OeEB, the Development Bank of Austria, invests USD 25 million in eco.business Fund

The investment will support business practices that contribute to biodiversity conservation and the sustainable use of natural resources in Latin America

Luxembourg and Vienna, 15 November 2017 – The eco.business Fund has received a USD 25 million investment from Oesterreichische Entwicklungsbank AG (OeEB), the Development Bank of Austria, that will support businesses in Latin America that implement practices in their operations which promote biodiversity conservation. 

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Calvert Social Investment Foundation Invests USD 5 million in eco.business Fund to Conserve Natural Resources and Biodiversity in Latin America 

The US institution becomes the fund’s first investor in subordinated notes 

Luxembourg and Bethesda, Maryland, 14 August 2017 – Calvert Social Investment Foundation has closed a USD 5 million investment in the eco.business Fund to further strengthens the fund’s ability to support sustainable business practices in Latin America in an effort to preserve natural resources and biodiversity and fight climate change. 

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ASN Bank Invests USD 25 million in eco.business Fund

The Dutch lender becomes the largest private investor in the fund

Luxembourg and The Hague, 31 July 2017 – Netherlands-based ASN Bank has invested USD 25 million debt in the eco.business Fund, a strong endorsement of the fund’s mission of supporting businesses in Latin America that promote biodiversity conservation, the sustainable use of natural resources, and climate change mitigation and adaptation. 

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EU Contributes EUR 3 mln to eco.business Fund to Support Biodiversity in Latin America

The donation will also strengthen the sustainable use of natural resources and climate change mitigation and adaptation in the region 

Luxembourg, 23 June 2017 – The eco.business Fund Development Facility has received a contribution of EUR 3 million from the European Union Latin America Investment Facility (LAIF) as part of the EU’s ongoing support for the impact investment fund.

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Eco.business Fund Lends Its Support to Colombia’s First Sustainable Banking Congress

The fund is sponsoring the event as well as the opening panel discussion on how health and welfare can affect economic growth

Bogota, 23 March 2017 – The eco.business Fund has joined the Colombian banking association Asobancaria to support this year’s inaugural Congreso de Sosteniblidad (23-24 March), which will gather top Colombian and international banking and finance experts for talks and presentations on the past, present, and future of sustainable finance in the country.

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Providing Great Food and Drink While Protecting Latin America’s Environment

The eco.business Fund shows coffee, fruit, and seafood as it promotes sustainable business practices in the agriculture sector

Berlin, 26 January 2017 – At this year’s International Green Week Berlin the eco.business Fund is presenting three of the Latin American companies it supports under a mandate to foster biodiversity and climate change mitigation and adaptation. The Berlin event serves as a showcase for the latest advances in the food, agriculture and gardening industries.

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Combined forces to contribute to Sustainable Development Goals in El Salvador 

FMO leads USD 90 million syndication to Fedecrédito

On 23 January 2017, FMO, the Dutch development bank, announced a 7-year USD 90 million syndicated debt facility to strengthen a federation of financial cooperatives in El Salvador: Federación de cajas de crédito y de bancos de los trabajadores, Sociedad Cooperativa de Responsabilidad Limitada de Capital Variable (Fedecrédito). Aim of the syndication is to boost inequality reduction, financial inclusion and biodiversity conservation in El Salvador by supporting Fedecrédito and its close to 1 million ultimate members. FMO arranged the syndication and kept a stake of USD 30 million while DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, Proparco, the eco.business Fund and Triodos Investment Management participated with USD 15 million each.

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FMO and eco.business Fund Join Forces to Protect and Foster Latin American Biodiversity

Dutch development bank commits USD 25 million to impact investing fund

Luxembourg and the Hague, 21 November 2016 – The eco.business Fund and the Dutch development bank FMO today announced the bank’s commitment of USD 25 million to the impact investing fund, which conserves and promotes biodiversity in Latin America. FMO’s financing represents one of the largest investments in the fund and underlines the bank’s increasing focus on biodiversity. Following the agreement, the fund commitments to date total nearly USD 80 million. 

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eco.business Fund, KfW Team Up to Bolster Latin America Biodiversity

The German development bank invests USD 25 million in the impact investment fund

Luxembourg and Frankfurt am Main, Germany 9 September 2016 – The eco.business Fund today announced it has received a commitment of USD 25 million from Germany’s KfW Development Bank to promote biodiversity and climate change adaptation and mitigation in Latin America and the Caribbean. The deal marks the largest commitment to eco.business to date, and the investment has been designated for the purchase of senior shares in the fund.

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eco.business Fund to receive EUR 13 million in additional funding from EU

eco.business Fund presented at COP21 in Paris

Luxembourg and Paris, 10 December 2015 ‐ – eco.business Fund (the Fund) will receive new funding of EUR 13 million from the European Union (EU) in the form of junior shares. The EU will also support the eco.business Development Facility with an additional contribution of EUR 3 million.

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eco.business Fund and Davivienda CR expand  support to sustainable companies in Costa  Rica 

New USD 5 million senior loan to foster biodiversity conservation and the sustainable use of natural resources 

Luxembourg and San José, 21 July 2015 ‐ eco.business Fund and Banco Davivienda (Costa Rica) S.A. are expanding their partnership through a USD 5 million loan provided by the Fund to the bank to further support companies in Costa Rica, which have been certified through labels such as Fairtrade and UTZ.

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eco.business Fund and Banco Davivienda Costa Rica team up to support biodiversity

USD 10 million senior loan to be on-lent via Banco Davivienda Costa Rica to companies with environmentally sustainable business practices

Frankfurt and San José, 05 May 2015 - eco.business Fund has lent USD 10 million to Banco Davivienda Costa Rica to support companies that follow best practices in sectors such as agriculture or fisheries. These companies are certified by entities such as FairTrade International or Rainforest Alliance.

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eco.business Fund and Scotiabank de Costa Rica promote businesses with environmental best practices

USD 10 million senior loan from eco.business will support environmentally certified businesses in Costa Rica

Frankfurt and San José, 05 May 2015 - The eco.business Fund and Scotiabank de Costa Rica S.A. (Scotiabank) have signed a loan agreement in support of companies that help to ensure Costa Rica preserves its rich level of biodiversity for years to come. These Costa Rican companies hold certificates from international labels such as Global G.A.P. and Marine Stewardship Council among others. The USD 10 million senior loan to Scotiabank de Costa Rica is one of the first loans disbursed by the eco.business Fund, which was launched in December 2014.

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Finance in Motion, KfW and Conservation International launch first biodiversity fund in Latin America

EUR 17 million seed capital for investments in the preservation of biodiversity

Frankfurt a.M., 22 December 2014 - Finance in Motion, KfW and the US non-governmental organization Conservation International (CI) together founded the eco.business fund. The fund enables businesses in Latin America to make investments that contribute towards preserving biodiversity and the sustainable use of natural resources – for example, in agriculture, forestry and fishing, as well as in eco-tourism.

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