FMO intends to fund this investment as part of this strategic effort to reach its own GHG goals while realising an acceptable risk-return level. It has been well documented that investing in (commercial) forestry and forestry related activities contributes significantly - and most efficiently - to the GHG targets. Also, forestry generates more than average (rural) employment than other productive industries.
The Africa Sustainable Forestry Fund II (ASFF II) is a private equity fund that seeks to continue the strategy as implemented by ASFF I i.e. acquiring/developing attractive assets across the forestry value chain in Africa, from plantations to industrial operations. Key objectives of ASFF II are to produce high-value building materials that are currently imported and to implement tailor-made biomass energy solutions. ASFF II will capitalise on the investment team’s experience, network and platform to acquire and improve the management of FSC certified plantation assets and develop downstream manufacturing operations to produce forest products needed to meet demand driven by increased urbanisation and accelerating economic growth in Africa.
(Contact details not provided at the time of disclosure)
ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism.