ECOENTERPRISES PARTNERS III, L.P.
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
EcoEnterprises Partners III is an investment fund that offers tailored growth capital and strategic guidance to innovative impact businesses operating in Latin America in order to scale and optimize their financial, environmental and social performance.
What is our funding objective?
EcoEnterprises Partners III will invest in compelling, scalable small businesses that actively contribute to the creation of sustainable livelihoods, the sustainable use and conservation of natural resources, the preservation of vulnerable eco-systems and bio-diverse working landscapes, and the mitigation of climate risks.
Why do we fund this investment?
The intended investment in EcoEnterprises Partners III is a strong fit with FMO's investment strategy, as the Fund’s objectives are to empower local entrepreneurs and their communities, to reduce inequalities, and to preserve our most important asset: Planet Earth.
What is the Environmental and Social categorization rationale?
The environmental and social category is A for EcoEnterprises Partners III, since the Fund invests in smaller agricultural companies, some with outgrower schemes and some making use of wild harvesting. Due to the size of the companies and setup of the sourcing of product, there are relatively low levels of mechanization and hence more manual labor. As a result, PS 1, 2, 4 and 6 are triggered, and in isolated instances PS 5. EcoEnterprises Partners III has an Environmental and Social Management System (ESMS) in place which has proven strong and effective in managing E&S risks in past investments. FMO will play a supporting role in further enhancing the ESMS to make it state-of-art in all aspects. The fact that investments will be certified and compliant with IFC PS, alongside FMO’s monitoring scheme, provides additional comfort that environmental and social risks will be well managed.
- Region
- Latin America & The Caribbean
- Country
- Latin America & The Caribbean
- Sector
- Agribusiness, Food & Water
- Publication date
- 3/8/2018
- Effective date
- 5/11/2018
- Total FMO financing
- USD 7.50 MLN
- Funding
- Building Prospects
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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