The eco.business Fund Development Facility Supports Workshops on Environmental and Social Risk Analysis

The eco.business Fund Development Facility Supports Workshops on Environmental and Social Risk Analysis

21-11-17

Workshops focused on agriculture and deforestation

Quito, Guayaquil, 21 and 23 November 2017. Being able to identify and evaluate environmental and social risks is important for any financial institution to fully understand their customers. This was the basis for a recent training session on Environmental and Social Risk Analysis (ESRA) processes for the financial sector in Quito and Guayaquil, Ecuador. The training, consisting of two workshops, was sponsored and delivered in part by the eco.business Fund (the Fund) Development Facility as part of its strategy to extend support and build capacity among its partner institutions in the region.

The objective of the workshops was to sensitize professionals from the Ecuadorian financial sector on the opportunities provided by analyzing the environmental and social risks of their customers, and to teach participants to detect, evaluate and mitigate these risks through tools used by international financial institutions. The workshops had a strong focus on agriculture, one of the focal areas of the eco.business Fund.

“Such analyses are critical in the process of funding sustainable businesses and we are very happy to be able to support our partners in Latin America through training programs such as these,” said Juan Forero of the Fund’s advisor Finance in Motion, who helped deliver part of the training.

The workshops were attended by more than 80 people from more than 20 Ecuadorian banks and government institutions. The Fund will offer continued support to the financial sector in the region through similar training sessions to be held in 2018, in association with the UN Environment Financial Initiative (UNEP FI). The training was a joint effort of the UNEP FI and the Ecobanking Project of INCAE Business School, in collaboration with ASOBANCA, the Ministry of the Environment of Ecuador, UNDP Ecuador and the eco.business Fund.

About the eco.business Fund DF

The Development Facility of the eco.business Fund (eco.business DF) was created in 2014 to support the Fund’s conservation finance mandate. It deploys effective, targeted and innovative technical assistance to maximise the impact and extent of the Fund’s conservation finance mandate in target countries. The services of the facility encompass capacity building and training, financial sector support and applied research with the aim to strengthen the internal capacities and operations of the Fund’s partner institutions.

The facility operates independently from the Fund in a fiduciary arrangement under Luxembourg law. The Development Facility Committee, comprising members nominated by the KfW Development Bank, is responsible for assessing and approving all project proposals and providing strategic guidance to the facility.

About the eco.business Fund
The eco.business Fund is spearheading the promotion of business practices that contribute to the preservation of biodiversity, the sustainable use of natural resources, and climate change mitigation and adaptation through private enterprises. By providing financing for business practices that conserve nature and foster biodiversity, the Fund seeks investments with both financial and environmental returns. The Fund mainly provides loans to qualified local financial institutions that lend the money to eligible borrowers, which include holders of recognized certifications or those making improvements in line with conservation and biodiversity goals. The Fund supports sustainable operations in the sectors of agriculture, fishery, forestry, and eco-tourism.

The eco.business Fund leverages contributions from donors, multilateral organizations, and development finance institutions and funding from private investors to maximize outreach and impact. Seed capital was provided by the German Federal Ministry for Economic Cooperation and Development, and by the German Development Bank KfW acting as main sponsor. Finance in Motion, a leading impact investing company, is also an investor.

Operating hand-in-hand with the eco.business Fund, the eco.business Development Facility provides high-impact technical assistance to local lending institutions and final borrowers.

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Media contact eco.business
Merle Römer
e-mail: press@ecobusiness.fund
Tel: +49 (0) 69 271 035-171



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