Plan. The Fund’s goal is to prove that financing inclusive, sustainable and deforestation-free commodity production can be commercially viable and replicable.

Funding objective

With FMO’s financing, &Green will further expand its portfolio of investments and mobilize funds from private and public institutions.

Why we fund this project

FMO is additional primarily by providing a long tenor, and by filling a financing gap. High risk, long-tenor capital for forestry/ sustainable agriculture is scarce.

Environmental and social rationale

The environmental and social risks of the transaction have been classified as category A due to the broad portfolio of potential investees with different level of risks including business activities with potential significant adverse environmental or social risks and/or impacts that are diverse, irreversible, or unprecedented. The fund has a dedicated E&S team, ESG risk framework and a systematic approach to assess and appropriately manage E&S risks, nevertheless, their portfolio is exposed to contextual, and legacy risks; social and biodiversity risks, and supply chain risks which must be managed in a manner consistent with all IFC Performance standards (IFC PS 1-8). The transaction includes an Environmental and Social (E&S) Action Plan with the objective of supporting the implementation of the fund’s Environmental and Social Management System, stakeholder’s management, and impact reporting. (IFC PS 1).

More investments

Date Total FMO financing
3/5/2021 USD 5.00 MLN
3/5/2021 USD 10.00 MLN
Website client
http://www.andgreen.fund/
Country
Global
Sector
Agribusiness, Food & Water
Signing date
3/5/2021
Total FMO financing
USD 10.00 MLN
Fund
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