Clarmondial has received endorsement to proceed to Full Proposal development by 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 chains in key cocoa and coffee regions. It aligns with regulations such as the EU Deforestation Regulation (EUDR) and Corporate Sustainability Reporting Directive (CSRD), as well as emerging industry best practices. Leveraging Clarmondial’s established relationships with supply chain stakeholders and its expertise in climate finance, ACCT will provide both working capital and technical assistance. It will focus on providing additional pre-harvest working capital and support climate mitigation, resilience, and adaptation, including fostering resilience in rural farming communities, women’s economic empowerment, and biodiversity. Other countries are expected to join the facility, which is scheduled for GCF board review by mid-2025.
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