ASIA CLIMATE PARTNERS FUND (EIB-20150858)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Regional
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ EIB website

Updated in EWS Nov 20, 2017

Disclosed by Bank Mar 11, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
According to bank documents, the project/fund is a private equity fund promoted by Asia Development Bank, Orix Corp. and Robeco to invest in mid-market growth equity investments in renewable energy, resource efficiency and other environmental sectors in emerging Asia The fund will focus on providing growth capital to businesses related to renewable energy, resource efficiency and other environmental sectors with up to 30% of committed capital in India and China, respectively, and the remainder in southeast Asian countries. This operation is intended to support investments that will contribute to climate action by avoiding or reducing greenhouse gas emissions. The planned investments are expected to have limited negative environmental and social impact.The fund's environmental and social (E&S;) policy is in line with the requirements of the Asian Development Bank, and E&S; management systems and organisation are in place. The Bank will require the projects to be financed to be compliant with EIB social and environmental standards and guidelines. The capacity of the Fund Manager to assess and monitor E&S; impact and risks of the individual investments to the satisfaction of the Bank will be further assessed during appraisal.
Investment Description
  • European Investment Bank (EIB)
Contact Information
No contact information provided at the time of disclosure. ACCOUNTABILITY MECHANISM OF EIB The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form, via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces