Details - International Climate Initiative (IKI)

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Taking Deforestation out of Banks Portfolios in Emerging Markets

As of: October 2018

Objective and activities

Major causes of deforestation in Southeast Asia include unsustainable production of agricultural and forest commodities and infrastructure development. Aside from producers, buyers, consumers and government, the financial sector is one of the most powerful actors to stimulate sustainable commodity production as well as infrastructure development through its financial leverage and capital allocation decisions.To reduce negative impacts, this project will support the implementation of Environmental and Social (E&S) safeguards incl. deforestation free criteria in target countries’ financial institutions and financial market actors. It will provide sector specific guidance, review existing and improve or develop new  financial products.In addition, the project will support the development and piloting of green financial products incl. green credit lines at landscape level with a focus on smallholders. Pilots will be carried out in at least one of the implementing countries.

State of implementation/results

Project in starting phase

Project data

Country:
Indonesia, Malaysia, Myanmar (Burma), Philippines, Thailand

Implementing organisation:
World Wide Fund for Nature (WWF) - Germany

Partner institution(s):
  • Department of Environment and Natural Resources (DENR) - Philippines, Ministry of Natural Resources and Environment (MoNRE) - Thailand, Ministry of Natural Resources and Environment (NRE) - Malaysia, State Ministry of National Development Planning (BAPPENAS) - Indonesia
  • World Wide Fund for Nature (WWF) - Singapur

BMU grant:
€ 4,402,589

Duration:
05/2018 till 04/2021

Website(s):



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