Company name
BO EM Carbon Impact Fund
Project number
14942-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S category
FI-2
Country
Regional
Sector
Investment Funds
Status
Proposed
Disclosed date
11/08/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
02/25/2025
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Financial Institutions Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 5,000,000
Currency
USD
Project scope and objective
The project aims to support one of the first private equity impact funds in Emerging Markets (“EMs”) and Latin America and the Caribbean (“LAC”) focused on mobilizing capital at scale to support the origination of high-quality Carbon Dioxide Removal (“CDRs”) certificates—from the Amazonia and EMs’ tropical areas—to develop the Voluntary Carbon Market (“VCM”) and promote convergence towards Compliance Carbon Markets (“CCM”) aligned with the Paris Agreement, through an IDB Invest anchor investment of up to US$15 million, including an up to US$10 million blended finance investment from the Canadian Net Zero and Climate Resilience Accelerator in the BlueOrchard Carbon Impact Fund (the “Fund”), (the “Project”).
The Fund’s investment strategy is built around providing long-term funding for nature-based, biodiversity-enriching, and carbon sequestration projects in EM countries to generate financial returns and CDR credits.
The Fund will be managed by BlueOrchard Finance Ltd. (“BO”, “BlueOrchard” or the “Fund Manager”), a pioneer impact investment manager with more than 22 years of experience and a founding member of the Amazonia Finance Network.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
Valerie.Harrington@blueorchard.com
PHONE NUMBER
+41 22 596 47 60
POST OFFICE ADDRESS
Rue du Commerce 9 / 1204 Geneva, Switzerland
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
BLUEORCHARD EM CARBON 14942-01-RG-ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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