The &Green Fund, a globally-focused impact investment fund financing sustainable commodity production to protect tropical forests announced the signing of transactions in June 2020 in Brazilian integrated sustainable soy cattle production and in Indonesian palm oil sector.
One transaction is a 8-year loan facility of USD 10 million with Grupo Roncador, a Brazilian group to support in upscaling their sustainable production blueprint centered on the integration between crop and livestock systems, thereby intensifying and recuperating degraded pastures on over 60,000 hectares of farmland. At the same time, Roncador, which is committed to adhering to the highest standards of environmental and social performance, guarantees the protection of more than 70,000 hectares of forest, and the restoration of 200 hectares of forest.
The second Indonesian transaction is signed with PT Dharma Satya Nusantara Tbk. (DSNG) for a USD 30.0 million 10-year loan facility. DSNG is a member of the Roundtable on Sustainable Palm Oil and is committed to managing, operating and producing certified, sustainable palm oil. The second investment of the &Green fund will catalyse the implementation of DSNG’s ambitious No Deforestation No Peat No Exploitation strategy. DSNG will work with key stakeholders, such as government agencies, local and international NGOs, while recognizing that the success of the company’s ambition depends most importantly, on the continued constructive engagement of its community partners
