Althelia Ecosphere is managed by its Luxembourg-based General Partner, Althelia Climate Fund GP S.Á.R.L. and advised by its London-based subsidiary Ecosphere Capital Partners LLP.
The Althelia Fund’s mission is driven to design and implement a model of investment that demonstrates that financial performance can be aligned with environmental stewardship and social development. It intends to invest up to US$120 million in land restoration projects through sound agroforestry systems integrated to large avoided deforestation schemes (REDD+) in Latin America until 2020.
Althelia envisions multiple-use rural landscapes that support natural forests, ecologically sustainable commercial activities, and thriving new and traditional communities. Its mission is to finance the transition to sustainable land use, creating new environmental assets that reflect the value of natural capital. Their investments reduce deforestation, mitigate climate change, protect biodiversity and provide a fair and sustainable living to rural communities through activities that offer investors competitive returns.
Althelia funds sustainable land use activities that generate environmental assets, such as carbon credits and certified commodities such as cocoa, coffee, timber, biomass, cardamom, rubber, among others. Althelia channels debt and equity with an investment/loan size per project of US$7M to US$15M.
Althelia has worked with investors and NGO partners to design a proprietary Environmental, Social and Governance (ESG) policy and management system, incorporating the International Finance Corporation’s Performance Standards on Environmental and Social Sustainability (2012) and the EIB Statement of Environmental and Social Principles and Standards (2009). Forest-based emissions reductions financed by the Fund will also be validated and verified to the Climate Community and Biodiversity (CCB) Standards, using the Gold Level of the Standards for projects delivering smallholder/community-led equitable benefits and exceptional biodiversity benefits, as appropriate. In this context, Althelia’s success will be assesses by:
- Reductions in greenhouse gas emissions;
- Positive impacts that their investments bring about in the lives of local communities and economies;
- Demonstrable conservation of threatened species, biodiversity habitat and forest ecosystems;
- Incorporation of ESG best practices in land-use and terrestrial emissions reductions projects;
- Securing and maintaining the trust of investment partners, our wholesale and retail partners, and the loyalty for our brand in the environmental marketplace.
Juan Carlos Gonzalez Aybar