In December 2014, KfW, the German Development Bank, Conservation International and Finance in Motion set up the eco.business Fund. The Fund´s mission is to “promote business and consumption practices that contribute to biodiversity conservation, to the sustainable use of natural resources, and to mitigate climate change and adapt to its impacts, initially in Latin America and the Caribbean and potentially expanding to Africa”.
The Fund pursues this mission by providing financing and/or technical assistance to qualified financial institutions (FIs) and businesses in four focus areas:
- Sustainable agriculture and agribusiness
- Sustainable fishery and aquaculture
- Sustainable forestry
- Sustainable tourism
Available funding as of 30 September 2019 is USD 316.0 million. The committed investment portfolio as of 30 June 2019 amounts to USD 294.4 million.