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    Signature(s)

    Amount
    € 16,758,840.29
    Countries
    Sector(s)
    Regional - Latin America : € 16,758,840.29
    Credit lines : € 16,758,840.29
    Signature date(s)
    11/05/2018 : € 16,758,840.29
    Link to source

    Summary sheet

    Release date
    24 November 2016
    Status
    Reference
    Signed | 11/05/2018
    20160797
    Project name
    Promoter - financial intermediary
    ECOENTERPRISES FUND III
    EcoEnterprises Capital Management
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 20 million (EUR 18 million)
    USD 100 million (EUR 90 million)
    Location
    Sector(s)
    Description
    Objectives

    An investment fund targeting projects that deliver biodiversity benefits through the sustainable use of natural resources

    The fund aims to invest in pro-biodiversity businesses that encourage sustainable use and conservation of natural resources, preserve and restore vulnerable ecosystems and biodiverse landscapes, mitigate climate risk and build resilience in local economies and communities in Central and South America.

    Environmental aspects
    Procurement

    The fund's investment criteria and environmental and social due diligence procedures have been included in the fund's environmental and social policies and guidelines as well as its environmental and social management system. These will ensure that the underlying projects are implemented in compliance with national requirement and with EIB environmental and social standards.

    The fund will be required to ensure that implementation of the underlying projects is done in accordance with the EIB Guide to Procurement.

    Link to source
    Other links

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - ECOENTERPRISES FUND III
    Publication Date
    9 Jun 2017
    Document language
    Main Topic
    Lending
    Document Number
    74552198
    Document Focus
    Environmental Information
    Project Number
    20160797
    Sector(s)
    Publicly available
    Download now

    News & Stories

    Link to source

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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