In its first annual impact report, investors and partners were informed about the impact achieved by the Food Securities Fund in the year ending December 2021. The Fund’s borrowers employed close to 700 staff and supported rural livelihoods by purchasing agricultural commodities from ca. 40’000 smallholder farmers, thereof 40% women. These farmers manage more than 50’000 ha with sustainable agricultural practices, including the planting of shade trees and forest protection, among other measures. Using FAO’s ExAct tool, Clarmondial estimated that ca. 9’500 tons of CO2-equivalent will be sequestered as a result.
Clarmondial is working to increase the impact of the Food Securities Fund, which is an Article 9 fund under the EU’s Sustainable Finance Disclosure Regulation (SFDR). The most recent transaction, led by Soumaila Diakite and Fred Werneck, will benefit farmers producing cashew and cocoa in several landscapes. The borrower is committed to reducing commodity-driven deforestation by promoting climate smart and organic farming practices, as well as strengthening local community groups.