• India
Where the impacts of the investment may be experienced.
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
Bank Risk Rating
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
Dec 19, 2018
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.
Noble Environmental Technologies Europe B.V.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.46 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 0.40 MLN
Converted using 2018-12-19 exchange rate.
Primary Source

Original disclosure @ FMO website

Updated in EWS Aug 12, 2020

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Project Description

According to the bank's website, "Under the agreement signed, FMO will make development capital available providing for 50% of the costs of a feasibility study for the deployment of ECOR Living Factories in India. The agreement stems from the INDUS Forum, that aims to make all trade and investment between India and The Netherlands sustainable. INDUS Forum is an initiative of the Dutch Embassy in New Delhi and MVO Nederland, Europe’s largest sustainable business network."

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors
  • Noble Environmental Technologies Europe B.V. (Client)

Noble Environmental Technologies Europe B.V., a subsidiary of the US based Noble Environmental Technologies Corporation. Both entities jointly market the ECOR Advanced Environmental Composites Panel.

Contact Information

Contact information not provided at the time of disclosure.


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: