CONSERVATION INTERNATIONAL FOUNDATION
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
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
Conservation International Foundation (CI), a US-based NGO dedicated to nature conservation, landscape restoration and biodiversity. FMO’s Forestry team is looking to set up a formal partnership with CI focused on knowledge sharing, origination/early lead sourcing and ESG and impact. This project will be a pilot for this partnership. Suriname, 93% of which is covered in forest, and which has a strong local CI office in place, is the right location to pilot the partnership and for FMO to learn if and how the generation of carbon credits can play a role in forestry conservation while supporting local communities.
What is our funding objective?
FMO, through BP, will provide a repayable development contribution (RDC) to CI to set up the Climate Smart Forestry Program (CSF-P). The CSF-P aims to incentivize forest conservation through generating carbon credits by i) reduced impact logging and ii) ecosystem services in the forests by local communities in Suriname. The benefits of the carbon credits will be split between the local communities, the concessionaires, the initial investors (including FMO/BP) and the Surinamese government as owner of the forest land.
Why do we fund this investment?
The primary objective is to examine if a possible partnership with CI is the right fit by doing a joint project. The secondary objective is to test if an innovative financing mechanism centered around carbon credits is feasible.
- Website customer/investment
- https://www.conservation.org/
- Region
- Latin America & The Caribbean
- Country
- Suriname
- Sector
- Agribusiness, Food & Water
- Effective date
- 11/21/2022
- Total FMO financing
- EUR 1.33 MLN
- Funding
- Building Prospects