CO2 OPERATE B.V. (FMO-58177)

Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Specific Location
Singkarak Lake, West Sumatra, Indonesia
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
Apr 22, 2020
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
CO2 Operate
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
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)
$ 0.54 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 EURO 0.50 MLN
Converted using 2020-04-22 exchange rate.
Loan Amount (USD)
$ 0.54 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 EURO 0.50 MLN
Converted using 2020-04-22 exchange rate.
Project Cost (USD)
$ 0.54 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 EURO 0.50 MLN
Converted using 2020-04-22 exchange rate.
Other Related Projects
Primary Source

Original disclosure @ FMO website

Updated in EWS Aug 28, 2020

Disclosed by Bank Apr 22, 2020


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Project Description

According to the bank document, "the project aims to combine reforestation with improving livelihoods of rural communities and is a pilot project in carbon credits. The objective is to support CO2 Operate with the scaling up of the project to rehabilitate to more than 5,000 ha of degraded land by 2030. 

CO2 Operate is a Dutch-based social enterprise, which has been running a Voluntary Carbon Mechanism (VCM) scheme in West Sumatra’s Singkarak Lake watershed since 2009. So far, it has converted 200 ha of degraded (grassy) land into mixed food forests".

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

CO2 Operate is a Dutch-based social enterprise, which has been running a Voluntary Carbon Mechanism (VCM) scheme in West Sumatra’s Singkarak Lake watershed since 2009

Contact Information
1/ Project Contact:
 
 CO2 Operate B.V website: http://www.co2operate.nl
 
*There is no information being disclosed at this stage of the project*
 
ACCESS TO INFORMATION 
As part of FMO’s “ex-ante disclosure” (disclosure of transactions before contracting), you can send requests or questions for additional information to: disclosure@fmo.nl
 

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