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According to the Bank’s website, the project consists of a fund focusing on nature-based solutions through forestry projects and sales of carbon credits.
The Fund will invest in nature based solutions projects including reforestation, afforestation and wetlands and mangrove restoration projects. Primarily emerging markets in non-OECD countries will be targeted, with the objective to promote climate resilience, protect nature ecosystems, which are anticipated to deliver biodiversity and social co-benefits. The Fund will contribute to climate adaptation targets by creating nature-based carbon credits with environmental integrity.
According to the Environmental and Social Data Sheet, some of the Fund’s investments may require an Environmental and Social Impact Assessment (ESIA). The Fund’s ESMS outlines requirements for ESIA preparation and disclosure, aligned with Environmental and Social Standards. For high and medium-risk projects, ESIAs and associated mitigation plans must be disclosed publicly in advance, ensuring stakeholder engagement, transparency, and compliance with applicable national permitting regulations.
Ardian is a private equity investment firm, managing or advising $180bn of assets. The company is based in France, founded and managed by Dominique Senequier. It is one of the largest European-headquartered private equity funds.
No contacts available at the time of disclosure.
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You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm
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