Clarmondial has received initial endorsement from the Green Climate Fund (GCF) and key cocoa and coffee origins to develop the USD 300 million Accountable Cocoa and Coffee Tranche (ACCT). This initiative, integrated into the Food Securities Fund, addresses the growing need for working capital to address climate change and foster socially and environmentally responsible supply…
More...Clarmondial has partnered with the Smallholder Safety Net Upscaling Programme (SSNUP) to support an investee of the Food Securities Fund. The investee will receive a Technical Assistance (TA) grant to improve the livelihoods of cashew and mango farmers in Burkina Faso. The project has three objectives: Improve the production practices of 3’000 farmers through trainings…
More...The Food Securities Fund (“Fund”) 2023 Impact Report was recently shared with investors. The Impact Report highlights the Fund’s ongoing commitment to mobilizing private capital for sustainable supply chains and landscapes in emerging and developing markets. It also includes Article 9 disclosures under the European Union’s Sustainable Finance Reporting Directive (SFDR). In its first three…
More...We are pleased to announce that Convergence has awarded grant to Clarmondial for the Biosphere Integrity Fund (Biosphere), under the Gender-Responsive Climate Finance Design Funding Window, funded by Global Affairs Canada. Biosphere will finance the transition of emerging and developing market agricultural supply chains and sourcing landscapes to achieve targets on the environment, local livelihoods,…
More...Lessons from navigating the Voluntary Carbon Markets in 2024 The scale of the climate finance opportunity and need are clear. While Clarmondial prioritizes working with companies to increase action within their value chains, we also recognize the importance of Beyond Value Chain Mitigation (BVCM). This is why we participated in the development of SBTi’s…
More...In preparation for the launch of the Biosphere Integrity Fund, Clarmondial is pleased to announce an agreement to execute a pilot investment in the Mount Kenya landscape. This builds on Clarmondial’s local presence, and the foundational work done by Rainforest Alliance Kenya under the Mount Kenya Sustainable Landscapes and Livelihoods (MSuLLi) Program, funded by the…
More...Clarmondial is pleased to announce the first Food Securities Fund transaction in Latin America, in addition to a recent loan renewal in a Least Developed Country (LDC) in Africa. The latest borrower in Latin America sources cocoa from several thousand farmers, predominantly smallholders, who operate in a biodiversity hotspot. The borrower is committed to supporting…
More...As a follow-up to the webinar we organized with the Swiss Platform for Sustainable Cocoa as a part of their Cocoa Tertulia series on financing the transition to regenerative agriculture practices, we reflect on the impact of rising cocoa prices on the Ivorian supply chain, and implications for smallholder farmers, exporters and processors. Côte d’Ivoire…
More...The 2024 World Economic Forum (WEF) in Davos centered on the theme of “Rebuilding Trust” amid escalating global risks in areas such as AI, security and nature. There was a pressing call for redirecting capital flows to support a just and nature-positive transition. In this post, Clarmondial’s Tanja Havemann and Julia Langenegger share three reflections…
More...It has been an exciting and eventful 2023. We extend a big thank you to all our valued partners and colleagues for the continued support as Clarmondial reached some important milestones. As we look towards 2024, we want to highlight three key take-aways from the past year: 1. Sound operations are critical to delivering environmental…
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