&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.
&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).
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.
In 2021, the Ford Foundation invested into the &Green Technical Assistance budget in the form of a grant. This contribution is subject to &Green’s Technical Assistance governance and guidelines.