INCAE BUSINESS SCHOOL
Status: Completed investmentWhy disclosure?
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In case of questions
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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 Latin American Centre for Competition and Sustainable Development (CLACDS) is part of INCAE (a Central American business university founded by Harvard University). CLACDS has contacted FMO to become a capital partner in an upgrading of the Ecobanking Initiative. Ecobanking has been in existence for over 10 years, promoting sustainable banking through developing and sharing knowledge on environmental and social risk management and broader sustainable finance topics.
What is our funding objective?
This FMO capacity development capital contribution allows Ecobanking to begin the second phase of its upgrade and thus advance the sustainability agenda in the region and work toward mainstreaming sustainability opportunities (i.e. green finance).
Why do we fund this investment?
In Central America, there are a significant number of institutions that are implementing environmental and social (E&S) risk management systems – many are FMO clients. The region is close to a tipping point, at which E&S risk management ceases to be an international investor requirement and becomes part of local best practice. Through the Ecobanking Initiative, FMO can 1) accelerate this market transition; 2) strengthen its position and reputation as a leading development finance institution in sustainable banking; and 3) provide FMO clients with existing E&S management system opportunities to grow their sustainability efforts through green lending programs.
- Website customer/investment
- http://incae.edu/en
- Region
- Latin America & The Caribbean
- Country
- Latin America & The Caribbean
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 8/27/2014
- End date
- 8/29/2018
- Total FMO financing
- EUR 0.19 MLN
- Funding
- FMO NV