Clarmondial is pleased to announce the launch of the Impact Advisory Board in relation to the Food Securities Fund. The Impact Advisory Board will provide regular input to Clarmondial on environmental, social and governance (ESG) matters related to the Food Securities Fund, its strategy, policies and investments.
The Impact Advisory Board is composed by accomplished professionals. The founding members are Karla Canavan, Vice President Commodity Trade and Finance at WWF; and Agustin Silvani, Senior Vice President, Conservation Finance at Conservation International. Other members will be announced soon.
The Impact Advisory Board functions as a consultative group, distinct from the board of directors of Clarmondial. It provides technical and conservation-related insights on a non-binding, non-fiduciary basis.
We look forward to working with Agustin and Karla on this initiative!
About the Food Securities Fund
The Food Securities Fund combines an innovative investment strategy with a standard and liquid fixed-income fund structure in Luxembourg to deliver change at scale. The Fund addresses the gap in season-long loans for agriculture production in emerging markets, thereby contributing to the UN Sustainable Development Goals (SDGs) by promoting climate smart agriculture and responsible, deforestation-free supply chains. It counts on a guarantee from the United States Agency for International Development (USAID), through the Bureau for Food Security and the Development Credit Authority. Also, it is supported by Convergence, the global network for blended finance, and Climate-KIC, as well as from leading companies in the agricultural sector. In January 2019, Lombard Odier, a leading Swiss bank established in 1796, has confirmed its commitment to invest in the Food Securities Fund through its Impact Investing fund of funds: LO Gateway Development Finance. The bank’s asset management division has allocated an undisclosed amount to the fund.
* This announcement does not constitute an offer or solicitation to any person in any jurisdiction to purchase or sell any shares. No information in this blog post should be construed as providing financial, investment, tax or other professional advice. Also, WWF and Conservation International support Clarmondial and the Food Securities Fund in a manner compatible with their charitable mission and status as a tax-exempt public charity. The Impact Advisory Board members do not have any fiduciary obligations to Clarmondial or to the Food Securities Fund, and in no event act, or be deemed to be act, as an “investment advisor” as such term is defined under U.S. Investment Advisers Act of 1940 or similar state or foreign statutes.