EcoEnterprises Biodiversity and Climate Fund (IDBI-14524-01)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Specific Location
Amazonian, Andean, and Meso-American regions
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
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
FI
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 15, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
EcoEnterprises Partners IV, LP
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IDBI website

Updated in EWS Nov 16, 2023

Disclosed by Bank Oct 30, 2023

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, IDB Invest is considering an equity investment of up to US$10 million (inclusive of a US$5 million Blended Finance equity participation with resources from funds managed by IDB Invest) in the EcoEnterprises Partners IV, LP (the "Fund"), an impact investing fund that will offer tailored growth capital for small and medium nature-based businesses in the Amazonian, Andean, and Meso-American regions.

The Fund will seek to invest in nature-based companies that promote positive environmental and social outcomes, with a focus on: (i) preserving and regenerating biodiversity (such as regenerative agriculture, agroforestry, sustainable aquaculture, and ecotourism); (ii) fostering climate solutions (including alternative proteins, renewable energy, and the circular economy); and (iii) promoting sustainable, inclusive growth (gender-inclusive and women-led companies, businesses that engage with indigenous communities, among others).

The Fund will be managed by the EcoEnterprises Capital Group, a pioneer women-founded and managed impact investing firm with a track-record of over 20 years building nature-positive portfolios in Latin America. EcoEnterprises seeks to generate development impact alongside market-level returns by providing long-term growth capital coupled with engaged value-added services to help scale community-based businesses that contribute to biodiversity conservation, climate solutions, and the creation of inclusive, long-term economic opportunities for underrepresented peoples, including women and indigenous communities. To date, EcoEnterprises has made nearly 50 investments in more than ten different countries.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - EcoEnterprises Capital Group Parent Company -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client Contact

CONTACT NAME: Tammy Newmark

POSITION: Managing Partner and Chief Executive Officer

PHONE NUMBER: +1.802.349.4998

EMAIL: tnewmark@ecoenterprisesfund.com

IDB Invest Contact

EMAIL: requestinformation@idbinvest.org

PHONE: +1(202)-566-4566

ADDRESS: 1350 New York Ave NW, Washington, DC 20005

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://www.iadb.org/en/access-information/information-request

ACCOUNTABILITY MECHANISM OF IDB / IDB INVEST

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IDB Invest)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IDB Invest is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).

How it works

How it works