Release date: 24 November 2016
Promoter – Financial Intermediary
EcoEnterprises Capital ManagementLocation
Description
An investment fund targeting projects that deliver biodiversity benefits through the sustainable use of natural resources
Objectives
The fund aims to invest in pro-biodiversity businesses that encourage sustainable use and conservation of natural resources, preserve and restore vulnerable ecosystems and biodiverse landscapes, mitigate climate risk and build resilience in local economies and communities in Central and South America.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
USD 20 million (EUR 18 million)
Total cost (Approximate amount)
USD 100 million (EUR 90 million)
Environmental aspects
The fund's investment criteria and environmental and social due diligence procedures have been included in the fund's environmental and social policies and guidelines as well as its environmental and social management system. These will ensure that the underlying projects are implemented in compliance with national requirement and with EIB environmental and social standards.
Procurement
The fund will be required to ensure that implementation of the underlying projects is done in accordance with the EIB Guide to Procurement.
Status
Signed - 11/05/2018
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).