Initiated by the United Nations Convention to Combat Desertification (UNCCD) and Mirova, the Land Degradation Neutrality Fund is seeking to be a source of transformative capital bringing together public and private investors to fund triple bottom line projects that contribute to land degradation neutrality (“LDN”), a major global challenge that was officially set as part of the United Nations Sustainable Development Goals (“SDGs”) in September 2015 (SDG 15, target 3). The Fund provides patient long-term finance and technical assistance for land use transformation, shifting the trend from land degradation and unsustainable land use to land rehabilitation and sustainable land use.
- Fund size
- 300m
- Geography
- Africa, Caribbean, Pacific, Asia
- Sector(s)
- Agriculture
- Vintage year
- 2018
- EIB commitment
- USD 17.8m
- Website
- http://www.mirova.com/en-UK/p/Natural-Capital