01 / TRANSFORMATIONAL CHANGE
INVESTMENT STRATEGY
&Green is a thematic investor looking for businesses which fit squarely within the core mission of delinking deforestation from major commodity supply chains. We finance the transition of these supply chains from extractive to truly sustainable blueprints for others to adopt, replicate and scale. &Green identifies those businesses directly or indirectly involved in commodity production, downstream and upstream in the supply chain in our Approved Jurisdictions.
Prospective clients are those who are willing and able to map out and then commit to:
- A No Deforestation, No Peat and No Exploitation (NDPE) Policy;
- An Environmental and Social Action Plan (ESAP); and
- A Landscape Protection Plan
By implementing these commitments, our clients transform their agricultural operations to become more sustainable – and more attractive to further investors.
Our clients’ projects are expected to provide substantial Environmental Returns, that can be monitored throughout the investment period. All projects must adhere to strong social and environmental covenants as well as a plan for the protection of the wider landscape around the project.
02 / COMMODITY SUPPLY CHAINS
OUR TARGET CLIENTS
We invest in businesses that are directly or indirectly involved in production of our target commodities in our Approved Jurisdictions.
We monitor the impact of our investment in a Landscape by measuring:

ENVIRONMENTAL RETURNS
hectares of forest conserved or restored and
avoided deforestation

SOCIAL IMPACT
households and
smallholder farmers benefitting
Our clients make notable public commitments in their Landscape Protection Plans and we measure and report their progress against those commitments publicly.
03 / DE-RISKING INVESTMENTS
Financial instruments
&Green provides USD 5 million to USD 30 million in long term (5-15 year) credit or guarantees. Our experience and skills enable us to structure and price credit facilities which are both affordable to our clients and responsibly mitigate and manage our investors’ credit risk. At the same time we provide our investors with attractive risk adjusted returns.
The Fund can absorb higher short and medium term risk, so the credit can accommodate lower cash flow requirements in the early years. This partially compensates our clients for the additional upfront project development costs, particularly related to environmental and social criteria requirements.
&Green also has a budget for providing Technical Assistance (TA) to prospective clients. With this additional support they can improve their practices and get ready for the investment.
04 / RIGOROUS SCREENING
Investment process
The Investment Advisor SAIL Investments only presents credible investment opportunities, that meet the &Green investment criteria, and heavily scrutinized by the Investment Committee (“IC”). The Investment Committee, is appointed by the B.V.’s Board, although the Stichting has a right to make one nomination (of an independent). The IC makes all final investment decisions and oversees restructuring and impairments.
ONGOING
PRE-ORIGINATION
Jurisdictional Approval
- Jurisdictional Eligibility Criteria assessment is done on relevant jurisdictions
- Approved by the Advisory Board of &Green.
Market Research
- Ongoing market analysis (sectors, regulation, deals and players)
List of eligible countries
Weekly market discussion meetings
1 MONTH
ORIGINATION
Deal Pipeline
- Global in-house team, on the ground, and specialist network
Investment memo, approved by investment & sustainability team
2 MONTHS
4 MONTHS
1 MONTH
DEAL EXECUTION
Investment/Sustainability Risk Screening
- Pipeline deal filtering
- Credit risk screening: initial term sheet, credit risk, mandate fit, structure of transaction
- Sustainability risk screening includes (proprietary risk frameworks):
- Forest & Biodiversity
- Human Rights
- Gender
- Reputational
- Climate
Due Diligence (DD)
- Credit analysis (commercial, financial, legal)
- Sustainability team engages external experts for E&S DD
- Analysis of E&S DD findings to develop LPP and define ESAP.
Contracting & Disbursement
- Executing of Facility Agreement, including both:
- Term sheet, Financial terms, covenants, lender protections
- E&S covenants (accepting ESAP, LPP and NDPE covenants)
- AML and legal analysis
- Co-Investors engagement
Deal Note, submitted to Investment Committee (IC)
Final proposal submitted to Investment Committee (IC)
Signing and disbursement schedule
5-10 YEARS
PORTFOLIO MANAGEMENT
Monitoring & Reporting
- Ongoing client engagement on risk and sustainability monitoring
- Quarterly, Semi-Annual, Annual reporting, following leading sector and disclosure frameworks
- Restructuring, early warning system and work out management
Annual , Semi-Annual, quarterly reports: UNPRI, SFDR Art 9., TNFD, TCFD
3-9 MONTHS
EXIT
Exit Report
- Financial and E&S analysis of borrower performance
Exit Report
OUTPUTS OF THE INVESTMENT PROCESS
05 / ACHIEVING OUR TARGETS
Landscape protection plan
All of our clients publicly commit to transitioning to sustainable agricultural practices and protecting their wider Landscape from deforestation. As part of this commitment they draft a Landscape Protection Plan, or LPP.
An LPP is a sustainable land use and management plan, which quantitatively sets out how the impact will be generated during the financing period.
The LPP covers matters such as:
- History of the landscape, Business as Usual Scenarios and Project Scenarios for different landscape elements;
- Stakeholders and their roles in the landscape and in the project;
- Targets for Environmental Returns and Social Returns, with milestones for delivery; and
- Monitoring, Reporting and Verification strategy and schedules.
Please refer to the descriptions of each of our clients for the details of their respective LPPs.





06 / LAWS AND REGULATIONS
Environmental, Social and Governance (ESG) safeguards
We work in sectors and regions with progressive forest protection policies. In addition to the required compliance with all applicable local laws and regulations, &Green investments also safeguard Environmental, Social and Governance (ESG) standards as part of the investment process as follows:
- Investments must follow the International Finance Corporation Performance Standards (IFC PS), or equivalent;
- Clients must implement an Environmental and Social Action Plan (ESAP) in order to address gaps with the IFC PS and the E&S risks identified;
- Clients must make a commitment to No Deforestation, No Development of Peatlands, and No Exploitation (NDPE) at organizational level;
- The project area forest and peatland must be covered by a long term Landscape Protection Plan (LPP), and
- Co-investors in a project must comply with ESG standards, specifically the IFC PS or the Equator Principles
07 / CLIENT SUPPORT
TECHNICAL ASSISTANCE
To improve the prospects of achieving the Fund’s objectives, &Green has established a dedicated Technical Assistance (TA) Budget to support its clients, and prospective clients, in reaching the standard of the Fund’s Environmental & Social Management System (ESMS), which is required in order to qualify for financing from &Green. The &Green TA processes run in close connection with the investment process and the governance of the &Green TA Budget is integrated in to the existing &Green governance structure.
There are certain eligibility criteria for providing &Green TA, including cost-sharing requirements for clients. To provide additional support, particularly where a (prospective) client is not eligible under &Green’s TA, the Fund strives to connect clients to strategic partners that are able to provide similar grant-based support to catalyse &Green’s investment and maximise impact. As part of the partnership with IDH, the sustainable trade initiative, a separate technical assistance facility (TAF) has been developed and it is dedicated to assisting &Green’s (prospective) clients in preparing for, and realising, the environmental and social impact required by the Fund. Other similar connections have been established with 3rd parties and exceptionally on ad-hoc basis.