&Green was established as a Dutch foundation (“Stichting”) in July 2017 and currently has USD 127m in capital committed through grants and redeemable grants from its contributors. Despite this good progress on fundraising, &Green is still actively raising capital and requires further contributors to come on board in order for the Fund to investment in its mature pipeline.

&Green’s target contributors are:

  • Bilateral and multilateral donors, development finance institutions (DFIs) and multilateral development banks (MDBs) supporting forest protection and climate change mitigation globally.
  • Private sector industry actors with sustainable sourcing ambitions or impact investment mandates.
  • Foundations

&Green was developed and set up by IDH Sustainable Trade Initiative working in close collaboration with NICFI, which is also the anchor investor into &Green. 


&Green was developed and set up by IDH Sustainable Trade Initiative under close collaboration with NICFI, Norway’s International Climate and Forest Initiative. NICFI is also the anchor investor in &Green, committing the NOK equivalent of USD 100 million as a grant.

USD 1m of the NICFI contribution has been ringfenced for a dedicated technical assistance budget (TA Budget). The purpose of the TA Budget is to support the development of the pipeline projects of the Fund, in close connection with the investment process and as set out in the TA Guidelines of the Fund. Specifically, the TA Budget will be used to support potential borrowers to comply with the Fund’s Environmental & Social Management System (ESMS) which is required to qualify for financing from the Fund.

Unilever Group

The Unilever Group is an influential multinational consumer goods company which committed to a redeemable grant of USD 25 million at the beginning of 2018.


In 2019 the Global Environment Facility (GEF), acting through the United Nations Environment Programme (UNEP) invested USD 2 million as a redeemable grant.


FMO is the Dutch entrepreneurial development bank. As a leading impact investor in sustainable private sector growth, FMO has invested in over 80 countries, supporting jobs and income generation with the aim of making the world a better place than it was when we first started. In 2021, FMO committed USD 25 million in long-term funding to &Green.