TREENEWABLE FORESTRY AND CLIMATE FUND (EIB-20180607)

Regions
  • Africa
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
IWC INVESTMENT PARTNERS A/S
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 22.13 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 20 million
Converted using 2020-02-03 exchange rate.
Project Cost (USD)
$ 166.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 150 million
Converted using 2020-02-03 exchange rate.
Bank Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 3, 2020

Disclosed by Bank Oct 16, 2019


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Project Description

The project consists in a participation into a private equity fund investing in greenfield and early brownfield projects of sustainably managed forest plantations and forest restoration in Sub-Saharan Africa. The Fund will mainly target environmental infrastructure investments through a landscape restoration approach and sustainable forest management. Sustainable forest management delivers environmental benefits including climate change mitigation (through increased carbon sequestration) and adaptation (through improved watershed management, prevention of soil erosion and protection of biodiversity). The operation will also contribute to to Paris Agreement and to the United Nations Strategic Development Goals. The Fund will be required to develop an environmental and social policy and establish the appropriate management systems so as to comply with the environmental and social requirements of the Bank. The assessment of the environmental and social impacts and risks will be part of the Bank's standard due diligence process. The Fund will have to carry out for each underlying investment an environmental and social assessment, thereby ensuring that the portfolio and these investments are in compliance with national law and in line with the principles and standards of relevant EU environmental legislation as well as with the EIB Environmental and Social Standards.

 

 

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure

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