COOPERATIEF CI2 CONSTRUCTION EQUITY FUND U.A.
Status: Approved investmentWhy disclosure?
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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
Cooperatief CI2 Construction Equity Fund U.A. (“CEF”) is being raised by Climate Fund Managers (“CFM”) as part of the Climate Investor 2 ("CI2") initiative. CFM was established in 2015 as a joint venture between FMO, the development finance institution of the Netherlands, and Sanlam Infraworks, a platform company of the Sanlam Group, one of Africa's leading financial services groups. CFM is a strategic initiative to support the raising of public and private capital for climate finance in a blended structure and at scale, while addressing a number of bottlenecks in financing climate related infrastructure, notably lack of well-developed assets and the long timelines involved in obtaining project finance for construction.
What is our funding objective?
Climate Investor 2 invests in the development, construction, and operation of infrastructure projects in the Water, Sanitation and Oceans sectors in emerging markets globally, taking environmentally and social returns carefully into account in addition to the financial returns. CI2 aims to predominantly finance projects in the water treatment & supply, wastewater treatment and waste-to-energy sectors in eligible countries in Asia, Africa and Latin America.
Why do we fund this investment?
The investment fits FMO’s mandate of contributing to climate action while mobilizing commercial investors. CI2 is being raised by CFM on the back of launching Dutch Fund for Climate & Development (“DFCD”), which channels the Dutch government commitment to international climate finance. CI2 endeavors to create social and environmental impact by developing and building water, sanitation and ocean related infrastructure projects.
What is the Environmental and Social categorization rationale?
Category A Fund, due to investments in high-risk sectors, which will require strong ESG management throughout the whole project life-cycle. The Fund will invest in construction activities with higher probability of potential negative impacts. The risk profile of the projects under development is generally cat B+ but the investment scope also allows for category A investments to be made. CFM is an experienced fund manager with a strong E&S expert team and a sophisticated ESMS in place, both of which will be expanded further to reflect the latest insights and fit the Climate Investor 2 sector scope, which differs from the sector scope of Climate Investor 1.
Sub investments
Disclaimer
This data is updated annually so some investments might no longer be in FMO’s portfolio, while some newer investments may not yet be shown.
| Name | Country | Region | Sector |
|---|---|---|---|
| Oceans Finance Company B.V. | Ecuador | LATIN AMERICA & THE CARIBBEAN | Agri, Food and Water |
- Website customer/investment
- https://climatefundmanagers.com/investments/
- Country
- Global
- Sector
- Infrastructure, Manufacturing and Services
- Publication date
- 6/9/2021
- Effective date
- 11/8/2021
- Total FMO financing
- USD 35.00 MLN
- Funding
- FMO NV
-
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