CO2 OPERATE B.V. (FMO-55564)

Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Specific Location
West Sumatra
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
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.
Voting Date
Feb 6, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Co2Operate B.V.
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)
$ 0.02 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 0.02 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Apr 2, 2019


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Project Description

According to the bank document, the Co2Operate B.V. (Customer/Client) is a social enterprise and the holding company behind the Gula Gula Food Forest Program in West Sumatra, Indonesia. And the Customer is planning to scale up significantly, based on the successful restoration of 200 hectares of degraded forest land, including the planting of productive trees.

With the funding, the Customer is drawing up a business plan for the scaling up that can be used to approach potential financiers (including FMO) and offtake clients that are interested to purchase Co2 certificates to offset their carbon footprint.

Co2Operate B.V. is a Dutch developer targeting Dutch off take clients for Co2 certificates. The project is supportive of SDG 1 and 15 (amongst others). And the project aims to combine reforestation with improving the livelihoods of local communities.

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors

Co2Operate B.V., a social enterprise and the holding company behind the Gula Gula Food Forest Program in West Sumatra, Indonesia.

Contact Information

*There is no further information being revealed at this stage of the project*

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