STICHTING ANDGREEN.FUND
Status: Approved investmentWhy disclosure?
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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
&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.
What is our funding objective?
With FMO’s financing, &Green will further expand its portfolio of investments and mobilize funds from private and public institutions.
Why do we fund this investment?
FMO is additional primarily by providing a concessional debt with long tenor. High risk, long-tenor capital for forestry/ sustainable agriculture is scarce. The funding is provided by the Mobilising Financing for Forests (MFF) programme.
What is the Environmental and Social categorization 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 |
|---|---|
| 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 |
| 3/5/2021 | USD 10.00 MLN |
- Website customer/investment
- http://www.andgreen.fund/
- Country
- Global
- Sector
- Agribusiness, Food & Water
- Publication date
- 10/8/2021
- Effective date
- 11/25/2021
- Total FMO financing
- USD 31.50 MLN
- Funding
- Mobilizing Finance for Forests
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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