Environmental and Social Impact Assessment for the Forest First Colombia Project (DFC-FORESTFIRST)

Countries
  • Colombia
Where the impacts of the investment may be experienced.
Specific Location
Municipalities: Puerto Carreño and La Primavera --- Department: Antioquia
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
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
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.
Borrower
Forest First Colombia S.A.S.
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 Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Sep 30, 2020


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Project Description

The Project involves existing plantation forestry operations and the production of wood chips for the biomass energy sector or conversion to pulp for other wood-based products. The Project grows Acacia mangium and Eucalyptus pellita as the principal species and is undertaking provenance trials of Eucalyptus urograndis X urophylla as part of its genetic improvement program. Currently, 38,000 hectares are in production. The Project’s long-range forest plan seeks to have a total of 150,000 hectares in production by 2029 and to reach a sustainable harvest of over 5 million tons/year.

Investment Description
  • US International Development Finance Corporation (DFC)

Any funding information was available at the moment of the snapshot.

Contact Information

ACCESS TO INFORMATION

Unlike many other development finance institutions, DFC does not currently have an access to information policy.

Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia

ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)

The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms.

You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability

 

Location of Local Access to Project Information
Address: Forest First Colombia S.A.S.
Calle 75 # 5-88
Piso 6
Edificio Difransa
Bogotá, Colombia
Telephone: +57 (1) 745-0560
Point of Contact: Tatiana Pachon, Chief Country Officer (tpachon@forestfirst.com)