Calvert Impact Capital invests in the eco.business Fund to support sustainable agriculture in Latin America

Luxembourg and Maryland (USA), July 31, 2025 – The eco.business Fund, an impact investment fund advised by Finance in Motion, has secured a USD 10 million investment from Calvert Impact Capital, a subsidiary of Calvert Impact, a global nonprofit investor working to create a more equitable and sustainable world. The investment, structured as 4-year Senior Notes, will support the fund’s efforts to promote sustainable business practices across Latin America’s agribusiness sector, in crops like banana, coffee, flowers, pineapple and sugar, but also in forestry and aquaculture.

This latest investment builds on Calvert Impact’s long-standing relationship with the eco.business Fund, which dates back to 2017 and reflects its continued commitment to blended finance solutions that unlock private capital to achieve impact. By targeting value chains that support biodiversity conservation, sustainable resource use, and climate adaptation, the fund fosters resilient agricultural systems that benefit both ecosystems and local communities.

“eco.business Fund’s work to promote sustainable business practices is not only critical to supporting biodiversity, the sustainable use of natural resources, and climate change mitigation across the region,” said Catherine Godschalk, Chief Investment Officer at Calvert Impact, “it’s a crucial demonstration of what’s possible for businesses and investors around the world that we are excited to support.”

Michael Evers, Chairperson of the Board of Directors of the eco.business Fund, welcomed the investment: “Calvert Impact’s renewed commitment to eco.business is a testament to the importance of building strong partnerships with investors sharing a common goal, in this case channeling more capital to responsible agribusinesses and creating lasting benefits for people and the planet.”

Diego Stapff, Portfolio Manager for the eco.business Fund at Finance in Motion (advisor to the fund), also emphasized the strategic value of this partnership: “This investment reinforces our strong and trusted collaboration with Calvert Impact. The fact that such a sophisticated impact investor believes in our work is the strongest motivation for our team.”

The eco.business Fund contributes directly to the advancement of the Sustainable Development Goals (SDGs), including: SDG 2 (Zero Hunger), SDG 6 (Clean Water & Sanitation), SDG 8 (Decent Work and Economic Growth), SDG 12 (Responsible Consumption & Production), SDG 13 (Climate Action), SDG 14 (Life Below Water), SDG 15 (Life on Land), and SDG 17 (Partnerships for the Goals).  
 

About Calvert Impact 

Calvert Impact is a global impact investment firm that helps everyday investors and financial professionals invest in solutions that benefit people and the planet. Calvert Impact uses its unique position to ensure communities are better served by capital markets through a range of products and partnerships. Since 1995, Calvert Impact has mobilized more than $5 billion to grow mission-driven funds and organizations.

For more information, please visit: calvertimpact.org.  
 

About the eco.business Fund

The eco.business Fund aims to promote business and consumption practices that contribute to biodiversity conservation, to the sustainable use of natural resources, and to mitigate climate change and adapt to its impacts in Latin America, the Caribbean, and sub-Saharan Africa. By providing financing for business practices that conserve nature and foster biodiversity, the fund seeks investments with both environmental and financial returns. The eco.business Fund provides financing through three avenues: local financial institutions that are committed to the fund’s mission and which have the capacity to reach its target group; directly to its target group (i.e. companies and producers); and in the case of sub-Saharan Africa, to real sector intermediaries. The fund supports sustainable operations in the sectors of agriculture, fishery (including aquaculture), forestry and tourism. Target beneficiaries are those that hold an eligible sustainability certification or those taking out a loan to make eligible sustainable investments in their operations.
Operating together with each of the two sub-funds, are two development facilities that provide high-impact technical assistance to investment partners and final borrowers.
An impact investment fund advised by Finance in Motion, the eco.business Fund was initiated by Germany’s KfW Development Bank and Conservation International with financial support from the German Federal Ministry for Economic Cooperation and Development (BMZ).

The sub-fund for sub-Saharan Africa was formally launched in 2020 with initial funding from BMZ.

The sub-fund for Latin America and the Caribbean has received funding from the European Commission as well as from numerous other prestigious development finance institutions and institutional investors.
For more information please visit www.ecobusiness.fund

About Finance in Motion  

Finance in Motion is a global impact asset manager focused exclusively on sustainable development in emerging markets and developing economies. The company structures, manages, and advises impact investment funds that bring together public and private investors to address climate change, strengthen biodiversity conservation, foster the sustainable use of natural resources, improve livelihoods, and promote economic opportunities.

For more information, please visit us at: www.finance-in-motion.com  
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