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.
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).
|Date||Total FMO financing|
|11/25/2021||USD 31.50 MLN|
|11/25/2021||USD 1.75 MLN|
|11/2/2021||EUR 0.10 MLN|
|3/5/2021||USD 10.00 MLN|
|3/5/2021||USD 5.00 MLN|
- Website client
- Agribusiness, Food & Water
- Signing date
- Total FMO financing
- USD 10.00 MLN
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)